The Acetyls Market was valued at US$ 25.8 Bn in 2021. The Global Acetyls Market size is estimated to grow at a CAGR of 6.3% over the forecast period.
Acetyls Market Overview:Acetyls or acyls are functional groups of organic compounds with the chemical formula CH3CO. An acyl compound contains a carbonyl center with a single methyl group attached. The carbonyl center of an acyl compound has one unbonded electron that forms chemical bonds with alkyl groups. It is often referred to as the acetyl moiety and is found in acetic acid, acetylcholine, acetyl-CoA, acetylcysteine, acetylsalicylic acid, etc. During the acetylation process, an acetyl group is introduced into a molecule. Acetyl groups are used to modify histones and proteins. The Acetyls market analyzes and forecasts the market size, in terms of value, for the market. Further, the Acetyls Market is segmented by Type, Application, Deployment, and Region. Based on Type, the Acetyls market is segmented under Vinyl Acetate Monomer, Acetic Anhydride, Acetic Acid, Ethyl Acetate, and Others. Based on the Application, the market is segmented under the Paints & Inks, Food & Beverages, Pharmaceuticals, Furniture, Oil & Gas, and Others. The market sizing and forecasts have been done for each segment based on value (in USD Billion). To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Acetyls Market Dynamics:Acetyls are increasingly being used in the development of drugs due to their ability to overcome the permeable blood-brain barrier, which, in turn, increases the effectiveness of drugs, which is the major factor driving the market's growth. Other factors driving market growth include the growing geriatric population, the prevalence of diseases, as well as changing lifestyles. Also, the growing demand for acetyls in the pharmaceutical, food, and beverage industries has a positive impact on market growth. Researchers are working on several types of research to prove the anti-radiation properties of acetyl drugs. The development of an acetyl-based drug may be able to reduce and eliminate radiation from the body of a patient who has undergone chemotherapy. The potential application of acetyls as anti-radiation drugs has sparked several research and development activities in recent years. This research and development are one of the major factors driving the global acetyls market during the forecast period. Acetyl price fluctuations and the declining demand for solvent-based adhesives are expected to hamper the market's growth. In addition, the decline in demand for solvent-based adhesives is expected to hamper the growth of the acetyl industry in the forecast period.
Acetyls Market COVID-19 Insights:In the fourth quarter of 2020, the global acetyls market has seen its share of ups and downs due to COVID-19. China's acetyls markets declined in the first quarter during COVID-19 but recovered to a certain extent once the country emerged from its strict lockdown rules later in Q2. Demand for acetyls in North America and Europe was strong during Q1 and continued steadily in April. China has seen some price recovery, but levels are still uncomfortably high for producers, with most barely generating positive margins for long periods this year. In Asia, the effects of COVID-19 are still being felt across the entire acetic acid market as more lockdowns have been implemented.
Acetyls Market Segment Analysis:Based on Type, the Acetyls Market is segmented into Vinyl Acetate Monomer, Acetic Anhydride, Acetic Acid, Ethyl Acetate, and Others. Acetic Acid had the highest market share in 2021, and it will boost the Acetyls market growth during the forecast period. In many industrial processes, acetic acid is used to produce substrates. It is also used as a chemical reagent to produce several compounds such as acetic anhydride, ester, vinyl acetate monomer, vinegar, and many other polymeric materials. In addition to being used for cervical cancer screening and infection treatment, it is also used for a variety of other purposes, such as used for cleaning, laundry, cooking, and many other household uses. Farmers spray acetic acid on livestock silage to prevent bacterial growth and fungal growth. As well as these uses, acetic acid is also used in the manufacture of inks and dyes and for the production of perfumes. It is also used in the production of rubber and plastics. As of 2020, Acetic acid was the most traded product in the world, with a total trade value of $1.48Bn. Between 2019 and 2020, Acetic acid exports decreased by -15.1%, from $1.74Bn to $1.48Bn. Based on Application, the Acetyls Market is segmented into Paints & Inks, Food & Beverages, Pharmaceuticals, Furniture, Oil & Gas, and Others. The Food & Beverage segment had the highest market share in 2021. Acetyls are used most commonly in commercial pickling operations and condiments such as mayonnaise, mustard, and ketchup. It is also used to season a variety of food items such as salads. It is also used as a sour agent, which is added to vinegar, and it is one of the raw materials which is added for making spices. It is used in food and beverages industries to keep maintain the pH level of foods, enhance the taste and extend the shelf-life of the product or food. The Pharmaceutical segment is expected to be the fastest-growing segment during the forecast period. In the pharmaceutical industry, acetyl is used for a variety of applications, including paracetamols, pain killers, and relievers. The demand for acetyl has constantly been increasing due to the significant rise in demand for such medications. This is primarily because of changing lifestyles and food habits of people. Moreover, acetyls enhance drug delivery systems, which make them highly preferred in the healthcare sector, thus driving the Acetyl market.
Acetyls Market Regional Insights:The Asia Pacific region held the largest market share in 2021. Acetic acid is produced and consumed in the largest quantities in China. The consumption levels of acetic acid are expected to rise because of the increasing demand from end-user industries such as the medical, food, and beverage industry, paints, and coatings industries. In addition, the pharmaceutical industry is expected to increase further in the region, which will further boost the acetyl market during the forecast period. The objective of the report is to present a comprehensive analysis of the global Acetyls Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, 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 analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Acetyls Market dynamic and structure by analyzing the market segments and projecting the Acetyls Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Acetyls Market make the report investor’s guide.
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Global Acetyls Market Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 25.8 Bn. Forecast Period 2022 to 2027 CAGR: 6.3% Market Size in 2027: US $ 37.2 Bn. Segments Covered: by Type • Vinyl Acetate Monomer • Acetyl Anhydride • Acetic Acid • Ethyl Acetate • Others by Application • Paints & Inks • Food & Beverages • Pharmaceuticals • Furniture • Oil & Gas • Others
Acetyls Market by Region:• North America • Europe • Asia Pacific • Middle East and Africa • South America
Acetyls Market Key Players:• China National Petroleum Corporation • Saudi International Petrochemical Company • LyondellBasell Industries Holdings B.V • Celanese Corporation • Daicel Corporation • Eastman Chemical Company • HELM AG • Wacker Chemie AG • DowDuPont • Kanoria Chemicals & Industries Ltd • Laxmi Organic Industries Ltd • Sipchem • BP • SABIC Frequently Asked Questions: 1. What is the study period of the market? Ans. The Global Acetyls Market is studied from 2017-2027. 2. What is the growth rate of the Acetyls Market? Ans. The Global Acetyls Market is growing at a CAGR of 6.3% over the forecast period. 3. Which region has largest share in The Global Acetyls Market in 2021? Ans. Asia Pacific holds the largest market share in 2021. 4. What is the Global Acetyls Market segment based on Type? Ans. Based on Type, The Global Acetyls Market is divided into Vinyl Acetate Monomer, Acetic Anhydride, Acetic Acid, Ethyl Acetate, and Others. 5. Who are the key players in the Global Acetyls Market? Ans, China National Petroleum Corporation, Saudi International Petrochemical Company, LyondellBasell Industries Holdings B.V, Celanese Corporation, Daicel Corporation, Eastman Chemical Company, HELM AG, Wacker Chemie AG, DowDuPont, Kanoria Chemicals & Industries Ltd, Laxmi Organic Industries Ltd, Sipchem, BP, and SABIC.
1. Global Acetyls Market Size: Research Methodology 2. Global Acetyls Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Acetyls Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Acetyls Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Acetyls Market Size Segmentation 4.1. Global Acetyls Market Size, by Type (2021-2027) • Vinyl Acetate Monomer • Acetic Anhydride • Acetic Acid • Ethyl Acetate • Others 4.2. Global Acetyls Market Size, by Application (2021-2027) • Paints & Inks • Food & Beverages • Pharmaceuticals • Furniture • Oil & Gas • Others 5. North America Acetyls Market (2021-2027) 5.1. North America Acetyls Market Size, by Type (2021-2027) • Vinyl Acetate Monomer • Acetic Anhydride • Acetic Acid • Ethyl Acetate • Others 5.2. North America Acetyls Market Size by Application (2021-2027) • Paints & Inks • Food & Beverages • Pharmaceuticals • Furniture • Oil & Gas • Others 5.3. North America Acetyls Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Acetyls Market (2021-2027) 6.1. European Acetyls Market, by Type (2021-2027) 6.2. European Acetyls Market, by Application (2021-2027) 6.3. European Acetyls Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Acetyls Market (2021-2027) 7.1. Asia Pacific Acetyls Market, by Type (2021-2027) 7.2. Asia Pacific Acetyls Market, by Application (2021-2027) 7.3. Asia Pacific Acetyls Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Acetyls Market (2021-2027) 8.1. Middle East and Africa Acetyls Market, by Type (2021-2027) 8.2. Middle East and Africa Acetyls Market, by Application (2021-2027) 8.3. Middle East and Africa Acetyls Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Acetyls Market (2021-2027) 9.1. South America Acetyls Market, by Type (2021-2027) 9.2. South America Acetyls Market, by Application (2021-2027) 9.3. South America Acetyls Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. China National Petroleum Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Saudi National Petrochemical Company 10.3. LyondellBasell Industries Holdings B.V 10.4. Celanese Corporation 10.5. Daicel Corporation 10.6. Eastman Chemical Company 10.7. HELM AG 10.8. Wacker Chemie AG 10.9. DowDuPont 10.10. Kanoria Chemicals & Industries Ltd 10.11. Laxmi Organic Industries Ltd 10.12. Sipchem 10.13. BP 10.14. SABIC