Acetyls Market Size to Reach USD $45.3 billion, Globally, By 2030 at CAGR of 5.5% – IndustryARC.

Acetyls Market: Building a vibrant future, one molecule at a time

Acetyls Market size is projected to grow at a CAGR of 5.5% during the forecast period 2024-2030and reach US$45.3 billion by 2030. The acetyl group is primarily composed of two parts which include the carbonyl group and alkyl group. Acetyls can be categorized into various types which include acetic acid, acetic anhydride, vinyl acetate monomer (VAM), ethylene acetate and more.

Acetyls Market is primarily driven by its usage in the paints & coating industry. The Nippon Paints Group made medium to long-term investments for upgrading and streamlining industrial facilities in Japan from 2021 to 2023 to boost the production of paints and coatings in the country. The growth of the paints & coating and pharmaceutical industries is expected to drive the growth of the Acetyls Market size in the upcoming years.

Acetyls Market Current and Future Trends:

End-Use Industries: The increasing demand for acetyls in industries like paints & coatings, pharmaceuticals, construction, and food & beverages is a major driver.

Pharmaceutical Boom: The rising need for drugs and the resulting high R&D spending are fueling demand for acetyl compounds used in drug formulation and manufacturing.

Favorable Regulations: Government support for the pharmaceutical sector in developing regions is creating a positive environment for acetyls consumption

Sustainable Production Processes: There’s a growing focus on developing more environmentally friendly methods for producing acetyls.

Technological Advancements: New technologies for production and application of acetyls can lead to increased efficiency and functionality.

Rising Demand in Developing Economies: As access to healthcare and infrastructure improve in developing economies, the demand for acetyls is expected to rise.

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Acetyls Market Report – Scope:

The acetyls market stands poised for continued expansion, fueled by a potent mix of established and emerging trends. Currently, the market thrives due to its vital role in several key end-use industries. Paints & Coatings rely heavily on acetyls for their formulations, ensuring vibrant colors and protective layers. The ever-evolving pharmaceutical landscape demands a steady supply of acetyls for drug development and production, mirroring the global rise in healthcare spending. Acetyls also play a crucial function in the Food & Beverage sector, contributing to additives and processing techniques. Construction finds applications for acetyls within building materials and adhesives, ensuring structural integrity and secure bonding. Additionally, the Oil & Gas industry utilizes acetyls in exploration and production processes. Notably, the Asia Pacific region (APAC) currently reigns supreme in the acetyls market, driven by its booming industrialization and rapidly expanding population.

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The top 10 players in the Acetyls industry are:

BP PLC
Celanese Corporation
Daicel Corporation
Dow Inc.
Eastman Chemical Company
Helm AG
LyondellBasell Industries Holdings B.V.
Quzhou Weirong Pharmaceutical & Chemical Co. Ltd.
Wacker Chemie AG
Aquapharm Chemicals

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