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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).
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:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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