According to a new market report published by Lucintel, the future of the acetic acid market looks promising with opportunities in the vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and ester solvents (ethyl acetate and butyl acetate) applications. The global acetic acid market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are the increasing use of VAM in multiple industries, consumption of purified terephthalic acid (PTA) in PTE bottles, and growing textile and packaging industry.
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In this market, vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and ester solvents (ethyl acetate and butyl acetate). Vinyl acetate monomer (VAM), will remain the largest segment by application type over the forecast period because of the demand for the product from the rapidly growing industrial and cosmetics manufacturing sector.
Asia-Pacific is expected to witness the highest growth over the forecast period because of the factors such as increasing population and improving economic condition (such as rising GDP and disposable income of the people), drive the market in this region and boosting the manufacturing sector.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global acetic acid market by application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Acetic acid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global acetic acid market by application and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Vinyl acetate monomer
Purified terephthalic acid
Acetic anhydride
Ester solvents (ethyl acetate & butyl acetate)
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
Belgium
Spain
China
Japan
India
South Korea
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.