Global Market Insights: Industrial-Grade Acetic Acid (CAS#64-19-7) - Trade Dynamics and Chemical Profiling

Global Market Insights: Industrial-Grade Acetic Acid (CAS#64-19-7) - Trade Dynamics and Chemical Profiling

Introduction: The chemical industry is at the forefront of global innovation, and acetic acid (CAS#64-19-7), a key player in this sector, is no exception. This article delves into the current state of the global market for industrial-grade acetic acid, recent developments, trade patterns, and the chemical properties that define its utility.

Market Overview:The global acetic acid market, valued at over $1.1 billion in 2016, is projected to witness a CAGR of more than 6% from 2017 to 2024. This colorless liquid serves as a precursor in the production of various chemicals used across textiles, rubber, and plastics industries. Its applications in coatings, sealants, and adhesives are pivotal to the construction, electronics, and packaging sectors.

Recent Developments:Acetic acid, also known as ethanoic acid, is irreplaceable in the production of chemicals and organic synthesis. It is not only used in the preparation of acetic anhydride, vinyl acetate, acetate esters, metal acetates, chloroacetic acid, and cellulose acetate but also plays a crucial role in the production of ethyl acetate, food-grade flavorings, and alcoholic beverages. Additionally, acetic acid is instrumental in the production of polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH), which find extensive applications in textiles, adhesives, packaging films, photo-sensitive coatings, and thickeners.

Trade Situation:The growth in global infrastructure investment has driven demand for coatings and sealants, positively impacting the demand for acetic acid monomers throughout the forecast period. The increasing application of acetic acid in the production of tetraacetic acid is also expected to aid market growth during the forecast period. PET applications, which accounted for nearly 20% of the market share in 2016, are expected to register a CAGR of over 2.6% throughout the review period.

Industrial-Grade Acetic Acid:Industrial-grade acetic acid, distinct from its food-grade counterpart, is utilized in the production of chemicals and industrial materials. It is characterized by its purity and specific applications tailored to industrial needs rather than food and beverage processing.

Chemical Formula of Acetic Acid:The chemical formula for acetic acid is C2H4O2, with a molecular weight of 60.05. As a monoprotic weak carboxylic acid, it exhibits typical carboxylic acid properties, reacting with certain metals, metal oxides, and hydroxides to form salts, many of which have significant applications.

Glacial Acetic Acid:Glacial acetic acid, a high-purity form of acetic acid with a purity of not less than 99.0% (g/g), is commonly used in laboratories for chemical analysis and synthetic reactions. It is also a vital substance in the manufacturing of certain plastics, fibers, and rubber chemicals.

Conclusion:In summary, acetic acid (CAS#64-19-7) holds a significant position in the global chemical market. With the growth of the global economy and increasing industrial demands, the market demand for acetic acid is expected to continue its upward trajectory. Chemical enterprises should closely monitor market dynamics to seize trade opportunities for this essential chemical raw material.