Middle East & Africa Bio Acetic Acid Market Size & Outlook
Middle East & Africa bio acetic acid market, 2018-2030 (US$M)
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MEA bio acetic acid market highlights
- The MEA bio acetic acid market generated a revenue of USD 15.9 million in 2022.
- The market is expected to grow at a CAGR of 4.1% 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, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 15.9 million |
| Market revenue in 2030 | USD 21.9 million |
| Growth rate | 4.1% (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 |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.6% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Bio Acetic Acid Market Scope
Bio Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 42.77% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East and Africa region holds significant potential for the growth of the bio-acetic acid market due to the increasing demand for sustainable and eco-friendly products across different industries. Bioacetic acid has found its applications in various sectors such as food and beverage, pharmaceuticals, textiles, and paints and coatings due to its non-toxic nature and high biodegradability.
Although there is limited information on the current demand and trends for bio-acetic acid in the Middle East and Africa region, the region has been making efforts to promote sustainable measures and reduce environmental impact.
For instance, in 2021, the UAE-based company, Neutral Fuels, produced biofuels from used cooking oil to reduce environmental pollution and dependency on fossil fuels. The company used bio-acetic acid as a key raw material in the production of biofuels.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bio acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA bio acetic acid market size, by country, 2018-2030 (US$M)
Middle East & Africa Bio Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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