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| India Infoline Sector Reports | Thu, 04-Dec-2003 16:32:45 IST (GMT+5:30) | |
| Organic chemicals | ||
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Formic Acid It finds its usage in leather tanneries, rubber plantations, textiles, and pharmaceuticals. Technology There are two methods to manufacture formic acid. Liquid phase oxidation of butane. The light ends of the petroleum fractions and fresh butane are fed into the reactor and oxidized at 180 degrees Celsius. Formic acid is obtained as a by-product in this process, which yields acetic acid as its main product. Formamide Process In this process formic acid is produced by the ammonification of methyl formate. (This is produced by the reaction of carbon monoxide and methanol at high pressure, in the presence of catalysts.) This product is then made to react with sulphuric acid to produce ammonium sulphate and formic acid. Markets Almost 40% of the demand comes from the leather industry where it is used for the removal of fur from animals. It is also used as a delimiting agent and neutralizer. As much as 30% of the total demand comes from rubber industry where it is used in coagulation of the field latex. It also finds its usage in the chrome where it is used as a reducing agent. Pharmaceuticals account for 25% of the total demand. Pricing And Outlook Demand is expected to grow at around 8-10%. At present all the consumer industries are not exactly in the best of health. Thus there will be a temporary decline in the demand.
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