Press release
Acetyls Market worth $50.21 billion by 2030, growing at a CAGR of 6.38% - Exclusive Report by 360iResearch
The "Acetyls Market by Product (Acetic Acid, Acetic Anhydride, Butyl Acetate), Application (Food & Beverages, Furniture, Inks) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Acetyls Market to grow from USD 32.56 billion in 2023 to USD 50.21 billion by 2030, at a CAGR of 6.38%.
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Acetyls are chemical compounds characterized by the presence of the acetyl group. They are used in the manufacture of varied products, including pharmaceuticals, paints, plastics, and solvents, due to their capability to act as an intermediary in chemical reactions. The market for acetyls is driven by their extensive application in pharmaceutical, food & beverage, and paints & coatings industries. The growing demand for vinyl acetate monomer in the production of adhesives and sealants and the surge in the consumption of acetic acid in textile and packaging industries propel the utilization of acetyl. Volatility in raw material prices and stringent environmental regulations regarding production and disposal are significant challenges in acetyls usage. Furthermore, the cyclical nature of key end-use industries can impact the market's stability and growth. Emerging economies present opportunities for expansion as industrialization and economic growth fuel the demand for acetyls. There is also potential in developing bio-based acetyls, catering to an increasing consumer preference for sustainable and eco-friendly products.
Market Segmentation & Coverage:
This research report categorizes the Acetyls Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Acetic Acid, Acetic Anhydride, Butyl Acetate, Cellulose Acetate, Ethyl Acetate, and Polyvinyl Acetate. The Polyvinyl Acetate is projected to witness significant market share during forecast period.
Based on Application, market is studied across Food & Beverages, Furniture, Inks, Oil &Gas, Paints, Pharmaceuticals, and Waxes & Coatings. The Food & Beverages is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Acetyls Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Acetyls Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Acetyls Market, highlighting leading vendors and their innovative profiles. These include Anhui Fubore Pharmaceutical and Chemical Co.,Ltd., BP PLC, CABB Group GmbH, Celanese Corporation, Chemada Industries, China National Petroleum Corporation, Chiping Huahao Chemical, Daicel Corporation, DuPont de Nemours, Inc., Eastman Chemical Company, HELM AG, Kanoria Chemicals & Industries Ltd, Laxmi Organic Industries Ltd., LyondellBasell Industries N.V., Saudi International Petrochemical Company, Versalis S.p.A., and Wacker Chemie AG.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Acetyls Market, by Product
7. Acetyls Market, by Application
8. Americas Acetyls Market
9. Asia-Pacific Acetyls Market
10. Europe, Middle East & Africa Acetyls Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Acetyls Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Acetyls Market?
3. What is the competitive strategic window for opportunities in the Acetyls Market?
4. What are the technology trends and regulatory frameworks in the Acetyls Market?
5. What is the market share of the leading vendors in the Acetyls Market?
6. What modes and strategic moves are considered suitable for entering the Acetyls Market?
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About 360iResearch
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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…
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The global acetyls marketwas sized over USD 22 billion in 2015. The global acetyls market is projected to reach USD XX.XX billion by 2022, growing with a CAGR of 6.5% to 7.0% from 2016 to 2022. The demand for acetic acid in ester solvents and purified terephthalic acid manufacturing industries are driving the growth of global acetyls market. The increase in the consumption of adhesives in some major industries is…
Good Growth Opportunities in Global Acetyls Market Till 2026
Acetyls or acyls are functional group organic compounds with the chemical formula CH3CO. The acetyl or acyl group contains a methyl group single-bonded to a carbonyl. The carbonyl center of an acyl compound has one non-bonded electron with which chemical bonds with alkyl groups are formed. Ethanoyl is the IUPAC name of acyl. Often known as the acetyl moiety, it is present in acetic acid, acetylcholine, acetyl-CoA, acetylcysteine, acetaminophen and…