my country’s acetic acid production is gradually growing and terephthalic acid accounts for the largest proportion of applications

Acetic acid, also known as acetic acid, glacial acetic acid, etc., appears as a colorless liquid with a pungent odor under normal temperature and pressure. It is soluble in water and organic solvents such as ether, ethanol, glycerin, and carbon tetrachloride. Acetic acid has a wide range of applications. It can not only be used directly as a food additive, but also as a chemical raw material intermediate. It is mostly used to produce acetic anhydride, chloroacetic acid, terephthalic acid (PTA), vinyl acetate, acetate and other compounds. In It is widely used in synthetic fibers, medicine, dyes, pesticides, rubber and other fields.

From the perspective of downstream products, terephthalic acid (PTA) accounts for the largest application in the acetic acid market, accounting for 27.8%; followed by vinyl acetate, accounting for 18.6%; ranking third is ethyl acetate, accounting for 18.6%. The application proportion of monochloroacetic acid, acetic anhydride, and diketene is relatively small, accounting for 7.6%, 7.3%, and 7.1% respectively.

From the upstream of the industrial chain, acetic acid is mainly composed of raw materials such as methanol, petroleum, and ethylene. Among them, methanol has become the main raw material for the production of acetic acid. As my country’s environmental protection efforts gradually increase, methanol, as a clean energy source, has gradually become one of the alternatives to traditional fuels, and market demand has gradually increased. In addition, methanol can also be used as a basic organic chemical raw material and is widely used in dyes, coatings, inks, adhesives, varnishes, shellac and other fields, and market demand has further increased. Against this background, my country’s methanol production has gradually increased. According to data released by the China Nitrogen Fertilizer Industry Association, my country’s methanol production will be 80.225 million tons in 2022, a year-on-year increase of 3.3%. As methanol production gradually increases, sufficient raw material foundation is provided for the rapid development of the acetic acid market.

According to the “2023-2027 Acetic Acid Industry In-depth Market Research and Investment Strategy Suggestions Report” released by the Industrial Research Center, in recent years , my country’s economic level is gradually improving, and fields such as medicine, chemicals, rubber, and synthetic fibers are developing rapidly. As an important organic chemical raw material, acetic acid’s market demand is gradually growing. And as my country’s acetic acid preparation technology gradually matures, production costs gradually decrease, and its market penetration rate gradually increases. Against this background, my country’s acetic acid production has gradually increased. In 2022, my country’s acetic acid production will be 9.667 million tons, a year-on-year increase of 16.3%.

Industry analysts said that at this stage, my country’s acetic acid market concentration is low, the number of companies is large, and there is no influential company. enterprise. The major acetic acid companies in my country include Thorpe Chemical, Lunan Chemical, Hengli Petrochemical, Huayi Group, Hengsheng Chemical, Wynn Chemical, Baofeng Energy, etc. Among them, Huayi Group has the largest market share, accounting for 11.8%; followed by Thorpe Chemical, accounting for 10.9%. In addition, there are many small and medium-sized enterprises in my country’s acetic acid market. These enterprises are small in scale, have relatively backward production processes, have relatively single product categories, and have weak market competitiveness. As my country’s large-scale acetic acid companies gradually expand, the living space of small and medium-sized enterprises is gradually squeezed. They may be annexed or disappear in the future, and their market concentration is expected to increase.