Bulkchemicals Market Reports Acetic Acid Market Trends, 2016 to 2024
Hexa Research
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Acetic Acid Market Share, Size, Analysis, Growth, Trends and
Forecasts, 2015 to 2022 | Hexa Research
According to a recent study conducted by Hexa Research, global acetic acid market will be
valued at more than $13 billion in 2022. Growing demand for applications like Purified
Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth.
PTA is increasingly being consumed for manufacturing polyester, which is an important
constituent of the textile and packaging industries. PTA is expected to witness the fastest
growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid
demand for PTA was more than 2,450 kilo tons in 2014, which is likely to rise to more than
3,750 kilo tons in 2020.
Browse Full Report @ https://www.hexaresearch.com/research-report/acetic-acidindustry/
VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is growing
consumption of these chemicals in the solvents and adhesives industry, leading to rising
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