Research and Markets: North America Acetic Acid Market by Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ester Solvents & Others) – Trends & Forecasts to 2019
July 1, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/hg9q65/north_america) has announced the addition of the “North America Acetic Acid Market by Application & by Country – Trends & Forecasts to 2019” report to their offering.
The North American acetic acid market, by application, was valued at $2.3 billion in 2014, which is projected to reach $2.8 billion by 2019, at a CAGR of 3.7% during the forecast period.
Acetic acid is one of the carboxylic acid that is mainly obtained from methanol through various processes, for instance carbonylation. The acetic acid market in North America is projected to witness growth owing to the growing demand for its derivatives including vinyl acetate monomer, purified terephtalic acid, ester solvents, and acetic anhydride.
North America is a diversified market for petrochemicals owing to the presence of numerous key players.
The domestic demand for specialty and base chemicals is experiencing high growth owing to the increasing number of domestic manufacturers and various expansions 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 the recent boom of shale gas and oil slates in the U.S. and Canada.
The North American acetic acid industry is witnessing high growth on account of increasing end-user applications, technological advancements, and growing demand in the region. It is largely used in industries for manufacturing of chemicals, such as vinyl acetate monomer, purified terephtalic acid, ester solvents, and acetic anhydride.
The vinyl acetate monomer held the largest consumption share of 41.3% in 2014. It is projected to reach a volume of 1,676.1 KT by 2019, at a CAGR of 4.7% during the forecast period. The purified terephtalic acid market is estimated to grow with the highest CAGR of 5.8% between 2014 and 2019. The U.S. is the leading market for acetic acid in this region.
The key players in the North America acetic acid market include Celanese Corporation (U.S.), LyondellBasell (Netherlands), Eastman Chemicals (U.S.), and others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Acetic Acid Market, By Application
6 Acetic Acid Market, By Country
7 Acetic Acid Market: Competitive Landscape
8 Acetic Acid Market, By Company
– BP PLC
– Celanese Corporation (U.S.)
– Daicel Corporation
– Eastman Chemicals (U.S.)
– LyondellBasell (Netherlands)
For more information visit http://www.researchandmarkets.com/research/hg9q65/north_america
View source version on businesswire.com: http://www.businesswire.com/news/home/20150701006434/en/
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