Acetic Acid Prices Overview
In the fourth quarter of 2023, the price of Acetic acid in US reached 0.90 USD/Kg. In December 2023, the price in Japan was 0.87 USD/Kg. Meanwhile, in India, the price for q4 2023 stood at 0.81USD/Kg.
Global Acetic Acid Import (Kilo tons)
|
Region |
2018 |
2023 |
|
North America |
1,184.66 |
1,699.76 |
|
Europe |
1,270.44 |
1,822.12 |
|
Asia pacific |
1,439.13 |
2,050.99 |
|
Middle east |
289.93 |
295.44 |
Global Acetic Acid Export (Kilo tons)
|
Region |
2018 |
2023 |
|
North America |
1,169.80 |
1,680.10 |
|
Europe |
901.43 |
1,333.94 |
|
Asia pacific |
2,186.73 |
2,752.96 |
|
Middle east |
171.09 |
230.14 |
Acetic Acid Price Trend, Industry Analysis, and News
Credence research’s newly published report, “Acetic acid pricing report 2024: price trend, chart, news, industry analysis, demand, historical and forecast data,” provides a comprehensive analysis of Acetic acid pricing, focusing on global and regional trends and the key factors driving these price movements. The report includes an in-depth review of the spot price of Acetic acid at major ports, with a detailed breakdown of prices including ex works, fob, and cif. It also offers a region-wise analysis of Acetic acid price trends across North America, Europe, Asia pacific, Latin America, and the Middle East and Africa.
The report delves into the elements influencing Acetic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it incorporates the latest news, offering stakeholders up-to-date information on market shifts, regulatory changes, and technological advancements. This comprehensive overview aids in strategic decision-making and forecasting, providing valuable insights for stakeholders in the Acetic acid market.
Acetic Acid Market Analysis
The global Acetic acid volume reached 17,207.22 Kilo tons in 2023. By 2032, Credence Research expects the volume to reach 28,851.15 Kilo tons, at a projected CAGR of 5.77% during 2023-2032.
Acetic acid, a versatile organic compound, finds extensive use across various industries. Predominantly, it is utilized in the production of vinyl acetate monomer (VAM), a key precursor for making polyvinyl alcohol and polyvinyl acetate, which are essential for adhesives, paints, and coatings. Additionally, acetic acid is critical in the manufacture of acetate esters used in solvents and inks, and it plays a vital role in the food industry as a preservative and flavoring agent.
The growth of the acetic acid market is largely fueled by its demand in the synthesis of VAM, especially driven by the booming construction and automotive sectors where adhesives and sealants are crucial. Furthermore, the expanding textile industry contributes to the growth due to the use of acetic acid in textile processing. The surge in packaged food consumption globally also propels the demand for acetic acid as a food additive.
There is a noticeable trend towards the development of bio-based acetic acid to mitigate the environmental impacts associated with its production from petrochemical sources. Innovations in biotechnological methods to produce acetic acid from renewable sources are gaining traction, aimed at reducing dependency on oil derivatives and improving sustainability.
The acetic acid market is moderately fragmented with a blend of global and regional players. These entities compete on the basis of production capacity, technological innovations, and geographical reach. Strategic expansions and investments in research and development are common strategies employed to enhance market presence and meet diverse customer needs across different regions.
Asia-Pacific dominates the acetic acid market, attributed to its rapid industrial growth, particularly in China and India. The high demand in this region is supported by the robust performance of end-use industries such as textiles, packaging, and automotive. North America and Europe also exhibit significant consumption linked to mature market conditions and steady industrial demands.
The future of the acetic acid market looks promising with continued advancements in sustainable production processes and growing applications in emerging sectors such as electronics and pharmaceuticals. The market is expected to maintain its growth trajectory, driven by innovation and the expanding utility of acetic acid in a wide array of products and processes.
Acetic Acid News
The report comprehensively covers the latest developments, updates, and trends affecting the global Acetic acid demand, offering stakeholders timely and pertinent information. This section includes a broad spectrum of news items, such as the inauguration of new production facilities, advancements in Acetic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that influence Acetic acid price trends.
Recent developments in the Acetic acid industry:
- In February 2024, HELM AG partnered with the carbon negative chemical manufacturer Again for the distribution and sales of its first product, acetic acid1. The 10-year contract will combine HELM’s 120 years of experience and global distribution network to the first 50,000 tonnes of acetic acid production with Again’s technical strengths in fermenting waste CO2 emissions.
- In 2013, Indian Oil Corp. Ltd. (IOC) announced the construction of a 1 million tonne/year acetic acid plant in Gujarat worth $800 million (€592 million), in collaboration with BP.
Product Description
Acetic acid, chemically known as ethanoic acid, is a colorless liquid organic compound with the chemical formula CH3COOH. It is characterized by its distinctive sour taste and pungent smell, commonly recognized as the main component of vinegar apart from water. Acetic acid is a simple carboxylic acid and is classified as a weak acid due to its partial dissociation in solution.
In the industrial context, acetic acid is a vital chemical reagent and industrial chemical used in the production of a wide array of products. It plays a critical role in the manufacturing of synthetic fibers, such as acetate rayon, and in the production of plastics, especially polyethylene terephthalate (PET), which is widely used for making soft drink bottles and food packaging. Additionally, acetic acid is employed in the production of vinyl acetate monomer (VAM), which is a precursor to polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH), substances used in adhesives, paints, and coatings.
Moreover, acetic acid is utilized as a solvent in the chemical industry and in the preparation of various chemicals. In the food industry, it serves as a preservative and flavoring agent. The pharmaceutical industry also leverages acetic acid for the synthesis of various active pharmaceutical ingredients. Given its versatility, acetic acid is indispensable across multiple sectors, underpinning its importance in both industrial and consumer applications.
Regional Coverage
Europe:
In Q4 2024, Europe is experiencing moderate price increases for acetic acid. Key drivers include rising energy costs and stricter environmental regulations, which are pushing up production expenses. Supply constraints are primarily due to ongoing maintenance at several major production facilities, limiting regional output. Additional cost factors involve increased transportation costs due to higher fuel prices and the continued impact of geopolitical tensions on trade routes. The region’s focus on sustainability is also influencing prices, as manufacturers invest in greener production methods, temporarily increasing costs but potentially leading to long-term efficiencies.
Europe Acetic Acid Import Data (Kilo Tons)
|
Year |
Import |
|
2018 |
1,270.44 |
|
2023 |
1,822.12 |
Europe Acetic Acid Export Data (Kilo Tons)
|
Year |
Export |
|
2018 |
901.43 |
|
2023 |
1,333.94 |
North America:
North American acetic acid prices are showing stability with a slight upward trend in Q4 2024. The key drivers of price increases include steady demand from downstream industries, particularly in the production of vinyl acetate monomer and purified terephthalic acid. Supply constraints are minimal, with most plants operating at normal capacity. However, the region is experiencing additional cost pressures from labor shortages and increased raw material prices, particularly methanol. The regional focus remains on maintaining a balance between domestic production and imports, with a growing emphasis on developing more efficient and sustainable production processes.
North America Acetic Acid Import Data (Kilo Tons)
|
Year |
Import |
|
2018 |
1,184.66 |
|
2023 |
1,699.76 |
North America Acetic Acid Export Data (Kilo Tons)
|
Year |
Export |
|
2018 |
1,169.80 |
|
2023 |
1,680.10 |
Asia Pacific:
The Asia Pacific region is witnessing a more volatile acetic acid price trend in Q4 2024. Key drivers of price fluctuations include varying demand patterns across different countries, with China’s economic performance playing a significant role. Supply constraints are notable, primarily due to scheduled plant turnarounds in key producing countries like China and India. Additional cost factors include fluctuating crude oil prices, which impact production costs, and ongoing trade tensions affecting regional supply chains. The regional focus is on expanding production capacity to meet growing demand, particularly from the textile and packaging industries.
Asia Pacific Acetic Acid Import Data (Kilo Tons)
|
Year |
Import |
|
2018 |
1,439.13 |
|
2023 |
2,050.99 |
Asia Pacific Acetic Acid Export Data (Kilo Tons)
|
Year |
Export |
|
2018 |
2,186.73 |
|
2023 |
2,752.96 |
Middle East:
In the Middle East, acetic acid prices are showing a slight upward trend in Q4 2024. Key drivers include increased demand from the region’s growing petrochemical sector and rising production costs due to efforts to diversify away from oil dependency. Supply constraints are minimal, but the region is impacted by global market dynamics. Additional cost factors include investments in new technologies to improve production efficiency and reduce environmental impact. The regional focus is on expanding its role in the global acetic acid market, with several countries investing in new production facilities to capitalize on their abundant natural gas resources.
Middle East Acetic Acid Import Data (Kilo Tons)
|
Year |
Import |
|
2018 |
289.93 |
|
2023 |
295.44 |
Middle East Acetic Acid Export Data (Kilo Tons)
|
Year |
Export |
|
2018 |
171.09 |
|
2023 |
230.14 |
Report Details
|
Key attributes |
Details |
|
Product name |
Acetic acid |
|
Report features |
Exploration of historical trends and market outlook |
|
Currency/units |
Us$ (data can also be provided in local currency) or metric tons |
|
Region/countries covered |
The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, the Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, Singapore, Australia, and New Zealand. Europe: Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece. North America: the United States and Canada Latin America: Brazil, Mexico, Argentina, Colombia, Chile, Ecuador, and Peru Middle East and Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco note: the list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
|
Information covered for key suppliers |
Company overview |
|
Customization scope |
The report can be customized as per the requirements of the customer |
|
Report price and purchase option |
Plan A: monthly updates; annual subscription Plan B: quarterly updates; annual subscription Plan C: biannually updated updates; annual subscription
|
|
Post-sale analyst support |
360-degree analyst support after report delivery |
|
Delivery format |
Pdf and excel through email (we can also provide the editable version of the report in ppt/word format on special request) |
Key benefits for stakeholders:
· Credence research’s report provides an in-depth analysis of Acetic acid pricing, including global and regional trends, spot prices at key ports, and detailed ex works, fob, and cif price breakdowns.
· The study explores factors influencing the Acetic acid price trend, such as raw material costs, supply-demand changes, geopolitical impacts, and industry developments, to offer valuable insights for informed decision-making.
· The competitive landscape review offers stakeholders essential insights into the latest market news, regulatory changes, and technological advancements, providing a comprehensive, strategic overview for forecasting and planning.
· Credence research offers various subscription options—monthly, quarterly, and biannual updates—enabling clients to stay updated with the latest market trends, ongoing developments, and extensive market insights. The Acetic acid price charts ensure our clients remain industry leaders.
