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Bio-acetic Acid Market Size, Share & Trends Analysis Report By Application (VAM, Acetic Anhydride, Acetate Esters, PTA, Ethanol), By Region, And Segment Forecasts, 2022 - 2030

October 2022 | 100 pages | ID: B35299C4336FEN
Grand View Research, Inc.

US$ 5,950.00

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Bio-acetic Acid Market Growth & Trends

The global bio-acetic acid market size is expected to reach USD 319.6 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 4.9% during the forecast period. This increase can be attributed to the need for bio-acetic acid in the food and beverages and construction industries.

Asia Pacific region was valued at USD 100.7 Million in 2021 and is estimated to grow by registering a CAGR of 5.45% by 2030. The growth can be attributed to the growing automotive industry in the region and the developing economies. The automotive industry in Asia Pacific is expected to witness substantial growth in the coming years owing to the presence of leading motor vehicle brands such as Toyota, Kia, Nissan, and Hyundai in the region.

According to the Association of Southeast Asian Nations Automotive Federation, Asia Pacific produced 3,538,396 units of motor vehicles and 3,144, 243 units of motorcycles and scooters in 2021. It sold over 2,791,307 and 3,550,848 units of motor vehicles and two-wheelers, respectively in the same year. The rise in the production and sales of vehicles can be attributed to the increasing purchasing power of consumers and the growing population in the Asia Pacific. This factor is expected to contribute to the requirement for plastics and paints & coatings over the forecast period leading to market growth.

North America is another key region contributing to the industry’s growth due to the growing demand for paints and coatings in the region. It is estimated to reach USD 63.3 Million by 2030, registering a CAGR of 5.1% in the predicted years. The rising use of plastic is expected to positively influence the market, thus, driving the demand for Bio-acetic acid in the region in the forecast period. Some top plastic manufacturers in North America, such as Continental Structural Plastics Ltd., Nifco America Corp, and Sixarp LLC, produce plastics in large quantities and thus, highly rely on Bio-Acetic anhydride for the production of plastics which is anticipated to fuel the demand for Bio-acetic acid in the region over the coming years.

Another major factor influencing the growth of the industry is the increasing preference for bio-based products by end users owing to the rising disposable income of consumers. Manufacturers are constantly upgrading their product portfolios to meet the increasing requirements of end users, thereby leading to the surged consumption of VAM and related products. The growing global population and the ongoing urbanization and industrialization in emerging economies such as India have led governments of different countries across the world to increase their manufacturing expenditure to cater to the rising demand for bio-acetic acid.

The increasing use of bio-acetic acid in numerous end-use industries such as construction, automotive, packaging, and coatings is anticipated to create lucrative growth opportunities for the industry across the world, especially in the Asia Pacific. VAM is expected to witness significant market penetration globally owing to its increasing usage in the manufacturing of polymers, coatings, and adhesives. It is also widely used in films, textiles, and paints. Surging global demand for VAM is anticipated to positively impact the demand for bio-acetic acid worldwide. In addition, the increasing consumption of green chemicals globally is expected to fuel the utilization of bio-acetic acid.

The market is competitive owing to the presence of several players such as Cargill, Inc., Novozymes A/S, LanzaTech, and Afyren SAS. These players have strong distribution networks worldwide.

Bio-acetic Acid Market Report Highlights
  • Vinyl Acetate Monomer (VAM) application segment dominated with USD 91.9 Million in 2021. VAM is used for the production of packaged films, paints, and coatings, which is the major end-use industry
  • Asia Pacific dominated the market due to factors like the presence of global multinational companies in the region with high demand from end-use markets such as food & beverages, and paints & coatings
  • Companies such as Afyren are set to launch new brands for their biobased products to offer another level of sustainable solutions. This strategy is expected to attract more customers and investors who are seeking more green method solutions
  • The COVID-19 pandemic positively influenced the growth of the industry, due to the increasing consumption of paracetamol for treating high fever
Table Of Contents

CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
  1.3.1 Information Analysis
  1.3.2 Market Formulation & Data Visualization
  1.3.3 Data Validation & Publishing
1.4 Research Scope And Assumptions
  1.4.1 List Of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
  3.3.1 Raw Material Trends
  3.3.2 Manufacturing Trends
  3.3.3 Sales Channel Analysis
3.4 Price Trend Analysis
  3.4.1 Factors Influencing Prices
  3.4.2 Factors Influencing Prices
3.5 Regulatory Framework
3.6 Trade Analysis, 2017 To 2020 (Hs Code 291521)
3.7 Market Dynamics
  3.7.1 Market Driver Impact Analysis
    3.7.1.1 Growing Demand For Bio- Acetic Anhydride From Global Pharmaceuticals Industry
    3.7.1.2 Increasing Usage Of Bio-Based Vinyl Acetate Monomer (Vam) Across The World
  3.7.2 Market Restraint Impact Analysis
    3.7.2.1 High Global Prices Of Bio-Acetic Acid
  3.7.3 Industry Opportunities
  3.7.4 Industry Challenges
3.8 Impact Of Covid
3.9 Business Environment Analysis
  3.9.1 Porter’s Analysis
  3.9.2 Macro-Environmental Analysis

CHAPTER 4 BIO-ACETIC ACID MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1 Application Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
4.2 Bio-Acetic Acid Market Size, Forecasts, And Trend Analysis, By Application, 2018 - 2030 (Thousand Tons) (USD Million)
  4.2.1 Vinyl Acetate Monomers
  4.2.2 Acetic Anhydride
  4.2.3 Acetate Esters
  4.2.4 Purified Terephthalic Acid
  4.2.5 Ethanol
  4.2.6 Others

CHAPTER 5 BIO-ACETIC ACID MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

5.1 Regional Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
5.2 Bio-Acetic Acid Market Size, Forecasts, And Trend Analysis, By Region, 2018 - 2030 (Thousand Tons) (USD Million)
  5.2.1 North America
    5.2.1.1 U.S.
    5.2.1.2 Canada
    5.2.1.3 Mexico
  5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 France
    5.2.2.3 U.K.
  5.2.3 Asia Pacific
    5.2.3.1 China
    5.2.3.2 India
    5.2.3.3 Japan
    5.2.3.4 South Korea
  5.2.4 Central & South America
    5.2.4.1 Brazil
    5.2.4.2 Argentina
  5.2.5 Middle East & Africa

CHAPTER 6 BIO-ACETIC ACID MARKET – COMPETITIVE ANALYSIS

6.1 Key Global Players, Recent Developments & Their Impact On The Industry
6.2 Key Company/Competition Categorization
6.3 Vendor Landscape
  6.3.1 List Of Key Raw Material Suppliers
  6.3.2 List Of Manufacturers
  6.3.3 List Of Key Distributors And Channel Partners
  6.3.4 List Of Potential End-users
  6.3.5 Strategic Framework

CHAPTER 7 COMPANY PROFILES

7.1 Airedale Chemicals
  7.1.1 Company Overview
  7.1.2 Financial Performance
  7.1.3 Product Benchmarking
  7.1.4 Strategic Initiatives
7.2 Bio-Corn Products Epz Ltd.
  7.2.1 Company Overview
  7.2.2 Financial Performance
  7.2.3 Product Benchmarking
  7.2.4 Strategic Initiatives
7.3 Godavari Biorefineries Ltd.
  7.3.1 Company Overview
  7.3.2 Financial Performance
  7.3.3 Product Benchmarking
  7.3.4 Strategic Initiatives
7.4 Sucroal Sa
  7.4.1 Company Overview
  7.4.2 Financial Performance
  7.4.3 Product Benchmarking
  7.4.4 Strategic Initiatives
7.5 Cargill, Inc.
  7.5.1 Company Overview
  7.5.2 Financial Performance
  7.5.3 Product Benchmarking
  7.5.4 Strategic Initiatives
7.6 Novozymes A/S
  7.6.1 Company Overview
  7.6.2 Financial Performance
  7.6.3 Product Benchmarking
  7.6.4 Strategic Initiatives
7.7 Lanzatech
  7.7.1 Company Overview
  7.7.2 Financial Performance
  7.7.3 Product Benchmarking
  7.7.4 Strategic Initiatives
7.8 Afyren Sas
  7.8.1 Company Overview
  7.8.2 Financial Performance
  7.8.3 Product Benchmarking
  7.8.4 Strategic Initiatives
7.9 Btg Bioliquids
  7.9.1 Company Overview
  7.9.2 Financial Performance
  7.9.3 Product Benchmarking
  7.9.4 Strategic Initiatives
LIST OF TABLES

Table 1 Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 2 Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Million)
Table 3 North America Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 4 North America Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 5 U.S. Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 6 U.S. Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 7 Canada Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 8 Canada Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 9 Mexico Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 10 Mexico Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 11 Europe Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons) (USD Million)
Table 12 Europe Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 13 Germany Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 14 Germany Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 15 France Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 16 France Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 17 U.K. Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 18 U.K. Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 19 Asia Pacific Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 20 Asia Pacific Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 21 China Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 22 China Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 23 India Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 24 India Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 25 Japan Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 26 Japan Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 27 South Korea Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 28 South Korea Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 29 Central & South America Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 30 Central & South America Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 31 Brazil Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 32 Brazil Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 33 Argentina Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 34 Argentina Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 35 Middle East & Africa Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (Thousand Tons)
Table 36 Middle East & Africa Bio-Acetic Acid Market Volume & Revenue, By Application, 2018 - 2030 (USD Millions)
Table 37 Key Global Players, Recent Developments & Their Impact
Table 38 Key Company/Competition Categorization
Table 39 List Of Key Raw Material Suppliers
Table 40 List Of Manufacturers
Table 41 List Of Key Distributors And Channel Partners
Table 42 List Of Potential End-Users
LIST OF FIGURES

Fig. 1 Bio-Acetic Acid Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Bio-Acetic Acid Market, Segmental Outlook, 2021 (USD Million)
Fig. 8 Bio-Acetic Acid Market, Segmental Outlook, 2021 (USD Million)
Fig. 9 Bio-Acetic Acid Market Volume & Revenue, 2018 - 2030 (Thousand Tons) (USD Million)
Fig. 10 Global Bio-Acetic Acid Prices, 2018 - 2030 (USD/Kg)
Fig. 11 Bio-Acetic Acid Market Dynamics
Fig. 12 Market Driver Analysis
Fig. 13 Global Acetic Anhydride Demand, 2012 - 2020 (Million Tons)
Fig. 14 Market Restraint Analysis
Fig. 15 Bio-Acetic Acid Market: Porter’s Analysis
Fig. 16 Bio-Acetic Acid Market: Pestel Analysis
Fig. 17 Bio-Acetic Acid Market Revenue Share, By Regional, 2021 & 2030 (%)
Fig. 18 Bio-Acetic Acid Market Revenue Share, By Regional, 2021 & 2030 (%)
Fig. 19 Strategic Framework


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