Published by FACT MR
Posted on September 24, 2021
Recently released bio-based acetic acid market analysis by Fact.MR, a market research and competitive intelligence provider, showcases that the market reached US$ 44.1 Mn in 2020, and is expected to be valued over US$ 45.6 Mn by 2021-end.
The bio-based acetic acid industry had shown a decrease in growth during 2020 with worldwide revenues down 1.8% year-on-year. However, owing to gradual recovery and rising demand followed by increasing production, overall revenue is projected to grow 1.6X from 2021 to 2031.
The bio-based acetic acid market research performed by Fact.MR delves on key details such as current and speculative production capacity, capacity utilization rates of each producer, price growth and production optimization strategy across value chain and many more.
Click Here To get a Sample Report (Including Full TOC, Table & Figures):- https://www.factmr.com/connectus/sample?flag=S&rep_id=1189
Growth of the bio produced acetic acid market primarily depends on demand generated from food and chemical industries. Substantial increase in the sales of sugar-based bio-acetic acid is also one of the reasons behind overall market growth in terms of value.
The latest research report on the Survey of Bio-Based Acetic Acid Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Bio-Based Acetic Acid market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.
The Demand analysis of Bio-Based Acetic Acid Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Bio-Based Acetic Acid Market across the globe.
A comprehensive estimate of the Demand of Bio-Based Acetic Acid market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Bio-Based Acetic Acid during the forecast period. Price point comparison by region with the global average price is also considered in the Survey study of Bio-Based Acetic Acid market.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into Sales revenue estimations and projections in the Market Insights of Bio-Based Acetic Acid.
Key stakeholders in Bio-Based Acetic Acid Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
The Market survey of Bio-Based Acetic Acid offers a comprehensive analysis of diverse features, including production capacities analysis &Insights of Bio-Based Acetic Acid Market, demand of Bio-Based Acetic Acid market, product developments, revenue generation, and Size of Bio-Based Acetic Acid Market across the globe.
Key Highlights from the Insights Report of Bio-Based Acetic Acid Market:
Growing utilization of environmentally friendly construction materials has increased demand for bio-based polymeric binders. Polymeric binders are valuable raw materials in the construction and coating industry. By looking into the growing use of bio-based acetic acid for paints & coatings, leading manufacturers are focusing on adopting the biomass balance method to process bio-based products, which will be more suitable for the utilization as binders in plasters and paints.
For instance, in 2019 WACKER introduced a polymer binder based on a renewable source, which includes bio-based acetic acid. Products based on bio-based acetic acid provide enhanced moisture protection in structures, and they also they stand out for their lower emission characteristics.
Demand for polymeric binders in paints & coatings application will provide an impetus to the demand for bio-based acetic acid
Upsurge in demand for vinegar for cooking, baking, cleaning, and weed control applications has increased the utilization rate of bio-based acetic acid. Vinegar typically consists of 4-7% of acetic acid and is considered as the main ingredient after water.
It has been observed that vinegar intake reduces blood sugar level and insulin level after a meal. Also, it helps to reduce cholesterol in certain cases, in weight management, and in treating several physical ailments including nail fungus, warts and ear infections which can be treated by vinegar.
These benefits of vinegar coupled with rising consumer consciousness regarding bio-based content in food products such as vinegar will bolster demand for bio-based acetic acid.
Buy Now for Exclusive Analyst Support :- https://www.factmr.com/checkout/1189
Some Notable Offerings by Fact.MR Report on Bio-Based Acetic Acid market:
Europe is expected to account for over 34% of bio-based acetic acid demand throughout the analysis period. Owing to the COVID-19 pandemic in 2020, most European nations with high demand for bio based acetic acid experienced a decline, and the overall European market shrank by nearly 1.5% year-on-year. Despite the downfall across Europe, total demand for bio-based acetic acid reached over 14,737 MT in 2020.
The North American market has the second-largest number of consumers of bio-based acetic acid after Europe. Especially, the U.S. bio-based acetic acid market is anticipated to portray growth over the forecast period. Upsurge in the requirement for bio-based chemicals along with supportive initiatives towards a bio-based economy is anticipated to show great growth potential over the forecast period.
South Asia and Oceania, led by India, is anticipated to rise at a CAGR of 4.8% during the forecast period. South Asia Oceania’s market has growth potential in terms of production growth, but in terms of consumption, the region has a nominal growth prospective compared to Europe and North America.
East Asia is one of the potential markets for bio-based acetic acid. The region witnessed over 7,551 MT consumption in 2020, and is anticipated to rise at a CAGR of 4.9% over the forecast period.
How Fact.MR Assists in Making Strategic Moves For Bio-Based Acetic Acid Market Manufacturer?
The data provided in the Survey Report of Bio-Based Acetic Acid market offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
Some of the Bio-Based Acetic Acid Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
It is a clear demonstration that the transition from a fossil fuel-based economy into a bio-based economy is expensive, which requires a huge amount of resources and capital, and most importantly, is time-consuming.
Cost-effective production routes to bio-acetic acid is still a challenge. Co-production of chemicals & materials can generate the necessary added value to overcome the economic hardship behind the production of bio-based acetic acid. Co-production of corn oil and distiller dried grains with solubles (DDGS) in a dry mill ethanol plant is an example of the same.
Burgeoning bio-based economy, where traditional sources of feedstock can be replaced by biomass, will incrementally grow in complexity and size. Analysing every aspect of sustainability the opportunities are not always clear. Therefore it is recommended that a true valuation be placed on biomass for future use.
Hemicellulose and lignin, cellulose, as well as other plant materials, are valuable assets and companies should explore the potential opportunities to maximize the economic, environmental and social benefits of different methods for their use.
Top producers of bio based vinyl acetate monomer are based in the US and the country also had witnessed 1.5 million metric tons of VAM production in 2020. By considering the demand for bio based vinyl acetate monomer, the US is regarded as one of the highest markets for bio-based acetic acid during the forecast period.
Additionally, the country is welcoming several manufacturers of bio-based chemicals from across the globe and is also importing bio-based chemicals from others countries to meet domestic demand. In terms of volume, the U.S. bio-based acetic acid market is expected to expand at a CAGR of 5.5% over the forecast period and reach 14,995 MT consumption by 2031-end.
Request Customized Report as Per Your Requirements – https://www.factmr.com/connectus/sample?flag=RC&rep_id=1189
Rise in consumption of formic acid in the textile industry contracted global bio-acetic acid market sales. Utilisation of formic acid for alkali neutralization including cotton pre-treatment, mercerizing, bleaching, dyeing, and cleaning is mostly preferred over acetic acid. This is because up to one-third lesser quantity of formic acid is required for neutralizing alkalis when compared to acetic acid.
Moreover, depending on pH, formic acid has proven more efficient than acetic acid, especially for the use of printing recipes, additives, thickening agents, etc. Additionally, BIOCID-NV is an organic acid that acts as a replacement for acetic acid in the textile industry. The iconic property of the organic acid not only has the function of pH adjustment but also can be used in neutralization, finishing, etc.
In chemical production, bio-based acetic acid has huge potential as a precursor for vinyl acetate monomer (VAM) production. In 2020, over 75% of bio-based acid was utilized for the production of VAMs.
Bio-based acetic acid consumption for chemical production was over 12,607 MT in 2020, and this is expected to increase at a CAGR of 4.8% over the forecast period.
The textile industry is emerging in terms of consumption of bio-acetic acid, and it is anticipated to account for 12.3% of overall demand by 2031-end. Bio-based acetic acid in the textile industry is mostly preferred for dyeing. In 2020, over 64% of bio-based acetic acid consumed in the textile industry was for dyeing purposes.
Future demand in the global bio based acetic acid market is set to escalate in the personal care industry as well. It has been used in the formulation of bundled personal care products including shampoos, conditioners, hair rinses, etc.
Bio-based acetic acid has a strong foothold in the chemical industry, and is slightly diversified in textile, food, and personal care industries. The market is anticipated to diversify at a faster pace over the long-run forecast period.
After reading the Market insights of Bio-Based Acetic Acid Report, readers can:
China: China is one of the most prominent markets for bio-based acetic acid both in terms of production and consumption. Although, considering the past 4 years statistics the country had grown at a moderate pace with a CAGR of 1.4%.
But owing to the fact such as overall acetic acid market growth, an increase in the consumption of acetic acid in bio-based VAM production, the country is expected to grow at a CAGR 5.2% during the forecast period. China bio-based VAM demand had increased at a CAGR of 5.2%, and is expected that the demand will increase at 6.7% CAGR over the forecast period.
Germany: Consumption of bio-based acetic acid in Germany had gained traction since 2019 after WACKER introduced its new product lineups, manufactured from bio-based material, which also included bio-based acetic acid. In 2020, the country witnessed over 15.8% of total consumption of bio-based acetic acid across Europe.
Austria: Austria is a prominent market for bio-based acetic acid in Europe. Lenzing AG is a manufacturer responsible for large production of bio-based chemicals in the country, which includes acetic acid as well. The country holds over 20% of the overall market share in Europe.
Sweden: Sweden is home to the world’s largest producer of bio-based acetic acid – SEKAB. The country is not only rich in terms of production but also in terms of consumption. Over 17% of European consumption of bio-based acetic acid is from Sweden.
Read More Trending Reports of Fact.MR: – https://www.globenewswire.com/en/news-release/2019/09/03/1909726/0/en/Lightweight-Structural-Material-Gaining-Prominence-in-Aerostructure-Equipment-Market-Finds-Fact-MR.html
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Bio-Based Acetic Acidnning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com
The post Personal Care And Textile Industry Is Anticipated To Grow Demand For Bio-based Acetic Acid Market appeared first on The Cloud Tribune.
Recently released bio-based acetic acid market analysis by Fact.MR, a market research and competitive intelligence provider, showcases that the market reached US$ 44.1 Mn in 2020, and is expected to be valued over US$ 45.6 Mn by 2021-end.
The bio-based acetic acid industry had shown a decrease in growth during 2020 with worldwide revenues down 1.8% year-on-year. However, owing to gradual recovery and rising demand followed by increasing production, overall revenue is projected to grow 1.6X from 2021 to 2031.
The bio-based acetic acid market research performed by Fact.MR delves on key details such as current and speculative production capacity, capacity utilization rates of each producer, price growth and production optimization strategy across value chain and many more.
Click Here To get a Sample Report (Including Full TOC, Table & Figures):- https://www.factmr.com/connectus/sample?flag=S&rep_id=1189
Growth of the bio produced acetic acid market primarily depends on demand generated from food and chemical industries. Substantial increase in the sales of sugar-based bio-acetic acid is also one of the reasons behind overall market growth in terms of value.
The latest research report on the Survey of Bio-Based Acetic Acid Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Bio-Based Acetic Acid market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.
The Demand analysis of Bio-Based Acetic Acid Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Bio-Based Acetic Acid Market across the globe.
A comprehensive estimate of the Demand of Bio-Based Acetic Acid market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Bio-Based Acetic Acid during the forecast period. Price point comparison by region with the global average price is also considered in the Survey study of Bio-Based Acetic Acid market.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into Sales revenue estimations and projections in the Market Insights of Bio-Based Acetic Acid.
Key stakeholders in Bio-Based Acetic Acid Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
The Market survey of Bio-Based Acetic Acid offers a comprehensive analysis of diverse features, including production capacities analysis &Insights of Bio-Based Acetic Acid Market, demand of Bio-Based Acetic Acid market, product developments, revenue generation, and Size of Bio-Based Acetic Acid Market across the globe.
Key Highlights from the Insights Report of Bio-Based Acetic Acid Market:
Growing utilization of environmentally friendly construction materials has increased demand for bio-based polymeric binders. Polymeric binders are valuable raw materials in the construction and coating industry. By looking into the growing use of bio-based acetic acid for paints & coatings, leading manufacturers are focusing on adopting the biomass balance method to process bio-based products, which will be more suitable for the utilization as binders in plasters and paints.
For instance, in 2019 WACKER introduced a polymer binder based on a renewable source, which includes bio-based acetic acid. Products based on bio-based acetic acid provide enhanced moisture protection in structures, and they also they stand out for their lower emission characteristics.
Demand for polymeric binders in paints & coatings application will provide an impetus to the demand for bio-based acetic acid
Upsurge in demand for vinegar for cooking, baking, cleaning, and weed control applications has increased the utilization rate of bio-based acetic acid. Vinegar typically consists of 4-7% of acetic acid and is considered as the main ingredient after water.
It has been observed that vinegar intake reduces blood sugar level and insulin level after a meal. Also, it helps to reduce cholesterol in certain cases, in weight management, and in treating several physical ailments including nail fungus, warts and ear infections which can be treated by vinegar.
These benefits of vinegar coupled with rising consumer consciousness regarding bio-based content in food products such as vinegar will bolster demand for bio-based acetic acid.
Buy Now for Exclusive Analyst Support :- https://www.factmr.com/checkout/1189
Some Notable Offerings by Fact.MR Report on Bio-Based Acetic Acid market:
Europe is expected to account for over 34% of bio-based acetic acid demand throughout the analysis period. Owing to the COVID-19 pandemic in 2020, most European nations with high demand for bio based acetic acid experienced a decline, and the overall European market shrank by nearly 1.5% year-on-year. Despite the downfall across Europe, total demand for bio-based acetic acid reached over 14,737 MT in 2020.
The North American market has the second-largest number of consumers of bio-based acetic acid after Europe. Especially, the U.S. bio-based acetic acid market is anticipated to portray growth over the forecast period. Upsurge in the requirement for bio-based chemicals along with supportive initiatives towards a bio-based economy is anticipated to show great growth potential over the forecast period.
South Asia and Oceania, led by India, is anticipated to rise at a CAGR of 4.8% during the forecast period. South Asia Oceania’s market has growth potential in terms of production growth, but in terms of consumption, the region has a nominal growth prospective compared to Europe and North America.
East Asia is one of the potential markets for bio-based acetic acid. The region witnessed over 7,551 MT consumption in 2020, and is anticipated to rise at a CAGR of 4.9% over the forecast period.
How Fact.MR Assists in Making Strategic Moves For Bio-Based Acetic Acid Market Manufacturer?
The data provided in the Survey Report of Bio-Based Acetic Acid market offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
Some of the Bio-Based Acetic Acid Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
It is a clear demonstration that the transition from a fossil fuel-based economy into a bio-based economy is expensive, which requires a huge amount of resources and capital, and most importantly, is time-consuming.
Cost-effective production routes to bio-acetic acid is still a challenge. Co-production of chemicals & materials can generate the necessary added value to overcome the economic hardship behind the production of bio-based acetic acid. Co-production of corn oil and distiller dried grains with solubles (DDGS) in a dry mill ethanol plant is an example of the same.
Burgeoning bio-based economy, where traditional sources of feedstock can be replaced by biomass, will incrementally grow in complexity and size. Analysing every aspect of sustainability the opportunities are not always clear. Therefore it is recommended that a true valuation be placed on biomass for future use.
Hemicellulose and lignin, cellulose, as well as other plant materials, are valuable assets and companies should explore the potential opportunities to maximize the economic, environmental and social benefits of different methods for their use.
Top producers of bio based vinyl acetate monomer are based in the US and the country also had witnessed 1.5 million metric tons of VAM production in 2020. By considering the demand for bio based vinyl acetate monomer, the US is regarded as one of the highest markets for bio-based acetic acid during the forecast period.
Additionally, the country is welcoming several manufacturers of bio-based chemicals from across the globe and is also importing bio-based chemicals from others countries to meet domestic demand. In terms of volume, the U.S. bio-based acetic acid market is expected to expand at a CAGR of 5.5% over the forecast period and reach 14,995 MT consumption by 2031-end.
Request Customized Report as Per Your Requirements – https://www.factmr.com/connectus/sample?flag=RC&rep_id=1189
Rise in consumption of formic acid in the textile industry contracted global bio-acetic acid market sales. Utilisation of formic acid for alkali neutralization including cotton pre-treatment, mercerizing, bleaching, dyeing, and cleaning is mostly preferred over acetic acid. This is because up to one-third lesser quantity of formic acid is required for neutralizing alkalis when compared to acetic acid.
Moreover, depending on pH, formic acid has proven more efficient than acetic acid, especially for the use of printing recipes, additives, thickening agents, etc. Additionally, BIOCID-NV is an organic acid that acts as a replacement for acetic acid in the textile industry. The iconic property of the organic acid not only has the function of pH adjustment but also can be used in neutralization, finishing, etc.
In chemical production, bio-based acetic acid has huge potential as a precursor for vinyl acetate monomer (VAM) production. In 2020, over 75% of bio-based acid was utilized for the production of VAMs.
Bio-based acetic acid consumption for chemical production was over 12,607 MT in 2020, and this is expected to increase at a CAGR of 4.8% over the forecast period.
The textile industry is emerging in terms of consumption of bio-acetic acid, and it is anticipated to account for 12.3% of overall demand by 2031-end. Bio-based acetic acid in the textile industry is mostly preferred for dyeing. In 2020, over 64% of bio-based acetic acid consumed in the textile industry was for dyeing purposes.
Future demand in the global bio based acetic acid market is set to escalate in the personal care industry as well. It has been used in the formulation of bundled personal care products including shampoos, conditioners, hair rinses, etc.
Bio-based acetic acid has a strong foothold in the chemical industry, and is slightly diversified in textile, food, and personal care industries. The market is anticipated to diversify at a faster pace over the long-run forecast period.
After reading the Market insights of Bio-Based Acetic Acid Report, readers can:
China: China is one of the most prominent markets for bio-based acetic acid both in terms of production and consumption. Although, considering the past 4 years statistics the country had grown at a moderate pace with a CAGR of 1.4%.
But owing to the fact such as overall acetic acid market growth, an increase in the consumption of acetic acid in bio-based VAM production, the country is expected to grow at a CAGR 5.2% during the forecast period. China bio-based VAM demand had increased at a CAGR of 5.2%, and is expected that the demand will increase at 6.7% CAGR over the forecast period.
Germany: Consumption of bio-based acetic acid in Germany had gained traction since 2019 after WACKER introduced its new product lineups, manufactured from bio-based material, which also included bio-based acetic acid. In 2020, the country witnessed over 15.8% of total consumption of bio-based acetic acid across Europe.
Austria: Austria is a prominent market for bio-based acetic acid in Europe. Lenzing AG is a manufacturer responsible for large production of bio-based chemicals in the country, which includes acetic acid as well. The country holds over 20% of the overall market share in Europe.
Sweden: Sweden is home to the world’s largest producer of bio-based acetic acid – SEKAB. The country is not only rich in terms of production but also in terms of consumption. Over 17% of European consumption of bio-based acetic acid is from Sweden.
Read More Trending Reports of Fact.MR: – https://www.globenewswire.com/en/news-release/2019/09/03/1909726/0/en/Lightweight-Structural-Material-Gaining-Prominence-in-Aerostructure-Equipment-Market-Finds-Fact-MR.html
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Bio-Based Acetic Acidnning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website: https://www.factmr.com
The post Personal Care And Textile Industry Is Anticipated To Grow Demand For Bio-based Acetic Acid Market appeared first on The Cloud Tribune.
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