Acetic Acid Market is anticipated to grow at a CAGR of 4%-6% during 2020-2025

The global acetic acid market is projected to grow at a CAGR of 4%-6% during 2020-2025. The growth of acetic acid market is driven by increasing use of VAM in multiple industries, consumption of purified terephthalic acid (PTA) in PTE bottles, and growing textile and packaging industry.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the acetic acid market by application (vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and ester solvents (ethyl acetate & butyl acetate)), and region (North America, Europe, Asia Pacific, and Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the acetic acid market?

Q.4 What are some changing demands of customers in the acetic acid market?

Q.5 What are the new developments in the acetic acid market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this acetic acid area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this acetic acid market?

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Market Segmentation:

Based on application, the acetic acid market is segmented into vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and ester solvents (ethyl acetate & butyl acetate). The vinyl acetate monomer (VAM) segment is accounted for the largest share of the market in 2020 because of the demand for the product from the rapidly growing industrial and cosmetics manufacturing sector.

Asia pacific is expected to be the largest region and it is also 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.

Key Players in the acetic acid market are British Petroleum Plc, Celanese Corporation, Daicel Corporation, DuPont, Eastman Chemical Company, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, SABIC.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/acetic-acid-market.aspx

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.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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