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