Latin America Bio Acetic Acid Market Size & Outlook
Latin America bio acetic acid market, 2018-2030 (US$M)
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Latin America bio acetic acid market highlights
- The Latin America bio acetic acid market generated a revenue of USD 13.7 million in 2022.
- The market is expected to grow at a CAGR of 4.9% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 13.7 million |
| Market revenue in 2030 | USD 20.2 million |
| Growth rate | 4.9% (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, Latin America region accounted for 6.5% 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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Latin America 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 42.34% in 2022. Horizon Databook has segmented the Latin America 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.
Central & South America is one of the flourishing economies across the world due to the established mining and agricultural sectors in the region. In addition, the rising economy is further attributed to the expanding travel & tourism industry.
Countries such as Brazil, Peru, Chile, Argentina, and Columbia are known as ideal vacation destinations due to the existence of abundant mountains and wildlife across the countries. This factor is likely to trigger the demand for new infrastructural developments.
The hotel and hospitality sector is likely to skyrocket over the future years, resulting in the development of new hotels and guest houses across the region. This is likely to intensify the demand for paints & coatings across the region. Paints & coatings and plastics are widely used in hotels to improve the aesthetic appearance of buildings.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America bio acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bio acetic acid market size, by country, 2018-2030 (US$M)
Latin America Bio Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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