Acid Market (Formic, Acetic & Adipic) Trends & Forecast to 2019 in a New Research Reports at RnRMarketResearch.com
Dallas, Texas (PRWEB) May 07, 2014 -- Acetic Acid Market & Its Derivatives Trends & Forecasts to 2018 market research report says The Asia-Pacific region is the biggest market of acetic acid consuming a significant share of the total global consumption in 2012, and it is also the second fastest growing market next to ROW. The consumption patterns of acetic acid and its various derivatives are continuously showing an upward trend, which is mainly due to the shift of the manufacturing industry to Asia-Pacific on account of increasing demand and low cost of production. China is the leading country in the region in terms of both production as well as consumption of acetic acid and its derivatives; while the Indian market, despite of being small in size, is expected to be a market with high potential.
Currently, the demand of acetic acid is dominated by vinyl acetate monomer (VAM) manufacturers that consumed almost one third of the total global acetic acid demanded in 2012. This demand is increasing at a considerable pace due to the budding demand for polyvinyl acetate and ethylene vinyl alcohols. Ester solvents and PTA manufacturing segments are expected to be the strongest growth areas of acetic acid in the near future, driven by their increased use in Asia-Pacific and ROW. The key factors driving the industry are identified as budding demand in the Asia-Pacific region and growth by various end user industries. A wave of change through emerging technologies and non-integrated upcoming derivative plants are identified as the main opportunities in the market. Value chain and plant integration are among the key strategies adopted by various market players to sustain their position in the much competitive market. Complete report available at http://www.rnrmarketresearch.com/acetic-acid-market-its-derivatives-vinyl-acetate-monomer-vam-purified-terephthalic-acid-pta-acetic-anhydride-ester-solvents-ethyl-acetate-butyl-acetate-market-by-applications-geogra-market-report.html.
Adipic Acid Market Trends & Forecasts to 2019 market research report says the adipic acid market on the basis of material type, applications, and geography. The market data for these types is given with respect to volume (thousand tons) and value ($Million). The market value of adipic acid was estimated to be $5,884.6 million in 2012, and is projected to grow with a CAGR of 3.7% from 2014 to 2019. The data mentioned in the report are based on the global demand for the adipic acid.
The key companies in this market are Asahi Kasei Corporation (Japan), PetroChina Liaoyang Petrochemical (China), Shandong Haili Chemical Industry Company Ltd. (China), and Shandong Hongye.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 38.0% of the global demand in terms of consumption for the year 2012. China is the leading country in the consumption of adipic acid due to the increased demand of polyamide 66 from the automotive and packaging industries. The important emerging economies such as Brazil, India, Russia, etc. are further lined up for a higher growth in this market. Complete report available at http://www.rnrmarketresearch.com/adipic-acid-market-by-application-polyamide-66-polyurethane-adipic-esters-others-by-material-type-engineering-plastics-fibers-by-geography-north-america-europe-asia-pacific-row-market-report.html.
Formic Acid Market Trends & Forecasts to 2019 market research report says the report covers the important formic acid global markets. It further divides the market on the basis of applications, geography, and its types. The market data for these types is given with respect to volume (metric tons) and value ($thousand). The market value of formic acid was estimated to be $ 593,500 thousand in 2012 and is projected to grow with a CAGR of about 3.8% from 2014 to 2019. The data mentioned in the report are based on the global demand for the formic acid.
The key companies in this market are BASF SE (Germany), Perstorp AB (Sweden), Feicheng Acid Chemicals Co. Ltd. (China), Gujarat Narmada Valley Fertilizers Co. Ltd. (India), Taminco Corporation (Belgium), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2012 & 2013 that are driving the demand of formic acid. Their strategy to capture the market in developing economies includes expansions and agreements.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 47% of the global demand in terms of consumption in 2012. China is the leading country in the consumption of formic acid , due to the availability of cheaper raw materials and low labour cost. The important emerging economies such as Brazil, India, etc. are further lined up for a brighter future in this market. Complete report available at http://www.rnrmarketresearch.com/formic-acid-market-by-types-grades-of-85-94-99-and-others-by-application-agriculture-leather-textile-rubber-chemical-pharmaceuticals-others-by-geography-global-trends-forecasts-t-market-report.html.
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