World Market for Acetic Acid Projected to Reach 11.8 Million Tons in 2015, According to New Report by Global Industry Analysts, Inc.

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Strong demand from China continued to propel growth in global demand for acetic acid. Spurred by significant Asian consumption, market for acetic acid is projected to reach 11.8 million tons in 2015.

Acetic Acid: A Global Strategic Business Report

Global acetic acid market is anticipated to rise by 4.5% over the period 2001-2010, leveraging on strong growth emanating from Asia-Pacific, particularly from China. Rapid growth of acetic acid market in China has encouraged investors to pour million of dollars in establishing acetic acid units. Influx of advanced technology and dollar rain from multinational companies, particularly from Western Europe and US, provided the impetus for fast paced growth. Asia has emerged as the production hub for acetic acid worldwide, as the market major moved towards China. Irrespective of cyclic trends, few manufacturers including Celanese and BP are establishing manufacturing plants in China. Worldwide annual production capacity of acetic acid is expected to shoot up as many acetic acid plants come on stream in near future. Robust growth in acetic acid capacity in China enables the country to become net acetic acid exporter rather than importer.

United States represents the largest market for acetic acid worldwide, with sales estimated at 2 million tons, as stated by Global Industry Analysts, Inc. Asia-Pacific accounts for over 50% of the global acetic acid sales. Consumption of acetic acid in vinyl acetate monomer in the United States is projected to reach the 1-milion ton mark by 2011. European acetic acid market is dominated by Germany, accounting for a share of over 36%.

Leading global and regional players operating in the market include British Petroleum, Celanese Corp, China Petroleum & Chemical Corporation (Sinopec Corp), Daicel Chemical, Kyodo Sakusan, DuPont, Eastman Chemicals, Jilin Chemical Industrial, Kuraray Co, LyondellBasell Industries, Millennium Chemicals, Showa Denko and Sterling Chemicals.

The report titled "Acetic Acid: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets including US, Canada, Japan, France, Germany, the UK, Italy, Asia-Pacific and Latin America for the period 1991-2015. Analytics are provided in terms of end-use segments including Vinyl Acetate Monomer, Acetic Anhydride, Ethyl Acetate, Butyl Acetate and Purified Terephthalic Acid.

For more details about this research report, please visit
http://www.strategyr.com/Acetic_Acid_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.strategyr.com/

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