Acetic Acid Market To Expand Industry Growth At USD 13.31 Billion By 2022Posted by Neha Bora on October 7th, 2019 San Francisco, 7 October 2019: The Report Acetic Acid Market Analysis By Application (VAM, Acetic Anhydride, Acetate Esters, PTA) And Segment Forecasts To 2022 Global acetic acid market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period. Acetic acid demand for manufacturing VAM exceeded 3,600 kilo tons in 2014 and the segment is projected to grow at a CAGR of over 4% from 2015 to 2022. Vinyl acetate monomer (VAM) is used in production of various adhesives and water based paints. Rising demand for industrial coatings and paints on account of growing infrastructure, specifically in emerging economies including China, Brazil and India, is a key factor for the growth of (VAM) over the forecast period. Access Research Report of Acetic Acid Market @ www.grandviewresearch.com/industry-analysis/acetic-acid-market Further key findings from the study suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/organic-chemicals-and-compounds Grand View Research has segmented the global acetic acid market on the basis of application and region: Global Acetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Global Acetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
Access Press Release of Acetic Acid Market @ www.grandviewresearch.com/press-release/global-acetic-acid-market-analysis About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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