Acetic Acid Market
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.
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.
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<strong>Acetic</strong> <strong>Acid</strong> <strong>Market</strong><br />
production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibers<br />
and fabrics.However, volatile prices of methanol and mature market of acetic anhydride may<br />
restrict the growth of the market.Nonetheless,increasing demand for industrial application is<br />
likely to open growth opportunities for the market in the near future.<br />
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Vinyl acetate monomer (VAM) segment dominated the acetic acid market with over 30% share<br />
of total volume consumption in 2015.Extensive use of VAM in adhesive and sealant industry are<br />
the major factors are expected to fuel the growth in forecast period.Acetate Esters is expected to<br />
be the strongest growth segment of the market due to growing demand from coating<br />
industry.Increasing demand of PET bottles on account of their light weight and recyclability is<br />
expected to propel growth of PTA segment.