Market revenue in 2022 | USD 37.5 million |
Market revenue in 2030 | USD 55.9 million |
Growth rate | 5.1% (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 |
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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 41.87% in 2022. Horizon Databook has segmented the Europe 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.
VAM is a direct byproduct of bio-acetic acid and is used for producing numerous consumer and industrial goods. Adhesives and sealants are among the key applications of VAM that are extensively utilized in different end-use industries in Europe, including packaging, building and construction, transportation, electrical and electronics, woodworking and joinery, assembly, and consumer goods.
The utilization of bio-acetic acid in paints & coatings and construction sectors is a significant factor contributing to the growth of the bio-acetic acid market in Europe, primarily due to the ongoing infrastructural development initiatives across nations including Germany, France, the UK, and Italy.
According to a 2020 study by the European Commission, the building and construction industry accounts for around 10% of Europe's GDP and generates more than 20 million job prospects for the populace of the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe bio acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Europe bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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