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Hexa Research observed that China led the global acetic acid market in 2012 with a share of more than 39 % of volumes . A strong manufacturing base and possible expansion of the same in future will contribute to China retaining its market leadership . Asia Pacific followed China in terms of market share , with key demand emerging from India and Japan . The acetic acid industry in Asia is likely to grow at a CAGR of more than 10 % from 2015 to 2022 .
Hexa Research identifies Celanese , BP , DuPont , Eastman Chemicals , BASF , Wacker Chemie and Jiangsu Sopo ( Group ) Co ., Ltd ., among others , to be the key participants in the global acetic acid market . The industry showcases a fragmented nature with several manufacturers operating at varied levels of capacities .
Browse Related Category Market Reports @ https :// www . hexaresearch . com / research-category / bulkchemicals-industry
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