The India acetic acid market size reached 1.3 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 2.0 Million Tons by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 | 1.3 Million Tons |
Market Forecast in 2032 | 2.0 Million Tons |
Market Growth Rate (2024-2032) | 4.7% |
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. The India acetic acid market is expected to experience growth once lockdown restrictions are uplifted.
IMARC Group provides an analysis of the key trends in each sub-segment of the India acetic acid market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on 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.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | Million Tons |
Segment Coverage | Application, End Use Industry, Region |
Region Covered | North India, West and Central India, South India, East India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The India acetic acid market reached a volume of 1.3 Million Tons in 2023.
We expect the India acetic acid market to exhibit a CAGR of 4.7% during 2024-2032.
The rising demand for acetic acid across various industries, such as electronics, automobiles, textiles, etc., in producing greases, coatings, polyesters, and sealants, is primarily driving the India acetic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous production activities for acetic acid.
Based on the application, the India acetic acid market has been segmented into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. Among these, VAM currently exhibits a clear dominance in the market.
Based on the end use industry, the India acetic acid market can be divided into plastics & polymers, food & beverage, inks, paints & coatings, chemicals, pharmaceuticals, and others. Currently, inks, paints & coatings hold the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India acetic acid market.