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Acetic Acid: World Supply Outweighs Demand
GlobalData, Jan 2011, Pages: 5
Acetic Acid: World Supply Outweighs Demand
Summary
Acetic Acid is an organic chemical mainly used for the production of Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), acetic anhydride, acetic ester and chloroacetic acid. Its derivatives are used extensively in industries like textiles, adhesives and food processing. In 2010, the global installed capacity of acetic acid was 15.319 million metric tonnes per annum (MMTPA), while global demand of acetic acid stood at 8.63 MMTPA. This has resulted in an overcapacity of more than 40%.
The aggressive capacity additions have resulted in a huge surge in capacity against a stagnant demand. This has had a huge impact on the acetic acid industry resulting in reduced operating rates and the softening of acetic acid prices globally.
Scope
- Analyses the factors leading to acetic acid oversupply
- Analyses the impact of overcapacity on acetic acid industry
- Analyses the demand and production scenario of global acetic acid industry
Reasons to buy
- Understand the drivers for global acetic acid industry
- Understand acetic acid industry demand share by region
- Understand the effect of overcapacity on global acetic acid Industry
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