Acetic Acid Market
Regions Covered
USA
Europe
Asia
Regions Covered
USA
Europe
Asia
The global acetic acid market is expected to reach ~ $14 billion by 2022, with a CAGR of 7–8 percent from 2017 to 2022. The growing demand in Asia from PTA and VAM end markets with global supply tightness will drive the acetic market.. In addition to these factors, feedstock methanol market is also poised with its own baggage of mixed out on fundamentals driven by the dominant MTO industry in China.. Global acetic acid prices were rattled by a series of incidents in Q4 2017 which is believed to have a lasting effect in H1 2018. Hurricane Harvey followed by a fire accident in Eastman’s plant and the most recent Force Majeure by LyondellBasell in Q1 2018 will drive global prices upwards as the US market is a significant exporter to Europe and Asia. Prominent players like Celanese sighted the tightness in the market which has started to result in price hikes across all major regions. Demand growth expected for the next two years is positive especially demand will strong from the PET sector in Asia..
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