Bio-Based Acetic Acid Industry is Anticipated to Grow at a CAGR of 5.3% by 2033

The global bio-based acetic acid market is valued to be US$ 53.9 million in 2023 and it is anticipated to grow at a CAGR of 5.3% to reach US$ 90.4 million by the end of 2033.

Download Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=1189

One of the main factors propelling the industry's expansion is the rising use of bio-acetic acid in the food, beverage, and pharmaceutical sectors. The market had a shortage of raw materials as a result of the strong demand from the pharmaceutical business during the COVID-19 epidemic, which led to a rise in pricing from manufacturers. One of the factors contributing to the overall market's value growth is the significant rise in sales of bio-acetic acid made from sugar.

Key Takeaways of Bio-Based Acetic Acid Market

• Growing Demand for Sustainable Chemicals: The bio-based acetic acid market is experiencing significant growth due to the increasing demand for sustainable and environmentally friendly chemicals. As concerns about climate change and environmental impact intensify, industries are actively seeking alternatives to conventional, fossil fuel-based chemicals. Bio-based acetic acid, derived from renewable feedstocks such as biomass or bioethanol, offers a greener solution with reduced carbon emissions and a lower ecological footprint.

• Favorable Government Regulations and Policies: Government support and favorable regulations are playing a crucial role in driving the growth of the bio-based acetic acid market. Many countries are implementing policies and regulations to promote the use of bio-based products, including bio-based chemicals like acetic acid. These policies often include incentives, subsidies, and tax benefits for manufacturers and consumers, creating a favorable market environment and encouraging the adoption of bio-based acetic acid.

• Advancements in Bio-Based Technology: Technological advancements in bio-based manufacturing processes have significantly contributed to the growth of the bio-based acetic acid market. Innovations in biotechnology, fermentation techniques, and enzymatic processes have made the production of bio-based acetic acid more efficient and cost-effective. These advancements have helped overcome challenges related to scalability, yield, and purity, making bio-based acetic acid a commercially viable alternative to its fossil fuel-based counterpart.

• Expanding Applications in Various Industries: Bio-based acetic acid finds applications across multiple industries, further driving its market growth. It is extensively used as a chemical intermediate in the production of numerous products, including vinyl acetate monomer (VAM), purified terephthalic acid (PTA), cellulose acetate, and various solvents and coatings. The versatility of bio-based acetic acid makes it a valuable ingredient in industries such as textiles, packaging, adhesives, paints, and coatings, among others.

Get Customization on this Report for Specific Research Solutions:

https://www.factmr.com/connectus/sample?flag=RC&rep_id=1189

Eminent Players Key Stratagems

The market is consolidated in nature with top 5-7 players holding more than 1/3rd share of the total production of bio-based acetic acid across the globe. Since the cost of production is a major challenge, companies are focusing and investing on developing the innovative production techniques that costs lower and enable manufacturers to offer a competitive price to their consumers / industries.

Key Companies Profiled:

• Afyren
• BTG Bioliquids
• Godavari Biorefineries Ltd.
• Lenzing AG
• SEKAB
• Wacker Chemie AG
• Zeachem

Segmentation of Bio-based Acetic Acid Industry Research

• By Source :

o Biomass
o Corn Starch
o Maize
o Others

• By Function :

o Additive
o Intermediate
o Acidifying agent
o Others (flavor enhancer, reagent etc.)

For in-depth competitive analysis, Buy Now:

https://www.factmr.com/checkout/1189

Key Questions Covered in the Bio-Based Acetic Acid Market Report:

• What is the projected value of the Bio-Based Acetic Acid factors Industry in 2023?
• At what rate will the global Bio-Based Acetic Acid factors market size grow until 2033?
• Which are the factors hampering the growth of Bio-Based Acetic Acid factors?
• Which region is expected to lead in the global Bio-Based Acetic Acid factors market by 2033?
• Which are the factors driving the Bio-Based Acetic Acid factors Industry during the forecast period?
• What is the expected market value of the Bio-Based Acetic Acid factors market during the forecast period?

Regional Analysis for Bio-Based Acetic Acid Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of industry research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.