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Global Acetyls Market Size, Share, Trends, Growth, Report: By Product: Ethyl Acetate, Cellulose Acetate, Butyl Acetate, Acetic Anhydride, Acetic Acid, Others; By End Use: Pharmaceuticals, Paints and Coating, Food and Beverages, Furniture, Oil and Gas, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Acetyls Market Outlook
The global acetyls market size reached approximately USD 26.69 billion in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of around USD 42.95 billion by 2032.
Key Takeaways
- The Asia-Pacific region is expected to dominate the demand for acetyls over the forecast period.
- Expansion of existing acetyl production capacities by market players is expected to drive the market growth.
- The food and beverages sector is expected to emerge as a leading end user in the global acetyls market.
Acetyl refers to a type of chemical group which is made up of small molecules of two carbon, three hydrogen atoms, and one oxygen atom. Organic chemicals belonging to the acetyl group are versatile and are used in various end-use sectors.
The market is being driven by the growing demand for chemical intermediates, expansion of the pharmaceutical industry, and robust growth of the textile industry. Acetyl compounds serve as crucial intermediates in the production of various chemicals, including solvents, resins, and plasticisers.
They are essential for manufacturing active pharmaceutical ingredients (APIs) and drug formulations. Acetyls are also used in textile processing for enhancing fabric properties such as durability and colour retention. This is expected to drive the acetyls market expansion in the forecast period.
Key Trends and Developments
Growing use of polymers; rising demand for paints and coatings; rising burden of health diseases; and expansion of existing acetyl production capabilities are the major trends impacting the market growth.
| Date | Company | Action | Details |
| Sep 28th 2023 | Eastman Chemical Co. | Sold | Eastman Texas City site to Ineos Acetyls for nearly US$500 million |
| Sep 23rd 2022 | Technip Energies | Entered into an agreement | With INEOS Acetyls to become its sole supplier of engineering services for deployment of CATIVA technology |
| Oct 1st 2021 | Laxmi Organic Industries Limited | Acquired | All equity shares of Acetyls Holding Private Limited and its subsidiary company Yellowstone Chemicals Private Limited |
| Jan 4th 2021 | INEOS | Acquired | BP’s global Aromatics and Acetyls businesses for $5 billion, consisting of 15 sites, to be known as INEOS Acetyls and INEOS Aromatics |
| Factors | Details |
| Growing use of polymers | Acetyls are used as base chemicals in the production of polymers, which are utilised in the textile and packaging sector. |
| Rising demand for paints and coatings | Rapid urbanisation has prompted an increase in demand for paints and coatings from the construction sector, thereby driving the market growth. |
| Rising burden of health diseases | Acetyls are crucial ingredients in various pharmaceutical products and drugs and are used to improve drug delivery, which is expected to drive the acetyls market development. |
| Expansion of existing acetyl production capabilities | Companies are boosting their acetyl production capacity to cater to the increasing demand from the energy, telecommunications, and food packaging sectors. |
Global Acetyls Market Trends
Th acquisition of Acetyls Holding Private Limited by Laxmi Organics Industries Ltd. is aimed at expanding Laxmi Organic's footprint in the speciality intermediates segment and enhancing its product portfolio. Yellowstone Chemicals, known for its expertise in speciality intermediates, complements Laxmi Organic's existing capabilities, enabling the company to offer a wider range of high-quality products to its customers. The acquisition strengthens Laxmi Organic's position in the market and is expected to drive the global acetyls market growth.
Acetyls are used in the production of various medical compounds, including vaccines, antiviral drugs, and diagnostic reagents. The demand for acetyls rises as healthcare providers and governments invest in preventive healthcare strategies to mitigate the spread of diseases and improve public health outcomes.
Acetyls also serve as vital building blocks in the synthesis of active pharmaceutical ingredients (APIs) and drug formulations. The development of new therapeutic drugs, including biologics and speciality medicines, is expected to contribute to the acetyls market development in the coming years.
Market Segmentation
“Global Acetyls Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Product | Ethyl Acetate, Cellulose Acetate, Butyl Acetate, Acetic Anhydride, Acetic Acid, Others |
| End Use | Pharmaceuticals, Paints and Coating, Food and Beverages, Furniture, Oil and Gas, Others |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
The food and beverages sector is expected to become a leading end user of acetyls globally.
The food and beverages sector accounts for a significant portion of the acetyls market share. Acetyls are used as flavour enhancers, stabilisers, texture-modifying agents, and anti-caking agents in a variety of foods. The thriving food and beverage sector, supported by the rising population and growing expansion of fast-food chains, is driving the segment’s growth.
Moreover, acetyls such as ethyl acetate are used in many fruit-flavoured beverages and sweets to enhance their flavour profile, which is further fuelling the global acetyls market growth. Acetyls also play a significant role in the global oil and gas industry, primarily as catalysts in various chemical processes. They are commonly used in the production of petrochemicals such as acetic acid, which serves as a precursor for many important chemicals, including vinyl acetate monomer (VAM), purified terephthalic acid (PTA), and ethylene vinyl acetate (EVA).
Competitive Landscape
Major market players are investing in the research and development of sustainable products from acetyls across various industries
| Company | Founded | Headquarters | Products |
| Eastman Chemical Company | 1920 | Tennessee, United States | Chemicals and components for agriculture and construction |
| Celanese Corporation | 1918 | Texas, United States | 3-methoxy butanol, acesulfame potassium, and acetal copolymer |
| DuPont de Nemours, Inc. | 1802 | Delaware, USA | Adhesives, speciality chemicals, and advanced printing solutions |
| LyondellBasell Industries Holdings B.V. | 2007 | Texas, USA | Polymers, speciality powders, fuels, polyolefins, and engineered composites |
Other key players in the acetyls market are Helm AG, Wacker Chemie AG, Sipchem Company, Saudi Basic Industries Corporation, Daicel Corporation, and Jubilant Ingrevia Limited, among others.
In February 2023, Celanese, a global chemical and speciality materials company, completed the expansion of its ethylene vinyl acetate (EVA) production capacity at its acetyl chain facility located in Edmonton, Canada. This expansion enhances Celanese's capability to meet the growing demand for EVA polymers, which find extensive applications across industries such as packaging, automotive, and consumer goods.
Global Acetyls Market Regional Analysis
The Asia Pacific is expected to rapidly grow in the forecast period. The robustly growing pharmaceutical sector in the region is driving the demand for acetyl-based products such as acetic anhydride as they are used in the manufacturing of medicines such as aspirin, sulpha drugs, and cortisone, among others. Moreover, leading chemical manufacturers across emerging economies like India are expanding their manufacturing capacities of acetic anhydride, which is fuelling the overall acetyls market growth.
North America also exhibits significant growth, fuelled by expanding industrial sectors and increasing investments in chemical manufacturing. The region benefits from abundant natural resources and a skilled workforce, facilitating the production of acetyls and related chemicals. Technological innovation and sustainability initiatives, along with a focus on eco-friendly production processes and renewable resources, further aid the market in the forecast period.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Acetyls Market Analysis
8.1 Key Industry Highlights
8.2 Global Acetyls Historical Market (2018-2023)
8.3 Global Acetyls Market Forecast (2024-2032)
8.4 Global Acetyls Market by Product
8.4.1 Ethyl Acetate
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cellulose Acetate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Butyl Acetate
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Acetic Anhydride
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Acetic Acid
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Acetyls Market by End Use
8.5.1 Pharmaceuticals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paints and Coating
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Beverages
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Furniture
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Oil and Gas
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Acetyls Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Acetyls Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Acetyls Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Acetyls Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Acetyls Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Acetyls Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Counties
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Counties
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Eastman Chemical Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Celanese Corporation
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 DuPont de Nemours, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 LyondellBasell Industries Holdings B.V.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Helm AG
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Wacker Chemie AG
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Sipchem Company
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Saudi Basic Industries Corporation
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Daicel Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Jubilant Ingrevia Limited
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Acetyls Market: Key Industry Highlights, 2018 and 2032
2. Global Acetyls Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Acetyls Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Acetyls Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Acetyls Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Acetyls Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Acetyls Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Acetyls Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Acetyls Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Acetyls Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Acetyls Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Acetyls Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Acetyls Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Acetyls Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Acetyls Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Acetyls Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Acetyls Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. Major Importing Countries by Volume
21. Major Exporting Countries by Volume
22. Global Acetyls Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 26.69 billion.
The market is estimated to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 42.95 billion by 2032.
The market is being driven by the growing demand for chemical intermediates, expansion of the pharmaceutical industry, and increasing consumption in the textile industry.
The key trends aiding the market expansion include growing use of polymers, rising demand for paints and coatings, rising burden of health diseases, and expansion of existing acetyl production capabilities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major end uses of acetyls are pharmaceuticals, paints and coating, food and beverages, furniture, and oil and gas, among others.
The major players in the market are Eastman Chemical Company, Celanese Corporation, DuPont de Nemours, Inc., LyondellBasell Industries Holdings B.V., Helm AG, Wacker Chemie AG, Sipchem Company, Saudi Basic Industries Corporation, Daicel Corporation, and Jubilant Ingrevia Limited, among others.
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