Bio-Acetic Acid Market Growth Prospects And Size By 2032

(MENAFN- Alliance News) The research study conducted by Report Ocean on the " Bio-acetic Acid Market " spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.

Global Bio-acetic Acid Market is valued at approximately USD 206.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.99% over the forecast period 2022-2029 . Bio-based acetic acid is a colorless liquid with a sour taste and pungent smell that is formed from lignocellulosic biomass through a bioconversion method. Factors such as rising usage of bio-based Vinyl Acetate Monomer (Vam), stringent government regulations over conventional acetic acids, and increasing globalization and industrialization are accelerating the growth of the market.

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The increasing application of bio-acetic anhydride in the global pharmaceutical industry is acting as a key driving factor for market growth around the world. As per the Statista analysis, in 2020, the total expenditure on pharmaceutical research and development accounted for USD 198 billion, which is anticipated to reach USD 254 billion by the year 2026. Accordingly, the rising emphasis on pharmaceutical research and development is exhibiting a positive influence on the growth of the bio-acetic acid market. Moreover, increasing prices of crude oil and rising demand for personal care products and the textile industry are presenting various growth prospects over the forecasting years. However, scarcity and social constraints for raw materials and rising environmental concerns regarding the harmful effects are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bio-acetic Acid Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the space in terms of revenue, owing to the thriving growth of the end-use industries and ongoing infrastructural development projects in countries such as India and China. Whereas, North America is expected to grow significantly during the forecast period. Factors such as a rising focus on enhancing the aesthetical appeal of buildings and growing requirement for bio-based chemicals are burgeoning the market growth in the forecasting years.

Major market players included in this report are:

Airedale Chemicals

Cargill, Inc.

Bio-Corn Products EPZ Ltd

Godavari Biorefineries Ltd.

Sucroal SA

Novozymes A/S

LanzaTech

Afyren SAS

BTG Bioliquids

Wacker Chemie AG

Recent Developments in the Market:

In 2019, WACKER Chemie AG announced the launch of a polymer binder based on a renewable source and it comprises bio-based acetic acid. The product offers better moisture protection in structures, and also stand out for their lower emission characteristics.
Global Bio-acetic Acid Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analysts working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:

Vinyl Acetate Monomer (VAM)

Acetic Anhydride

Acetate Esters

Purified Terephthalic Acid

Ethanol

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Key Questions Answered in the Market Report:

? How did the COVID-19 pandemichave an impact onthe adoption ofviaa range ofpharmaceutical andexistencesciences companies?
? What is the outlook for theaffectmarketall throughthe forecastlength2023-2032?
? What are the keydevelopmentsinfluencing thehave an impact onmarket? How will theyhave an impact onthe market in short-, mid-, and long-term duration?
? What is thegive uppersonappreciationtoward?
? What are the keyelementsimpacting thehave an effect onmarket? What will be therehave an impact onin short-, mid-, and long-term duration?
? What are the keypossibilitiesareas in theinfluencemarket? What is theirworkablein short-, mid-, and long-term duration?
? What are the keytechniquesadoptedviagroupsin thehave an effect onmarket?
? What are the keyutilityareas of theinfluencemarket? Whichutilityispredictedtokeepthevery bestincreaseattainableall throughthe forecastduration2023-2033?
? What is thefavoureddeploymentmannequinfor the impact? What is theboomconceivableofquite a numberdeploymentfashionsexistingin the market?
? Who are the keyceasecustomersof pharmaceutical quality? What is their respective share in theaffectmarket?
? Which regional market ispredictedtomaintaintheeasiestboompossiblein thehave an impact onmarketat some stage inthe forecastlength2023-2032?
? Which are the keygamersin thehave an impact onmarket?

Growth Hampering Factors in the Market:

• Environmental regulations : Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
• Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
• Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
• Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
• Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
• Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
• Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
• Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
• Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.

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