Acetic acid (CH3COOH) is a clear, colorless organic compound with a pungent odor that belongs to the carboxylic acid family of organic compounds. It is manufactured from methanol and carbon monoxide through the oxidation of ethanol (ethyl alcohol) and butane. Acetic acid is widely used in the production of inks, dyes, photographic chemicals, pharmaceuticals, pesticides, rubber, and plastics. It is also used to manufacture vinegar and dietary supplements that promote weight loss, reduce blood sugar levels, alleviate inflammation, and control blood pressure. As a result, it finds extensive applications across the chemical, food and beverage (F&B), pharmaceuticals, and textile industries.
The increasing product utilization in the chemical industry is one of the key factors driving the market growth. Acetic acid is widely used as raw material to produce acetic anhydride, cellulose acetate, vinyl acetate monomer (VAM), acetic esters, and purified terephthalic acid (PTA). In addition, the widespread product utilization as a solvent for manufacturing adhesives, sealants, paints, coatings, and textiles is acting as another growth-inducing factor. Furthermore, rising product adoption in the F&B sector as a sour agent added to salad dressings, condiments, soups, sauces, vinaigrettes, and marinades is providing a considerable boost to the market growth. Apart from this, various innovations in acetic acid production processes, such as utilizing agricultural waste and genetically engineered solutions that provide resource efficiency and enhanced sustainability, are providing an impetus to the market growth. Moreover, increasing product utilization in the pharmaceutical industry to manufacture vitamins, antibiotics, and hormones and treat various conditions, such as lice, warts, and ear infections, is creating a positive outlook for the market. Other factors, including the widespread product utilization in oil and gas production, rapid advancements in the distribution and supply chain systems, and increasing product demand for manufacturing cosmetics and personal care products, are anticipated to drive the market growth.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the acetic acid manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the acetic acid industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the acetic acid industry.
The following technical and economic aspects are included in the report:
Impact of COVID-19
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Land and Construction Costs
Key Questions Answered in This Report?
What are the various unit operations involved in manufacturing acetic acid?
What are the raw material requirements and costs in manufacturing acetic acid?
What are the utility requirements and costs in manufacturing acetic acid?
What are the manpower requirements and costs in manufacturing acetic acid?
What are the packaging requirements and costs in manufacturing acetic acid?
What are the transportation requirements and costs in manufacturing acetic acid?
What are the land requirements and costs in manufacturing acetic acid?
What are the construction requirements and costs in manufacturing acetic acid?
What are the profit margins in acetic acid?
What should be the pricing mechanism of acetic acid?
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2 Scope and Methodology
2.1 Objectives of the Study
2.3 Research Methodology
3 Executive Summary
4 Global Acetic Acid Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Acetic Acid Price Trends
4.7.2 Product Margins
5 Acetic Acid Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
188.8.131.52 Plant Machinery Costs
184.108.40.206 Auxiliary Equipment Cost
220.127.116.11 Electrical Works and Piping Costs
18.104.22.168 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Acetic Acid Market: Major Drivers and Challenges
Figure 2: Global: Acetic Acid Market: Value Trends (in Million US$), 2016-2021
Figure 3: Global: Acetic Acid Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 4: Global: Acetic Acid Market: Breakup by Segment (in %), 2021
Figure 5: Global: Acetic Acid Market: Breakup by Region (in %), 2021
Figure 6: Acetic Acid: Price Trends, 2016 & 2021
Figure 7: Acetic Acid: Margins Across Various Stages of the Supply Chain
Figure 8: Acetic Acid: Breakup of Costs
Figure 9: Acetic Acid Price Structure
Figure 10: Acetic Acid: Manufacturing Process Flow
Figure 11: Acetic Acid: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Acetic Acid: Raw Material Price Trends, 2016 & 2021
List of Tables
Table 1: Acetic Acid Manufacturing: Raw Material Requirements
Table 2: Acetic Acid Manufacturing: Raw Material Costs
Table 3: Acetic Acid Manufacturing: Electricity Costs
Table 4: Acetic Acid Manufacturing: Steam Costs
Table 5: Acetic Acid Manufacturing: Process Water Costs
Table 6: Acetic Acid Manufacturing: Total Utility Costs
Table 7: Acetic Acid Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Acetic Acid Manufacturing: Packaging Costs
Table 9: Acetic Acid Manufacturing: Transportation Costs
Table 10: Acetic Acid Manufacturing: Sales and Administration Costs
Table 11: Acetic Acid Manufacturing: Total Operating Costs
Table 12: Acetic Acid Manufacturing: Costs Related to Land and Site Development
Table 13: Acetic Acid Manufacturing: Costs Related to Civil Works
Table 14: Acetic Acid Manufacturing: Costs Related to Plant Machinery
Table 15: Acetic Acid Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Acetic Acid Manufacturing: Costs Related to Electrical works and Piping
Table 17: Acetic Acid Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Acetic Acid Manufacturing: Working Capital Requirements
Table 19: Acetic Acid Manufacturing: Total Capital Investment Required
Table 20: Acetic Acid Manufacturing: Total Production Cost
Table 21: Acetic Acid Manufacturing: Raw Material Suppliers
Table 22: Acetic Acid Manufacturing: Machinery Suppliers