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The application segments covered in the study include vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters and acetic anhydride, and others. Vinyl acetateu00a0monomeru00a0is the largest application segment for acetic acid. It accounted for a 33% share of the market in 2019 in terms of volume and revenue. The market is mainly driven by huge demand for VAM from the adhesive and sealant industry. The acetate Esters segment is projected to be the highest growth segment of the market, which is primarily driven by the growing demand from the coatings industry. Subsequently, the budding textile and packaging industry is pushing the demand for PTA, which in turn is driving the demand for acetic acid at a notable pace.
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Global Acetic Acid Market Acetic Acid Market by Application ,by Geograpy, by Region, Market, Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027 Know more about this study request a free sample report @ https://www.researchcorridor.com/request-sample/?id=47
Global Acetic Acid Market Market synopsis: The global acetic acid market has been projected to grow at the CAGR of 5.25% market during 2020-2027. The application segments covered in the study include vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters and acetic anhydride, and others. Vinyl acetate monomer is the largest application segment for acetic acid. It accounted for a 33% share of the market in 2019 in terms of volume and revenue. The market is mainly driven by huge demand for VAM from the adhesive and sealant industry. The acetate Esters segment is projected to be the highest growth segment of the market, which is primarily driven by the growing demand from the coatings industry. Subsequently, the budding textile and packaging industry is pushing the demand for PTA, which in turn is driving the demand for acetic acid at a notable pace.
Global Acetic Acid Market Research Methoddolgy:
Global Acetic Acid Market Global Acetic Acid Market Segmentation: By Application, 2018–2027 (Kilo Tons) ($ Millon) • Vinyl Acetate Monomer • Purified Terephthalic Acid (PTA) • Acetate Esters And Acetic Anhydride • Others By Geography, 2018-2027 ($ Millon) • North America • U.S. • Canada • Europe • U.K. • Germany • Rest of Europe • Asia Pacific
Global Acetic Acid Market Global Acetic Acid Market Segmentation: • China • Japan • Singapore • South Korea • Rest of Asia Pacific • Latin America (LATAM) • Brazil • Mexico • Rest of Latin America • Middle East and Africa (MEA) • GCC • Rest of Middle East and Africa
Global Acetic Acid Market By Region:
Global Acetic Acid Market List of Key Companies: • BASF SE • British Petroleum • Celanese • DuPont • Eastman Chemical Company • LyondellBasell • PetroChina • SABIC • Sasol • Sinopec
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