Press release
Acetyls Market Industry Analysis, Trend and Growth, 2016-2026
Acetyls Market: Drivers & Restraints
Acetic anhydride or acetyl chloride are used for the formation of acetyls. Acetylated organic compounds exhibit increased ability to cross the selectively permeable blood–brain barrier. Acetylation assists a particular drug to reach the brain more quickly, further enabling strong drug effects and increased effectiveness of the drug dose. Acetylation converts the natural painkiller morphine into its intense form of heroin. Acetylation of resveratrol is currently under study as a potential alternative as one of the first anti-radiation drugs for humans. The global acetyl market is anticipated to be driven by the increasing application in diverse end-user industry and strong research advancements which is expected to open novel opportunities in several end user industries.
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Acetyls Market: Segmentation
The global acetyls market is classified on the basis of product type, end user industry and region.
Based on product type, the global acetyls market is segmented into the following:
Acetic Acid
Acetic Anhydride
Vinyl Acetate
Ethylene Acetate
Other Acetyls
Based on end-user industry, the global acetyls market is segmented into the following:
Food & Beverages
Oil & Gas
Pharmaceutical
Paints, Inks, Waxes & Coatings
Furniture
Other End User Industries
Acetyls Market: Overview
The acetyl groups of acetic acid, vinyl acetate and acetic anhydride are used as intermediates in a wide range of applications such as solvents to adhesives and water-based paints to cellulose acetate. The other applications of acetyls include pain-relieving pharmaceuticals, modified starches, emulsifiers, liquid crystal polymers and dyestuffs. The global acetyl market is projected to register above average CAGR in terms of value during the forecast period from 2016-2026. The global acetyl market is expected to be dominated by acetic acid product segment.
Acetyls Market: Region wise Overview
Geographically, global Acetyls market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA).Owing to the presence of large number of chemical industries in APEJ and Western Europe, the regions are expected to collectively hold a large share in the global market in terms of value during the forecast period. Also, the presence of several universities collaborations coupled with opportunities in scientific research of acetyls in the North America and Europe is expected to have positive impact on the regional markets. China is a major producer and consumer of acetic acid, and its production capacity is forecast to increase significantly through 2026. China is also the major exporter of acetic acid worldwide. New capacity installations in the MEA countries is expected to propel acetyl market growth in the region.
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Acetyls Market: Key Players
The key players in global acetyls market are BP p.l.c., Celanese Corporation, The Dow Chemical Company, Eastman Chemical Company, Wacker Chemie AG, LyondellBasell Industries Holdings B.V. to name a few.
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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
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…
