250 Pages Bio-Based Acetic Acid Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry survey by Fact MR, predicts sales of Bio-Based Acetic Acid to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Bio-Based Acetic Acid. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Bio-Based Acetic Acid Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Bio-Based Acetic Acid market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Bio-Based Acetic Acid
This newly published and insightful report sheds light on Market Insights of Bio-Based Acetic Acid, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Bio-Based Acetic Acid Market.
Market Segments Covered in Bio-based Acetic Acid Industry Analysis
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By Source
- Biomass
- Corn Starch
- Maize
- Others
-
By Function
- Additive
- Intermediate
- Acidifying agent
- Others (flavor enhancer, reagent etc.)
-
By End Use
- Food Products
- Vinegar
- Seasonings
- Pickles
- Sauces
- Mayonnaise
- Others
- Chemical Production
- Terephthalic Acid (PTA)
- Vinyl Acetate Monomer (VAM)
- Textile Industry
- Processing
- Printing
- Pharma Products
- Personal Care Products
- Hair Care
- Mouthwashes
- Breath fresheners
- Others
- Others
- Food Products
Competitive Landscape
Majority of companies discussed in the report have focused on developing a method for processing cost-effective bio-based chemicals and are expanding their supply chain in developing regions.
Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Some of the key developments are:
- On 25th August 2016, “Technip” signed a cooperation agreement with BTG BioLIquids to provide EPC services for its modular pyrolysis plants. The agreement added value to Technip’s global strength in technology, procurement, engineering and construction with BTL’s experience.
- Godavari in collaboration with Praj Industries is planning to expand its manufacturing capacity of ethanol from 400 KLPD to 600 KLPD, using sugarcane syrup. This will also support the manufacturing of bio-based acetic acid and add value to the business plan of bio-based acetic acid.
- On 23rd March 2021, AFRYN secured a long term procurement contract of sugar beet co-products, a major feedstock for industrial-scale production of sustainable chemicals from “Sudzucker”, a European leading sugar producer. The partnership between AFRYN & Sudzucker will guarantee supply for the feedstock to the AFRYN NEOXY plant which is anticipated to produce bio-based acetic acid by end of 2021.
Similarly, other recent developments related to companies manufacturing bio-based acetic acid have been tracked by the team at Fact.MR, which are available in the full report.
Key Takeaways from Market Study
- Bio-based acetic acid usage in food products is forecast to register a CAGR of 5.9% and be valued at US$ 30 Mn by 2031-end.
- Textile industry end use is expected to hold 12.2% market value share by 2031-end, but is anticipated to lose 51 BPS in its market share by then.
- Chemical production is anticipated to capture 28.7% market value share by 2031-end, and is projected to gain 114 BPS.
- Acidity regulator function has the highest growth potential in the bio-based acetic acid market in terms of market acceptance. This function is expected to gain 251 BPS by 2031.
- Bio-based acetic acid usage in pharma products is projected to grow 1.5X in value during the forecast period, while usage in personal care products is projected to grow 1.4X.
“Rising inclination towards sustainability and focus on strengthening the bio-based economy are anticipated to open new opportunities for bio-based acetic acid manufacturers,” says a Fact.MR analyst.
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Report Benefits & Key Questions Answered
- Bio-Based Acetic Acid Company & brand share analysis: The report offers brand-share analysis on Bio-Based Acetic Acid market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Bio-Based Acetic Acid Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Bio-Based Acetic Acid Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Bio-Based Acetic Acid Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Bio-Based Acetic Acid Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Bio-Based Acetic Acid: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Bio-Based Acetic Acid sales.
More Valuable Insights on Bio-Based Acetic Acid Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Bio-Based Acetic Acid, Sales and Demand of Bio-Based Acetic Acid, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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