Acetic Acid price index

by | Prices Indexes

Acetic Acid price October 2024 and outlook (see chart below)

  • North America:US$0.41/KG, -2.4% down
  • Europe:US$0.62/KG, -1.6% down
  • Northeast Asia:US$0.47/KG, -2.1% down
  • Southeast Asia:US$0.51/KG, -1.9% down
The chart below summarizes Acetic Acid price trend per region, as well as the outlook. It takes a moment to load.
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Acetic Acid price index

This post is a summary of the acetic acid price developments. The price developments of acetic acid are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Acetic acid price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for acetic acid prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of acetic acid prices
  • Recent price developments of underlying feedstocks which drive the price of acetic acid
  • Market futures for both cost drives and feedstocks of acetic acid prices
  • Adjustment of current supply/demand imbalances in the acetic acid market
  • Longer term trends in likely demand conditions

Further information on the Acetic Acid price index

Here is some further information

 

What is Acetic acid

Acetic acid, also known as ethanoic acid, is a colorless liquid with a sharp, pungent smell. It is an organic compound with the chemical formula C2H4O2. Acetic acid is a weak acid that is widely used in a variety of applications.

 

How is Acetic acid produced

Acetic acid can be produced by several methods. One common method involves the fermentation of carbohydrates, such as sugars or starches. Acetic acid can also be produced by the oxidation of ethanol or by the carbonylation of methanol.

 

What is Acetic acid used for

Acetic acid, also known as ethanoic acid, is a colorless liquid that is commonly used in a wide range of applications, including:

Manufacturing

Acetic acid is used as a raw material in the production of chemicals such as vinyl acetate, which is used to make polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH). Acetic acid is also used in the production of cellulose acetate, which is used to make films, fibers, and plastics.

Food and beverages

Acetic acid is a key ingredient in the production of vinegar, which is used as a condiment and food preservative. It is also used as a flavor enhancer in some foods and beverages.

Cleaning

Acetic acid is used as a disinfectant and cleaning agent, particularly in the food industry. It is effective at killing bacteria and breaking down protein-based stains.

Medical

Acetic acid is used in the production of some medical products, including ear drops and topical skin products. It is also used as a diagnostic aid in some medical procedures.

Other

Acetic acid is also used in the production of some personal care products, such as hair dyes and shampoos, and in the oil and gas industry to improve the recovery of crude oil from reservoirs.

 

Further reading

 

Market information about Acetic acid

According to data from MarketsandMarkets, the global acetic acid market was valued at around $10.5 billion in 2020 and is expected to reach a value of $14.2 billion by 2025, at a CAGR of 5.9% during the forecast period.

Acetic acid, also known as ethanoic acid, is a widely used chemical that is produced on a large scale for a variety of applications, including the production of vinegar, plastics, and chemicals. It is a clear, colorless liquid with a pungent, vinegar-like odor and is highly corrosive.

The demand for acetic acid is driven by a number of factors, including its use in the production of a range of chemicals and materials, such as vinyl acetate monomer (VAM), acetic anhydride, and acetate esters. It is also used in the production of food, pharmaceuticals, and personal care products, as well as in the textile, automotive, and construction industries.

The Asia-Pacific region is the largest market for acetic acid, followed by North America and Europe. The increasing demand for acetic acid in the region is driven by the growth of the chemical and construction industries, as well as the increasing use of acetic acid in the production of chemicals and materials.

According to https://oec.world/ :

Acetic acid are the world’s 1507th most traded product.

In 2020, the top exporters of Acetic acid were United States ($364M), China ($149M), Malaysia ($134M), United Kingdom ($131M), and Singapore ($128M).

In 2020, the top importers of Acetic acid were India ($324M), Germany ($166M), Belgium ($164M), Mexico ($132M), and Netherlands ($71.1M).

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