Global Acetyls Market: Primarily Fuelled by Increasing Demand For Acetyl In Paint and Coatings

 Prerna Shubham

According to the latest report published by Variant Market Research, the global Acetyls market size was valued at $23.1 billion in 2016, and is estimated to reach $39.4 billion by 2024. In this report, the global acetyls market forecast says that the global market is growing at a CAGR of 6.9% from 2016 to 2024.

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Growing need in food & beverage industry to drive the growth of Acetyls market

Increasing demand for acetyl in paint and coatings, increasing R&D projects, and growing need in food & beverage industry are the global acetyls market trend. However, declining demand for solvent borne adhesives may hamper the growth of the market. Moreover, growing application, and increasing application in diverse end-user industry are expected to present potential growth opportunities over the forecast timeframe.

Market Segmentation

Product type, and geography are the major segments considered in the global acetyls market. On the basis of product type the segment consist of acetic anhydride, ethyl acetate, vinyl acetate monomer, acetic acid, and other product types.

Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., and Rest of North America), Europe (Spain, Germany, UK, France, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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Acetic Acid dominated the product type segment with major market share in 2016

Acetic acid held for the majority of the market share in the product type segment, in 2016, owing to expanding textile and packaging industry, and growing adoption of ester solvents coating industry.

Asia-Pacific contributed for the largest market share in the global acetyls market

Asia-Pacific generated the highest revenue accounting for 52.5% of the global acetyls market share in the year 2016, owing to the widespread R&D and presence of various manufacturers for acetyls production the region. Apart from this, Australia and Pakistan are also witnessing a significant demand in the global acetyls market.

RoW is anticipated to achieve the fastest CAGR throughout the forecast period 2016 – 2024, driven by expansion of vinyl acetate monomer and PTA capacities, growth in construction industry, and growth in food & beverage industry.

Competitive Landscape

Key players profiled in the report include The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, BP p.l.c., Wacker Chemie AG, Celanese Corporation, and HELM AG, among others.

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Scope of the Global Acetyls Market

Product Type Segment

  • Acetic Acid
  • Vinyl Acetate Monomer
  • Ethyl Acetate
  • Acetic Anhydride
  • Other Product Types

Geographical Segment

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
  • RoW
    • South America
    • Middle East
    • Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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Category: Sales & Marketing
Posted By: Prerna Shubham and Contact Prerna Shubham

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