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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Acetyls Market Outlook
The global acetyls market reached approximately USD 26.69 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of around USD 42.95 billion by 2032.
Key Takeaways
- The Asia-Pacific region is expected to dominate the demand for acetyls over the forecast period.
- Expansion of existing acetyl production capacities by market players is expected to drive the market growth.
- The food and beverages sector is expected to emerge as a leading end user in the global acetyls market.
Acetyl refers to a type of chemical group which is made up of small molecules of two carbon, three hydrogen atoms, and one oxygen atom. Organic chemicals belonging to the acetyl group are versatile and are used in various end-use sectors.
The market is being driven by the growing demand for chemical intermediates, expansion of the pharmaceutical industry, and robust growth of the textile industry. Acetyl compounds serve as crucial intermediates in the production of various chemicals, including solvents, resins, and plasticisers.
They are essential for manufacturing active pharmaceutical ingredients (APIs) and drug formulations. Acetyls are also used in textile processing for enhancing fabric properties such as durability and colour retention. This is expected to drive the acetyls market expansion in the forecast period.
Acetyls Market Report Snapshots
Acetyls Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 26.69 billion.
The market is estimated to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 42.95 billion by 2032.
The market is being driven by the growing demand for chemical intermediates, expansion of the pharmaceutical industry, and increasing consumption in the textile industry.
The key trends aiding the market expansion include growing use of polymers, rising demand for paints and coatings, rising burden of health diseases, and expansion of existing acetyl production capabilities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end uses of acetyls are pharmaceuticals, paints and coating, food and beverages, furniture, and oil and gas, among others.
The major players in the market are Eastman Chemical Company, Celanese Corporation, DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Helm AG, Wacker Chemie AG, Sipchem Company, Saudi Basic Industries Corporation, Daicel Corporation, and Jubilant Ingrevia Limited, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124