Introduction
The global acetic acid market is experiencing substantial growth, projected to reach approximately USD 35.2 billion by 2032, up from USD 21.8 billion in 2023. This represents a compound annual growth rate (CAGR) of 4.90% from 2022 to 2032. The market’s expansion is primarily driven by increased demand from various end-use industries such as chemicals, textiles, and packaging. The rising consumption of acetic acid in the production of vinyl acetate monomer (VAM) and its derivatives, essential for manufacturing adhesives, paints, and coatings, is fueling this growth.
Key growth factors include the expanding applications of acetic acid in the food and beverage industry, where it is used as a preservative and flavoring agent, and in the production of purified terephthalic acid (PTA), crucial for polyester production. Additionally, the burgeoning demand for sustainable and eco-friendly chemicals is pushing companies to innovate and adopt advanced production technologies.
However, the market faces challenges such as fluctuating raw material costs and environmental regulations. The production of acetic acid often involves the use of methanol, which is subject to volatile price changes due to shifts in the global oil market. Environmental concerns and stringent regulations regarding emissions from acetic acid production also pose operational hurdles for manufacturers.
Celanese Corporation: Celanese has been focusing on strategic partnerships and capacity expansions, with plans to boost its acetic acid production by 15% through a new facility set to commence operations in 2024. LyondellBasell Industries Holding B.V.: LyondellBasell recently acquired a large acetic acid production unit in Europe, enhancing its market share and production capacity by approximately 25%.
Key Takeaways
- acetic acid market reached USD 21.8 billion and is projected to experience significant expansion by 2032 – reaching an approximate value of USD 35.20 billion due to an impressive (CAGR) of 4.90% between 2023-2032.
- As of 2022, monomers composed of vinyl held a 44.5% market share due to the increasing popularity of printed items such as coatings, paints, and papers coated with vinyl coatings.
- Regional Dominance: By 2022 it was estimated that Asia-Pacific held 48.8% of revenues worldwide
Statistics
- Acetic acid is a smooth, colorless liquid with a 1 ppm visible, poisonous and destructive, unpleasant vinegar odour. The melting point is 16.73 ° C and the usual 117.9 ° C boiling point.
- At 20°C, the density of pure acetic acid is 1.0491. It is highly hygroscopic acetic acid. It is possible to link the purity of the water solutions to their freezing point.
- When acetic acid is at 99.5 percent concentration, it is referred to as a glacial acetic acid, which can be used as raw material and solvent in the production of other chemical products.
- Gardening: In concentrations of 10 to 20 percent, acetic acid can be used as a weed killer on gardens and lawns.
- Vinegar is at least 4% acetic acid by volume, making acetic acid the main component of vinegar apart from water.
- Acetic acid is an organic compound composed of 4 hydrogen atoms, 2 carbon atoms, and 2 oxygen atoms. It is classified as a carboxylic acid.
- On a year-over-year basis, the prices of Acetic Acid (United States) increased by 5%. Meanwhile, the average price of Acetic Acid (China) amounted to 405 USD per metric ton, from 412 USD per metric ton one year earlier.
- The price is 2% higher than the average price in the previous month and 37% lower than the average price one year before
- Acetic acid is a commodity chemical with the global demand of approximately 15 million tons per year with several applications in the chemical and food industry.
- acetic acid with 95% selectivity and 5% side products such as formic acid and formaldehyde [8]. Hydrogen iodide is used as an alkali promoter in this process.
- Acetobacter pasteurianus is traditionally used for commercial production of vinegar with a concentration not exceeding 6%.
- For instance, a highly concentrated methanol feed can be used (0.5% water) instead of a 10% water content in Monsanto.
- The primary objective of this study was to assess the sensitivity, specificity, and accuracy of using vinegar (5% acetic acid) for the examination of oral cancer.
- The sensitivity, specificity, and accuracy of using acetic acid for oral cancer examination were 83.33%, 84.21%, and 83.64%.
- plants can be increased by just 1%, then at an average price of about $500 per ton of acetic acid, extra products worth more than $6m can be produced each year.
- Despite similar participant characteristics, across all age groups, providers had wide ranges of VIA results; 0% to 21% suspected cancer and 0% to 25% were VIA positive. Visual inspection with acetic acid was insensitive compared to a combination of cytologic and HPV tests.
- This list was always going to start with Vinegar as it is most closely associated with this product. Vinegar consists of typically 5-20% acetic acid with the level of dilution being indicative of the strength.
- Household vinegar usually contains about 5% acetic acid, but this wasn’t strong enough to control weeds, says Jerry Ivany, lead author of the study.
- The most effective concentration was 20%, applied in a 30-centimeter band over the potato row, at 300 liters per hectare.
- Six weeks after treatment, the acetic acid controlled 86% of lamb’s-quarters and 96% of corn spurry, only slightly less effective than metribuzin at 100% control. When it came to wild buckwheat, the acetic acid resulted in 93% control, topping metribuzin at 80%.
- The global demand for acetic acid as of 2023 is about 17.88 million metric tonnes per year (t/a). Most of the world’s acetic acid is produced via the carbonylation of methanol.
- Vinegar is at least 4% acetic acid by volume, making acetic acid the main component of vinegar apart from water.
- Germany was producing 10,000 tons of glacial acetic acid, around 30% of which was used for the manufacture of indigo dye.
Using modern applications of this method, the vinegar of 15% acetic acid can be prepared in only 24 hours in batch process, even 20% in a 60-hour fed-batch process. - Even the most acid-tolerant Clostridium strains can produce vinegar in concentrations of only a few percent, compared to Acetobacter strains that can produce vinegar in concentrations up to 20%.
- Acetic acid is an effective antiseptic when used as a 1% solution, with broad spectrum of activity against streptococci, staphylococci, pseudomonas, enterococci, and others.
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Emerging Trends
Green and Sustainable Production Methods: The acetic acid market is witnessing a shift towards environmentally friendly production processes. Companies are investing in greener technologies such as the use of renewable feedstocks and energy-efficient processes. For example, advancements in bio-based acetic acid production from biomass are gaining traction as sustainable alternatives to traditional petrochemical-based methods. These innovations aim to reduce carbon emissions and the environmental impact of acetic acid manufacturing.
Growing Demand for Specialty Applications: There is an increasing demand for acetic acid in specialty applications, particularly in the production of high-value chemicals and advanced materials. The rise in applications for specialty chemicals such as high-purity acetic acid for electronics, pharmaceuticals, and agrochemicals reflects a broader trend towards more refined and specific uses of acetic acid. This shift is driving growth in niche markets and expanding the scope of acetic acid applications beyond traditional uses.
Expansion in Emerging Markets: Emerging economies, particularly in Asia-Pacific, are experiencing rapid industrialization and urbanization, leading to higher demand for acetic acid. Countries like China and India are expanding their manufacturing capabilities and infrastructure, which is boosting the demand for acetic acid in sectors such as textiles, automotive, and construction. This trend highlights the importance of emerging markets as key growth drivers for the global acetic acid industry.
Technological Advancements: Recent technological advancements are improving the efficiency and cost-effectiveness of acetic acid production. Innovations in catalysts and reaction technologies are enhancing yields and reducing operational costs. For instance, new catalytic processes are being developed to increase the efficiency of methanol carbonylation, the primary method for producing acetic acid, which could lead to lower prices and higher production rates.
Increased Focus on Recycling and Circular Economy: The acetic acid industry is also aligning with the broader movement towards a circular economy. Companies are exploring ways to recycle acetic acid and its derivatives to minimize waste and reduce reliance on virgin raw materials. Efforts are being made to develop recycling technologies that can reclaim acetic acid from industrial processes and end-of-life products, supporting sustainability goals and reducing environmental impact.
Use Cases
Food and Beverage Industry: Acetic acid is a critical ingredient in the food and beverage industry, primarily used as a vinegar component. It serves as a preservative, flavoring agent, and acidulant. The global demand for vinegar, driven by rising consumer interest in natural and organic products, is a key use case for acetic acid.
Chemical Synthesis: Acetic acid is essential in the production of various chemicals, including acetic anhydride, acetate esters, and solvents. These chemicals are used in manufacturing products like adhesives, coatings, and pharmaceuticals. Acetic anhydride, used in producing cellulose acetate and other industrial chemicals, accounts for about 15% of acetic acid consumption. The rise in demand for adhesives and coatings, driven by the construction and automotive industries, is expected to boost acetic acid consumption in chemical synthesis.
Textile Industry: In the textile industry, acetic acid is used in dyeing and finishing processes. It helps in fixing dyes and improving the quality and longevity of textiles. The textile sector utilized around 4.2 million metric tons of acetic acid in 2023, with significant growth expected as global textile production continues to expand. The demand for high-quality, durable fabrics in both fashion and industrial applications is driving this use case.
Pharmaceuticals: Acetic acid is used in the pharmaceutical industry to produce various medicinal products, including acetylsalicylic acid (aspirin) and other acetylated drugs. Its role in pharmaceutical synthesis accounts for about 10% of the total acetic acid market. The global pharmaceutical market’s expansion, with a growing focus on pain management and anti-inflammatory drugs, is likely to drive increased demand for acetic acid in this sector.
Agriculture: Acetic acid is employed in the agriculture sector for producing herbicides, pesticides, and soil conditioning agents. It helps in controlling weeds and pests, which enhances crop yields. The agricultural sector is seeing a rise in the use of acetic acid-based products due to the increasing need for effective and environmentally friendly agricultural solutions. The demand for acetic acid in agriculture is expected to grow, driven by advancements in crop protection and sustainable farming practices.
Water Treatment: In water treatment, acetic acid is used to control pH levels and improve the quality of water. It is part of the processes that help in removing contaminants and balancing water chemistry. The use of acetic acid in municipal and industrial water treatment facilities is growing due to increasing concerns about water quality and the need for effective water management solutions. This segment accounted for approximately 3.5 million metric tons of acetic acid usage in 2023, with a projected increase as water treatment needs expand globally.
Key Players Analysis
Eastman Chemical Company is a major player in the acetic acid sector, with a strong focus on producing high-purity acetic acid and its derivatives. The company operates one of the largest acetic acid plants globally, located in the U.S., and is known for its extensive portfolio in chemical manufacturing. Eastman’s acetic acid products are essential in various industries, including food, pharmaceuticals, and chemicals. Their innovation in production technology and capacity expansions significantly contributes to their market leadership.
Celanese Corporation is a leading global producer of acetic acid, leveraging advanced technology and large-scale production facilities. The company’s acetic acid is used in multiple applications, including chemical synthesis, food and beverage, and industrial processes. Celanese operates major acetic acid production sites in the U.S., which support their robust supply chain and market presence. Their focus on innovation and efficiency helps meet the growing demand across diverse sectors.
LyondellBasell Industries Holding B.V. is a significant player in the acetic acid sector, focusing on the production and supply of this essential chemical. The company operates one of the largest acetic acid production facilities in the world, located in the United States, which supports its broad portfolio of industrial applications. LyondellBasell’s acetic acid is used in a variety of sectors including chemicals, textiles, and packaging, reinforcing its position as a major contributor to the global market.
SABIC (Saudi Basic Industries Corporation) is a leading manufacturer of acetic acid, contributing significantly to its global supply. The company’s acetic acid is used in diverse applications, including chemicals and pharmaceuticals. SABIC’s advanced production technologies ensure high-quality output, meeting growing global demands. Its extensive market reach and commitment to innovation bolster its role in the acetic acid industry.
HELM AG is a global player in the acetic acid sector, engaging in the distribution and marketing of acetic acid and its derivatives. The company operates through its extensive network, ensuring a steady supply of acetic acid to various industries including chemicals, pharmaceuticals, and food production. HELM AG’s expertise in chemical distribution supports its role as a key supplier, meeting the growing demand for acetic acid across diverse sectors.
Airedale Chemical Company Limited specializes in the production and supply of acetic acid and its derivatives, serving industries such as textiles, pharmaceuticals, and agriculture. The company’s focus is on delivering high-quality acetic acid and providing tailored solutions to meet specific industry needs. Airedale Chemical’s commitment to quality and customer service supports its position in the market, contributing to its growth in the acetic acid sector.
Indian Oil Corporation Ltd (IOC) is a major player in India’s acetic acid market, actively engaged in the production and supply of this key chemical. IOC has leveraged its extensive infrastructure and refining capabilities to boost acetic acid production, supporting various industries such as textiles, food processing, and pharmaceuticals. The company’s strategic investments in expanding its acetic acid production capacity reflect its commitment to meeting domestic demand and reinforcing its market presence.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a significant contributor to the acetic acid industry in India. GNFC operates a state-of-the-art acetic acid production facility, which supports a range of applications including industrial chemicals and agricultural products. The company’s investments in advanced production technologies and capacity expansion underscore its role in meeting the growing demand for acetic acid in various sectors.
Pentokey Organic is a notable player in the acetic acid sector, specializing in the production and supply of high-quality acetic acid and its derivatives. The company focuses on delivering acetic acid for various industrial applications, including chemicals and textiles. Pentokey Organic’s commitment to advanced manufacturing processes and strict quality control measures ensures reliable and consistent product performance. The company’s acetic acid products cater to both domestic and international markets, contributing significantly to the sector’s supply chain.
Ashok Alco Chem Limited is a key supplier in the acetic acid market, providing a range of acetic acid products used in chemical synthesis, textiles, and pharmaceuticals. The company is recognized for its high-purity acetic acid, which supports various industrial applications. Ashok Alco Chem Limited’s focus on innovation and quality has established it as a reliable partner in the sector, serving a diverse clientele both locally and globally.
Daicel Corporation, a key player in the acetic acid sector, operates with a significant presence in the global market. The company focuses on producing high-purity acetic acid used in a variety of industrial applications, including chemicals and pharmaceuticals. Daicel has invested in expanding its production capabilities to meet rising global demand. Their state-of-the-art production facilities and commitment to quality reinforce their position in the acetic acid industry.
The Dow Chemical Company is a prominent name in the acetic acid market, known for its extensive portfolio of chemical products. Dow operates large-scale acetic acid production facilities, primarily focusing on the supply of high-purity acetic acid for industrial applications. Dow’s acetic acid is used in the manufacture of various chemicals, including acetic anhydride and acetate esters. The company’s commitment to innovation and efficiency ensures a strong position in the global acetic acid sector.
DubiChem, a significant player in the acetic acid market, specializes in the distribution and supply of high-quality acetic acid and its derivatives. The company caters to various industries, including food, pharmaceuticals, and chemicals, providing reliable and cost-effective solutions. Their extensive distribution network ensures that customers receive timely deliveries and competitive pricing. DubiChem’s role in the market is crucial for maintaining the steady supply of acetic acid needed for diverse industrial applications.
INEOS is a leading global producer of acetic acid, with substantial production facilities that contribute to a robust supply chain. The company operates major acetic acid plants in Europe and the United States, utilizing advanced technology to ensure high efficiency and quality. INEOS’s acetic acid is used across multiple industries, including automotive, construction, and chemicals, reinforcing its position as a key player in the market. Their commitment to innovation and sustainability supports their strong presence in the global acetic acid sector.
Conclusion :
This expansion is driven by increasing demand from key end-use industries such as automotive, chemicals, and food and beverages, where acetic acid plays a critical role in manufacturing and preservation processes. Key players like Eastman Chemical Company, Celanese Corporation, LyondellBasell Industries, and SABIC are actively enhancing their production capabilities and market reach through strategic initiatives, including facility expansions and technological advancements. Despite this positive outlook, the market faces challenges such as fluctuating raw material costs and environmental regulations. However, ongoing innovations and emerging applications in sectors such as renewable chemicals and specialty polymers are expected to mitigate these challenges and sustain market growth.
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