According to the new market research report “Europe Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ester Solvents (Ethyl Acetate & Butyl Acetate)), by Application, by Geography - Analysis and Forecast to 2019”, the European Acetic Acid Market This market is projected to account for a market size of $1,474.5 million by 2018 at a CAGR of 3.5% between 2013 and 2018.
Browse through the TOC of “European Acetic Acid Market”for an analysis of industry trends and segments, with the help of various tables and figures.
The “European Acetic Acid Market & Its derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents-Ethyl Acetate, Butyl Acetate) Market By Applications & Geography- Trends & Forecasts to 2019” is expected to reach a value of $1,474.5 Million by 2018, estimated to grow at a CAGR of 3.5% from 2014 to 2019.
Currently, the demand for acetic acid is dominated by VAM manufacturers, which constituted a major part of the total acetic acid demand. The key factors driving the industry are identified as budding demand in the region and growth in the 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.
Key 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.
Key Players in the European Acetic Acid Market include BASF SE (Germany), BP PLC (United Kingdom), Wacker Chemie (Germany), and others
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