Market Overview:
The global acetyl market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for acetyl in various applications such as food & beverages, oil & gas, pharmaceuticals, paints and coatings, furniture, and others. In addition, the growing demand for vinyl acetate across different industries is also contributing to the growth of the global acetyl market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
A molecule of acetyl is composed of one carbon atom and two hydrogen atoms. It is a derivative of acetic acid, which is the sour-tasting compound found in vinegar. Acetyl groups are often attached to other molecules to form functional groups, such as acetylcholine, which plays an important role in the nervous system.
Acetic Acid:
Acetic acid is a chemical compound with the formula (HCOH)2. It has a pungent odor similar to vinegar and is clear in color. The crystals produced from this acid are used as an important reagent for identifying and measuring compounds in biological fluids such as urine, blood, saliva, and sweat.
Acetic Anhydride:
Acetic anhydride is a chemical compound which is primarily used in the production of acetyl. It can also be used as a reagent for the synthesis of other compounds. Acetic anhydride has applications in many industries such as pharmaceuticals, chemicals, and biotechnology among others.
Application Insights:
The food and beverages segment dominated the global acetyl market in 2017, accounting for over 55% of the overall revenue share. The growth can be attributed to increasing demand for packaged foods such as snacks and ready-to-eat meals, which are manufactured using high-acetyl content vinegar. Acetylation process is used to enhance the flavor of food products while reducing acid content.
Vinegar is a natural product containing acetic acid that has wide applications in several industries including pharmaceuticals, paints & coatings, and other sectors like wood preservation or leather aging. In terms of volume consumption globally winegrape juice contains about 4% acetic acid which enables it to be considered an important source material for vinegar production worldwide (excluding China).
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 45.0% in 2017. The region is expected to witness significant growth on account of increasing product demand from various end-use industries, such as food and beverages, pharmaceuticals, paints and coatings, automotive sector coupled with rapid industrialization and urbanization in the emerging countries including China India Japan South Korea Indonesia Thailand Vietnam Malaysia Philippines Pakistan Bangladesh etc.
The growing population coupled with rising disposable income has resulted in increased consumption across Asia Pacific which is projected to drive the regional market over the forecast period. In addition, favorable government policies aimed at promoting investments from domestic as well as foreign companies are also anticipated to boost industry expansion thereby driving growth across this region.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, cosmetics and agriculture is expected to drive the acetyl market growth over the forecast period.
- Growing awareness about benefits of using acetyl products is projected to boost the demand for acetyl in various applications including food & beverages, personal care and medical sectors.
- Rising investments by key players in R&D activities for new product development is likely to propel the market growth in near future.
- Stringent regulations by government authorities regarding use of synthetic chemicals are anticipated to create opportunities for bio-based acetyl products over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Acetyl Market Research Report
By Type
Acetic Acid, Acetic Anhydride, Vinyl Acetate, Ethylene Acetate, Others
By Application
Food & Beverages, Oil & Gas, Pharmaceutical, Paints and Coatings, Furniture, Other
By Companies
BP, Celanese Corporation, The Dow Chemical Company, Eastman, Wacker Chemie, LyondellBasell Industries, BASF, BP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Acetyl Market Report Segments:
The global Acetyl market is segmented on the basis of:
Types
Acetic Acid, Acetic Anhydride, Vinyl Acetate, Ethylene Acetate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Oil & Gas, Pharmaceutical, Paints and Coatings, Furniture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BP
- Celanese Corporation
- The Dow Chemical Company
- Eastman
- Wacker Chemie
- LyondellBasell Industries
- BASF
- BP
Highlights of The Acetyl Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acetic Acid
- Acetic Anhydride
- Vinyl Acetate
- Ethylene Acetate
- Others
- By Application:
- Food & Beverages
- Oil & Gas
- Pharmaceutical
- Paints and Coatings
- Furniture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acetyl Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acetyl is a chemical compound with the formula C3H8O2. It is a colorless liquid that has a characteristic odor of vinegar. Acetyl is used in manufacturing chemicals and as an agricultural pesticide.
Some of the major players in the acetyl market are BP, Celanese Corporation, The Dow Chemical Company, Eastman, Wacker Chemie, LyondellBasell Industries, BASF, BP.
The acetyl market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acetyl Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acetyl Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acetyl Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acetyl Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acetyl Market Size & Forecast, 2018-2028
4.5.1 Acetyl Market Size and Y-o-Y Growth
4.5.2 Acetyl Market Absolute $ Opportunity
Chapter 5 Global Acetyl Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Acetyl Market Size Forecast by Type
5.2.1 Acetic Acid
5.2.2 Acetic Anhydride
5.2.3 Vinyl Acetate
5.2.4 Ethylene Acetate
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Acetyl Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Acetyl Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Oil & Gas
6.2.3 Pharmaceutical
6.2.4 Paints and Coatings
6.2.5 Furniture
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acetyl Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acetyl Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Acetyl Analysis and Forecast
9.1 Introduction
9.2 North America Acetyl Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Acetyl Market Size Forecast by Type
9.6.1 Acetic Acid
9.6.2 Acetic Anhydride
9.6.3 Vinyl Acetate
9.6.4 Ethylene Acetate
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Acetyl Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Oil & Gas
9.10.3 Pharmaceutical
9.10.4 Paints and Coatings
9.10.5 Furniture
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Acetyl Analysis and Forecast
10.1 Introduction
10.2 Europe Acetyl Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Acetyl Market Size Forecast by Type
10.6.1 Acetic Acid
10.6.2 Acetic Anhydride
10.6.3 Vinyl Acetate
10.6.4 Ethylene Acetate
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Acetyl Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Oil & Gas
10.10.3 Pharmaceutical
10.10.4 Paints and Coatings
10.10.5 Furniture
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Acetyl Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Acetyl Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Acetyl Market Size Forecast by Type
11.6.1 Acetic Acid
11.6.2 Acetic Anhydride
11.6.3 Vinyl Acetate
11.6.4 Ethylene Acetate
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Acetyl Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Oil & Gas
11.10.3 Pharmaceutical
11.10.4 Paints and Coatings
11.10.5 Furniture
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Acetyl Analysis and Forecast
12.1 Introduction
12.2 Latin America Acetyl Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Acetyl Market Size Forecast by Type
12.6.1 Acetic Acid
12.6.2 Acetic Anhydride
12.6.3 Vinyl Acetate
12.6.4 Ethylene Acetate
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Acetyl Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Oil & Gas
12.10.3 Pharmaceutical
12.10.4 Paints and Coatings
12.10.5 Furniture
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Acetyl Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Acetyl Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Acetyl Market Size Forecast by Type
13.6.1 Acetic Acid
13.6.2 Acetic Anhydride
13.6.3 Vinyl Acetate
13.6.4 Ethylene Acetate
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Acetyl Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Oil & Gas
13.10.3 Pharmaceutical
13.10.4 Paints and Coatings
13.10.5 Furniture
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acetyl Market: Competitive Dashboard
14.2 Global Acetyl Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BP
14.3.2 Celanese Corporation
14.3.3 The Dow Chemical Company
14.3.4 Eastman
14.3.5 Wacker Chemie
14.3.6 LyondellBasell Industries
14.3.7 BASF
14.3.8 BP
