India Acetic Acid Market Size, Share to Grow at a CAGR of 5.64% by FY2032 | ChemAnalyst

By | January 17, 2023

According to ChemAnalyst report, India Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Port-wise Export, FY2015-FY2032”, The India Acetic Acid Market is likely to reach around 2000 thousand tonnes by FY2032, at a CAGR of 5.64% during the forecasted period. The end-use industries like Ethyl Acetate, Purified terephthalic acid (PTA), Acetic Anhydride, Monochloro Acetic Acid, and Others are anticipated to expand the India Acetic Acid Market in the upcoming times.

Acetic Acid is a colourless, liquid compound with a chemical formula of CH₃COOH. There are various chemical and fermentative processes that can be used to create acetic acid, with the chemical process predominating in the industrial usage. Most of the production processes involve the carbonylation of methanol promoted by an iodine compound and catalysed by a Rhodium catalyst or Iridium catalyst. The fermentative process is employed mainly for applications in food and beverage industry. Owing to its acidic composition, acetic acid gives food items a sour flavour and acts as a preservative. is also employed as a feedstock for acetic anhydride, cellulose acetate, acetate esters, chloroacetic acid, and a variety of other chemical synthesis.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-acetic-acid-comprehensive-techno-commercial-market–3

Acetic Acid is primarily employed by the Ethyl Acetate manufacturers. Ethyl acetate serves as a solvent for cellulose fibres, dry cleaning, dyes, varnish, lacquers, and other materials. It is extensively used for the production of Purified Terephthalic Acid (PTA), which is employed in the production of PET bottles. Moreover, The production of Vinyl Acetate Monomer (VAM), a crucial step in the production of a wide range of polymers. Acetic Acid is also employed to produce polymers to manufacture containers, thin films, textiles, resins, etc. Owing to rapid industrialization across India, the demand of these polymers and solvents are bound to rise which will most likely create a surge in the demand of Acetic Acid in the forecast period of FY2032.

The India Acetic Acid Market is segmented based on end-use, sales channel, and region. Based on end-use segment, the India Acetic Acid market is segmented into Ethyl Acetate, Purified terephthalic acid (PTA), Acetic Anhydride, Monochloro Acetic Acid, and Others. Ethyl Acetate segment is leading the market and held a share of roughly 40% in FY2022. Furthermore, Purified terephthalic acid (PTA) sector is also a leading consumer and is anticipated to swell the demand of Acetic Acid in the upcoming years.

Regionally, Indian Acetic Acid market is segregated into four regions based on regional consumption: West, South, North, and South. West India is expected to be the largest consumer even in FY2023. To meet the growing demand of food-grade acetic acid, Jubilant Ingrevia Limited recently commissioned a new green acetic acid plant in the first quarter of FY2023 with an annual capacity of 25 thousand tonnes per annum. The plant is aimed to meet standards of product certifications like FSSAI, ISO 22000, Kosher, FCC Codex, and Halal etc. To further boost the domestic production of Acetic Acid and meet the increasing demand for the same, there is a need to encourage a larger number of domestic manufacturers to emerge in the Acetic Acid market.

Book A Demo Online Request: India Acetic Acid Market Analysis Report

 “India Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, Port-wise Export, FY2015-FY2032” As of FY2022, Gujarat Narmada Valley is the only producer of Acetic Acid in India.

“The rapidly increasing demand of acetic acid to manufacture polymers and solvents like Ethyl Acetate, Purified terephthalic acid (PTA), Acetic Anhydride, Monochloro Acetic Acid, and Vinyl Acetate Monomer (VAM) which are employed by various industries like paints & coatings, dyes, thinner, and packaging is expected to boost the India Acetic Acid Market in the forecast period until FY2032. Acetic Acid is utilized to synthesize Vinyl Acetate Monomer (VAM), a crucial compound in the production of a wide range of polymers and resins for sealants, films, paints & coatings, textiles. Owing to rapid industrialization, the demand of VAM will expand. Moreover, Acetic Acid is utilized in manufacturing dyes and inks which will result in expansion of Acetic Acid market in the upcoming times. Additionally, the demand for Acetic Acid is anticipated to further surge in the near term due to its application as a preservative agent in the food & beverage sector. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

About Us

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.

ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyze historical data for past years but will also get to analyze short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.

ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.

Contact Us:

Imani Jex

420 Lexington Avenue,

Suite 300, New York,

NY, United States, 10170

Call:- +1 3322586602

Email: [email protected]

Website: https://www.chemanalyst.com/