Acetic Acid: Markets Shift Eastward

Related Vendors

TURCK GmbH

Pörner Ingenieurgesellschaft mbH

Italvacuum, Srl

GBI Research

Asia accounted for more than 60% of global acetic acid demand in 2011, with China accounting for almost 40% of that. With new capacity coming online in the forecast period, China should continue to be the engine of global acetic acid growth over the next few years, as the emerging economy’s giant population dictates its huge consumption potential and tremendous growth opportunities, while developed nations such as Japan and Germany have seen domestic demand for acetic acid largely stabilize. Asia-Pacific will continue its growth momentum in the coming years, and stands to be the global growth engine for the acetic acid market.

US: Shale Gas Induced Boom Fires Demand For Basic Chemicals

The US had the second-largest acetic acid demand share after China in 2011, and a complete recovery in the US economy will boost the global growth of acetic acid in the future. The global demand for acetic acid has been steadily increasing over the past decade, from 6,112,418 tons in 2000 to 10,246,522 tons in 2011, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.7% in future years to reach 15,539,000 tons in 2020.

(ID:37796970)