Bio-acetic Acid Market Size, Share & Trends Report

Bio-acetic Acid Market (2023 - 2030) Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Ethanol), By Region, And Segment Forecasts

Market Segmentation

Bio-Acetic Acid Application Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)
- Vinyl Acetate Monomer
- Acetic Anhydride
- Acetate Esters
- Purified Terephthalic Acid
- Ethanol
- Others
Bio-Acetic Acid Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Bio-Acetic Acid Market, By Application
    - Vinyl Acetate Monomer (VAM)
    - Acetic Anhydride
    - Acetate Esters
    - Purified Terephthalic Acid
    - Ethanol
    - Other Applications
  - U.S.
    - U.S. Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Canada
    - Canada Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Mexico
    - Mexico Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
- Europe
  - Europe Bio-Acetic Acid Market, By Application
    - Vinyl Acetate Monomer (VAM)
    - Acetic Anhydride
    - Acetate Esters
    - Purified Terephthalic Acid
    - Ethanol
    - Other Applications
  - Germany
    - Germany Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - France
    - France Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - UK
    - UK Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
- Asia Pacific
  - Asia Pacific Bio-Acetic Acid Market, By Application
    - Vinyl Acetate Monomer (VAM)
    - Acetic Anhydride
    - Acetate Esters
    - Purified Terephthalic Acid
    - Ethanol
    - Other Applications
  - China
    - China Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - India
    - India Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Japan
    - Japan Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - South Korea
    - South Korea Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
- Central & South America
  - Central & South America Bio-Acetic Acid Market, By Application
    - Vinyl Acetate Monomer (VAM)
    - Acetic Anhydride
    - Acetate Esters
    - Purified Terephthalic Acid
    - Ethanol
    - Other Applications
  - Brazil
    - Brazil Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Argentina
    - Argentina Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
- Middle East & Africa
  - Middle East & Africa Bio-Acetic Acid Market, By Application
    - Vinyl Acetate Monomer (VAM)
    - Acetic Anhydride
    - Acetate Esters
    - Purified Terephthalic Acid
    - Ethanol
    - Other Applications
  - Saudi Arabia
    - Saudi Arabia Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Qatar
    - Qatar Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - Egypt
    - Egypt Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications
  - South Africa
    - South Africa Bio-Acetic Acid Market, By Application
      - Vinyl Acetate Monomer (VAM)
      - Acetic Anhydride
      - Acetate Esters
      - Purified Terephthalic Acid
      - Ethanol
      - Other Applications

Bio-Acetic Acid Market Dynamics

Drivers: Growing Demand For Bio-Based Acetic Anhydride In Pharmaceuticals Industry

The increasing demand for acetic anhydride from the global pharmaceuticals industry is fueling the growth of bio-acetic acid market worldwide. It is expansively used for manufacturing an array of medicines, involving paracetamol. Augmented consumption of paracetamol for headaches, fever, vomiting, body pain, and so on is contributing to the increased usage of bio-acetic acid across the globe. Bio-acetic anhydride is also utilized as a raw material to produce medicines, involving acetaminophen, theophylline, cortisone, and others. The market for bio-acetic acid is predicted to boost as the global demand for bio-based medicines is projected to rise in the coming years. The pharmaceutical industry is showing a growing interest in using bio-based acetic anhydride to reduce their carbon footprint and promote sustainable practices. The demand for this product is expected to continue growing in the future, as the industry continues to seek out environmentally friendly alternatives to traditional chemicals.

Increasing Usage Of Bio-Based Vinyl Acetate Monomer (Vam)

Bio-based vinyl acetate monomer (VAM) is becoming increasingly popular across the world due to its eco-friendly and sustainable nature compared to traditionally sourced VAM. For instance, in August 2021, Croda International launched a new range of bio-based building blocks, including bio-based VAM. This range includes products made from renewable resources such as sugarcane and CO2, which are used in the production of adhesives and coatings. This initiative is part of the company's commitment to promoting sustainable practices and reducing their environmental impact. In addition, several major chemical companies such as BASF and Dow are investing heavily in research and development of biobased chemicals, including VAM. These companies are exploring the use of renewable resources and biotechnology to create more sustainable and eco-friendly products. The major application of vinyl acetate monomer (VAM) is the production of polyvinyl acetate and polyvinyl alcohol, which account for a share of over 80% of its utilization globally. VAM has optical clarity, possesses the fiber-forming capability, and has adhesion properties that enable its application in several end-use industries such as construction, packaging, cosmetics, and textiles. The flourishing construction, packaging, and cosmetics industries worldwide are anticipated to fuel the demand for biobased VAM. This, in turn, is expected to drive the global demand for bio-acetic acid in the coming years.

Restraint: High Global Prices Of Bio-Acetic Acid

The increased cost of manufacturing bio-acetic acid is that it frequently needs more complex and time-consuming production processes in comparison with traditional acetic acid. For instance, bio-acetic acid is often produced through fermentation of natural sugars or waste materials, which can be a slower and more expensive process compared to producing acetic acid from fossil fuels. In addition, the cost of raw materials utilized to manufacture bio-acetic acid is likely to be greater than traditional fossil-based feedstock. Great global costs of bio-acetic acid, along with its inadequate feedstock, are predicted to constrain the growth of bio-acetic acid market worldwide, in the future. Several factors contributing to the huge costs of bio-acetic acid are increasing prices of crude oil, rising demand for renewable materials, and surging investments in green technologies. Alterations in the prices of raw materials lead to substantial spikes in costs of bio-acetic acid owing to the increasing global demand for bio-based products. An increase in the prices of raw materials used for developing bio-acetic acid directly results in a surge in its prices. This is expected to restrain the growth of the bio-acetic acid market over the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this bio-acetic acid market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Bio-Acetic acid market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments