Global Acetic Acid Market (2018-2022) - BP, Celanese, Daicel, Eastman Chemical, LyondellBasell, and SABIC are Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 9, 2018--The “Global Acetic Acid Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global acetic acid market, in terms of volume, is projected to grow more than 18,000 thousand metric tons during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of bio-based acetic acid. Unlike chemicals produced from fossils, bio-based products are not harmful to the environment. End-users and producers prefer alternatives to fossil-based raw materials and products.
According to the report, one driver in the market is growth in the paints in coatings market.
The global paints and coatings market was valued at $150.8 billion in 2017, and it is expected to grow at a CAGR of 5.6% throughout the forecast period. VAM is used in paints, adhesives, and coatings.
Further, the report states that one challenge in the market is fluctuations in acetic acid prices because of plant shutdowns. Plant shutdown and turnarounds pose serious challenges to the global acetic acid market. Plant turnaround refers to shutting down of plants for a certain period due to maintenance or events such as strike or fire.
Market TrendsDevelopment of Bio-Based Acetic Acid Increasing Demand for Methanol Increasing Demand for VAM
Key VendorsBP Celanese Corporation Daicel Corporation Eastman Chemical Company LyondellBasell Industries Holdings SABIC
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/zp7f8p/global_acetic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005696/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 10/09/2018 09:06 AM/DISC: 10/09/2018 09:05 AM