India Acetic Acid Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 4.7% (2024-2032)

Market Size in 2023: 1.3 Million Tons

Market Size in 2032:  2.0 Million Tons

The India acetic acid market is growing due to rising demand in chemicals, pharmaceuticals, and food industries, driving production expansion. According to the latest report by IMARC Group, the 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.

India Acetic Acid Market Trends and Drivers:

The extensive application of acetic acid in industries such as textiles, plastics, food and beverage, etc., are the factors responsible for the growth of the India acetic acid market. Additionally, acetic acid serves as a key raw material in producing chemicals such as vinyl acetate monomer (VAM) and purified terephthalic acid (PTA), essential for manufacturing adhesives, paints, and synthetic fibers.

Rapid industrialization and urbanization across India have increased the demand for these end-products, thereby boosting the need for acetic acid. Moreover, the expansion of the packaged food and beverage sector, where acetic acid is used as a preservative and acidity regulator, is further fueling market growth. Supportive government policies aimed at strengthening domestic chemical manufacturing are also playing a role by encouraging local production capacities and reducing reliance on imports.

The increasing focus on sustainable along with eco-friendly production methods as manufacturers strive to reduce their environmental impact is augmenting the India acetic acid market. In addition to this, innovations in green chemistry are enabling more efficient, low-emission production processes, which align with India’s broader environmental goals. Furthermore, the rising demand for bio-based acetic acid, derived from renewable resources, is gaining traction among manufacturers aiming to meet sustainability standards.

Another trend is the strategic expansion of production capacities by leading companies to meet the growing domestic needs while catering to export markets. The proliferation of online retail and e-commerce is also boosting demand for packaging materials, thereby driving the consumption of acetic acid in the plastics and adhesives sectors. A favorable economic outlook and strong industrial growth are anticipated to sustain the expansion of the India acetic acid market over the forecasted period.

Request for a sample copy of this report: https://www.imarcgroup.com/india-acetic-acid-market/requestsample

India Acetic Acid Market Industry Segmentation:

The report has segmented the market into the following categories:

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 report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=3147&flag=C

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:  

IMARC Group 

134 N 4th St. Brooklyn, NY 11249, USA 

Email: sales@imarcgroup.com 

Tel No:(D) +91 120 433 0800 

United States: +1-631-791-1145

• Uncategorized