Global Bio Acetic Acid Market 2024-2028
Bio Acetic Acid Market 2024-2028
The bio acetic acid market is forecasted to grow by USD 68.8 mn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the bio acetic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing crude oil prices, high demand for vinyl acetate monomer (VAM), and introduction of new products.
Technavio's bio acetic acid market is segmented as below:
By Source
By End-user
- Chemical manufacturing
- Food industry
- Personal care
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the expansion in production of bio-based acetic acid as one of the prime reasons driving the bio acetic acid market growth during the next few years. Also, rising demand for biofuels and increasing production demand for automobiles will lead to sizable demand in the market.
The report on the bio acetic acid market covers the following areas:
- Bio Acetic Acid Market sizing
- Bio Acetic Acid Market forecast
- Bio Acetic Acid Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading bio acetic acid market vendors that include Airedale Group, Bio-Corn Products EPZ Ltd., BTG Bioliquids B.V, Cargill Inc., Celanese Corp., Chemball HangZhou Chemicals Co. Ltd., Daicel Corp., Eastman Chemical Co., Fisher Scientific GmbH, Godavari Biorefineries Ltd., LanzaTech Global Inc., Lenzing AG, LyondellBasell Industries N.V., Novozymes AS, Sekab, Shandong Hualu-Hengsheng Chemical Co. Ltd, Sucroal SA, Vinipul Inorganics Pvt. Ltd., and Wacker Chemie AG. Also, the bio acetic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.