Acetic Acid Market will reach USD 13.65 Billion by 2021, globally: Zion Market Research

Zion Research has published a new report titled “Acetic Acid Market for VAM, Acetate Esters, Acetic Anhydride, PTA and Other Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021.” According to the report, the global acetic acid market accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a CAGR of around 8.5% between 2016 and 2021.

The market growth of global acetic acid market has been accelerated by rising demand for vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in textile industry for polyester manufacturing coupled with increasing demand of VAM which is used as a precursor is expected to propel the growth of acetic acid market in coming years. Furthermore, growing textile & packaging industry is expected to fuel the growth of acetic acid market.In addition,being a chemical reagent and industrial chemical,it is used in production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibersand fabrics.However, volatile prices of methanol and mature market of acetic anhydride may restrict the growth of market.Nonetheless,increasing demand for industrial application is likely to open growth opportunities for the market in the near future.

Request Sample Report: https://www.zionmarketresearch.com/sample/acetic-acid-market

Vinyl acetate monomer (VAM) segment dominated the acetic acid market with over 30% share of total volume consumption in 2015.Extensive use of VAM in adhesive and sealant industry are the major factors are expected to fuel the growth in forecast period.Acetate Esters is expected to be the strongest growth segment of the market due to growing demand from coating industry.Increasing demand of PET bottles on account of their light weight and recyclability is expected to propel growth of PTA segment.

In terms of geography, Asia Pacific is the largest market in terms of consumption and production. China holds more than 40% of production share in 2015. Rising manufacturing industries in Asia Pacific is expected   to prompt the growth of acetic acid market in coming years. The North America is projected to grow with CAGR of 3.6%.

Do Inquiry before buying: https://www.zionmarketresearch.com/inquiry/acetic-acid-market

Some of the key players include in acetic acid market such asEastman Chemical Company, Jiangsu Sopo Co. Ltd, Kingboard Chemical Holdings Ltd, LyondellBasell Industries N.V., BP Plc, SABIC, Sasol, Petro China, Daicel Corporation, Celanese Corporation and among others.

Browse detail report at: https://www.zionmarketresearch.com/report/acetic-acid-market

About Us:

Zion Market Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Zion Market Research is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading industry and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.


Contact Us:

Zion Market Research

4283, Express Lane,

Suite 634-143,

Sarasota, Florida 34249, United States 

Tel: +49-322 210 92714

USA/Canada Toll Free No.1-855-465-4651

Email: sales@zionmarketresearch.com

Website: http://www.zionmarketresearch.com