Infinium Global Research has recently published a trending report on “Acetyls Market (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, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025”. The report finds that the market is projected to grow at a CAGR of 6.8% over the forecast period of 2019-2025.
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Acetyls Market: Drivers and Restraints
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. Some of the factors propelling the growth of the market include increasing demand of acetyls in industries such as coatings, dye, food and beverages, paint and pharmaceuticals and the demand for acetic acid in ester solvents and purified terephthalic acid manufacturing industries. However, the decline in the demand for solvent-based adhesives is expected to be a restraint for the acetyls market. Despite the headwinds, the market is expected to generate substantial demand opportunities due to the emergence of numerous new applications for acetyls in various end-user industries.
Acetyls Market: Segmentation
The report gives an in-depth analysis of the global acetyls market focuses on opportunities along with the trends driving the market. The report on global acetyls market covers segments such as product and application.
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Based on the product, the sub-markets include acetic acid, acetic anhydride, butyl acetate, cellulose acetate, ethyl acetate, polyvinyl acetate and other products. Acetic acid is expected to maintain its dominance over the forecast period due to the growing adoption of ester solvents in the coating industry and expanding textile and packaging industry. There has also been a substantial growth in the number of general health issues, over the years, such as fever, cough and cold, body pains, nausea, etc. that has led to increasing in demand for drugs, like aspirin and paracetamol which in turn is expected to increase the demand of acetyls market. Based on the application, the sub-markets include food and beverages, furniture, inks, oil & gas, paints, pharmaceuticals, waxes and coatings and other applications.
Acetyls Market: Competitive Landscape
The changes in business structure, plans and policies and emerging players are analyzed in detail in this report. The major players in this market are 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. Celanese Corporation (NYSE: CE), a global chemical and speciality materials company, announced ethyl acetate price hike in Europe in August 2019. In June 2019, Eastman Chemical Company (NYSE: EMN) announced that it has entered into a definitive agreement to acquire Industrias del Acetato de Celulosa S.A. (INACSA), a Spanish producer of cellulosic yarn. The INACSA yarn business and assets are expected to support the continued growth of Naia™ cellulosic yarn for the apparel market and will become part of the global Fibers segment supply base.
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Acetyls Market: Regional Analysis
Asia-Pacific the region is the largest as well as the fastest-growing region in the global acetyls market. The market in this region is mainly driven by an increase in consumption of acetyls in developing countries such as Malaysia, India, China, and several other Asian countries. Adhesives, automobiles and electronics industries drive the Asia –Pacific acetyls market with significant demand for the acetyls. Europe is the second-largest acetyls market as there are huge demand acetyls from various chemical industries based in Western Europe. In North America, 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.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the acetyls.
- Complete coverage of all the product type and applications 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.
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