PRN: Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents - Ethyl Acetate & Butyl Acetate) Market - Forecasts to 2018

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Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents - Ethyl Acetate & Butyl Acetate) Market - Forecasts to 2018

 
[12-May-2014]
 

DUBLIN, May 12, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7j5934/acetic_acid) has announced the addition of the "Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents - Ethyl Acetate & Butyl Acetate) Market By Applications & Geography - Trends & Forecasts to 2018" report to their offering.

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Acetic acid market is expected to reach at an estimated volume of 16,339.67 kilotons by 2018, signifying a firm annualized growth rate of over 4.48% from 2013 to 2018.

The global acetic acid market, along with its various derivatives, has witnessed a significant growth in the recent years, and this growth is estimated to persist in the coming years.

Acetic acid is a key building block to manufacture various chemicals, such as vinyl acetate monomer (VAM), purified terephthalic acid (PTA), ester solvents(ethyl acetate & butyl acetate), and acetic anhydride that are further used by a wide range of end-user industries, such as synthetic fibers, textiles, inks, and pesticides.

Currently, Asia-Pacific is the largest market for acetic acid and all of its dow! nstream derivatives, which consumed more than 60.00% of the overall global consumption in 2012. Among all the countries, China dominates the acetic acid market. The country consumed maximum volume of acetic acid in 2012. The market volume of acetic acid and its various derivatives is comparatively low in the ROW region, but is estimated to grow at the highest CAGR from 2013 to 2018, followed by the Asia-Pacific region.

The overall acetic acid demand is driven by the producers of vinyl acetate monomer (VAM), purified terephthalic acid (PTA), and ester solvents consuming almost 73.00% of the total demand in 2012. Ester solvents manufacturing segment is expected to be the strongest growth segment of acetic acid, which is primarily driven by the growing demand from coatings industry. Subsequently, the budding textile and packaging industry is pushing the demand for PTA, which in turn is driving the deman! d for acetic acid at a notable pace.

Among all the ac! etic aci d derivatives, VAM led the market with the highest global consumption of more than 5.0 million tons, followed by ester solvents with total global consumption of around 4.0 million tons in 2012.

The top manufacturers of acetic acid include BP Plc (U.K.), Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Daicel Corporation (Japan), Jiangsu Sopo (Group) Co. Ltd. (China), LyondellBasell Industries N.V. (The Netherlands), Shandong Hualu-Hengsheng Chemical Co. Ltd. (China), Shanghai Huayi (Group) Company (China), Yankuang Cathay Coal Chemicals Co. Ltd. (China), and Kingboard Chemical Holdings Ltd. (HongKong).

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

! 5 Acetic Acid Market (Slide No. - 55)

6 Acetic Acid Derivatives Market

7 Competitive Landscape

8 Company Profiles

Companies Mentioned:

  • BP PLC
  • Celanese Corporation
  • Daicel Corporation
  • Eastman Chemical Company
  • Jiangsu Sopo (Group) Co. Ltd.
  • Kingboard Chemical Holdings Ltd.
  • Lyondellbasell Industries N.V.
  • Shandong Hualu-Hengsheng Chemical Co. Ltd.
  • Shanghai Huayi (Group) Company
  • Yankuang Cathay Coal Chemicals Co. Ltd.

For more information visit http://www.researchandmarkets.com/research/7j5934/acetic_acid

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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