Press Release

India Acetic Acid Market to be Dominated by Plastic & Polymers Segment Through 2028

India Acetic Acid Market is expected to grow in the forecast period 2024-2028 due to growing demand from end-user industries, especially plastic & polymer sector.

According to TechSci Research report, “India Acetic Acid Market - By Region, Competition, Forecast and Opportunities, 2018-2028F”, India Acetic Acid market size is anticipated to increase at a substantial rate in the forecast period. A significant factor fueling the growth of India Acetic Acid Market is the increasing demand from the polymer and plastic industry. Acetic acid is used in the production of Purified Terephthalic Acid which is further used in the manufacturing of PET bottles used for the storage of soda and other beverages.

Acetic acid, also known as ethanoic acid, is a colorless organic compound included under carboxylic acids. Development and growing applications in various industries such as paints & coatings, adhesives & sealants, and textiles will globally augment market growth. Moreover, PTA is used for manufacturing polyester, and the increasing demand for polyester in the textile and packaging industries leads to the high consumption of PTA. Along with this, acetic acid is considered safe for utilization in foods if it is utilized in a manner that is consistent with excellent manufacturing practices, and in “food-grade”. Additionally, acetic acid is also used in the production of vinyl acetate monomer (VAM) which acts as an intermediate to make resins and polymers for coatings, films, adhesives, textiles, paints, and other end-products, further fueling the growth of India Acetic Acid Market.

For instance, RX Chemicals produced vinyl acetate monomer (VAM), which is used in various applications such as foam, shoe soles, injection molding, etc.

Furthermore, the market is being further stimulated by the growing demand for acetic acid for various applications in food & beverage, pharmaceuticals, paint and coatings, and the chemical sector.

However, high exposure to acetic acid causes many problems such as irritation to the eyes, skin, and mucous membranes, further slowing down the market growth. Also, fluctuations in the availability and cost of these raw materials (methanol and carbon monoxide) have a significant impact on the production and pricing of acetic acid, which further slows down market growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Acetic Acid Market"

India Acetic Acid market is segmented based on application, end-user industry, and region.

Based on the application, the market is divided into vinyl acetate monomer, purified terephthalic acid, acetate esters, ethanol, and others.  Vinyl Acetate Monomer segment is expected to hold the largest market share in the forecast period. Acetic acid is a major raw material used in the production of vinyl acetate monomer, which is further used for the production of Polyvinyl acetate and is also used to make resins and polymers for coatings, films, adhesives, textiles, paints, and other end-products.

Based on the end-user industry, the market is categorized into food & beverage, plastic & polymers, paints & coatings, pharmaceuticals, and others. Plastic & polymers segment is expected to hold the largest market share in the forecast periodAcetic acid is used as a raw material in the production of many polymers such as polyvinyl acetate (PVA) which is widely used in the production of adhesives, paints, and coatings. Along with this, during the polymerization process, acetic acid acts as a solvent and helps to control the molecular weight and viscosity of the polymer.

Major companies operating in the India Acetic Acid market are:

  • Indian Oil Corporation
  • Pentoky Organy India Limited
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • Jubilant Ingrevia Limited

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“India Acetic Acid market has seen significant growth in recent years, driven by the increasing demand from various end-use industries, such as food & beverage, plastic & polymers, paints & coatings, and pharmaceutical. Technological advancements have had a significant impact on the acetic acid market in India, which helps in improving the efficiency, performance, and environmental friendliness of products. Along with this, increasing demand for various polymer and intermediate products such as vinyl acetates monomer, purified terephthalic acid, and ethyl acetate in various application sectors, creates lucrative opportunities for market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Acetic Acid Market, By Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol, Others) By End User Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings, Pharmaceutical, Others) By Region, Competition, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of India Acetic Acid market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Acetic Acid market.”

Mr. Ken Mathews
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