Asia Pacific Bio Acetic Acid Market Size & Outlook
Asia Pacific bio acetic acid market, 2018-2030 (US$M)
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Asia Pacific bio acetic acid market highlights
- The Asia Pacific bio acetic acid market generated a revenue of USD 97.7 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, vinyl acetate monomer was the largest revenue generating application in 2022.
- Vinyl Acetate Monomer is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 97.7 million |
| Market revenue in 2030 | USD 149.9 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Vinyl Acetate Monomer |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol |
| Key market players worldwide | Air Products & Chemicals Inc, Cargill, Novonesis AS ADR, LanzaTech Global Inc Ordinary Shares - Class A, Bio-Corn Products, Sucroal, AFYREN, Godavari Biorefineries, BTG BioLiquids |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 46.6% of the global bio acetic acid market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 70.0 million by 2030.
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Bio Acetic Acid Market Scope
Bio Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific bio acetic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio acetic acid market will help companies and investors design strategic landscapes.
Vinyl acetate monomer was the largest segment with a revenue share of 42.78% in 2022. Horizon Databook has segmented the Asia Pacific bio acetic acid market based on vinyl acetate monomer, acetic anhydride, acetate esters, purified terephthalic acid, ethanol covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is recognized as a leading regional market for VAM in terms of its production. It is likely to account for a share of approximately 50% of the global market in terms of volume. The growth of VAM market in Asia Pacific can be attributed to the excessive demand for this monomer for use in adhesives, paints & coatings, solvents, plastics, cement, etc.
The production of VAM in Asia Pacific is anticipated surge significantly owing to the booming end-use industries such as automotive, construction, food & beverages, personal care products, and pharmaceuticals in the region that use VAM and acetate anhydride for continuous production of plastics, solvents, paints & coatings, etc. This factor is anticipated to contribute to the demand for VAM in Asia Pacific over the forecast period.
These factors are expected to contribute to the demand for plastics, paints & coatings, and, ultimately, the growth of the bio-acetic acid market.
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Our clientele includes a mix of bio acetic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bio acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific bio acetic acid market size, by country, 2018-2030 (US$M)
Asia Pacific Bio Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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