Acetic Acid Market Share , Size , Analysis , Growth , Trends and Forecasts , 2015 to 2022 | Hexa Research
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Acetic Acid Market Share , Size , Analysis , Growth , Trends and Forecasts , 2015 to 2022 | Hexa Research
" Global acetic acid market is expected to witness significant growth over the next six years owing to increasing use in industrial and household applications . "
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 industri es . 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 .
VAM is utilized in the manufacture of chemicals like EVA and EVAC . There is growing cons umption of these chemicals in the solvents and adhesives industry , leading to rising demand for VAM . Demand for acetic acid in VAM was more than 3,500 kilo tons in 2014 . This application segment is expected to grow at a CAGR of more than 3.9 % from 2015 to 2022 . VAM will be increasingly demanded by developing economies like China , India and Brazil , consequently leading to growth of acetic acid market in future .
Browse Details of Report @ https :// www . hexaresearch . com / research-report / acetic-acid-industry /
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