GLOBAL ACETYLS MARKET:TRENDS ANALYSIS AND FORECASTS UP TO 2022
The global acetyls market was sized over USD 22
billion in 2015. The global acetyls market is projected
to reach USD XX.XX billion by 2022, growing with a
CAGR of 6.5% to 7.0% from 2016 to 2022. The de-
mand for acetic acid in ester solvents and purified
terephthalic acid manufacturing industries are driving
the growth of global acetyls market. The increase in
the consumption of adhesives in some major indus-
tries is expected to generate the demand for vinyl
acetate monomer.Moreover, the growth in use of
photovoltaic cells is expected to drive further demand
for vinyl acetate monomer. Ethylene vinyl acetate
also finds application in the photovoltaic cell industry
as adhesive for sticking together glass and the elec-
tronic component. The price of the acetic acid in the
global market came down significantly over the past
couple of years, as the supply was greater than de-
mand.The demand for acetyls in industries such as
coatings,dye, food and beverages, paint, and phar-
maceuticals boost the growth of acetyls market. The
emergence of numerous new applications for acetyls
in various end user industries are expected to drive
the growth of acetyls market, during the forecast peri-
od.
The report segments the global acetyls market by
end use applications,products, and region. The end
use applications include food and beverages, furni-
ture, inks, oil &gas, paints, pharmaceuticals, waxes
&coatings and others. On the basis of products, the
market has been segmented into acetic acid, acetic
anhydride, butyl acetate,cellulose acetate, ethyl ace-
tate, ethylene vinyl acetate, monochloroacetic acid,
poly vinyl acetate,poly vinyl alcohol,terephthalic acid,
vinyl acetate monomer and some others.
The report provides regional analysis covering geog-
raphies such as North America, Europe, Asia-Pacific,
and Rest of the World. Asia-Pacific region is the larg-
est as well as the fastest growing acetyls market in
the world. The global acetyls market is driven by in-
crease in consumption of acetyls in developing coun-
tries such as India, China, Malaysia, and some others
in Asia-Pacific region. Adhesives, automobiles, and
electronic industries drive the Asia pacific region with
significant demand for the acetyls. China is the larg-
est consumer, producer and exporter of acetic acid in
the world. Europe is the second largest acetyls mar-
ket as there is huge demand acetyls from various
chemical industries based in Western Eu-
rope.Moreover, the technological collaborations be-
tween European universities and acetyl industry are
expected to provide new opportunities and growth
prospects for global acetyl market during the forecast
period. The methanol industry in North America has
boosted the requirement of shale gas based acetic
acid, as they are less -priced. The technological ad-
vancements and collaborations are expected drive
the growth of North American market, as the feed
stock from certain industries are conducive for acetyls
production. The new acetyls industrial units estab-
lished in Africa are expected to drive the growth of
the market in the region over the forecast period.
Heavy investments in industries such as automotive,
paints and coatings, oil & gas, and pharmaceuticals
in emerging economies in the rest of the world pro-
vide opportunities for major players in the global ace-
tyls market to expand during the forecast period.
The companies covered in the report include: British
Petroleum Plc,Celanese Corporation, DuPont, East-
man Chemical Company,Helm AG, Jubilant Life Sci-
ences,LyondellBasell Industries Holdings BV, Saudi
International Petrochemical Company
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