Acetyls Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
in industries such as coatings , dye , food and beverages , paint , and pharmaceuticals boost the growth of acetyls market . The emergence of numerous new applications for acetyls in various end user industries are expected to drive the growth of acetyls market , during the forecast period .
Segments Covered :
The report segments the global acetyls market by end user applications , products , and region . The end user applications include food and beverages , furniture , inks , oil & gas , paints , pharmaceuticals , waxes & coatings and others . On the basis of products , the market has been segmented into acetic acid , acetic anhydride , butyl acetate , cellulose acetate , ethyl acetate , ethylene vinyl acetate , monochloroacetic acid , poly vinyl acetate , poly vinyl alcohol , terephthalic acid , vinyl acetate monomer and some others .
Geographic Coverage and Analysis :
The report provides regional analysis covering geographies such as North America , Europe , Asia- Pacific , and Rest of the World . In this section the key trends and market size for each geography is provided over the period of 2015 – 2023 .
Asia-Pacific region is the largest as well as the fastest growing acetyls market in the world . The global acetyls market is driven by increase in consumption of acetyls in developing countries such as India , China , Malaysia , and some others in Asia-Pacific region . Adhesives , automobiles , and electronic industries drive the Asia pacific region with significant demand for the acetyls . China is the largest consumer , producer and exporter of acetic acid in the world . Europe is the second largest acetyls market as there is huge demand acetyls from various chemical industries based in Western Europe . Moreover , the technological collaborations between European universities and acetyl industry are expected to provide new opportunities and growth prospects for global acetyl market during the forecast period . The methanol industry in North America has boosted the requirement of shale gas based acetic acid , as they are less -priced. The technological advancements and collaborations are expected drive the growth of North American market , as the feed stock from certain industries is conducive for acetyls production . The new acetyls industrial units established in Africa are expected to drive the growth of the
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