The global acetic acid market has been witnessing steady growth, thanks to the various end-use industries that make use of this colorless and pungent chemical.
It was in the form of vinegar that acetic acid was discovered, when bacteria spoiled wine. The importance of acetic acid has grown in application in food production and preparation industry ever since the discovery of its role in food industry. Acetic acid that is used for food production and preparation can be made only through natural process i.e. aerobic fermentation.
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Acetic acid finds applications in foods as a flavoring agent and flavor enhancer. It is used as
- an acidifier
- color diluents
- curing agent
- pickling agent
- pH control agent
Acetic acid is considered safe when it is used strictly according to the good manufacturing practices (GMPs).
Acetic acid is found mostly in mayonnaise, canned fruits, sauces, vinaigrettes and salad dressings, catsup, mustard, and marinades. Pigs’ feet and pickled sausages are some of the pickled food products that contain acetic acid. Additionally, it finds multiple uses in various cheese, milk, poultry, and meat products. In addition to its uses in various food products, acetic acid is effective in sanitizing and cleaning utensils and equipment that are used for food preparation.
At least 4% acetic acid must be present in any commercial vinegar. Fermented alcohol produces vinegars like apple cider vinegar. Besides, vinegars are capable of reacting with alkaline ingredients, such as baking soda and then it leads to the production of a gas that makes baked goods puffier.
Acetic acid is permitted to be used under specific guidelines in countries like Australia, the U.S., Canada, and countries of the European Union.
Acetic Acid Market: Introduction
Ethanoic acid or acetic acid is majorly produced in liquid form, and is colorless and has strong distinct and pungent smell. Acetic acid is majorly produced by methanol carbonylation reaction, where carbon dioxide and methanol react to give acetic acid as a final product. Acetic acid is synthetic carboxylic acid having antifungal and antibacterial properties. A wide area of application of acetic acid in agriculture, paper, chemical, and water treatment industries is expected to accelerate the demand for acetic acid during the forecast period and thereby, drive the growth of the acetic acid market.
Acetic Acid Market: Dynamics
Vinyl Acetate Monomer (VAM) is expected to drive the overall acetic acid market as acetic acid is one of the major contributors of the production of VAM. The demand for vinyl alcohols and polyvinyl acetates is also growing, which is driving the growth of the acetic acid market. VAM is also used to manufacture polymer for coatings and adhesives, which will increase the consumption of acetic acid.
As the population is growing across the globe the demand for clothes and other packed products is increasing, which is in turn driving the growth of the packaging and textile industries that utilize PTA, thus contributing towards the growth of the overall acetic acid market during the forecast period. Acetic acid is also used as an industrial chemical and chemical reagent used to produce cellulose acetate for photographic films, coupled with polyvinyl acetate used in the production of synthetic fabrics and fibers, which consequently will increase the consumption of acetic acid during the forecast period. Consumption of Acetic Esters expected to increase which is expected to lead the Acetic acid market growth across the glove during the forecast period.
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Mature market conditions for acetic anhydride and volatile prices of methanol, which is used to produce acetic acid, is expected to act an obstacle in the growth of the acetic acid market during the forecast period. Reduced performance at low temperatures, low compatibility with quartz, and irritation to skin and corrosive to metals are factors expected to hamper the growth of acetic acid consumption during the forecast period.
Acetic Acid Market: Segmentation
By Application, the acetic acid market can be segmented as:
- Vinyl Acetate Monomer (VAM)
- Acetate Esters
- Acetic anhydride
- Purified Terephthalic Acid (PTA)
Acetic Acid Market: Regional Outlook
Asia Pacific is estimated to be one of the major regions towards the consumption and production of acetic acid. China, South Korea, Japan, India, Taiwan, etc. are few countries in Asia Pacific that are estimated to hold a significant market share in the overall consumption and production of acetic acid, thus fueling the growth of the acetic acid market during the forecast period. North America is projected grow at a significant rate during the forecast period as the U.S. is estimated to be the prominent producer and consumer of acetic acid in the global acetic market
Europe is expected to witness the rise for the acetic acid consumption attributing to the growing concerns towards the health coupled with increasing expenditure in healthcare by individuals in region as consumption of vinegar is increasing thus accelerating the growth of acetic acid in region
Latin America and the Middle East & Africa are expected to witness the demand for acetic acid during the forecast period, which can be attributed to the increasing usage of polyester in the textile industry coupled with the growing demand for vinyl acetate monomer used as a precursor and thus, leading to the growth of acetic acid market in region
Acetic Acid Market: Key Participants
Examples of some of the key participants in the global acetic acid market are:
- Saudi International Petrochemicals
- Jiangsu Sopo (Group) Co., Ltd.
- Mitsubishi Chemical Corporation
- Lyondell Basell Industries N.V.
- Eastman Chemical Company
- Celanese Corporation
- British Petroleum
- GNFC Limited
- Daicel Corporation
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This post was originally published on Space Market Research