Acetic Acid Market Size To Hit USD 13.31 Billion By 2022: Grand View Research Inc.
San Francisco, 7 October 2019: The Report Acetic Acid Market Analysis By Application (VAM, Acetic Anhydride, Acetate Esters, PTA) And Segment Forecasts To 2022 Global acetic acid market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period. Acetic acid demand for manufacturing VAM exceeded 3,600 kilo