CATEGORY

Acetic Acid

Acetic acid also known as ethanoic acid is an organic compound widely used in manufacturing of daily use commodities like PET bottles, films, personal care products like diapers, wet wipes and commercial products like printing inks and paints & coatings.

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CATEGORY ALERTS

US acetic prices rise as production returns to normal

July 14, 2022
alert level: High
CATEGORY ALERTS

Taiwan's methanol market falls

July 18, 2022
alert level: Medium
CATEGORY ALERTS

New acetic acid plant in Hubei

July 27, 2022
alert level: Medium

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Acetic Acid Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Acetic Acid category is 6.50%

Payment Terms

(in days)

The industry average payment terms in Acetic Acid category for the current quarter is 70.4 days

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AMEs

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    Acetic Acid Suppliers


    3,925
    Total Suppliers
    53
    Diverse Suppliers
    75
    Normalized Supplier Rating
    Acetic Acid Supplier

    Find the right-fit acetic acid supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


    Creditsafe Rating


    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Acetic Acid market frequently asked questions


    The global acetic acid market has been growing at a CAGR of 4 percent since 2017 and is expected to continue with the same rate until 2022.

    The momentum for growth rate of the acetic acid market is majorly supported by the demand in Asia, which is expected to grow at 5-6 percent owing to the anticipated growth in VAM and PTA segments.

    A major part of the supply share of the global acetic acid market comes from Asia, i.e. 70 percent, followed by North America and EU, which hold 16 and 6 per cent of the market respectively.

    New methanol capacities in Asia will further improve the acetic acid operating rates. Besides, imports from the Middle East will be diverted to Europe from Asia.

    Some of the major names among the global suppliers of acetic acid are Celanese Corp., BP Chemicals, Jiangsu Sopo Group, Chang Chun Petrochemical, and Eastman Chemicals.

    In the largest acetic acid supply market in Asia, the spot and contract price movements are set by the spot price movements of methanol. In North America, demand dynamics set the acetic acid price trends. In Europe, acetic prices are set based on methanol contract prices. For the assessment of contract prices, consumers of more than 10-100 KMT/ year are considered. On the other hand, transactions for cargos of 1-2 KMT/year are considered for spot price assessments.

    The global acetic acid capacity reached 17.8 MMT/year when CPDC's Kaohsiung acetic acid plant of 160 KMT/year was shut down permanently in 2015. The operating rates witnessed significant lows, but are expected to go above 95 percent levels by 2021 as the demand is growing faster than the minimal capacity demands. The plans for 4MMT/ year will receive the support from Celanese in the US and Assam Petrochemicals Ltd in India. Over the coming years, the demand growth looks promising considering the PET sector in Asia.

    Acetic Acid market report transcript


    Acetic Acid Market Analysis and Global Outlook

    • Acetic acid is also known as ethanoic acid. The acid has a chemical formula CH3COOH. This acid is in the form of a colorless liquid organic compound that is used to make chemicals and bulk solvents that are used in various industries.
    • Acetic acid is used to make VAM or vinyl acetate monomers. This is used to make products used in manufacturing films, textiles, paints, adhesives, and various end-user products.
    • This acid is used as solvents in the manufacture of PTA or Purified Terephthalic acid. This is used as a precursor to make PET, one of the most popular commercial resins required in making bottles, containers, and textiles.
    • Acetic acid is also used to make acetic anhydride, which has an important use in the manufacture of acetyl salicylic acid or aspirin. Acetic acid finds its application in the making of acetate esters that are used to make eyeglass frames, films, cigarette filters, in the printing industry, etc.  

    acetic acid market

    Demand Market Outlook

    • The global acetic acid market supply–demand gap is expected to regain balance, as nominal capacity additions are planned in the next five years against the growing demand.

    Industry Best Practices

    Engagement Models
    Engagement Preferences 

    • North America: Spot market
    • Europe: Contracts
    • Asia: Both spot market and contracts

    Role of IPROs
    Assessment by IPROs

    • Consumers of above 10–100 KMT/year are considered for the assessment of contract prices, while transactions for cargos of 1–2 KMT/year are used for spot price assessments.

    Pricing Structure

    • North America: Demand dynamics play a major role in setting the acetic acid prices.
    • Europe: Methanol contract prices are used to arrive at acetic prices.
    • Asia: Methanol spot price movements are the base to set both spot and contract price movements of acetic acid.

    Global Capacity–Demand Analysis

    • Supply market scenario: Currently, a tight-supplied market owing to production woes will ease out as a considerable amount of capacities are confirmed to be added in Asia. 
    • Key Trends in Downstream Demand: Demand growth expected for the next two years is positive, especially demand will strengthen from the PET sector in Asia.
    • The prices have been stable in spite of the trade tensions between China and the US and other key detriments.

    Market Outlook  

    • Capacity Dynamics: After the permanent closure of CPDC's Kaohsiung acetic acid plant of 160 KMT/year in 2015, global acetic acid capacity reached 17.8 MMT/year (inclusive of the idle capacity of 1.24 MMT/year). Operating rates are at 70 percent lows and are expected to increase above 95 percent levels in 2021 due to minimal capacity additions being outpaced by the growing demand.
    • Capacity Additions: A 150 KMT/year addition by Celanese in the US and 66 KMT/year addition by Assam Petrochemicals Ltd - (APL) in India was expected in 2017. Plans for ~4 MMT/year of capacity additions were in a pre-feasibility stage in Asia at the time. Since then, the market has seen significant growth owing to various key reasons. Despite the ongoing challenges, it enjoys an upbeat outlook.
    • The key players in the market include Mitsubishi Chemical Corporation, DuPont, Wacker Chemie, Eastman Chemical Company, PetroChina, and Jiangsu Sopo. The two major players are British Petroleum and Celanese Corporation.

    Market Overview

    The acetic acid market is moderately fragmented, with 40 active and 13 idle suppliers across the globe. The world’s largest capacity is of 1,400 KMT/year installed in China by Jiangsu Sopo Group. The US acetic acid prices witnessed a decreasing trend during Q4 2018, due to downtrend in upstream methanol prices. European acetic acid prices witnessed a decreasing trend during that quarter. Acetic acid prices eventually increased as supply was constrained due to plant shutdowns in China. The anticipation of a grim outlook in natural gas prices in the Americas is expected to favor ethanol production at a significantly lesser cost that, in turn, protects the margins of acetic acid producers. End-use segment growth and market transparency at every node of the value chain are the industry-drivers.

    Why You Should Buy This Report

    This report gives insight into best industry practices, acetic acid demand and supply trends, imports, exports, and regional market outlook. It provides an overview of the industry drivers and constraints and Porter’s five forces analysis of North America, Asia, and Europe. The report provides insight into major industry events and innovations. It outlines the acetic acid cost structure analysis and acetic acid market price forecast. It gives an exhaustive suppliers list and does a SWOT analysis of major players like Jiangsu Sopo Group, BP Chemicals, Chang Chun Petrochemical Co., Ltd., etc. The acetic acid market report will help businesses get a complete picture of the market. This will be a valuable tool in decision making.