Key Players in the North America Acetic Acid Market are Celanese Corporation, Eastman Chemical Company and LyondellBasell Industries.
(PRWEB) January 11, 2015
The North America Acetic Acid Market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market is estimated to grow to $1,753.7 million by 2018 at a CAGR of 4.7% from 2013 to 2018.
Browse through the TOC of North America Acetic Acid Market for an analysis of industry trends, segments & forecasts.
Acetic acid is an organic compound and one of the carboxylic acids, which is majorly obtained from methanol by employing various processes such as methanol carbonylation. The acetic acid market is experiencing strong growth, and the market is expected to become 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-use 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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In the North American region, the domestic demand for specialty and base chemicals is experiencing high growth with the rising number of domestic manufacturers and expansion of the industry’s export market. The growth of the industry in the future will be augmented by investments in chemical and petrochemical projects due to recent boom of shale gas and oil slates in the U.S. and Canada. Due to the emergence of shale gas, lighter feedstock is available to chemical and petrochemical industries in North America. The region is expected to be favored for petrochemical assets in the near future. In the North American region, growing population will require housing, transport, and household equipment; this in turn will increase the demand for paints and coatings in the market, indirectly increasing the demand for acetic acid.
The report on the North American 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.
Related Reports :
Europe Acetic acid Market
Europe Acetic acid market has been pegged at $1.1b in the year 2013 growing at 3.5% annually and is projected to reach $1.3b by the end of the year 2018.
Europe Acetic acid constitute 15.9% of Global Acetic acid market and are poised to grow its market share to 14.3% by the end of year 2018.
Europe Acetic acid market is segmented on basis of applications and geographies.
Europe Acetic acid market is segmented in applications like Vinyl Acetate, Ester Solvents, Terephthalic acid and Acetic Anhydride.
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