Acetyl Market Will Grow USD 43 Million by 2026
The global acetyl market in 2019 was approximately USD 28 million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 43 million by 2026.
The acetyl group comprises different organic compounds like acetic acid, acetaminophen, acetylcysteine, acetyl-CoA, acetylcholine, acetylsalicylic acid, etc. Acetic acid also referred to as ethanoic acid, is an important carboxylic acid. Acetaminophen is also called paracetamol and is widely used for treating fever and pain. Acetylcysteine, also called N-acetylcysteine, is used for treating paracetamol overdose, also for thinning of mucus in the airways created by lung diseases such as pneumonia, cystic fibrosis, bronchitis, etc. Acetylcholine is a neurotransmitter and plays important role in the normal function of the body and brain. Acetyl-CoA mainly participates in biochemical reactions carbohydrate, lipid metabolism, and protein.
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The acetyl market is segmented based on product type, industry vertical, and region. On the basis of product type, the market is classified into acetic anhydride, ethylene acetate, acetic acid, vinyl acetate, and others. In terms of industry verticals, the market is bifurcated into food & beverages, paints & coatings, pharmaceutical, oil & gas, furniture, and others.
The acetyl market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire acetyl market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) and volume (Kilo Ton) from FY 2016 – 2026.
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Top Market Players
Some of the essential players operating in the acetyl market, but not restricted to include Eastman Chemical Company, BP, The Dow Chemical Company, S.R. Drugs and Intermediates Pvt. Ltd., Daicel, Celanese Corporation, Quzhou Weirong Pharmaceutical & Chemical Co., Ltd., Fubore, Chiping Huahao Chemical, LyondellBasell Industries Holdings B.V., Wacker Chemie AG, among others.