Acetyls Market Overview:
The global acetyls market is expected to witness a significant growth during the forecast period owing to the wide scope of application. The market is primarily driven by the use of acetylated products in pharmaceuticals for producing medicines such as paracetamol and aspirin. Additionally, the use of these products in food & beverage industry as a flavoring agent and preservative is another factor driving the demand for acetyls.
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Acetyls Market Key Players:
Some of the prominent players operating in the global acetyls market are BP p.l.c. (Europe), Celanese Corporation (US), Daicel Corporation (Japan), Eastman Chemical Company (US), HELM AG (Germany), LyondellBasell Industries Holdings B.V. (Netherlands), Wacker Chemie AG (Germany), DowDuPont (US), Kanoria Chemicals & Industries Ltd. (India), Laxmi Organic Industries Ltd. (India), and Sipchem (Saudi Arabia).
Acetyls Market Segmentation:
The global acetyls market has been segmented by product type, application, and region.
Based on application, the market has been segmented into food & beverages, pharmaceuticals, oil & gas, paints, inks, & coatings, waxes, furniture, and others. The rise in working population and the high disposable income of the consumers has resulted in an increased demand for ready-to-eat food, which is expected to drive the market growth. Moreover, the rising demand for generic drugs on the backdrop of increasing geriatric population and sedentary lifestyle of younger generation propels the demand for acetyls in pharmaceuticals application.
Acetyls Market Table of Content to be Continue…….,
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