Acetic Acid Market 2015 to 2022 - Global Industry Size, Share, Growth, Opportunities, Analysis and Forecast - Credence Research
In terms of revenue in 2014, the global industry for acetic acid was calculated to be USD 9,075.0 million and is projected to reach USD 14,784.2 million by 2022, growing at a CAGR of 6.8% from 2015 to 2022. In 2014, in terms of volume the industry demand for acetic acid was 12,100.0 kilo tons and is projected to reach 16,824.2 kilo tons by 2022 at a CAGR of 4.7% during the forecast period.acetic-acid-industry-by-geography Browse Full Report At http://www.credenceresearch.com/report/acetic-acid-market Acetic acid is used as key raw material in manufacturing numerous downstream chemicals such as purified terephthalic acid (PTA), vinyl acetate monomer (VAM), acetic anhydride and acetate esters. These chemicals are further used in wide range of end users industries such as textiles, construction, automobile, pesticides and food ingredients among others. Rising demand for these chemicals in turn is increasing the industry demand for acetic acid. Fluctuation in the pr...