Our latest research report entitled Acetyls Market (by product (acetic acid, acetic anhydride, butyl acetate, cellulose acetate, ethyl acetate, polyvinyl acetate, and other products), application (food and beverages, furniture, inks, oil & gas, paints, pharmaceuticals, waxes, and coatings)) provides complete and deep insights into the market dynamics and growth of Acetyls. The latest information on market risks, industry chain structure Acetyls cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Acetyls growth factors.
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Demand for Acetic Acid in Ester Solvents and Purified Terephthalic Acid Manufacturing Industries Are Driving the Growth
Acetyls are organic compounds with functional groups. Acetic acid, acetic anhydride, ethyl acetate, monochloro-acetic acid, vinyl acetate, and vinyl acetate monomer are some of the major acetyls. Acetyls are useful in the modifying process of histones as well as proteins. Acetyls, as a major base chemical, generate significant demand from the polymers production industry. Acetyls find plenty of applications as chemical intermediates and solvents in various industries. In the pharmaceutical industry, acetyls find application in the manufacturing of major drugs such as aspirin, paracetamol, and others. Acetylation process can convert many existing drugs into more intense form. Research related to acetylation of certain drugs is expected to provide a potential alternative for anti-radiation drugs.
The demand for acetic acid in ester solvents and purified terephthalic acid manufacturing industries are driving the growth of the global acetyls market. The increase in the consumption of adhesives in some major industries is expected to generate the demand for vinyl acetate monomer. Ethylene-vinyl acetate also finds application in the photovoltaic cell industry as adhesive for sticking together glass and the electronic component. The price of the acetic acid in the global market came down significantly over the past couple of years, as the supply was greater than demand.
The demand for acetyls in industries such as coatings, dye, food and beverages, paint, and pharmaceuticals boosts the growth of acetyls market. However, the decline in the demand for solvent-based adhesives is expected to be a restraint for the acetyls market. Moreover, the growth in the use of photovoltaic cells is expected to drive further demand for vinyl acetate monomer. The emergence of numerous new applications for acetyls in various end-user industries is expected to drive the growth of acetyls market, during the forecast period.
Asia-Pacific the Region is the Largest as well as the Fastest Growing Region in the Global Acetyls Market
Asia-Pacific the region is the largest as well as the fastest-growing region in the global acetyls market. The Asia Pacific acetyls market is driven by an increase in the consumption of acetyls in developing countries such as India, China, Malaysia, and several other Asian countries. Adhesives, automobiles, and electronic industries drive the Asia pacific acetyls market with significant demand for the acetyls. China is the largest consumer, producer, and exporter of acetic acid in the world.
Europe is the second-largest acetyls market as there are huge demand acetyls from various chemical industries based in Western Europe. Moreover, the technological collaborations between European universities and the acetyl industry are expected to provide new opportunities and growth prospects for the global acetyl market during the forecast period. In the North America region, heavy investments in industries such as automotive, paints and coatings, oil & gas, and pharmaceuticals in emerging economies in the rest of the world provide opportunities for major players in the acetyls market to expand during the forecast period.
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Report on Global Acetyls Market Covers Segments such as Product, and Application
On the basis of product, the sub-markets include acetic acid, acetic anhydride, butyl acetate, cellulose acetate, ethyl acetate, polyvinyl acetate, and other products. On the basis of application, the sub-markets include food and beverages, furniture, inks, oil & gas, paints, pharmaceuticals, waxes and coatings, and other applications.
The report provides profiles of the companies in the market such as BP plc, Celanese Corporation, DowDuPont, Eastman Chemical Company, HELM AG, LyondellBasell Industries N.V., Saudi International Petrochemical Company, Dr. Alexander Wacker Familiengesellschaft mbH & Co. KG, China National Petroleum Corporation, SABIC, and Other Companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Acetyls.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.