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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Global Acetyls Market Trends
Th acquisition of Acetyls Holding Private Limited by Laxmi Organics Industries Ltd. is aimed at expanding Laxmi Organic's footprint in the speciality intermediates segment and enhancing its product portfolio. Yellowstone Chemicals, known for its expertise in speciality intermediates, complements Laxmi Organic's existing capabilities, enabling the company to offer a wider range of high-quality products to its customers. The acquisition strengthens Laxmi Organic's position in the market and is expected to drive the global acetyls market growth.
Acetyls are used in the production of various medical compounds, including vaccines, antiviral drugs, and diagnostic reagents. The demand for acetyls rises as healthcare providers and governments invest in preventive healthcare strategies to mitigate the spread of diseases and improve public health outcomes.
Acetyls also serve as vital building blocks in the synthesis of active pharmaceutical ingredients (APIs) and drug formulations. The development of new therapeutic drugs, including biologics and speciality medicines, is expected to contribute to the acetyls market development in the coming years.
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 2024, the market reached an approximate value of USD 26.69 billion.
The market is estimated to grow at a CAGR of 5.4% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach a value of around USD 42.95 billion by 2034.
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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