PUNE, India, January 27, 2016 /PRNewswire/ --
According to the new Market Research Report "North America Acetic Acid Market by Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ester Solvents & Others) & by Country - Trends & Forecasts to 2019", the North American acetic acid market is estimated to grow to $2.8 billion by 2019, at a CAGR of 3.7% from 2014 to 2019. This market is driven by the upcoming construction projects in chemical and petroleum industries.
Browse through the TOC of North America Acetic Acid Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Acetic acid is an organic compound and one of the carboxylic acid which is mostly obtained from methanol through different processes, for instance methanol carbonylation. Acetic acid market is witnessing growth owing to the growing demand for its derivatives including vinyl acetate monomer (VAM), purified terephthalic acid (PTA), ester solvents, and acetic anhydride. VAM is the most use derivative of acetic acid and is mainly used in paints, adhesives, and coatings. PTA is mainly used in the manufacturing of polyester and fibers, acetate esters are used mainly as solvents for inks, paints, and coatings.
The domestic demand for specialty and base chemicals is experiencing high growth owing to the increasing number of domestic manufacturers as well as various expansions projects undertaken by the market players to expand its export market. The future growth of the industry would be driven by the investments in chemical and petrochemical projects due to recent boom of shale gas and oil slates in the U.S. and Canada.
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Due to the emergence of shale gas, lighter feedstock is available to chemical and petrochemical industries in North America. The region is also expected to be favored for petrochemical assets in near future. In addition, the growing population will require housing, transport, and household equipment, which in turn will increase the demand for paints and coatings in the market, indirectly increasing the demand for acetic acid.
Key Players of the North America Acetic Acid Market include:
Celanese Corporation (U.S.), LyondellBasell (Netherlands), Eastman Chemicals (U.S.), among others and so on.
The report studies the North America acetic acid market, which is segmented on the basis of application and geography. The key applications include acetic anhydride, ester solvents, polyacetal resins or polyoxymethylene (POM), terephthalic acid, and vinyl acetate.
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