Global Sodium Acetate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global sodium acetate market in its upcoming report titled, “Global Sodium Acetate Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global sodium acetate market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sodium acetate market report has been segmented on the basis of product type, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Sodium acetate (CH3COONa), also known as a sodium ethanoate is a sodium salt of acetic acid. Sodium acetate has a strong affinity for water, and a tendency to adsorb moisture if exposed to the atmosphere. It is produced in two forms such as sodium acetate anhydrous and sodium acetate trihydrate. Sodium acetate anhydrous is formed by reaction of acetic acid with sodium bicarbonate whereas sodium acetate trihydrateis formed by reaction of acetic acid with sodium hydroxide. The sodium acetate trihydrate is also known as hot ice. Sodium acetate has various applications and is used for industrial purpose, in food as seasoning, in buffer solution, heating pads, and also for ester production.
An increasing demand of sodium acetate from end use industries such as pharmaceutical, food, leather and textile is a key factor, anticipated to drive the growth of the global sodium acetate market. In addition, the increasing R&D in pharmaceutical industry and for molecular biology, due to its potential applications is another factor, expected to fuel the growth of the global market to a significant extent over the forecast period. However, the availability of substitutes may hamper the demand of sodium acetate and restrain the growth of the target market over the forecast period.
Asia Pacific sodium acetate market accounts for a higher share in terms of revenue in the global market and is expected to maintain its dominance during the forecast period. This dominance can be attributed to the increasing adoption of sodium acetate in various end-use industries such as pharmaceutical, and food. The North America market accounts for a significant share in the global market in terms of revenue and anticipated to witness a significant growth in a long run. Europe sodium acetate market is also expected to witness a moderate growth during the forecast period, followed by Middle East market and Latin America market respectively.
Global Sodium Acetate Market Segmentation:
Segmentation on the basis of Product Type:
- Sodium Acetate Anhydrous
- Sodium Acetate Trihydrate
Segmentation on the basis of End-user:
- Leather and Textile
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Niacet Corporation
- Changshu Nanhu Chemical Co., Ltd.
- CABB GmbH
- GELEST, INC.
- American Elements
- Spectrum Chemical Manufacturing Corp.
- ALLAN CHEMICAL CORPORATION
- Thermo Fischer Scientific Inc.
- Cayman Chemical
- Merck KGaA
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