Acetyls Market

Acetyls Market:- The demand for purified terephthalic acid (PTA) is growing at a rapid pace. PTA is utilized widely in the production process of polyester, including polyethylene terephthalate bottle resins, polyester fiber, and polyester film. The demand for polyester fiber in countries such as India and China is high, as it is utilized in the production of fabrics for home furnishing and apparel. The growth of the textile industry, owing to the rising disposable income and expansion of the e-commerce industry is also driving the demand for polyester fiber across the globe.

Other than this, PET bottles are used extensively by the food and beverages industry in storage applications for different products, such as sports drinks, soft drinks, fruit juices, dressings, oils, and sauces. All these factors are resulting in the growing demand for PTA, which, in turn, is driving the requirement for acetyls around the globe. Acetyls are a group of chemicals that are utilized as intermediates for a number of applications, such as solvents in water-based paints and adhesives. It is because of these factors that the global acetyls market is projected to progress at a significant rate in the coming years.

These organic compounds consist of methyl group that is reacted with a carbonyl by having a single bond. The chemical process of formulating acetyl group into a molecule is referred to as acetylation. Acetyls are present in acetylcholine, acetylsalicylic acid, acetylcysteine, acetaminophen, and acetic acid. Different product types of acetyls are acetic anhydride, acetic acid, ethyl acetate, and vinyl acetate monomer. Out of all these, the demand for acetic acid was the highest in the past and the situation is predicted to remain the same in the near future as well.

Acetic acid is an important ingredient

Acetic acid is an important ingredient for the manufacturing of a number of chemicals, when are then utilized in end-use industries such as food & beverages, textiles, inks, and synthetic fibers. Apart from this, the demand for vinyl acetate monomer (VAM) is also expected to increase considerably in the near future, since it is used as an intermediate in the manufacturing of various homopolymers and copolymers, such as polyvinyl acetate, ethylene vinyl alcohol, and polyvinyl acetate. These products are then utilized in several industries, namely paints & coatings, paper and packaging, and textiles. In addition to this, VAM is also utilized in the manufacturing of adhesives.

When geography is taken into consideration, the Asia-Pacific (APAC) region emerged as the largest acetyls market in the past. This can be majorly attributed to the growth of several industries, such as construction, packaging, and furniture, in countries including China and India. In the region, China is the major consumer of acetyls, the reasons for which are rising demand from the paints & coatings industry, expansion of the textile industry, and increasing demand for adhesives in construction and furniture industries in the country.

Acetyls are organic compounds

Acetyls are organic compounds that consist of a methyl group that has reacted with a carbonyl held by a single bond. This functional group is present in acetic acid, acetylsalicylic acid, acetaminophen, acetylcholine, and acetylcysteine. Acetyls undergo the chemical process of formulation known as acetylation to form the acetyl group into a molecule. The acetyl groups of acetic anhydride, vinyl acetate monomer (VAM), and acetic acid are utilized in manufacturing intermediates for products such as inks, adhesives, solvents, and water-based paints.

Among the various acetyl-based products, the demand for acetic acid will surge in the coming years, as it serves as a vital ingredient during the production of purified terephthalic acid (PTA) and ester solvents. These chemicals are further used in the synthetic fiber, food and beverage, ink, and textile industries. Additionally, the demand for VAM will increase in the future on account of its usage as an intermediate for the production of several homopolymers and copolymers, viz. polyvinyl acetate and ethylene vinyl alcohol, which are themselves used in the paper and packaging, adhesive, and textile sectors.

Acetyls are also being used in the healthcare sector, in the form of N- acetylcysteine (NAC), for the treatment of psychiatric ailments, such as addiction, obsessive–compulsive disorder, schizophrenia, and bipolar disorder. NAC is emerging as an alternative to current pharmacological therapies in psychiatry. In addition, NAC also acts as a precursor to the glutathione, neurotropic, antioxidant, modulating glutamatergic, and inflammatory pathways. Therefore, the booming global population, which is increasingly suffering from mental issues, will boost the usage of this acetylated amino acid in the future.

Geographically

Geographically, the Asia-Pacific (APAC) region consumed the highest volume of acetylic compounds in the past, and it is expected to increase their usage in the coming years. This can be ascribed to the heavy investment in the oil and gas industry, expansion of the electronics sector, and large automobile industry. Apart from this, acetyls find wide application in the production of paints and coatings, textiles, packaging material, and adhesives that are used in the furniture and construction industries. Besides, the demand for acetyls is also generated from the chemical industry of APAC countries.

Apart from APAC, the Rest of the World (RoW) is expected to create lucrative opportunities for the players operating in the acetyls market, such as Eastman Chemical Company, Jubilant Life Sciences, Celanese Corporation, Sahara International Petrochemical Company (Sipchem), and Dow Chemical Company. This can be owed to the rising investments in end-use industries, including automotive, paints and coatings, pharmaceuticals, and oil and gas. Moreover, the rapid industrialization and urbanization in the region will boost the consumption of acetyls in the coming years.

Thus, the increasing application of chemicals containing the acetyl group will fuel the demand for them in the foreseeable future.

Hence, the demand for acetyls is growing due to their wide consumption in the formulation of PTA and growth of the end-use industries.

Table of content

Chapter 1. Research Scope and Methodology

1.1 Market Definition

1.2 Research Scope

1.2.1 Global Acetyls market segmentation by product

1.2.2 Global Acetyls market segmentation by region

1.3 Research Methodology and Sources

Chapter 2. Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3. Market Outlook

3.1 Introduction

3.2 Value Chain Analysis

3.3 Opportunities in the Global Acetyls Market

3.3.1 Increasing use of PV cells will boost the demand for vinyl acetate monomer

3.4 Factors Driving Growth of the Market and its Impact on Market Forecast

3.4.1 Increasing consumption of adhesives in key industries

3.4.2 Increasing demand for acetic acid in manufacturing of purified terephthalic acid (PTA) and ester solvents

3.4.3 Increasing demand for acetyls in Asia-Pacific

3.4.4 Impact analysis of drivers on market forecast

3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast

3.5.1 Strict regulations in drug prescription

3.5.2 Volatile feedstock prices

3.5.3 Impact analysis of restraints on market forecast

Chapter 4. Global Acetyls Market Size and Forecast

4.1 Global Acetyls Market, By Product

4.1.1 Acetic Acid Market

4.1.2 Vinyl Acetate Monomer Market

4.1.3 Ethyl Acetate Market

4.1.4 Acetic Anhydride Market

4.1.5 Others Market

4.2 Global Acetyls Market, By Region

Chapter 5. Global Acetyls Market, by Geography

5.1 Asia-Pacific Acetyls Market

5.1.1 Asia-Pacific acetyls market, by product

5.1.2 Asia-Pacific acetyls market, by country

5.2 North America Acetyls Market

5.2.1 North America acetyls market, by product

5.2.2 North America acetyls market, by country

5.3 Europe Acetyls Market

5.3.1 Europe acetyls market, by product

5.3.2 Europe acetyls market, by country

5.4 Rest of the World (RoW) Acetyls Market

5.4.1 Rest of the World Acetyls market, by product

5.4.2 Rest of the World acetyls market, by region

Chapter 6. Porter’s Analysis

6.1 Porter’s Five Forces of Competitive Position Analysis

6.1.1 Bargaining power of buyers

6.1.2 Bargaining power of suppliers

6.1.3 Threat of new entrants

6.1.4 Intensity of rivalry

6.1.5 Threat of substitutes

6.2 Competitive Positioning of Global Acetyls Market, by Product

Chapter 7. Company Profiles and Strategic Developments

7.1 Key Company Profiles

7.1.1 Celanese Corporation

7.1.1.1 Business overview

7.1.1.2 Product and service offerings

7.1.2 The Dow Chemical Company

7.1.2.1 Business overview

7.1.2.2 Product and service offerings

7.1.3 Eastman Chemical Company

7.1.3.1 Business overview

7.1.3.2 Product and service offerings

7.1.4 E I DuPont de Nemours and Company

7.1.4.1 Business overview

7.1.4.2 Product and service offerings

7.1.5 Helm AG

7.1.5.1 Business overview

7.1.5.2 Product and service offerings

7.1.6 Wacker Chemie AG

7.1.6.1 Business overview

7.1.6.2 Product and service offerings

7.1.7 LyondellBasell Industries B.V.

7.1.7.1 Business overview

7.1.7.2 Product and service offerings

7.1.8 Jubilant Life Sciences

7.1.8.1 Business overview

7.1.8.2 Product and service offerings

7.1.9 BP Plc.

7.1.9.1 Business overview

7.1.9.2 Product and service offerings

7.1.10 Saudi International Petrochemical Company (Sipchem)

7.1.10.1 Business overview

7.1.10.2 Product and service offerings

7.2 Strategic Developments in the Global Acetyls Market

Chapter 8. Appendix

8.1 List of Abbreviations

Above all,

most importantly,

certainly,

That is to say,

in other words,

to clarify,

Therefore,

as a result,

so,

consequently,

In conclusion,

to sum up,

in short