Global Acetyls Market- Industry Analysis and Forecast

The global acetyls market was valued at US$ 3.84 Bn and is expected to reach US$ X.8 Bn by 2027, at a CAGR of 7.8% during a forecast period. Bending interest toward introduction and adoption of attractive color in the food industry is covering major demand for the acetyls market.

Market Definition:

Acetyls are derivative of acetic acid with the chemical formula CH3CO. The acetyls are a part of acyl group mainly composed of two parts where first half contains carbonyl group, which is made up of a carbon double bonded to an oxygen and remaining part is an alkyl group, precisely, methyl group.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

Market Drivers and Restraints:

Constant advances in the synthesis of acetyls is helping the market to expand in terms of value and volume. It is a good chemical used in the food and beverages so as to enhance the quality and taste of the end product, colorant type, acidifying intensity and features, related to acetyls is boosting the market growth as these fields are showing unbeatable growth will reward numerous opportunity for the market growth. Furthermore, escalation in the growth of pharmaceutical industries owing to the huge investment by the manufacturer with the governmental support helping the targeted market to grow. It is widely used in the production of paracetamol, salicylic acid, sulfa drugs, and others. As acetyls drug have ability to cross BBB (blood bran barrier) hence, enhance the effectiveness of main drug. Growth in the geriatric population is leading to health issues like mild to moderate for example, body pain, cold & cough, nausea and fever; thus, gaining huge response from the manufacturers of such medicines, considered as a driving factor for the market in pharmaceutical sector.

Also, the augmentation in the demand for printing inks across the globe is noteworthy, mostly in packaging industries since several packaging manufacturers are spotting several revolutions, particularly by food packagers, toys, consumer goods, electronic goods, pharmaceuticals, cosmetics, chemicals and personal care are boosting the market growth. Additionally, noticeable growth by global construction and building industry is projected to boost demand for paints and coatings. Further, food industries where acetyls are used include mayonnaise, sauces, mustard, canned fruits, marinades, and salad dressings and vinaigrettes. It is similarly used in cheese, meat, milk, and poultry products. The growing working population together with huge disposable income is the main reason behind changed and advanced lifestyle and thus, boosting the demand for packed food. Applications which helps to improve the quality of food is estimated to boost the global acetyls market in the coming years.

Growth of the manufacturing sector and production unit in emergent economies such as India, China, Brazil, and other countries is expected to show significant growth of the acetyls market in the coming years.

Conversely, noticeable variation in the raw material price with major drop in crude oil market is expected to pull the market growth during the forecast timespan.

Acetyls Market Segment analysis:

By End-User of Acetyls, food and beverages sector was the highest driving segment, accounting for over 45% of the market share in 2019. Meat, fruits, dairy product and other food manufacturing, industry is constantly recording significant growth owing to increasing demand from developing countries such as India and China. Furthermore, rising consumption of packed food with good quality after long storage of the end product is considered as major drivers for global acetyls from food and beverages sector worldwide owing to increasing adoption will boost the market growth. On the other hand, new technology and advancement will also boost the market growth. Additionally, the growth in food flavour and color diluents producing industries are demanding for the product on a large scale thus showing positive impact on market growth, resulting in change in lifestyle and high requirement to make food attractive to attract the consumer is leading the market growth.

Acetyls Market Regional Analysis:

Regionally, Asia Pacific is expected to dominate the acetyls market and is expected to grow at a CAGR of X.35 % during the forecast period. Developing regions like India, China, and Brazil are considered major contributors for the acetyls market growth in the Asia Pacific region. In 2019 market size was valued US$ XX Bn while in China, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in coming years. Furthermore, as this region is considered as manufacturing hotspot such as, paints and coatings, medicines, flavors and printing inks is projected to boost the market growth during the forecasted period.

Europe is the second-largest market for acetyls because growing demand for Acetyls in paints and coatings application in developing oil and gas, furniture and wax industries are anticipated to considerably boost the acetyls market in the Europe region.

The objective of the report is to present a comprehensive analysis of the Global Acetyls Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Acetyls Market dynamics, structure by analysing the market segments and project the Global Acetyls Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Acetyls Market make the report investor’s guide.
Scope of Acetyls Market

Global Acetyls Market, By Type

• Vinyl Acetate Monomer
• Acetic Anhydride
• Acetic Acid
• Ethyl Acetate
• Other
Global Acetyls Market, By Application

• Paints, Inks, Waxes & Coatings
• Food & Beverages
• Pharmaceutical
• Furniture
• Oil & Gas
• Other
Global Acetyls Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Acetyls Market,

• Dr. Alexander Wacker Familiengesellschaft mbH & Co. KG
• China National Petroleum Corporation
• Saudi International Petrochemical Company
• LyondellBasell Industries Holdings B.V
• Celanese Corporation
• Daicel Corporation
• Eastman Chemical Company
• Wacker Chemie AG
• DowDuPont
• Kanoria Chemicals & Industries Ltd
• Laxmi Organic Industries Ltd
• Sipchem
• BP

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