Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Acetyls Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.9% during the review period (2022 to 2027).
Acetyls Market Overview
The main driver of the global acetyl market is the growing use of acetyls in enhanced drug delivery. The acetylated compounds provide enlarged ability to cross the selectively permeable blood-brain barrier. This results in the drug to reach the brain at a faster rate, which raises the effectiveness of the drug. It is a vital raw material used for production of medicines such as aspirin, paracetamol, sulfa drugs, and others. The increasing geriatric population and the sedentary lifestyle have led to an increased number of generic health issues, such as fever, cough and cold, body pains, and nausea. This, in turn, drives the demand for acetyl in pharmaceuticals application.The use of acetic acid in food & beverage as a flavor enhancer, flavoring agent, an acidifier, color diluent, curing agent, pickling agent, pH control agent, solvent, and preservative. It is used as a food ingredient in marinades, mustard, catsup, vinaigrettes and salad dressings, sauces, canned fruits, and mayonnaise. It is also used in meat, poultry, milk, and cheese products. The rising disposable income and the high working population have led to an increased demand for packaged food, which is anticipated to fuel the demand for acetyls during the review period 2022-2027. Furthermore, the use of acetylated products in extraction of oil & gas is another major factor fueling the growth of the global acetyls market.
Industry Developments:
Laxmi Organic Industries completes acquisition of Acetyls Holding
October 1, 2021: Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021.
Who are the Major Players in Acetyls Market?
The Acetyls Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes BP p.l.c. (Europe), Celanese Corporation (US), Daicel Corporation (Japan), Eastman Chemical Company (US), HELM AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Wacker Chemie AG (Germany), DowDuPont (US), Kanoria Chemicals & Industries Ltd. (India), Laxmi Organic Industries Ltd. (India), and Sipchem (Saudi Arabia). and others.
What are the major Applications, Types and Regions for Acetyls Market?
Acetyls Market is segmented based on the Types, applications, End users, companies and regions.
Global Acetyls Market, by Product Types
- Acetic Acid
- Acetic Anhydride
- Vinyl Acetate
- Ethylene Acetate
- Other Acetyls
Global Acetyls Market, by material Application
- Food & Beverages
- Oil & Gas
- Pharmaceutical
- Paints, Inks, Waxes & Coatings
- Furniture
- Other End User Industries
Acetyls Market Regional Analysis
Asia-Pacific dominated the global acetyls market with the largest market share of 50% in previous year; China is predictable to be the largest consumer of acetyls in the region. Growing demand from the paints and coatings industry, increasing consumption of adhesives in the furniture and construction industry, and growth of the textile and packaging industry are some of the major driving factors for the acetyls market. Additionally, the huge size of chemical industries of economies in Asia-Pacific drives significant demand for acetyls.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Acetyls Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 5.9% during the review period (2022 to 2027).
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By Types
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- Acetic Acid
- Acetic Anhydride
- Vinyl Acetate
- Ethylene Acetate
- Other Acetyls
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By Application
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- Food & Beverages
- Oil & Gas
- Pharmaceutical
- Paints, Inks, Waxes & Coatings
- Furniture
- Other End User Industries
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By Companies
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BP p.l.c. (Europe), Celanese Corporation (US), Daicel Corporation (Japan), Eastman Chemical Company (US), HELM AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Wacker Chemie AG (Germany), DowDuPont (US), Kanoria Chemicals & Industries Ltd. (India), Laxmi Organic Industries Ltd. (India), and Sipchem (Saudi Arabia).
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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91
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Acetyls Report
- Evaluate Acetyls market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Acetyls market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
- It further investigates the specifics that are positively impacting the profit graph of this business sphere.
- The study also elaborates the critical factors which will augment the commercial terrain of the Acetyls market.
Frequently Asked Questions
What is the study period of this market?
The Acetyls Market is studied from 2017 - 2027.
What is the growth rate of Acetyls Market?
The Acetyls Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the leading key players in Acetyls Market?
BP p.l.c. (Europe), Celanese Corporation (US), Daicel Corporation (Japan), Eastman Chemical Company (US), HELM AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Wacker Chemie AG (Germany), DowDuPont (US), Kanoria Chemicals & Industries Ltd. (India), Laxmi Organic Industries Ltd. (India), and Sipchem (Saudi Arabia).
What regions regions does this Acetyls Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Acetyls Market?
Acetic Acid, Acetic Anhydride, Vinyl Acetate, Ethylene Acetate, Other Acetyls
What are the significant applications of Acetyls Market?
Food & Beverages, Oil & Gas, Pharmaceutical, Paints, Inks, Waxes & Coatings, Furniture, Other End User Industries
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
