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Market Research Report

Global Acetyl Industry Analysis By Type of Acetyl Products (Acetic Acid, VAM, Ethyl Acetate, & Ethanol), By Application (Paint, Films, Adhesives, Textiles, & Pharmaceuticals) & By Geography With COVID-19 Impact | Market Outlook 2017-2030

Published Date :

2020-09-01

Report Pages :

700

Format :

PDF

Region Covered :

Global

Market Overview

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. 

Global Acetyl Market Segmentation

By Type of Acetyl Products

  • Acetic Acid
  • VAM
  • Acetic anhydride
  • Acetaldehyde
  • Ethyl acetate
  • Formaldehyde
  • Butyl acetate
  • Ethanol

By Application

  • Paints, Coatings & Inks
  • Adhesives
  • Films
  • Textiles
  • Building and Construction Products
  • Pharmaceuticals

Based on Geography

  • North America (U.S. & Canada) acetyl market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) acetyl market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
  • Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden &RoE)  acetyl market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  acetyl market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  acetyl market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2017-2030)

Market Share by Types & Geography

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.

Trends, Drivers & Challenges to Market Growth

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.

COVID-19 impact on "Global Acetyl Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Acetyl Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Covered in This Global Acetyl Market Report

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.

Key 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.

For a full detailed overview, send us the sample request.

Key questions answered in this Global Acetyl Market Report

  • What is the total market size by 2030 and what would be the expected growth rate?
  • What is the revenue of acetyl market in 2015-16 and what would be the expected demand over the forecasted period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who all are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.




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Global Acetyl Industry Analysis By Type of Acetyl Products (Acetic Acid, VAM, Ethyl Acetate, & Ethanol), By Application (Paint, Films, Adhesives, Textiles, & Pharmaceuticals) & By Geography With COVID-19 Impact | Market Outlook 2017-2030

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