LONDON, Oct. 8, 2015 /PRNewswire/ -- The report covers
the important acetic acid global markets. It further divides the
market on the basis of applications and geography. The market data
for these types is given with respect to volume (kilotons) and
value ($million). The market size by value of acetic acid was
estimated to be $1,444 million in
2014 and is projected to register a CAGR of about 1% between 2014
and 2019. The data mentioned in the report are based on the
European demand for acetic acid.
This report gives an idea about the current proceedings in the
industry at the commercial level. The study provides the value
chain analysis with respect to acetic acid raw materials,
manufacturers, and end users. The value chain describes the key
contributors to the materials market at different stages from
product development to end use. It represents the top players that
contribute to the acetic acid industry.
The impact of different market factors, such as drivers,
restraints, and opportunities is also illustrated in the report.
This gives an idea about the key drivers such as, budding vinyl
acetate monomer demand, growing textile and packaging industry, and
the increasing market reach of ester solvents in coating
industries; and restraints such as mature market of acetic
anhydride. Acetic anhydride is mainly used for the production of
cellulose acetate flake, which is employed as feedstock for fibers
in textiles or in cigarette filters by conversion into cellulose
acetate tow. However, in the recent past, the demand for cigarette
filter tow has constantly dropped which has led to decline of
acetic acid demand. and current economic condition of Europe. The economic slowdown in Europe and U.S. also affected the economy of
other developed countries that are of key importance for the
commercial success of new materials and its end-user market.
The acetic acid market is also classified based on different
applications. The important applications include vinyl acetate
monomer, purified terephtalic acid, ester solvents, acetic
anhydride, and others. The synthetic fiber and textile industries
are expected to show rapid growth in the future.
The key companies in this market are BASF SE (Germany), BP PLC (United Kingdom), Wacker Chemie (Germany), and others. These companies are
consistently focusing on expanding their production capacity to
achieve a competitive advantage and thereby serving the customers
more effectively. Investments in expansion of plant capacities,
followed by acquisitions were the most preferred strategies by the
top players in the year 2013 & 2014 that are driving the demand
of acetic acid. Their strategy to capture the market in developing
economies includes expansions and agreements.
Germany emerged to be the driving
factor for this market in European region, contributing for about
32% of the global demand in terms of consumption in 2014, due to
the availability of cheaper raw materials and low labour cost. The
important emerging countries, such as the U.KGermany, Belgium and Russia are further lined up for a brighter
future in this market.
The report also presents a competitive landscape covering different
strategies and developments, such as mergers & acquisitions,
expansions, and agreements undertaken by the leading acetic acid
companies in the past few years. Furthermore, different acetic acid
market participants are also profiled in the report.
Scope of the report
The report segments the European acetic acid market as:
The acetic acid market has been covered in detail in this report.
In order to provide an all-round picture, the current market demand
and forecasts have also been included.
On the basis of applications:
- Vinyl acetate monomer
- Purified terephtalic acid
- Ester solvents
- Acetic anhydride
- Others
Each application is described in detail in the report with volume
and revenue forecasts for each application.
On the basis of countries:
- Germany
- U.K.
- Belgium
- Spain
- Russia
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