India Acetic Acid Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The India acetic acid market is currently witnessing steady growth. Acetic acid (CH₃COOH) is a colorless organic compound produced both synthetically and by bacterial fermentation. Also known as ethanoic acid or methane carboxylic acid, it is employed in the production of cellulose acetate, vinyl acetates monomer (VAM), metal acetates, and volatile acetates. At present, acetic acid finds extensive application in the textile, chemical, food and beverage (F&B), and paints and coatings industry across India.

The increasing investments from multinational companies in the country are strengthening the growth of the acetic acid market in India. Apart from this, the leading manufacturers are introducing capacity expansions, new plant installations, and facility revamps to expand their overall production, which, in turn, is fueling the market growth. Furthermore, the burgeoning end use industries are escalating the demand for acetic acid in the country. However, the ongoing coronavirus disease (COVID-19) and the imposition of lockdown have resulted in the temporary closures of various manufacturing units. This is negatively impacting the market growth. The India acetic acid market is expected to experience growth once lockdown restrictions are uplifted. Looking forward, the market is expected to continue its steady growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India acetic acid market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and end use industry.

Breakup by Application:

VAM
PTA
Anhydride
Ethyl Acetate
Butyl Acetate
Others

Breakup by End Use Industry:

Plastics & Polymers
Food & Beverage
Inks, Paints & Coatings
Chemicals
Pharmaceuticals
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the India acetic acid market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the India acetic acid market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the India acetic acid market and who are the key players?
What is the degree of competition in the industry?