The “European Acetic Acid Market & Its derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents-Ethyl Acetate, Butyl Acetate) Market By Applications & Geography- Trends & Forecasts to 2019” is expected to reach a value of $1,474.5 Million by 2018, estimated to grow at a CAGR of 3.5% from 2014 to 2019.
Browse through the TOC of “European Acetic Acid Market & Its derivatives (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents-Ethyl Acetate, Butyl Acetate) Market By Applications & Geography- Trends & Forecasts to 2019” for an analysis of industry trends and segments, with the help of various tables and figures.
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Acetic acid is an organic compound and one of the carboxylic acids, which is majorly obtained from methanol by employing various processes, of which methanol carbonylation is widely used. The acetic acid market is in the growth phase and is expected to continue the trend 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 manufacturing 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.
Currently, the demand for acetic acid is dominated by VAM manufacturers, which constituted a major part of the total acetic acid demand. The key factors driving the industry are identified as budding demand in the region and growth in the various end-user industries. A wave of change through emerging technologies and non-integrated upcoming derivative plants has been identified as the main opportunity in the market. Value chain and plant integration are among the key strategies adopted by various market players to sustain their position in the highly competitive market.
The report on the European acetic acid market has been segmented on the basis of applications and ingredients. Key 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.
The report also includes market shares and value chain analyses, and market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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