Bio-acetic Acid Market to Achieve 6.1% CAGR by 2030

The global Bio-Acetic Acid Market, valued at $250.64 million in 2022, is poised for substantial growth, with a projected compound annual growth rate (CAGR) of 6.1% over the forecast period. This growth is attributed to a confluence of factors that are driving the demand for bio-based acetic acid, which is derived from renewable feedstocks, such as biomass and agricultural residues, as a sustainable alternative to traditional, petrochemical-derived acetic acid.Environmental concerns and a heightened awareness of the need for sustainable alternatives in various industries have sparked a surge in the demand for bio-acetic acid.