U.S. Bio Acetic Acid Market Size & Outlook, 2022-2030
U.S. bio acetic acid market, 2018-2030 (US$M)
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U.S. bio acetic acid market highlights
- The U.S. bio acetic acid market generated a revenue of USD 32.8 million in 2022 and is expected to reach USD 52.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% 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.
Bio acetic acid market data book summary
| Market revenue in 2022 | USD 32.8 million |
| Market revenue in 2030 | USD 52.7 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Acetic Anhydride |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, U.S. accounted for 15.6% of the global bio acetic acid market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bio acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 52.7 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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U.S. 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 42.99% in 2022. Horizon Databook has segmented the U.S. 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.
- U.S. Bio Acetic Acid Application Outlook (Revenue, USD Million, 2018-2030)
- Vinyl Acetate Monomer
- Acetic Anhydride
- Acetate Esters
- Purified Terephthalic Acid
- Ethanol
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. bio acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into U.S. bio acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. bio acetic acid market size, by application, 2018-2030 (US$M)
U.S. Bio Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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