The European Acetic Acid Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market is estimated to grow to a value of $1,474.5 million by 2018 at a CAGR of 3.5% from 2013 to 2018.
Browse through the TOC of the European Acetic Acid Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in market, and is supported by various tables and figures.
Acetic acid is an organic compound and one of the carboxylic acids, which is majorly obtained from methanol by employing process such as methanol carbonylation. The acetic acid market is experiencing strong growth, and the market is expected to become even stronger in the future. This is majorly due to the growing demand for acetic acid derivatives that include vinyl acetate monomer (VAM), purified terephthalic acid (PTA), ester solvents, and acetic anhydride. VAM is the single largest end-user application of acetic acid and is mainly used in paints, adhesives, and coatings. PTA is mainly used in the manufacture of polyester and fibers. An upcoming trend of acetate esters being used mainly as solvents for inks, paints, and coatings has also been observed in the last few years.
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Currently, the demand for acetic acid is dominated by VAM manufacturers, which constituted a major part of the total global acetic acid demand. The key factors driving the industry are identified as budding demand in the region and growth in various end-user industries. A wave of change through emerging technologies and non-integrated upcoming derivative plants has been identified as the main opportunity in the market. Value chain and plant integration are among the key strategies adopted by various market players to sustain their position in the highly competitive market.
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The report on the European acetic acid market has been segmented on the basis of applications and ingredients. Major applications of acetic acid include acetic anhydride, ester solvents, polyacetal resins or polyoxymethylene (POM), terephthalic acid, and vinyl acetate. The ingredients include carbon monoxide, methanol, and others. The report also includes market shares and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
North America Acetic acid Market:
North America Acetic acid market has been pegged at $1.3b in the year 2013 growing at 4.7% annually and is projected to reach $1.6b by the end of the year 2018.
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