the innovation could serve as a low-carbon alternative for industries such as acetate fiber manufacturing and pharmaceutical intermediates going forward." ...

As per Intent Market Research, the Vinyl Acetate Monomer Market was valued at USD 3.0 Billion in 2024-e and will surpass USD 17.0 Billion by 2030; growing at a CAGR of 33.8% during 2025 - 2030.

The evasion attempt was made by two companies, Global Textile and Meher International, who misdeclared the import of 'Acetate Tow' from the UAE as 'Polyester Staple Fiber' to avoid paying Rs.