Press release
Acetyls Market Survey 2019 - Industry Outlines, Future Trends, Forecasts And Regional Segmented Analysis 2023
Acetyls Market
BP p.l.c. (Europe), Celanese Corporation (US), Daicel Corporation (Japan), Eastman Chemical Company (US), HELM AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Wacker Chemie AG (Germany), DowDuPont (US), Kanoria Chemicals & Industries Ltd. (India), Laxmi Organic Industries Ltd. (India), and Sipchem (Saudi Arabia) these are the key players for acetyls market.
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Segmental Analysis
The Global Acetyls Market has been segmented into five regions--Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for acetyls in food & beverage, pharmaceuticals, and paints & coatings application. The rising working population coupled with the high disposable income results in an increased demand for packaged food, which drives the demand for acetyls in food & beverage application. The extensive use of acetylated compounds such as acetic anhydride in production of generic drugs such as paracetamol and aspirin are another factor influencing the growth of the market. Furthermore, acetyls are used in paints & coatings, which are further used in major end-use industries such as construction, automotive, and electronics. The growth of these industries in developing nations such as India, Taiwan, Thailand, and Malaysia are projected to drive the market growth in the region during the forecast period.
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The European and North American market is expected to showcase significant growth due to the extensive of acetyls in paints & coatings, which are further used in end-use industries such as automotive, construction, electronics, aerospace, and military & defense as well as the food & beverage industries. The high disposable income and the luxurious living standards of the consumers in these regions is projected to propel the demand for acetyls in food & beverage application.
The presence of abundant oil & gas reservoirs in the Middle East & African region is projected to drive the market in this region.
Key Players
o BP p.l.c.
o Celanese Corporation
o Daicel Corporation
o Eastman Chemical Company
o HELM AG
o LyondellBasell Industries Holdings B.V.
o Wacker Chemie AG
o DowDuPont
o Kanoria Chemicals & Industries Ltd.
o Laxmi Organic Industries Ltd.
o Sipchem
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Segmentation
The Global Acetyls Market has been segmented on the basis of product type, application and region.
Based on product type, the market has been segmented into acetic acid, acetic anhydride, vinyl acetate, ethylene acetate, and others.
By application, the market has been segmented into food & beverages, pharmaceuticals, oil & gas, paints, inks, & coatings, waxes, furniture, and others.
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Acetyls Market Size, Share, and Growth Forecast 2024-2031
𝗔𝗰𝗲𝘁𝘆𝗹𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲
The acetyls market is anticipated to exceed USD 44.95 billion by 2031, growing from USD 29.63 billion in 2023. It is projected to reach USD 30.69 billion in 2024, expanding at a CAGR of 5.3% between 2024 and 2031.
𝗔𝗰𝗲𝘁𝘆𝗹𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄
The Acetyls market encompasses a range of organic chemical compounds containing the acetyl functional group (-COCH3). These compounds are versatile intermediates used in the production of a wide…
Global Acetyls Market Witness High Demand During by 2031
The global acetyls market size was $26,574.00 million in 2022, and this number is expected to increase to $43,337.36 million by 2031, advancing at a CAGR of 5.58% during 2023-2031.
Functional groups of organic compounds with the chemical formula CH3CO are acetyls or acyls. A single methyl group is joined to the carbonyl centre of an acyl molecule. An acyl molecule has a carbonyl centre with one unbonded electron that interacts…
Growing End-Use Industries Driving Acetyls Market
The global acetyls market is projected to attain a value of $34,283.2 million by 2022, growing with a CAGR of 6.9% during the forecast period (2016–2022). The market is witnessing growth due to the increasing demand for acetyls in Asia-Pacific (APAC), consumption of adhesives in key end-use industries, and surging consumption of acetic acid in the manufacturing of purified terephthalic acid (PTA) and ester solvents. In organic chemistry, compounds with…
Acetyls Market Growth, Trends, Development, Size And forecast by 2022
The global acetyls market was valued at $22,004.7 million in 2015 and it is expected to grow at a CAGR of 6.9% during 2016 - 2022. The major factors driving the growth of the global market include increasing demand of acetic acid in manufacturing of purified terephthalic acid (PTA) and ester solvents. Increasing adhesive consumption in key industries will drive demand of vinyl acetate monomer, and increasing demand in Asia-Pacific…
GLOBAL ACETYLS MARKET: TRENDS ANALYSIS AND FORECASTS UP TO 2022
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