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In the food industry, thioacetic acid is used as an additive or flavoring agent as several thoiacetic acid derivatives have received GRAS (Generally Recognized as Safe) tag. In the food industry, thioacetic acid is mainly used in the preparation of spices. In the pharmaceutical industry, thioacetic acid is used in the synthesis of captopril which is used for the treatment of hypertension and congestive heart failure incidences. Captopril is sold under the trade name Capoten. An upward growth of the pharmaceutical industry across the global regions, particularly in Europe, increasing demand for food additives and a steady outlook for the rubber and polymer industry are prime factors responsible for the futuristic growth of the Thioacetic Acid Market.
Thioacetic acid is a yellowish organic compound that is found in the liquid state, and has a pungent odour. Thioacetic acid is a highly flammable compound, which can catch fire at normal temperatures. Thioacetic acid is also toxic in nature, and should be handled by a professional with all safety equipment in place. Thioacetic acid can enter the body through inhalation, dermal adsorption, or ingestion. Due to its melting point at normal temperature, thioacetic acid should be stored at low temperatures only. The bioaccumulation potential of thioacetic acid is also very low. Thioacetic acid is manufactured and used in industries under very controlled conditions so as to minimize a hazard probability. Thioacetic acid is slightly soluble in water and can biodegrade readily. Thioacetic acid is also used in the polymer or rubber industry as a sulfur donor or chain transfer agent for thio compound preparation. Thioacetic acid is also used to separate heavy metals from solutions and in the production of cysteine. It can also be used as a flavoring agent in the food industry as per the Food and Agricultural Organization reports. Thioacetic acid is also used as an intermediate in the pharmaceutical industry. Ethanethioic acid, also known as thioacetic acid, is used as a food additive in some regions. The runoff of thioacetic acid in sewers may cause a fire or explosion, and if dissolved in water it causes water pollution.
The growth of the food processing and pharmaceutical industries involving the augmentation of production will help increase the market for thioacetic acid. The increase in the use of polymeric materials on a global basis will help the thioacetic acid market to grow at a sound rate. The development of new drugs and medicines with thioacetic acid base compounds as intermediates will also help the thioacetic acid market to grow. The increase in the demand for petrochemicals will lead to the growth of the polymer and rubber market, and thus, will increase the thioacetic acid market. Strict rules for water treatment have created the essence for industrial effluent treatment, thus, increasing the thioacetic acid market due to its application in heavy metal separation. The high cost of material and additional storage costs can be a barrier in the growth of thioacetic acid market. The hazardous chemical properties of thioacetic acid can be a factor for the stagnation of its market. The development of alternative additives in food can also lower the growth rate of the thioacetic acid market.
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The thioacetic acid market can be segmented on the basis of industry and application:
- Polymer Industry
- Rubber Industry
- Food Industry
- Pharmaceutical Industry
- Heavy Metal Separation
- Manufacture of Cysteine
- Food Additives
- Food Flavors
- Chemical Intermediates
List of Key Participants
Key global participants in the thioacetic acid market are:
- Merck KGaA
- J&K Scientific Ltd.
- Tokyo Chemical Industry Co. Ltd.
- Parachem Fine and Specialty Chemicals
- AN PharmaTech Co. Ltd.
- Arkema Public Limited Company
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- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa, Turkey)
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