In the first quarter of 2023, the price trend of ammonium acetate in Asia witnessed a moderate surge due to increased domestic production and demand. However, a sudden decline in procurement rates from downstream industries and rising inventories led to a downturn in the second quarter. In Europe, a promising start with high demand and feedstock prices in the first quarter turned bearish in the second half, influenced by a sluggish manufacturing sector and consumer reluctance. North America faced a price slump in the first quarter, exacerbated in the second quarter by weakened economic conditions and limited support from the feedstock market, reflecting a challenging market scenario.
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Definition
Ammonium acetate, a salt derived from the neutralization of acetic acid with ammonia, presents as a white crystalline solid with a faint acetic odor. Highly soluble in water, it readily dissociates into ammonium ions and acetate ions. With a molecular formula of CH3COONH4, it has a molar mass of approximately 77.08 g/mol. Ammonium acetate is hygroscopic, absorbing moisture from the air. It is commonly used in laboratory settings as a reagent and buffer, particularly in biochemical and molecular biology applications. Its properties make it valuable in various industrial processes, including the synthesis of certain chemicals.
Key Details About the Ammonium Acetate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Ammonium acetate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ammonium Acetate Price Trends, including India Ammonium acetate price, USA Ammonium acetate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ammonium Acetate Price Trend:
Ammonium acetate, a versatile compound, finds several industrial applications. In the food industry, it acts as an acidity regulator and preservative. It serves as a catalyst in various chemical reactions, particularly in the production of pharmaceuticals and dyes. Ammonium acetate is employed as a buffering agent in laboratory settings, aiding in DNA and RNA precipitation. Additionally, it functions as a de-icing agent for airport runways and roads. Its use extends to the textile industry, where it contributes to dyeing processes. The compound’s ability to influence pH and facilitate reactions underscores its significance in diverse industrial sectors, showcasing its adaptability and utility.
Key Players:
- Niacet
- Tianmen Chutian Fine Chemical Co Ltd
- Wuxi Yangshan Biochemical Co Ltd
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