Global Bio-acetic Acid Market Size study & Forecast, by Application (Vinyl Acetate Monomer (VAM), Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, Others) and Regional Analysis, 2022-2029

Global Bio-acetic Acid Market Size study & Forecast, by Application (Vinyl Acetate Monomer (VAM), Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, Others) and Regional Analysis, 2022-2029

Global Bio-acetic Acid Market is valued at approximately USD 206.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.99% over the forecast period 2022-2029. Bio-based acetic acid is a colorless liquid with a sour taste and pungent smell that is formed from lignocellulosic biomass through a bioconversion method. Factors such as rising usage of bio-based Vinyl Acetate Monomer (Vam), stringent government regulations over conventional acetic acids, and increasing globalization and industrialization are accelerating the growth of the market.

The increasing application of bio-acetic anhydride in the global pharmaceutical industry is acting as a key driving factor for market growth around the world. As per the Statista analysis, in 2020, the total expenditure on pharmaceutical research and development accounted for USD 198 billion, which is anticipated to reach USD 254 billion by the year 2026. Accordingly, the rising emphasis on pharmaceutical research and development is exhibiting a positive influence on the growth of the bio-acetic acid market. Moreover, increasing prices of crude oil and rising demand for personal care products and the textile industry are presenting various growth prospects over the forecasting years. However, scarcity and social constraints for raw materials and rising environmental concerns regarding the harmful effects are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bio-acetic Acid Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue, owing to the thriving growth of the end-use industries and ongoing infrastructural development projects in countries such as India and China. Whereas, North America is expected to grow significantly during the forecast period. Factors such as a rising focus on enhancing the aesthetical appeal of buildings and growing requirement for bio-based chemicals are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Airedale Chemicals
Cargill, Inc.
Bio-Corn Products EPZ Ltd
Godavari Biorefineries Ltd.
Sucroal SA
Novozymes A/S
LanzaTech
Afyren SAS
BTG Bioliquids
Wacker Chemie AG
Recent Developments in the Market:
 In 2019, WACKER Chemie AG announced the launch of a polymer binder based on a renewable source and it comprises bio-based acetic acid. The product offers better moisture protection in structures, and also stand out for their lower emission characteristics.
Global Bio-acetic Acid Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Vinyl Acetate Monomer (VAM)
Acetic Anhydride
Acetate Esters
Purified Terephthalic Acid
Ethanol
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World



Companies Mentioned

Airedale Chemicals
Cargill, Inc.
Bio-Corn Products EPZ Ltd
Godavari Biorefineries Ltd.
Sucroal SA
Novozymes A/S
LanzaTech
Afyren SAS
BTG Bioliquids
Wacker Chemie AG

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