-- Acetyls Market Overview:
Acetyls Market wide scope of application for acetyls is expected to drive the demand for product during the review period.
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.
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Acetyls Market Key Players:
Some of the manufacturers 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)
• Sipchem (Saudi Arabia)
Acetyls Market Segmentation:
The global Acetyls market has been segmented on the basis of product type, application and region.
Based on product type, the market has been segmented into acetic acid, acetic anhydride, vinyl acetate, ethylene acetate, and others.
By 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.
Acetyls Market Regional Analysis:
The global Acetyls market has been segmented into five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the majority of the market share in 2018 due to the high demand for acetyls in food & beverage, pharmaceuticals, and paints & coatings application. The rising working population coupled with the high disposable income results in an increased demand for packaged food, which drives the demand for acetyls in food & beverage application. The extensive use of acetylated compounds such as acetic anhydride in production of generic drugs such as paracetamol and aspirin are another factor influencing the growth of the market. Furthermore, acetyls are used in paints & coatings, which are further used in major end-use industries such as construction, automotive, and electronics. The growth of these industries in developing nations such as India, Taiwan, Thailand, and Malaysia are projected to drive the market growth in the region during the forecast period.
Acetyls Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Acetyls Market
Acetyls Market Table of Content to be Continue…….,
Acetyls Market List of Table:
Table 1 Global Acetyls Market: By Region, 2016−2023
Table 2 North America: Acetyls Market, By Country, 2016−2023
Table 3 Europe: Acetyls Market, By Country, 2016−2023
Table 4 Asia-Pacific: Acetyls Market. By Country, 2016−2023
Table 5 Middle East & Africa: Acetyls Market, By Country, 2016−2023
Acetyls Market List of Table to be Continue……,
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