Latest Report on Acetic Acid Market Is Likely To Engender Revenue Of USD 7.26 Billion By 2024 – ZMR Blog
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Latest Report on Acetic Acid Market Is Likely To Engender Revenue Of USD 7.26 Billion By 2024

The Global acetic acid market is likely to exhibit a lucrative growth potential, owing to cut-throat competition witnessed among the key participants in the market, claims a research report by Zion Market Research. (Sample Copy Here) The key players of acetic acid market are LyondellBasell Industries N.V., SABIC Industries, Eastman Chemical Company, Sasol, and Celanese Corporation. These industry mammoths have been competing on the basis of high R&D investments, M&A, product innovations, and geographical expansions. Analysts predict that the firms will continue to implement these same strategies in the near future in order to gain a competitive advantage.

Citing an instance, in July 2018, Eastman Chemicals announced that it has outsourced the sales & promotion activities of its acetic acid product across the U.S. to British Petroleum Plc, a reputed oil industry firm.

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According to the Zion market research study, the acetic acid market, estimated at USD 8.37 billion in 2015, is forecast to register a CAGR of 8.5% during the period of 2016-2021. Analysts predict that the market will touch nearly USD 13.65 billion by 2021, in terms of revenue.

Soaring Popularity Across Myriad Industries To Augment Expansion

“Rising product use in photographic films and rapid emergence of textile & packaging sectors to stimulate the growth of acetic acid market over the coming years,” says a research analyst at ZMR.

Wide applications in Vinyl acetate monomer (VAM), acetic anhydride, acetate esters, and Purified terephthalic acid (PTA) are expected to upswing the growth curve of acetic acid market in the years ahead. However, fluctuating methanol prices and rapidly maturing acetic anhydride market can pose a challenge to growth of acetic acid market over the coming years.

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VAM dominated the application landscape of acetic acid market in 2015, owing to its more than 30% contribution towards the market share in terms of total volume consumption. Report predicts that VAM is likely to continue its domination over the forecast timeline, subject to its increasing application in adhesives & sealants.

Asia Pacific To Lead Regional Growth In Production & Consumption Terms

The geographical segmentation of acetic acid market is also discussed in the Zion research report. Researchers at ZMR have considered North America, Middle East & Africa, Europe, Asia Pacific, and Latin America as the key regional markets for acetic acid for the study. Increase in the number of manufacturing industries in Asia has contributed significantly towards the regional growth. China, which accounted for over 40% of the overall production of the APAC in 2015, is likely to be the revenue pocket of the region over the coming years.

North America acetic acid market is anticipated to record a CAGR of nearly 3.6% over the forecast period.

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Table of Contents

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Acetic Acid Market, 2016-2025 (USD Million)
    • 2.2. Global Acetic Acid Market: Snapshot
  • Chapter 3. Healthcare Business Intelligence (BI) – Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Acetic Acid Market drivers: Impact analysis
      • 3.2.2. The emergence of Big Data in the Acetic Acid Market
      • 3.2.3. Need to Improve Efficiency, Decision-Making, and Patient Satisfaction

The Acetic Acid Market is segmented as follows:

By Application

  • VAM
  • Acetate Esters
  • Acetic anhydride
  • PTA
  • Other

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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