About Acetyls
Acetyl refers to a functional group with the chemical formula -COCH3 It is commonly represented by the symbol Ac and sometimes called ethanoyl. The groups are often introduced into molecules through a process called acetylation, where they are transferred from acetyl-CoA, a key intermediate in metabolism. Acetyl products ultimately supply products used by a range of end markets, from the construction industry through to the agricultural sector. This acetyl is polyester fiber, which is used in many of the clothes that we wear every day. Acetyls also support a wide range of downstream industries in food flavoring and preservation, pharmaceuticals, paints, adhesives and packaging. The acetyls market is a dynamic and growing industry with a bright future. By focusing on innovation, sustainability, and market expansion, the industry can continue to thrive and provide valuable products for a wide range of applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Acetyl market offers immense potential for growth and innovation by increasing the demand across various industries. However, industry participants need to navigate through the various challenges such as volatile raw material prices and stringent regulations. By leveraging market insights, identifying growth segments, and adopting strategic initiatives, stallholders can capitalize on the opportunities presented by acetyls market and achieve long term success. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Acetyls market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Celanese Corporation (United States), BASF SE (Germany), Dow (United States), LyondellBasell Industries NV (Netherland), Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Wanhua Chemical Group Co., Ltd. (China), Sabic (Saudi Arabia), Sinopec (China) and Ineos (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Covestro AG (Germany), Toray Industries, Inc. (Japan), Eastman Chemical Company (United States), Linde plc (Ireland) and Hanwha Chemical Corporation (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Acetyls market by Type (Acetic Acid, Vinyl Acetate Monomer, Ethyl Acetate, Acetic Anhydride, Formaldehyde, Acetone and Other), Application (Paint & Coatings, Adhesive, Textiles, Building & Construction products and Others) and Region.
On the basis of geography, the market of Acetyls has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade, the sub-segment i.e. Industrial will boost the Acetyls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Chemicals will boost the Acetyls market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing inclination towards sustainable products derived from acetyl.
Market Growth Drivers:
Rising demand for sustainable and eco-friendly products and Growing production of Acetone production in Chemical industry
Challenges:
Fluctuation prices of raw materials
Restraints:
Increasingly stringent environmental regulations
Opportunities:
Innovation in Production Processes and Increasing demand for derivatives
Market Leaders and their expansionary development strategies
In September 2023, INEOS has signed an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600kt Acetic Acid plant and all associated third party activities on the site, Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term supply agreement for vinyl acetate monomer. This deal was a significant development in the acetyl market and had implications for both companies and the industry as a whole.
In May 2023, Evonik launches EPA-registered VIGOROX Trident for water quality control in aquaculture. This peracetic acid-based product is designed to combat pathogens in water, improving water quality in recirculating aquaculture systems (RAS) and ponds.
Key Target Audience
Chemical Industry, Potential Investors, Manufacturers, Government & Regulation Bodies, Research & Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.