PUNE, India, March 21, 2024 /PRNewswire/ — Titled “Acetic Acid Market by Concentration (Concentrated, Dilute, Ice), Form (Crystalline, Liquid), Class, Application, End User – 2024-2030.” The Global Forecast Report, now available as part of the 360iResearch.com offering, shows that the market size is expected to grow from US$7.57 billion in 2023 to US$12.33 billion in 2030, at a CAGR growth of 7.22% during the forecast period.
“Global acetic acid market shows promising growth driven by environmental and technological advances”
Acetic acid is an important organic compound of vinegar and is essential in various industrial processes due to its widespread use as a precursor in the synthesis of important compounds such as vinyl acetate monomer, purified terephthalic acid and its constituent acetic anhydride. Demand is driven by growing applications in the food and beverage industry, as well as the growing role of the pharmaceutical industry. Challenges include volatile methanol prices, environmental concerns and strict regulations affecting its production and disposal, but the industry remains optimistic. Innovations aimed at sustainable production, including bio-based options and greener solvent use, are paving the way for market expansion. The acetic acid market in America is booming, fueled by demand from the packaging, textile and food industries, which have made significant strides in sustainable practices. The European market is limited by strict environmental regulations, which encourage innovation in production technologies and catalysts. The use of acetic acid has increased dramatically in the Middle East and Africa due to industrial growth and efforts to diversify production away from oil. Consumption is highest in the Asia-Pacific region, led by China, India and Japan, driven by rapid industrialization and heavy investment in capacity and environmental compliance. These dynamics highlight the resilience of the global acetic acid market and the potential for future growth against the backdrop of a changing environmental and technological landscape.
“Improving food safety and taste: the key role of acetic acid in the development of food preservation and processing technologies”
As fast-paced lifestyles increase demand for ready-to-eat and packaged foods, acetic acid has become a key ingredient in maintaining the freshness, safety and taste of processed foods. Its antimicrobial properties make it an essential preservative for a range of foods, including pickles, sauces and canned foods, effectively inhibiting the growth of harmful microorganisms and extending shelf life. In addition, technological innovations in food processing and preservation have expanded the applications of acetic acid, including its use in modified atmosphere packaging (MAP) and edible coatings. These advanced applications aim to eliminate food waste by enhancing the role of acetic acid in ensuring food quality and extending the life of fruits and vegetables. Additionally, the use of acetic acid in functional beverages and modern preparation technologies such as sous vide illustrates its versatility in ensuring food safety and enhancing flavor, aligning with growing consumer concerns about health and wellness. With its versatile use in a rapidly changing world, acetic acid is at the forefront of revolutionizing food and improving cooking.
”A Spectrum Showing the Purity of Acetic Acid: From Household Vinegar to Advanced Industrial Applications”
Acetic acid is a versatile chemical that plays a key role in a variety of applications, depending on its concentration level. The content of concentrated acetic acid exceeds 80% and is the basis for the synthesis of vinyl acetate monomer, which is a precursor to various polymers and resins. In comparison, when its potency is diluted by 5-10% with water, it becomes a staple in everyday kitchen use, much like vinegar, playing an important role in cooking, cleaning and sanitizing. Glacial acetic acid contains almost no water and is almost 99% pure. It freezes at lower temperatures. Achieving an absolute 100% concentration of acetic acid remains challenging due to the affinity of acetic acid for environmental moisture. 99.5% pure acetic acid meets ultra-high purity standards and stringent quality requirements for pharmaceutical products and original solvents. Acetic acid 99.6% and 99.8% is valued for its extremely low impurity content and is used in specialty chemical processes and synthetic fine chemicals where even trace amounts of water are undesirable. Containing 99.9% acetic acid, it is used exclusively in the most critical industrial processes, including complex pharmaceutical formulations and high purity organic synthesis, highlighting its important role in a wide range of applications.
Key players in the acetic acid market include Celanese Corporation, SABIC, BP PLC, LyondellBasell Industries Holdings BV, INEOS AG and others. These established companies are focusing on strategies such as expansion, acquisitions, joint ventures and new product development to strengthen their market positions.
”ThinkMi Profile: Revolutionary Market Analysis with AI-Powered Acetic Acid Market Analysis”
We are proud to introduce ThinkMi, a cutting-edge artificial intelligence product designed to change the way businesses interact with the acetic acid market. ThinkMi is your leading market intelligence partner, delivering unparalleled insights through the power of artificial intelligence. Whether you’re interpreting market trends or delivering actionable information, ThinkMi delivers accurate, up-to-date answers to your most important business questions. This revolutionary tool is more than just a source of information; It is a strategic asset that helps you make decisions using the latest data to stay ahead of the competition in the highly competitive acetic acid market. Discover the future of market intelligence with ThinkMi, where informed decisions lead to significant growth.
”Understanding the Acetic Acid Market: Explore 192 pages of analysis, 572 tables and 26 charts”
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