Naphthenic Acid Industry Business & Investment Opportunity (2021 Forecast) Market Research Reports Million Insights
The global
Naphthenic Acid market is classified on the basis of product type, application
and geography. Naphthenic acids (mostly mono or dicyclic cycloalkane carboxylic
acids, e.g., cyclopentane carboxylic acid) are components of naphthenic crude
oils. Being corrosive, they have to be removed from crude oils or distillates
by alkali extraction in the distillation process. The separated naphthenic
acids are marketed as acidic extractants for metals and naphthenates are used
as metallic soaps.
Naphthenic acid
is a dark colored liquid with an unpleasant door. Naphthenic acid is insoluble
in water. Naphthenic acids will burn though naphthenic acids may take some
effort to ignite. The main hazard is the threat to the environment. Immediate
steps should be taken to limit its spread to the environment. Since Naphthenic
acids is a liquid, naphthenic acids can easily penetrate the soil and
contaminate groundwater and nearby streams. Naphthenic acid is used to make
paint dryers, detergents, and solvents.
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Naphthenic acids
are usually obtained by caustic extraction of petroleum distillates boiling
between 200 and 370 degree C. A continuous process has been developed for
removing naphthenic acids from refinery streams by caustic washing. Caustic
extraction also removes other acidic constituents of the petroleum fraction.
Typical of the
acid materials present in commercial naphthenic acids are cyclopentylacetic
acid and alkyl substituted cyclopentylacetic acids. The mixtures also contain
fused chains of cyclopentylacetic acids and small amounts of cyclohexylacetic
acids.
Factors
propelling the growth of Naphthenic Acid market include its increasing demand
owing to various applications such as paint driers, rubber additives and so on.
On the other
hand, some factors hamper the growth of the market such as inhalation of vapor
causes coughing, liquid is moderately irritating to skin and eyes and also
excessive exposure could result in dermatitis.
In addition,
naphthenic acids have both acute and chronic toxicity to fish and other
organisms as they are the major contaminant in water produced from the
extraction of oil. On the basis of product type, the market research report is
classified asrefined naphthenic acid and high-purity naphthenic acid.
On the basis of application,
the market research report is classified as paint driers, wood preservatives,
fuel and lubricant additives, rubber additives and others. On the basis of
geography, the Naphthenic Acid market is classified as North America, Europe,
Asia Pacific, Latin America and Middle East & Africa.
The North
American region consists of U.S., Canada, and Mexico. The European region
consists of Germany, France, England, Russia and Italy. Asia Pacific region
consists of China, Japan, Korea, India and Southeast Asia. Some of the
prominent players that fuel the growth of the Naphthenic Acid market includes
Merichem, Umicore, JXDC Chemical, Ming Ring, Zhangming, Fulltime, Sea Chemical,
Changfeng, and Rare-Earth.
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