This report provides exclusive insights into the COVID-19 impact on the Acetyls Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Acetyls Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Acetyls Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent
report published by Infinium Global Research on acetyls market provides
in-depth analysis of segments and sub-segments in the global as well as
regional acetyls market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional acetyls market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of global acetyls market. According to
the report, the global acetyls market is projected to grow at a CAGR of 6.8%
over the forecast period of 2019-2025.
Market
Insight
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 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 boost 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 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. The Asia Pacific acetyls market is driven by an increase in
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
acetyl industry is expected to provide new opportunities and growth prospects
for 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.

Segment
Covered
The 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.
Companies
Profiled:
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.
Report
Highlights:
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of acetyls market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.