Carboxylic acid is a class of
organic compounds in which a carbon (C) atom is bonded to an oxygen (O) atom by
a double bond and to a hydroxyl group (−OH) by a single bond. One of the most
important of this carboxylic acid is the acetic acid or said as ethanoic acid.
Vinegar,
salt, ester are a dilute solution of acetic acid produced by fermentation and
oxidation of natural carbohydrates. Acetic acid is a colorless liquid and has a
distinctive sour taste. However acetic acid is referred as weak acid,
concentrated acid are corrosive and can attack the skin.
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As we go through this acidic blog
we can now concentrate on some of its applications or its uses in production.
Some of acetic acid uses in
production of:
- Cellulose acetate for photographic film
- Polyvinyl acetate for wood glue
- Synthetic fibers
- Fabrics
- Plastics
- Printing processes
Applications of acetic acid are
such that it is uses as solvents for resins, paints, and lacquers. It may be
also used in photographic films, volatile organic esters (such as ethyl and
butyl acetates). Some of the economically empowered countries such as Canada,
European Union, United States , Australia, and New Zealand has approved the
usage of this acid as a food additive.
The acetic acid being such high
on usage has caught up in the chemical marketing grounds too as large and strategic companies are seeing the linear growth its gaining and the hike it is
going to experience in the upcoming years. Upsurge of its demand is mainly
featured due to the quality, high efficiency, and environmentally acceptability.
Various market players such as BASF SE (Germany), BP PLC (United Kingdom),
Wacker Chemie (Germany) have started investing in this acetic acid market as
the market is forecast to be growing at a CAGR of 3.5% until 2019.
As we move our interest towards
the European’s in this acetic acid market we see its key players like BP
Global, Wacker Chemie Ag, KURARAY CO. LTD and BASF SE starting to grow a keen interest
in this market.
This Europe acetic acid market is growing strongly and is expected
to grow even stronger in the future according to forecast. This could be mainly
seen due to the growing demand for acetic acid derivatives that include vinyl
acetate monomer (VAM), purified terephthalic acid (PTA), ester solvents, and
acetic anhydride. However, other than these factors some of the reasons driving
this European market are budding demand in the region and growth in various
end-user industries.
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