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Acetic Acid Market Growth, Forecast and Value Chain 2021-2030

Acetic Acid Market Growth, Forecast and Value Chain 2021-2030

The strong outlook of the global adhesives industry combined with the increasing demand for polyethylene terephthalate (PET) will drive demand for acetic acid in the coming years, finds Transparency Market Research in its latest report. The market study, titled ‘Acetic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,’ states that the market will log a 9.3% CAGR through the report’s forecast period. While the global acetic acid market was valued at US$5.93 bn in 2011, it will stand at US$10.31 bn by 2018.

 

Browse the full Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018 report at https://www.transparencymarketresearch.com/acetic-acid-market.html

 

The report also estimates the global acetic acid market in volume terms. When studied thus, the report notes that the demand for acetic acid was 9,612.5 kilo tons in 2011 globally. In terms of volume, the global acetic acid market is expected to post a 4.8% CAGR over the report’s forecast period. Although projected to exhibit good growth in terms of both revenue and volume, the volatility in raw material prices will adversely impact the global acetic acid market. However, the impact of this restraint can potentially be alleviated by the emerging opportunity of TCX technology, which marks a breakthrough in the production of fuel e

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