The
global acetic acid market was valued at USD 5.93 billion in 2011 and
is expected to reach USD 10.31 billion by 2018, growing at a CAGR of
9.3% over the forecast period from 2012 to 2018. In terms of volume,
global demand was 9,612.5 kilo tons in 2011 and is expected to grow
at a CAGR of 4.8% over the forecast period from 2012 to 2018.
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Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2012 –
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Vinyl
acetate monomer (VAM) and purified terephthalic acid (PTA), which are
major applications of acetic acid together accounted for over 55% of
the global consumption in 2011. Growing demand of both the
applications from the end-use industries such as adhesives, sealants
and packaging has been fueling market growth. However, volatile raw
material prices may a pose a challenge to the industry participants
in the coming future.
Vinyl
acetate monomer (VAM) dominated market demand and accounted for 32.5%
of the global acetic acid consumption in 2011. VAM demand is expected
to remain strong over the next five years owing to growth of global
adhesives and sealants industry. PTA followed VAM in terms of
consumption and is expected to be fastest growing market at an
estimated CAGR of 5.4% over the forecast period from 2012 to 2018.
PTA application is expected to show substantial growth on the account
of growing demand from polyethylene terephthalate (PET) and other
end-uses. Other applications acetate esters and acetic anhydride
together accounted for 27.3% of the global consumption in 2011.
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China
emerged as the leading consumer of acetic acid with 36.2% of the
global demand in 2011. Strong economic growth coupled with rapid
industrialization is expected to boost the acetic acid market in the
region. In addition, China is also expected to be the fastest growing
market at an estimated CAGR of 5.4%, from 2012 to 2018. North America
and Europe followed the Asian market and are expected to experience
moderate growth due to saturated demand from end-use industries.
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The
global acetic acid market is highly concentrated with the top four
market participants accounting for over 60% of the global market in
2011. Key participants in the market include Cleanse Corporation,
British Petroleum PLC., JinagsuSopo, Eastman Chemical,
LyondellBasell, SABIC and Yancon Cathay Chemicals.
The
report segments the global acetic acid market as,
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all Article :
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Acetic
acid Market: Application Analysis,
Vinyl
acetate monomer (VAM)
Purified
terephthalic acid (PTA)
Acetate
esters
Acetic
anhydride
Other
(pharmaceuticals, food, etc)
Acetic
acid Market: Regional Analysis,
North
America
Europe
China
Rest
of Asia Pacific
Rest
of the World
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