North America Bio Acetic Acid Market Size & Outlook
North America bio acetic acid market, 2018-2030 (US$M)
Related Markets
North America bio acetic acid market highlights
- The North America bio acetic acid market generated a revenue of USD 44.8 million in 2022.
- The market is expected to grow at a CAGR of 5.7% from 2023 to 2030.
- In terms of segment, vinyl acetate monomer was the largest revenue generating application in 2022.
- Acetic Anhydride is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 44.8 million |
| Market revenue in 2030 | USD 70.0 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Acetic Anhydride |
| 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, North America region accounted for 21.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Bio Acetic Acid Market Scope
Bio Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North 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 41.96% in 2022. Horizon Databook has segmented the North 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.
The paint & coating industry in North America is expected to witness substantial growth in the coming years. This is driven by the expanding construction industry in the region, which is expected to grow at a high rate over the forecast period.
Paints and coatings are essential elements in the architecture industry for enhancing the aesthetical appeal of buildings. Paints and coatings are used in both interior and exterior applications (such as to protect the buildings from unwanted scratches, rain-soaking, and blistering walls) in the architecture industry.
In addition, VAM is used to produce packaged films. North America is likely to witness an increase in the consumption of packaged industrial goods, which is expected to boost the demand for packaging films. Bio-acetic acid is an essential source of VAM which is widely used in the production of packaging materials.
Reasons to subscribe to North America bio acetic acid market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America bio acetic acid market databook
-
Our clientele includes a mix of bio acetic acid market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America bio acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into North America bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America bio acetic acid market size, by country, 2018-2030 (US$M)
North America Bio Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
