How Increasing Demand for Adhesives is Contributing to Acetyls Market Growth?

For any product to reach its final stage, it has to go through the whole process of being extracted from raw materials, further refining or combing with other materials, and then further processing. Adhesives, are an essential component in the manufacturing of numerous products, be it any industry, such as electronics, wood/timber, packaging, leather goods, or furnishing. This is where acetyls come in; they are an essential component of adhesives themselves. 

Acetyls, such as vinyl acetate and ethyl acetate monomer, are significant in the adhesives industry. Ethyl acetate solvent-based adhesives have a better bonding strength than equivalent toluene-based adhesives. Poly vinyl acetate (PVA or PVAc), commonly known as wood glue or carpenter’s glue, extensively utilizes vinyl acetate monomer for its manufacturing. When it is emulsified in water, it is used as an adhesive for porous materials, such as cloth, wood, paper, and sandstone. Therefore, acetyls are in high demand due to the flourishing end-use industries where adhesives are used.

In a P&S Intelligence study, it was reported that the acetyls market would accumulate $34,283.2 million in the coming years, advancing at a 6.9% CAGR from 2015, when it garnered $22,004.7 million. An acetyl group contains a methyl and a carbonyl group. From a small molecule, such as an OH group, to those with long chains of carbon atoms, this group can be attached to any molecule.  The acetyl group is used in the manufacturing of various products, such as acetic anhydride, acetic acid, ethyl acetate, and vinyl acetate monomer. 

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In 2015, among all the products derived from those with an acetyl group, acetic acid was consumed the most. Acetic acid, also known as methanecarboxylic acid and ethanoic acid, is a colorless liquid with a pungent smell, which is used as a raw material in many industries. Even in the coming time, acetic acid would continue to be in the highest demand.

Among North America, Asia-Pacific, Europe, and other parts of the world, the highest demand for acetyl and its derivatives was generated in the Asia-Pacific region. This can be attributed to the various flourishing end-use industries, such as packaging and textiles and paints and coatings and the growing requirement for adhesives in construction and furniture here. 

The improving gross domestic product of many countries, such as India and China, has resulted in the increasing spending power of customers as well as money inflow in industries, thereby resulting in a high demand for finished products. This region is expected to generate the highest demand for acetyls in the coming years as well as the requirement for products manufactured by numerous industries would be the maximum here.

A shift toward renewable energy from non-renewable sources is being observed as the latter are leading to high levels of pollution. Photo voltaic (PV) modules are used for storing energy generated from the sun. These modules have a glass­-top surface, an outer frame, a rear layer, and an encapsulant, which is mostly made of ethylene-vinyl acetate (EVA). 

In the solar power industry, EVA is gaining popularity due to its superior optical properties, cross-linking bonding abilities, and high durability. One of the major challenges that solar module manufacturers face is ensuring that in harsh outdoor environments, PV modules last long. EVA, a copolymer of vinyl acetate and ethylene, is used to make the encapsulant, which provides better protection against delamination and corrosion and has remarkable durability.