NEW YORK, November 28, 2016 /PRNewswire/ -- Growing demand from packaging and films coupled with increasing consumption of purified terephthalic acid in textile industry to drive India acetic acid market According to recently published TechSci Research Report, "India Acetic Acid Market Study 2011-2025", the acetic acid market in India is anticipated to grow at a CAGR of over 9% during 2016 - 2025, on account of growing utilization of acetic acid as a raw material for the production of Purified Terephthalic Acid (PTA) coupled with increasing applications in manufacturing of ethyl acetate, butyl acetate and anhydrides in the country. Acetic acid is used in a wide range of end user industries like pharmaceuticals, textiles, packaging, films, adhesives, paints & coatings, etc. (Logo: http://photos.prnewswire.com/prnh/20140117/663730 ) In 2015-2016, production of Purified Terephthalic Acid (PTA) in India stood at 6,950 Kilo Tons, and this is expected to increase steadily during the forecast period. As a significant amount of acetic acid is consumed during the manufacturing of PTA, expanding PTA capacity is expected to positively influence the India acetic acid during 2016 - 2025. In addition, PTA is also used during the manufacturing of polyester fiber in India. In 2015, the production of man-made fiber in India stood at 4,140 thousand tons. Ethyl acetate is forecast to be fastest growing application segment in India acetic acid market during the forecast period.