is a functional group with the chemical formula CH3CO. The group has a methyl group with a single bond to a carbonyl. Acetic anhydride or acetyl chloride are used for the formation of acetyls. Acetyls help the constituents of certain products to reach the brain faster and it is for this reason that acetyls are also used for drugs to ensure proper delivery of a drug to a patient. With the ability of acetyls to help certain constituents to reach the brain faster, a number of clinics that work with prototype drugs in testing phases often utilize acetyls during testing purposes to be able to understand the results at regular intervals. Acetyls are now being explored for other applications across the board. The use of acetyl for the purpose of pain relief is one such new application for which acetyls are being used for today. The key product of acetyls that is expected to contribute the highest to the acetyl market is acetic acid.
The market for acetyl is expected to be driven by new applications for which research is already ongoing with a number of universities and medical institutes investing heavily into the research for the same.
In terms of regional distribution, there are several universities and clinics which are already conducting research on various acetyls in order to see if there are any possible new compounds that can be created for other applications. Looking at the APAC region in particular, China is the key producer as well as consumer of acetic acid. As of date, most of the acetic acid that is produced in China is for local consumption, however, in the coming years during the forecast period, China will also be a key exporter of acetic acid to the global market. The country is already expanding its production capacity to meet the demands of the market during the forecast period.
In terms of Acetyls by product the market has been divided into the following Acetic Acid, Acetic Anhydride, Vinyl Acetate, Ethylene Acetate and Other Acetyls. The Acetyls market has also been segmented by the following applications Food & Beverages, Oil & Gas, Pharmaceutical, Paints, Inks, Waxes & Coatings, Furniture and others. The Acetyls market has also been segmented by the following geographies Americas, APAC, Europe, ROW.Following are just a few of the companies that are operating in the Acetyls market:
- BP p.l.c.
- Celanese Corporation
- The Dow Chemical Company
- Eastman Chemical Company
- Wacker Chemie AG
- LyondellBasell Industries Holdings B.V.