Acetyls Market Research Report – Global Forecast till 2027

Acetyls Market: Information by Product Type (Acetic Acid, Acetic Anhydride, Vinyl Acetate, Ethylene Acetate), Application (Food & Beverages, Pharmaceuticals, Oil & Gas, Paints, Inks, & Coatings, Waxes, Furniture), Region — Global Forecast till 2027

ID: MRFR/CnM/6017-HCR | February 2021 | Region: Global | 140 pages

Market Overview


Acetyls are functional group organic compounds with the chemical formula CH3CO. The acetyls are a part of acyl group and are made up of two parts. Just like acyl group, the first part is a carbonyl group, which is made up of a carbon double bonded to an oxygen. The second part is an alkyl group, specifically, methyl group.


The major driver of the global acetyl market is the increasing use of acetyls in enhanced drug delivery. The acetylated compounds provide increased ability to cross the selectively permeable blood-brain barrier. This results in the drug to reach the brain at a faster rate, which increases the effectiveness of the drug. It is an important raw material used for production of medicines such as aspirin, paracetamol, sulfa drugs, and others. The rising geriatric population and the sedentary lifestyle has 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 has led to an increased demand for packaged food, which is expected to fuel the demand for acetyls during the review period. Furthermore, the use of acetylated products in extraction of oil & gas is another major factor fueling the growth of the global acetyls market.


However, the acetyls are used in production of solvent-borne adhesives, which is a restraining factor for this market due to the high VOC content of such adhesives. 


Global Acetyls Market, by Application (%)


Acetyls Market


Source: MRFR Analysis


Regional Analysis


The global acetyls market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


The market in Asia-Pacific dominated the global acetyls market in 2017 on account of the increasing demand for product in the food & beverage and pharmaceuticals application. Furthermore, the rising geriatric population coupled with the affordability of generic drugs is expected to fuel the demand in the region. Moreover, the growth of paints & coatings industries in countries such as India, China, Thailand, and Malaysia coupled with the high demand for paints & coatings in complimentary end-use industries such as automotive, construction, electronics, ship-building, and aerospace is projected to drive the market growth. 


The market in Europe and North America is expected to witness significant growth during the forecast period, on account of the high demand for acetyls in paints & coatings, food & beverage, and pharmaceuticals industries.


The growth in Middle East & Africa region can be attributed to the increased oil & gas exploration activities in countries such as GCC, UAE, and others.


Segmentation


The global acetyls market has been segmented on the basis of product type, application, and region.


Based on product type, the market has been segmented into acetic acid, acetic anhydride, vinyl acetate, ethylene acetate, and others.


By application, the market has been segmented into food & beverages, pharmaceuticals, oil & gas, paints, inks, & coatings, waxes, furniture, and others.


Key Players


Some of the manufacturers operating in the global acetyls market are 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).


Intended Audience



  • Acetyls manufacturers

  • Traders and distributors of acetyls

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR   2019–2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors    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).
  Key Market Opportunities   The rising disposable income and the high working population has led to an increased demand for packaged food, which is expected to fuel the demand.
  Key Market Drivers   The major driver of the global acetyl market is the increasing use of acetyls in enhanced drug delivery.


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Frequently Asked Questions (FAQ) :


Asia Pacific will dominate the acetyls market.

Some of the major applications of acetyls include furniture, waxes, inks and coatings, food and beverages, and others.

Increasing use in pharmaceuticals and food & beverage industry are boosting market growth.

High VOC content may limit market growth.

Different strategies incorporated by industry players to create a foothold in the acetyls market include mergers and acquisitions, R&D, product launches, and others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Use

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Market Dynamics of Global Acetyls Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Trends/Technology

6. Global Acetyls Market, by Product Type

6.1 Introduction

6.2 Acetic Acid

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Acetic Anhydride

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Vinyl Acetate

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.5 Ethylene Acetate

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Others

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

7. Global Acetyls Market, by Application

7.1 Introduction

7.2 Food & Beverage

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Region, 2020-2027

7.3 Pharmaceuticals

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Oil & Gas

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Paints, Inks, and Coatings

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Waxes

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

7.7 Furniture

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast, by Region, 2020-2027

7.8 Others

7.8.1 Market Estimates & Forecast, 2020-2027

7.8.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Acetyls Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.3 Market Estimates & Forecast, by Application, 2020-2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast, by Product Type,2020-2027

8.3.9.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020-2027

8.3.10.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.10.3 Market Estimates & Forecast, by Application, 2020-2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020-2027

8.3.11.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.3.11.3 Market Estimates & Forecast, by Application, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.4.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.7.3 Market Estimates & Forecast, by Application, 2020-2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020-2027

8.5.8.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.5.8.3 Market Estimates & Forecast, by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.4.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.5.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.6.3 Market Estimates & Forecast, by Application, 2020-2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020-2027

8.6.7.2 Market Estimates & Forecast, by Product Type, 2020-2027

8.6.7.3 Market Estimates & Forecast, by Application, 2020-2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 BP p.l.c.

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Strategy

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 Celanese Corporation

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Strategy

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Daicel Corporation

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Strategy

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Eastman Chemical Company

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Strategy

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 HELM AG

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Strategy

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 LyondellBasell Industries Holdings B.V.

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Strategy

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Wacker Chemie AG

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Strategy

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 DowDuPont

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Strategy

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 Kanoria Chemicals & Industries Ltd.

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Strategy

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Laxmi Organic Industries Ltd.

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Strategy

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 Sipchem

10.11.1 Company Overview

10.11.2 Financial Updates

10.11.3 Product/Business Segment Overview

10.11.4 Strategy

10.11.5 Key Developments

10.11.6 SWOT Analysis

11. Conclusion

LIST OF TABLES

Table 1 Global Acetyls Market: by Region, 2020-2027

Table 2 North America: Acetyls Market, by Country, 2020-2027

Table 3 Europe: Acetyls Market, by Country, 2020-2027

Table 4 Asia-Pacific: Acetyls Market. by Country, 2020-2027

Table 5 Middle East & Africa: Acetyls Market, by Country, 2020-2027

Table 6 Latin America: Acetyls Market, by Country, 2020-2027

Table 7 Global Acetyls Product Type Market, by Regions, 2020-2027

Table 8 North America: Acetyls Product Type Market, by Country, 2020-2027

Table 9 Europe: Acetyls Product Type Market, by Country, 2020-2027

Table10 Asia-Pacific: Acetyls Product Type Market, by Country, 2020-2027

Table11 Middle East & Africa: Acetyls Product Type Market, by Country, 2020-2027

Table12 Latin America: Acetyls Product Type Market, by Country, 2020-2027

Table 13 Global Acetyls Application Market, by Regions, 2020-2027

Table14 North America: Acetyls Application Market, by Country, 2020-2027

Table15 Europe: Acetyls Application Market, by Country, 2020-2027

Table16 Asia-Pacific: Acetyls Application Market, by Country, 2020-2027

Table17 Middle East & Africa: Acetyls Application Market, by Country, 2020-2027

Table18 Latin America: Acetyls by Application Market, by Country, 2016-2023

Table19 Global Product Type Market, by Region, 2020-2027

Table20 Global Application Market, by Region, 2020-2027

Table21 North America: Acetyls Market, by Country, 2020-2027

Table22 North America: Acetyls Market, by Product Type, 2020-2027

Table23 North America: Acetyls Market, by Application, 2020-2027

Table24 Europe: Acetyls Market, by Country, 2020-2027

Table25 Europe: Acetyls Market, by Product Type, 2020-2027

Table26 Europe: Acetyls Market, by Application, 2020-2027

Table27 Asia-Pacific: Acetyls Market, by Country, 2020-2027

Table28 Asia-Pacific: Acetyls Market, by Product Type, 2020-2027

Table29 Asia-Pacific: Acetyls Market, by Application, 2020-2027

Table30 Middle East & Africa: Acetyls Market, by Country, 2020-2027

Table31 Middle East & Africa: Acetyls Market, by Product Type, 2020-2027

Table32 Middle East & Africa: Acetyls Market, by Application, 2020-2027

Table33 Latin America: Acetyls Market, by Country, 2020-2027

Table34 Latin America: Acetyls Market, by Product Type, 2020-2027

Table35 Latin America: Acetyls Market, by Application, 2020-2027

LIST OF FIGURES

FIGURE 1 Global Acetyls Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Acetyls Market

FIGURE 4 Value Chain of Global Acetyls Market

FIGURE 5 Share of Global Acetyls Market in 2020, by Country

FIGURE 6 Global Acetyls Market, 2020-2027,

FIGURE 7 Global Acetyls Market Size, by Product Type, 2020

FIGURE 8 Share of Global Acetyls Market, by Product Type, 2020-2027

FIGURE 9 Global Acetyls Market Size, by Application, 2020

FIGURE10 Share of Global Acetyls Market, by Application, 2020-2027