Upcoming Revenue on Acetic Acid: Derivatives and Global Markets
Press Release – 02 Jan 2019
Research and Development News —
Latest Update “Acetic Acid: Derivatives and Global Markets” with Industries Survey | Global Current Growth and Future.
Acetic acid, at present, is used widely in various industries, the major ones being the production of polymers, pharmaceuticals, as solvents, food additives, lubricants, soaps and detergents, agrochemicals, animal feed, textiles, plastics, lubricant, varnishes, resins, transparent adhesives, cosmetics, personal care products, coatings, rubber, and paint. The global acetic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by the growth of vinyl acetate monomer (VAM) in the food and beverage industry (food packaging, food preservatives). The acetic acid market is also driven by the increasing demand of polyvinyl acetates and vinyl alcohols, which are accelerating the demand for acetic acid. Increasing textile and packaging industries are one of the key drivers behind the strong growth of Purified Terephthalic Acid (PTA); while budding coatings consumption is pushing the demand of ester solvents at a notable pace.
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By derivative, the global acetic acid market is segmented into these categories: vinyl acetate monomer, purified terephthalic acid, acetate esters, acetic anhydride and monochloroacetic acid. Vinyl acetate monomer had the highest share in 2017, accounting for REDACTED% in terms of value. It is expected to growat a CAGR of REDACTED% from 2018 to 2023. Consumption volume of vinyl acetate monomer was REDACTED kilotons in 2017. It was estimated to stand at REDACTED kilotons in 2018 and is forecast to reach REDACTED kilotons by 2023. Acetic acid is the main feedstock to manufacture vinyl acetate monomer.
By region, the global acetic acid market is segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. In terms of value and volume, Asia-Pacific had the highest share in 2017, accounting for REDACTED% in terms of value. The value market in Asia-Pacific stood at nearly $REDACTED billion in 2017. It is further estimated to record a value of nearly $REDACTED billion in 2018, and is forecast to reach $REDACTED billion by 2023, growing at a CAGR of REDACTED% from 2018 to 2023. Consumption volume in Asia-Pacificwas REDACTED kilotons in 2017. It was estimated at REDACTED kilotons in 2018 and is forecast to reach REDACTED kilotons by 2023. The dynamics of each region are different, with many industrial applicationproduction platforms having migrated from North America and Europe to Asia-Pacific countries,changing the consumption pattern and product flow in each region.”
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The scope of the report covers the overview and clear understanding of the global market scenario of acetic acid and its derivatives and analysis of global market trends, with market data for 2017, considered as the base year, 2018 as the estimate year, and forecast for 2023 with projection of CAGR during 2018 to 2023. Market data in value and volume is provided at global and regional levels for all major derivatives and their applications.
The report covers the discussion of technological, regulatory, and economic trends that are affecting the acetic acid market. The report has a review of the technological background of acetic acid, along with its production process, and identifies the current and emerging applications. It also explains the major drivers, restraints, opportunities, challenges and regional dynamics of the global acetic acid market; assesses current trends within the industry and presents the growth forecasts for the next five years. The regional acetic acid market is further segmented and forecasted for major countries such as U.S., Germany, China, U.K., China, India, etc.
The different derivatives of acetic acid which are considered in the report include vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, acetic anhydride and monochloroacetic acid (MCCA). The report further includes discussion of applications of these derivatives, such as paints and coatings, dyes and textiles, automotive, food and beverage, pharmaceuticals and cosmetics, agrochemicals, construction, animal feed, rubber, photography and other industries. The report concludes with a special focus on the competitive landscape which includes the key strategies adopted by the manufacturers, their market shares and detailed profiles of the major manufacturers, along with an overview, financial information, product portfolios of acetic acid products and their derivatives, key events and latest process developments in the global acetic acid market.
– An overview of the global market for acetic acid along with its derivatives market catering to different application segments
– Country specific data and analysis for China, India, Japan, Taiwan, France, Germany, UK, U.S., Brazil and South Africa
– Segmentation of the acetic acid derivatives market both in value and volumetric terms by end use applications and major geographical regions
– Elaboration of technological, regulatory, and economic trends that are affecting the acetic acid market
– An up-to-date analysis of recent developments and current global trends within the industry
– Discussion of competitive landscape which includes the key strategies adopted by the manufacturers and their comprehensive company profiles, including Bp Plc, Celanese Corp., Dowdupont Inc., Mitsubishi Chemical Corp., Lyondellbasell Industries Holdings B.V. and Saudi International Petrochemical Co. (SIPCHEM)”
Acetic acid is one of the simplest carboxylic acids which is a colorless organic compound. It has two carbon (C) atoms, four hydrogen (H) atoms and two oxygen (O) atoms, and consists of a methyl group which is attached to a carboxyl acid. It is also known as ethanoic acid or methanecarboxylic acid and is mainly produced by fermentation, followed by oxidation of ethanol.
The usage of acetic acid began in the 3rd century BC, when Theophrastus, the Greek philosopher described how vinegar acts on metals to produce pigments, including lead carbonate and a mixture of copper salts including copper acetate.
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