Esters are compounds derived from organic or inorganic acids by replacing the last hydroxyl group by an alkyl group. Esters can be subdivided into two groups: ethyl esters and acetate esters. Ethyl esters are made up of short chain alcohol group and longer chain fatty acids, while acetate esters consist of short chain acetic acid group and longer chain alcohol group. Acetate esters act as powerful solvents across a wide range of resins. They are compatible with most common organic solvents. These solvents have slow, controlled evaporation rate, low surface tension, low water solubility, and higher gloss.

Led by the increase in automotive sales in developing economies, acetate esters are employed extensively in top coat marines. This is anticipated to drive the acetate esters market in the near future. Furthermore, rise in demand for high gloss surface coatings in various applications is estimated to boost the demand for acetate esters during the forecast period.

Companies operating in the global acetate esters market strive to explore new and better ways to manufacture acetate esters. Development of new processes to produce acetate esters is estimated to propel the market in the near future. However, volatility in prices of raw materials is projected to hamper the acetate esters market during the forecast period.

In terms of product, the global acetate esters market can be segmented into butyl acetate, methyl acetate, cellulose acetate, vinyl acetate, and others. The vinyl acetate segment is likely to expand at a rapid pace in the next few years due to the rise in demand for high gloss surface coatings in the automotive industry in developing economies across the globe.

Based on application, the global acetate esters market can be divided into topcoat & primer, maintenance & marine, high solids, wood lacquer, and polymerization. The topcoat & primer segment is expected to expand at a significant pace during the forecast period due to the consistent usage of acetate esters in various paints and coatings across the globe.

In terms of region, the global acetate esters market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Europe and North America are anticipated to constitute major share of the global market during the forecast period. The acetate esters market in Asia Pacific is estimated to expand at a rapid pace due to the rise in per capita income in developing economies such as China and India. Increase in per capita income is boosting the spending power of consumers in the region. This, in turn, is estimated to propel the demand for high quality products in Asia Pacific. Additionally, growth in usage of acetate esters in making highways is fueling the acetate esters market in the region. Middle East & Africa is expected to be a lucrative region of the global acetate esters market during the forecast period, led by the increase in demand for acetate esters in high load bearing roads in the region.

Prominent players operating in the global acetate esters market include INEOS Holdings Limited, Hallstar Company, Eastman Chemical Company, and Solventis Ltd. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Acetate Esters Market

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