Global Acetyl Market - Segmented by Product Type, End-User Industry, and Geography – Growth, Trends and Forecasts (2016 - 2021)
The market has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2022, at a CAGR of XX% during the forecast period, 2017 to 2022.
Acetyl is a functional group of the organic compound which contains a methyl group single-bonded to a carbonyl. It is used as an intermediary in various applications such as modified starches, solvents, adhesives, paints, emulsifiers, pain-relief medicines and numerous other applications.
The increasing use of acetyl as a raw material in paints, adhesives, coatings and in the colorants industry, along with the increased application in enhanced drug delivery, and growing application in the food and beverage industry are expected to drive the acetyl market through the forecast period. However, the declining consumption of solvent borne adhesives will act as a roadblock to the growth of the global acetyl market.
The global acetyl market, by product type, is broadly segmented into acetic acid, acetic anhydride, vinyl acetate, ethylene acetate, and other acetyls. In 2015, acetic acid comprised the major market share, accounting for around XX% of the global market. The global acetyl market has been further segmented, based on its end-user industries, into food & beverage, oil & gas, pharmaceutical, paints & coatings, inks & waxes, furniture and other end-user industries.
The market has also been geographically segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In 2015, Asia-Pacific dominated the global acetyl market, accounting for about XX% of the global market share. The increasing use of acetyl in the food & beverage and oil & gas industries, coupled with the ongoing research and development on acetyl, is opening a gateway to opportunities for various novel applications in the global acetyl market. Globally, there are around XX suppliers competing in the sector with the top five suppliers accounting for almost XX% of the overall market.
Some of the major companies dominating this market for its products, services, and continuous product development, include:
BP Global Celanese Corp. Chloritech Industries LyondellBasell Industries Holdings B.V. The Dow Chemical Co. Wacker Chemie AG Key Deliverables in the Study
Market analysis for the global acetyl market, with region-specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global acetyl market on both, global and regional scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.