[183 Slides Report] Acetic Acid Market is projected to grow up to an estimated volume of 16,339.67 kilotons by 2018, signifying a firm annualized growth rate of over 4.48% from 2013 to 2018. Its main application segments include the manufacturing of vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and ester solvents (ethyl acetate & butyl acetate).
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Acetic Acid is the main feedstock to manufacture vinyl acetate monomer, which was at the forefront in terms of volumetric consumption in 2012. It is mainly driven by the growing demand of polyvinyl acetates and vinyl alcohols, which in turn are accelerating the demand for Acetic Acid. The demand from the PTA manufacturing segment is estimated to grow at a very high pace, next only to ester solvents, which is the strongest growth segment of Acetic Acid. The growing textile and packaging industry is the key driver behind strong growth of PTA; while budding coatings consumption is pushing the demand of ester solvents at a notable pace.
The Asia-Pacific region is the most promising chemical market and is expected to be the same in the near future.
The top manufacturers include BP Plc (U.K.), Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Shanghai Huayi (Group) Company (China), Daicel Corporation (Japan), LyondellBasell Industries N.V. (The Netherlands), Shandong Hualu-Hengsheng Chemical Co. Ltd. (China), Yankuang Cathay Coal Chemicals Co. Ltd. (China), Jiangsu Sopo (Group) Co. Ltd. (China) and Kingboard Chemical Holdings Ltd. (HongKong).
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To know more read our blog: https://chemabd007.blogspot.com/2019/03/acetic-acid-market-leaders-key-revenue.html
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