Acetyls Market Trends 2020: Global Opportunities, Regional Overview, Top Leaders, Size, Revenue and Forecast up to 2020 – 2027
Market Overview
The global acetyls market is expected to witness a
significant growth during the forecast period owing to the wide scope of
application. The market is primarily driven by the use of acetylated products
in pharmaceuticals for producing medicines such as paracetamol and aspirin.
Additionally, the use of these products in food & beverage industry as a
flavoring agent and preservative is another factor driving the demand for
acetyls.
Market Segmentation
The global acetyls market has been segmented by product type,
application, and region.
By product type, the market is segmented into acetic acid,
acetic anhydride, vinyl acetate, ethylene acetate, and others. Among these,
acetic acid dominated the market in 2017 owing to its extensive use in food
& beverage application as flavor enhancer, flavoring agent, an acidifier,
color diluent, curing agent, pickling agent, pH control agent, solvent, and
preservative. Furthermore, it is used as a boiler water additive, suitable for
steam that contacts food. It is also an effective means of cleaning and
sanitizing food preparation equipment and utensils.
Based on application, the market has been segmented into food
& beverages, pharmaceuticals, oil & gas, paints, inks, & coatings,
waxes, furniture, and others. The rise in working population and the high
disposable income of the consumers has resulted in an increased demand for
ready-to-eat food, which is expected to drive the market growth. Moreover, the
rising demand for generic drugs on the backdrop of increasing geriatric population
and sedentary lifestyle of younger generation propels the demand for acetyls in
pharmaceuticals application.
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
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Regional Analysis
Regionally, the global market has been segmented into five
regions, namely, Asia-Pacific, North America, Europe, Latin America, and the
Middle East & Africa.
Asia-Pacific accounted for the largest market share in 2017
owing to the high demand for acetyls in food & beverage, pharmaceuticals,
and paints & coatings industries. Major contributing countries to this
market include China, India, Thailand, and Malaysia. The high disposable per
capita income and the rise in working population is a major driver of the
market growth in the region.
The high demand for acetyls in paints & coatings, food
& beverage, and pharmaceuticals industries is expected to drive the market
in the European and North American region.
Competitive
Analysis
Some of the prominent players 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).
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