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.
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.
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.
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.
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.
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