[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2020-02-05
700
Global
Global acetyl market has faced downturn in the raw material supply in 2017 which impacted the acetyl business by 12.2% globally. The key raw materials used for acetic acid and Vinyl Acetate Monomer (VAM) are Carbon monoxide, Methanol, Ethylene and for solvents and derivatives are Methanol, Acetic acid.Application of acetyl is very vast such as the diketene which is derived from acetic acid, is used as a non-nutritive high intensity sweetener in a variety of beverages, confectionaries and dairy products throughout the world. The supply of the raw material for the acetyls is usually purchased on annual or multi-year contracts. The global demand and supply mechanisms has large impact on VAM and acetic acid market, carbon mono-oxide a principal raw material is sourced from only close proximity under long term contracts unlike methanol and ethylene. The global leader in acetyls market, Celanese, is expanding its capacity in acetic acid and VAM facilities in Clear Lake, Texas making itself largest and most efficient VAM plant in the world.
The feedstock flexibility, global reach and the ability to flex the acetyls chain will provide a background to maximize profits as per the fluctuating market.
On the basis of type of acetyl products, acetic acid has the largest market share of 28.0% in 2017 of the total global acetyl market. The application of acetic acid in manufacturing of VAM, purified terephthalic acid and other acetyl derivatives, acetic acid has major applications. VAM has been growing at a rate of 6.3% which makes it one of the fastest growing segmentson the back of increasing use of products using acetyl as key ingredient such as adhesives, paints, films, coatings and textiles. Factors such as spiked demand for high end coatings, adhesives and other acetyl based industrial products, expansion of textile industry are driving the growth of acetyl industry across the globe. Uplifted demand for high performance industrial coating and adhesives is one of the key aspects which are triggering the demand for acetyl based products.
Based on geography, North America generated a revenue share of 32.0% in 2017 in overall global acetyl market owing to the presence of top manufacturers of the acetyl in the region, being the largest producer, such as Calanese, a U.S.A. based industry was the leading manufacturer in 2017. On the other hand, Asia-Pacific region is the largest consumer of the of acetyl, having 41.0% market share of the total global acetyl market because of the rising horizons of industrial infrastructure, spiked demand for high performance industrial products that uses acetyl as the key ingredient such as, paints, adhesives, textiles, construction activities and more.
According to the report, rising inclination towards green fuel in developed and developing economies is one of the major trends which are fostering the demand for acetyl and it’s by products such as Ethanol. Federal regulation to minimize the carbon footprints are encouraging the chemical industry to increase the supply of specific chemicals which are used as green fuel in various industries.
The major driving factor for the growth of acetyl market is the rising development activities in the growing economies such as India, Philippines, Singaporeand more. For instance the U.K. had exported USD 39,741.26 to Philippines and USD 141,771.94 to South Korea among the other major export countries due to the high construction activities ongoing in these countries.
Acetyl market includes long term contracts for the supply of raw materials and finished products. The global political conditions adversely affect the global acetyl market. For instance any future withdrawal or renegotiation of the trade agreements, including free trade agreement will adversely affect the operations of the business. Also the benefits from the local government subsidies or other undertakings are subjected to the change in local government and their policies.
The report covers the present ground scenario and the future growth prospects of the acetyl market for 2017-2030 along with the global data of demand and supply of products using acetyl. We calculated the market size and revenue share on the basis of revenue generated from major players and the volume of acetyls manufactured and shipped globally. We have forecast the global acetyl market on the basis of current market demand, opportunities for major players, expansion of chemical industry, rising demand for high performance industrial chemicals and other major factors.
Acetyl market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the acetyl market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global acetyl market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Global acetyl market report comprises of the following companies as the key players in the acetyl market: Celanese Corporation, Dow Chemical Company, Eastman Chemical Company, WackerChemie, BP Global, Chloritech Industries, Daicel Corp., GNFC Ltd., JiangsuSopo Co. Ltd, PetroChina, Kanoria Chemicals & Industries Ltd, Sinopec, Transpek Industry Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this Global Acetyl Market Report
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Adhesives and Sealants Market Report: Share, Trends, Growth Drivers, Challenges, Global Demand & Revenue Analysis By Adhesives Type, By Sealants Type, By Application ( Joinery Operations, Packaging, Construction & Others) Forecast Period 2017-2025
Global Acid Proof Lining Market Outlook 2030: Market Segmentation Based on material type ,Based on technology, Based on end user & by Region with Forecast 2017-2030
Global Biopolymers Market: Size , Market Segmentation By Product Type, By Application Type, By End-User Type & by Region with Forecast 2017-2030
Chitosan Market Report 2017-2025: Industry Overview, Market Size, Share, Demand, Segmentation (By Source, By Industrial Application, By Region), Growth, Demand, Opportunity, Scope Analysis
Acetyl Market Size Segmentation by Type of Acetyl Products (Acetic Acid, VAM, Ethyl Acetate, & Ethanol), by Application (Paint, Films, Adhesives, Textiles, & Pharmaceuticals), And by Geography - Global Industry Trends Analysis & Forecast 2017-2030