Global Market Demand for Acetic Acid Projected to Remain Strong
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The global market for acetic acid (CAS 64-19-7) is projected to reach $16 billion USD by 2024 according to a new report by Global Market Insights, Inc. Demand growth will be driven largely by usage in the production of Vinyl Acetate Monomer (VAM), an essential component of many consumer and industrial products. Acetic acid use in Polyvinyl Acetate (PVAc) will also play a significant role, as increased production of synthetic fabrics and fibers adds to market demand. Complementing these primary growth drivers will be usage in the global food industry, which will see a compound annual growth rate of at least 4% during this period.
Acetic acid, also commonly known as ethanoic acid or methanecarboxylic acid, is a colorless organic compound best known for giving vinegar its pungent odor and sour taste. Its usage dates at least as far back as the 3rd century BC, when the Greek philosopher Theophrastus described the use of vinegar on metals to produce pigments. Today its use extends well beyond vinegar to a wide variety of industries. Examples of acetic acid applications include production of polymers, pharmaceuticals, lubricants, detergents, plastics, resins, lubricants, adhesives, rubber, paint, personal care products, agricultural products, and food additives.
The Asia-Pacific region will lead worldwide growth in the acetic acid market due to rapidly increasing industrial demand. North America will see significant growth as well over the next five years, with the US playing a large role in consumer production and consumption. Growth in Latin American and African markets will be driven primarily by increases in textile production while in Europe, rising healthcare expenditures and growing health concerns are fueling increased demand for acetic acid in consumer products.
Apple cider vinegar is often touted for its health benefits due to acetic acid’s effects. Acetic acid is an important metabolic intermediate that occurs naturally in body fluids and plant juices. Properly diluted and taken in moderation as part of a balanced diet, acetic acid has been shown to help lower blood sugar and insulin levels, decrease appetite, improve metabolism, and burn fat. According to a study published in the journal of Bioscience, Biotechnology and Biochemistry, people lost an average of 4 lb in 12 weeks after consuming one to two tablespoons of diluted apple cider vinegar daily.
A recent study in the UK led by the University of Birmingham and the National Institute for Health Research (NIHR) found acetic acid to be an effective alternative to conventional antibiotics in burn wound treatment. According to Fenella Halsteak, NIHR Clinical Scientist at the Queen Elizabeth Hospital, “As resistance to antibiotics grows, we need to find ways to replace them with alternative topical agents that can kill bacteria and help our burns patients. The evidence in this study offers great promise to be a cheap and effective measure to do just that.” While the team stresses that more work remains in studying best implementation practices and people should note self-apply acetic acid to a wound, results of the trials are promising.
These examples illustrate some of the varied uses for this important compound. With demand sure to remain strong, our team is ready to deliver. We have been providing exceptional customer service since 1948 and serve a wide array of industries today. Contact Independent Chemical to speak with one of our experienced sales representatives for any questions regarding availability and pricing.