Ethanoic Acid Market Growth Prospects, Competitive Analysis, Upcoming Trend and Forecast 2030

bhagyashri shewale
Published on Jul 20, 2023

During the forecast period, the global ethanoic acid market is expected to experience a steady revenue Compound Annual Growth Rate (CAGR) of 5%. This growth is mainly due to the increased demand for ethanoic acid in the production of vinyl acetate monomer, as an anti-infective in fungal treatments, and as a sour additive in food components. Ethanoic acid is a carboxylic acid that is colorless and acidic, and is produced by fermenting and oxidizing natural carbohydrates. In the food industry, ethanoic acid acts as a sour agent in vinegar, sauces, and pickled vegetables, and as a pH controller and preservative in food products. It is also used in the production of carbonated drinks and skin care products. However, the exposure to concentrated solutions of the chemical can be harmful, and its corrosive nature can hinder market growth. Research on the use of ethanoic acid for drought tolerance in plants presents an opportunity for growth in the agricultural sector. Based on product type, acetic acid is expected to register significant revenue growth due to its safer characteristics and versatility in medicine, food manufacturing, and industrial applications.

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Ethanoic Acid Market: Drive Factors

The global Acetic Acid (ethanoic acid) market is expected to experience steady revenue growth due to several factors. One key driver is its use as an anti-infective in fungal treatments, as well as its application as a sour additive in food products and the production of vinyl acetate monomer.

Acetic Acid (ethanoic acid) is an important carboxylic acid that is colorless and acidic. It is produced through the fermentation and oxidation of natural carbohydrates and is commonly used as a sour agent in vinegar, pickled vegetables, sauces, and condiments. It is also utilized as a spice raw material because it acts as a pH controller and helps to maintain the right pH level of food. Additionally, it enhances the sour flavor of cuisine to improve its taste and helps extend the shelf-life of packed articles by serving as a preservative, thus increasing the demand for its addition in eatables. Ethanoic acid is also used in the manufacturing of carbonated drinks for the preparation of carbonated water, which is added to soft drinks and beer. It is an essential component in the production of esters, vinegar, and various other polymeric compounds, which increases its requirement in the food industry.

In the industrial process, the product is utilized for various purposes, including as a solvent and fuel. It is employed in the production of other chemicals, such as ethyl acetate, which is used in the production of fragrances and glues. Ethanoic acid is a critical raw element in the production of a variety of organic compounds as it is completely soluble in organic solvents such as carbon tetrachloride and carbon disulfide. It is commonly used as an antioxidant in laboratories while researching the characteristics of dyes and pigments because of its ability to remove oxygen from a sample to prevent oxidation, which imparts color to the material. Its addition as a principal ingredient in skin care products will further prioritize its use and drive revenue growth of the market for the substance.

The use of the product for treatments and disinfecting in the pharmaceutical sector is also a key factor driving growth for the market. Its antiseptic and antifungal properties make it a valuable component in dental hygiene products such as toothpaste and mouthwashes, and it is also used to clean tiles, showers, bathtubs, and other surfaces that come into touch with water or bodily fluids in hospitals and healthcare centers. Its interference with the metabolic processes of microorganisms such as pseudomonas, enterococci, streptococci, and staphylococci prevent their growth and spread. Moreover, it is added to shampoos and conditioners as an anti-dandruff component and in topical lotions to treat skin disorders, including acne and eczema. The diverse applications of the product contribute to the benefits, leading to revenue growth of the market during the forecast period.

However, exposure to concentrated solutions of the chemical can hamper revenue growth of the market during the forecast period due to its highly corrosive nature. Inhalation of acetic vapors can induce eye, nose, and throat irritation, coughing, chest tightness, headache, fever, disorientation, airway damage, a rapid heart rate, and eye impairment, which reduces its usage. Higher doses induce instant tongue and throat burning, trouble breathing, drooling, difficulty swallowing, stomach discomfort, and blood vomiting, diminishing its demand. Furthermore, exposure of the skin to the product can cause discomfort, burns, and ulcers, while eye contact produces discomfort, eyelid twitching, watery eyes, inflammation, light sensitivity, and burns, which narrows its applicability, restraining revenue growth of the market during the forecast period.

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