The India Acetic Acid Market demonstrates robust expansion, valued at US$ 567 million in 2024 and projected to reach US$ 789 million by 2030, growing at a steady CAGR of 5.7%. This organic compound, vital across multiple industrial applications, is witnessing surging demand due to its versatile use as a food additive, chemical intermediate, and key ingredient in purified terephthalic acid (PTA) production.
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Market Overview & Regional Analysis
Western India leads domestic production with Gujarat housing major manufacturing facilities, while southern states show accelerating consumption due to expanding textiles and pharmaceuticals sectors. The government’s production-linked incentive (PLI) schemes for chemicals and recent ethanol blending policies have further stimulated market activity. Meanwhile, eastern regions are emerging as new demand centers with growing PTA capacity additions.
Globally, China remains India’s primary competitor in production capacity, though domestic players are gaining ground through backward integration initiatives. Southeast Asian nations have become significant export destinations, particularly for food-grade acetic acid applications.
Key Market Drivers and Opportunities
The market growth is propelled by three pivotal factors: expanding vinyl acetate monomer (VAM) production for paints and adhesives, rising PTA demand for polyester fibers, and increasing adoption in food preservation applications. The textile industry accounts for approximately 38% of consumption, followed by chemicals (32%) and food processing (18%).
Opportunities abound in green acetic acid production methods and specialized food-grade formulations. With pharmaceutical applications growing at 7.2% annually and the packaging sector’s shift toward biodegradable materials, acetic acid’s role continues to diversify beyond traditional industrial uses.
Challenges & Restraints
Market growth faces headwinds from methanol price volatility (acetic acid’s primary feedstock), stringent environmental regulations on chemical emissions, and competition from alternative solvents. Infrastructure bottlenecks in chemical logistics and dependence on imports for certain production technologies remain persistent challenges.
Market Segmentation by Type
- Below 5% PAA
- 10%-12% PAA
- 15% PAA
- Others
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Market Segmentation by Application
- Food & Beverages
- Water Treatment
- Healthcare
- Pulp & Paper
- Others
Market Segmentation and Key Players
- SRF Limited
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- Reliance Industries Limited
- Jubilant Life Sciences
- Mitsubishi Chemical Corporation
- Celanese Corporation
- GNFC Limited
- JBCPL
- Dahej Petrochemicals
- Indian Oil Corporation Limited
Report Scope
This comprehensive report analyzes the India Acetic Acid Market from 2024-2030, providing:
- Revenue and volume forecasts with historical trend analysis
- Detailed segmentation by concentration and end-use industries
- Manufacturing capacity and production outlook
- Price trend analysis and raw material impact assessment
The research includes thorough competitive analysis featuring:
- Company market shares and positioning
- Production capacity benchmarking
- Strategic initiatives and expansion plans
- Financial performance of key players
Market dynamics assessment covers:
- Regulatory landscape and policy impacts
- Supply chain analysis
- Technology developments
- Import-export trends
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