NEW YORK, October 5, 2016 /PRNewswire/ --
According to market research "Global Acetyls Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Product (Acetic Acid, Vinyl Acetate Monomer, Ethyl Acetate, Acetic Anhydride and Others)" by P&S Market Research, the global acetyls market was valued at $22,004.7 million in 2015 and it is expected to grow at a CAGR of 6.9% during 2016 - 2022. The major factors driving the growth of the global market include 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 demand in Asia-Pacific region. Additionally, increasing use of photovoltaic cell will further boost the demand of vinyl acetate monomer. Ethylene vinyl acetate (EVA) copolymers are used in PV cells for providing protective, adhesives layer in between the electronic component and glass. EVA also offer structural support and assists in insulating PV cell from adverse effects of wind, rain and dirt.
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Developing nations such as China, India, and Malaysia are generating huge demand for acetyls consumptions. 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. Vinyl acetate monomer is the key ingredient used in manufacturing adhesives, owing to its superior fiber forming, adhesives, electrical and optical properties.
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The key companies operating in the global acetyls market include Celanese Corporation, The Dow Chemical Company, Eastman Chemical Company, Jubilant Life Sciences, Wacker Chemie AG, LyondellBasell Industries Holdings B.V., BP Plc, Helm AG, Saudi International Petrochemical Company (Sipchem), and DuPont.
GLOBAL ACETYLS MARKET SEGMENTATION
- Acetic Acid
- Vinyl Acetate Monomer
- Ethyl Acetate
- Acetic Anhydride
- North America
- Rest of North America
- The U.K.
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
- Middle East & GCC
Browse Other Reports by P&S Market Research
Global Waterproofing Chemicals Market - https://www.psmarketresearch.com/market-analysis/waterproofing-chemicals-market
Global Hot-Melt Adhesives Market - https://www.psmarketresearch.com/market-analysis/hot-melt-adhesives-market
Global Specialty Chemicals Market - https://www.psmarketresearch.com/market-analysis/specialty-chemicals-market
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SOURCE P&S Market Research