Acetic Acid Market 2019 Shows Investment Analysis and Future Trends Forecast To 2025

Acetic acid acid is a colorless liquid with strong and pungent smell, which is also known as ethanoic acid or methanecarboxylic. Approximately 75% of the acetic acid is produced synthetically by carbonylation of methanol and this process. However, acetic acid can also be produced by bacterial fermentation and accounts for only about 10% of world production.

Comprehensive competitive analysis and profiles of major market players such as Hoechst, Walker Chemie, BASF, Huls, BP Chemicals, Montedison, Nippon Gosei Kagaku and Showa Acetly Chemical, Celanese, and Union Carbide Corporation is also provided in this report.

 

The world acetic acid market is expected to register substantial growth during the forecast period due to its extensive application in the production of vinyl acetate monomer (VAM) and terephthalic acid (TPA). VAM, used in paints and adhesives consumes approximately 40% to 45% of the worlds acetic acid produced. TPA on the other hand uses acetic acid to manufacture polyethylene terephthalate (PET) plastic bottles for carbonated drinks and resins. Besides this, acetic acid is also used in the food industry and household items as a preservative. Thus, the high demand for acetic acid in VAM & TPA production and food industry would bolster the acetic acid market growth. However, environmental concerns such as non-biodegradability and emission of harmful elements such as aerosols into the environment can restrain the growth of acetic acid in VAM and TPA production.

The report segments acetic acid market on the basis of manufacturing processes, application, and geography. On the basis of manufacturing processes, the market is segmented into synthetic and biological route. According to application, it is classified into vinyl acetate monomer, terephthalic acid, acetic anhydride, acetate esters and Ketene, monochloroacetic, Textiles, dimethylacetamide and others. The geographic breakdown for the report includes for North America, Europe, Asia-Pacific, and LAMEA.

The global acetic acid market has presence of numerous manufacturers that are adopting next generation technologies to bring innovation in the production techniques of acetic acid. Key players are also adopting mergers & acquisitions to expand their presence in global acetic acid market. For instance, Saudi International Petrochemical Company has planned to acquire equities in various companies such as International Acetyl Company Ikarus Petroleum Industries Company, and International Vinyl Acetate Company in June 2015.

Author's Note

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