DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Acetyls Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global acetyls market is witnessing significant growth, due to increasing demand of acetic acid in manufacturing of purified terephthalic acid (PTA) and ester solvents. Increasing adhesive consumption in key industries will drive demand of vinyl acetate monomer, and increasing uses of ethyl acetate in oil based enamels. Additionally, increasing use of photovoltaic cell will further boost the demand of vinyl acetate monomer.
The global acetyls market was estimated at $22,004.7 million in 2015 and it is expected to grow at a CAGR of 6.9% during 2016 - 2022. In terms of value, with 52.4% market share, Asia-Pacific accounted for the largest share in the global acetyls market. China is the major consumer of acetyls and it is expected to grow significantly during the forecast period.
The major reasons for the increasing demand in this region are: growing demand from paints and coatings industry, rise in textile and packaging industry, and increasing consumption of adhesives in key industries such as construction and furniture industry. Furthermore, presence of large number of chemical industries in Asia-Pacific is expected to boost the demand for acetyls, which in turn will generate huge revenue, during the forecast period.
The Dow Chemical Company
Eastman Chemical Company
E I Dupont De Nemours And Company
Wacker Chemie Ag
Lyondellbasell Industries B.V.
Jubilant Life Sciences
Saudi International Petrochemical Company
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Acetyls Market Size And Forecast (2012 - 2022)
5. Global Acetyls Market, By Geography
6. Porter's Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/c6lmwk/global_acetyls