Global Acetic Acid Market Will Hit Around Usd 13.65 Billion in 2021

Published By:Zion Market Research

Global Acetic Acid Market will hit around USD 13.65
Billion in 2021

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Acetic Acid Market

Zion Research has published a new report titled “Acetic Acid Market for VAM, Acetate Esters,
Acetic Anhydride, PTA and Other Application: Global Industry Perspective, Comprehensive
Analysis and Forecast, 2015 - 2021.” According to the report, the global acetic acid market
accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a
CAGR of around 8.5% between 2016 and 2021.
Browse the "Acetic Acid Market"full report
The market growth of global acetic acid market has been accelerated by rising demand for
vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in
the textile industry for polyester manufacturing coupled with increasing demand of VAM which
is used as a precursor is expected to propel the growth of the acetic acid market in coming years.
Furthermore, growing textile & packaging industry is expected to fuel the growth of the acetic
acid market.In addition,being a chemical reagent and industrial chemical,it is used in the

Acetic Acid Market
production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibers
and fabrics.However, volatile prices of methanol and mature market of acetic anhydride may
restrict the growth of the market.Nonetheless,increasing demand for industrial application is
likely to open growth opportunities for the market in the near future.
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Vinyl acetate monomer (VAM) segment dominated the acetic acid market with over 30% share