logo

Bio-Acetic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Raw Material (Biomass, Corn, Maize, Sugar, and Other Raw Materials), Application (Vinyl Acetate Monomer, Acetate Esters, Purified Terephthalic Acid, Acetic Anhydride, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Home Industry Reports Chemicals & Materials Bio-Acetic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - ...

Market Snapshot

Bio-Acetic Acid Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The bio-acetic acid market is expected to grow at a CAGR of above 4% during the forecast period. The major factors driving the growth of the market studied are the rising crude oil prices, increasing demand for Vinyl Acetate Monomer (VAM) market, and stringent government regulations. On the flip side, the scarcity & social constraints for raw materials, and environmental concerns regarding the harmful effects are some of the factors hampering the growth of the studied market.

  • Vinyl Acetate Monomer (VAM) segment dominated the market and is likely to grow during the forecast period, with the growing applications like polyvinyl acetate and polyvinyl alcohol.
  • The development of new separation technologies to increase production efficiency is likely to provide opportunities for the studied market during the forecast period.

Scope of the Report

The bio-acetic acid market report includes:

Raw Material
Biomass
Corn
Maize
Sugar
Other Raw Materials
Application
Vinyl Acetate Monomer (VAM)
Acetate Esters
Purified Terephthalic Acid (PTA)
Acetic Anhydride
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Vinyl Acetate Monomer (VAM) Segment to Dominate the Market Demand

  • Bio-based VAM is produced by oxidative addition of bio-based acetic acid (AcOH) to ethylene, in a continuous packed bed reactor containing Pd-Au catalyst, supported on silica and promoted by potassium acetate.
  • Among all the applications, vinyl acetate monomer (VAM) holds the largest market share, owing to the extensive use of VAM in the paints and coatings, textile and adhesives, and sealants market.
  • The applications of vinyl acetate monomer are mostly mature. Ethylene-vinyl acetate (EVA) and vinyl acetate-ethylene (VAE) copolymers are considered as the strongest growth areas of the VAM market.
  • The trend of globalization continues, with the addition of production capacity in China. The demand for VAM is consolidating and has shifted to China and other Asian countries, whereas the United States and Western Europe are considered as mature markets.
  • The Asia-Pacific region is estimated to register the highest growth rate in the VAM market during the forecast period, owing to the increasing demand for industrial fabrics.
  • Thus, all such trends in the VAM market is expected to drive the demand for the bio-acetic acid market during the forecast period.
Bio-Acetic Acid Market Revenue Share

To understand key trends, Download Sample Report

United States to Dominate the North America Region

  • The United States segment of the market studied is expected to grow at a high pace, during the forecast period. The country’s food and meat processing industry is one of the major consumers of bio-acetic acid. The production of meat and poultry has increased, due to an increase in exports to countries, like China, South Korea, Japan, Canada, and Mexico.
  • Advanced Hardwood Biofuels Northwest (AHB), a consortium of university and industry partners in the country, funded by the USDA National Institute of Food and Agriculture, is developing a system to produce renewable liquid biofuels and bio-based chemicals from sustainably-grown hybrid poplar trees.
  • One of the most financially promising bio-based chemicals that could be produced by the AHB process is acetic acid. It is the building block of ethanol, ethylene, and jet fuel. It is not only produced with the highest yields out of all the potential bio-chemicals but also has one of the highest selling prices. Configuring bio-refinery to produce acetic acid allows market flexibility and the ability to upgrade the acid to other chemicals and fuels. A sizeable amount of acetic acid can be produced in the United States, owing to technological developments in AHB.
  • Moreover, there are many existing bio-refineries in the United States that process corn into sugars (such as high fructose corn syrup), oils, animal feeds, and food ingredients (such as xanthan gum). More than 200 ethanol bio-refineries have been built, which use corn's starch for biofuel, and the remaining protein and fat for animal fodder and vegetable oils.
  • the aforementioned factors are likely to increase the demand and consumption of bio-acetic acid during the forecast period.
Bio-Acetic Acid Market Regional Trends

To understand geography trends, Download Sample Report

Competitive Landscape

The bio-acetic acid market is a consolidated market, where few major players hold significant share of the market demand. Some of the major players in the market include Zea2, Godavari Biorefineries Ltd., Sucroal SA, Novozymes AS, and Wacker Chemie AG, amongst others.

Bio-Acetic Acid Market - Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Crude Oil Prices

      2. 4.1.2 Increasing Demand for Vinyl Acetate Monomer (VAM)

      3. 4.1.3 Stringent Government Regulations over Conventional Acetic Acids

    2. 4.2 Restraints

      1. 4.2.1 Scarcity and Social Constraints for Raw Materials

      2. 4.2.2 Environmental Concerns Regarding the Harmful Effects

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

    6. 4.6 Demand and Supply Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 Biomass

      2. 5.1.2 Corn

      3. 5.1.3 Maize

      4. 5.1.4 Sugar

      5. 5.1.5 Other Raw Materials

    2. 5.2 Application

      1. 5.2.1 Vinyl Acetate Monomer (VAM)

      2. 5.2.2 Acetate Esters

      3. 5.2.3 Purified Terephthalic Acid (PTA)

      4. 5.2.4 Acetic Anhydride

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Airedale Chemical

      2. 6.4.2 Bio-Corn Products EPZ Ltd

      3. 6.4.3 Godavari Biorefineries Ltd (GBL)

      4. 6.4.4 Sucroal SA

      5. 6.4.5 Zea2

      6. 6.4.6 Cargill Corporation

      7. 6.4.7 Novozymes AS

      8. 6.4.8 LanzaTech

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of New Separation Technologies to Increase Production Efficiency

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Bio-Acetic Acid Market market is studied from 2016 - 2026.

The Bio-Acetic Acid Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Zea2, Godavari Biorefineries Ltd., Sucroal SA, Novozymes AS, Wacker Chemie AG are the major companies operating in Bio-Acetic Acid Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!