Global Acetyls Market: Overview
Containing a methyl group that is single-bonded to carbonyl, acetyles are organic compounds of functional group having chemical formula CH3CO. The center of the compound has a single free electron which is responsible to form chemical bonds with alkyl groups. The IUPAC name of the acyl is Ethanoyl and is commonly known as acetyl moiety. The compound is present in acetic acid, acetyl-CoA, acetaminophen, acetylcholine, and acetylsalicylic acid. To introduce acetyl group in the molecule, manufacturers use the process known as Acetylation. Based on their growing use in modification of proteins and histones, the global acetyls market is experiencing a robust growth in the forecast period of 2019 to 2027.
Transparency Market Research’s report offers a complete analysis of global acetyls market with an in-depth analysis of facets such as notable developments, challenges, and key trends. The report also focuses on the drivers propelling the growth of the global acetyls market in the forecast period of 2019 to 2027.
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Global Acetyls Market: Notable Developments and Competitive Landscape
The global acetyls market is expected to witness a tough competition between players. This is because of the rising demand of acetyls in various drug manufacturing and growing demand in several end users industries. To withstand this competition, businesses are adopting strategies such as mergers, acquisitions, and partnerships. Moreover, these strategies are also helping organizations of global acetyls market to accumulate resources that can help them have a sustainable future.
Additionally, players are also investing a huge amount in research and development in order to bring new products in global acetyls market. These research and developments are also helping businesses to establish their expertise in the domain. This as a result allows the players to have a competitive edge over their rivals in global acetyls market.
- According to International Federation of Pharmaceutical Manufacturers & Association, research and development hold a substantial share in the growth of global acetyls market. The pharmaceutical companies are investing US$ 148.9 bn in research and development to develop competitive product in global acetyls market.
Some of the prominent players of global acetyls market are:
- LyondellBasell Industries Holdings B.V.
- Celanese Corporation
- Daicel Corporation
- BP plc
- Wacker Chemie AG
- Eastman Chemical Company
Global Acetyls Market: Key Drivers
Neurological Drugs are Gaining Major Traction
Acetyls are extensively used in manufacturing of the neurological drugs. This because acetylated drugs exhibit exceptional ability to cross the selectively permeable blood-brain barrier, this as result allows the drug to reach to the brain quickly, enabling a strong drug effect. This ability of the acetyls makes them appropriate for the patients suffering from brain stroke. It also increases the effectiveness of the drug making the drug more popular in pharmaceutical division. Based on these properties, the global acetyls market is witnessing a consistent growth in the forecast period of 2019 to 2027.
Potential Anti-Radiation Drug
There are several researches under process to confirm the acetyl drugs as anti-radiation drugs. There are developments that can develop an acetyl-based drug that can reduce and eliminate the radiation from the patient’s body that has undergone chemotherapy. The potential application as an anti-radiation drug has ignited several research and development activities in recent years. These research and development are one of the major factors responsible for the growth of global acetyls market in the forecast period of 2019 to 2027.
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Global Acetyls Market: Regional Analysis
Asia Pacific Excluding Japan or APEJ is expected to emerge as a leading region of global acetyls market. The growth of the region is attributed to the growing number of pharmaceutical companies in India, China, and Singapore. These industries are making substantial use of acetyls in development of several drugs. Based on these developments, the APEJ holds maximum potential for the players of global acetyls market in the forecast period of 2019 to 2027.
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
- 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.