Bio-acetic Acid Market Analysis

Application (Acetic Anhydride, Vinyl Acetate Monomer, Acetate Esters, Purified Terephthalic Acid)

The vinyl acetate monomer (VAM) segment in the bio-acetic acid market is estimated to gain the largest revenue share of about 40% in the year 2037. The growth of the segment can be attributed to the rising production of paints and coatings. According to the American Coatings Association, the United States shipped paint and coatings worth USD 1.1 billion to Canada and USD 632 million to Mexico in 2021, totaling USD 1.7 billion. VAMs are highly used in paints and coatings to enhance the adhesion of the substances, this increases the longevity and durability of both paints and coatings.

End User (Food & Beverage, Pharmaceutical, Chemical, Textiles, Agriculture, Cleaning Agents, Rubber & Plastic, Water & Wastewater Treatment; Energy)

Bio-acetic acid market from the chemical segment is expected to garner a significant share of around 35% in the year 2037. Bio-acetic acid is an important industrial chemical and chemical reagent for the production of chemicals. It is used as an initiating reactant for the synthesis of different chemical intermediates. Moreover, it is used in the formation of various organic compounds, anhydrides, and esters. It also facilitates reaction and product separation in the chemical industry by serving as a solvent.

Our in-depth analysis of the global market includes the following segments: