01-Dec-2022 | Zion Market Research
The global calcium acetate market size was worth around USD 112 million in 2021 and is predicted to grow to around USD 142 million by 2028 with a compound annual growth rate (CAGR) of roughly 3.5% between 2022 and 2028.
An organic salt of calcium and acetic acid is called calcium acetate. It is sometimes referred to as vinegar salt, brown acetate, and lime acetate. In its anhydrous form, calcium acetate is a white, odorless, crystalline solid that is soluble in water but insoluble in ethanol, acetone, and benzene. It is typical to find calcium acetate in hydrate form. When there is moist air around, the anhydrous form is prone to crystallizing. On the market, calcium acetate is offered in pharmaceutical- and industrial-grade forms. It is mild to non-toxic, although prolonged contact with the skin or eyes or inhaling dust may irritate them. When burned, calcium acetate emits the highly flammable gas acetone.
In the pharmaceutical industry, calcium acetate is largely employed as a phosphate binder for the treatment of hyperphosphatemia, a condition in which a subject's blood phosphate level rises above the usual range. In the pharmaceutical industry, calcium acetate is also employed as a laboratory reagent as a component in anti-epileptic medications.
Additionally, it is used in the chemical industry to create lubricants, printing inks, resins, soaps, carbon black, and other products. Wastewater treatment facilities in commercial and municipal buildings employ calcium acetate. In the building and construction sector, it is also used as a concrete accelerator. PVC foam producers also employ calcium acetate as a blowing agent.
The strong demand for calcium acetate in the pharmaceutical and water treatment industries is what largely drives the global calcium acetate market. However, the ease of finding alternatives for comparable applications in the chemical industry may restrain market expansion. Growing industrial economies in the Asia-Pacific region, Latin America, and Africa are anticipated to present the potential for calcium acetate market expansion, particularly in the consumer products and construction sectors.
The global calcium acetate market is segmented based on grade, function, application, industry vertical, and region.
The global market is divided into pharmaceutical grade and industrial grade based on grade. In 2021, the pharmaceutical grade market category held the biggest market share, and it is anticipated that it would continue to dominate during the projected period. When treating Hyperphosphatemia (high blood phosphorus levels), pharmaceutical-grade calcium acetate can be used as a phosphate binder.
It can also be used to make lab reagents for the production of anti-epileptic medications. On the other hand, the industrial grade is predicted to expand at the fastest CAGR throughout the forecast period. Calcium acetate of industrial grade is used in the production of lubricants, carbon black and resins for printing ink, calcium soap, as a gelling agent, in water treatment, as a concrete accelerator, and as a PVC foam blowing agent. The product is also used as a calcium source in fertilizers, with a minimum calcium (Ca) value of 23.8% (33.4% represented as CaO).
Pharmaceutical components, resins, coatings, detergents, dyes, drilling fluids, ceramics, leather tanning, lubricants, food additives, and others are the application segments of the market. Over the forecast period, the pharmaceutical ingredient is likely to lead the market. Calcium acetate, a chemical compound that is the calcium salt of acetic acid, is employed as a phosphate binder in pharmaceutical products to reduce the body's absorption of phosphate. End-stage renal disease (ESRD) patients whose kidneys are unable to filter out the phosphates in regular meals due to hyperphosphatemia are given calcium acetate-containing medicines.
The global calcium acetate market is likely to be dominated by Asia Pacific during the forecast period. Asia Pacific is the world's largest producer and user of calcium acetate. Calcium acetate is mostly consumed by industrial economies in the region, including China, India, Japan, Thailand, Taiwan, Indonesia, and South Korea. In these countries, calcium acetate is largely used in wastewater treatment, medicines, consumer goods, and chemical sectors. Asia is home to China and India, two of the world's most populous countries. These countries are rapidly developing into industrial powerhouses. These countries' purchasing power parity and per capita, disposable income is rising. This has boosted the demand for calcium acetate end-use items such as detergents, soaps, and medications.
The global calcium acetate market is dominated by players like VASA PhamaChem, Qingdao BCD Fine Chemical, Merck Millipore, Avantor Performance Materials, Shanxi Fu Rongfu Chemical, Wuxi Yangshan Biochemical, Tengzhou Tenglong, Penglai Marine Bio-Tech, Wuxi Unisen, Anhui Hongyang Chemical, Allan Chemical Corporation, Nithyasri Chemicals, Solvay, Amresco LLC, Alfa Aesar, GFS Chemicals Inc, Merck KGaA, J.M Loveridge Ltd., among others.
This review is based on a report by Zion Market Research, titled “Calcium Acetate Market By Grade (Pharmaceutical Grade and Industrial Grade), By Function (Texturizer, Stabilizer, Thickener, Firming Agent and Others), By Application (Pharmaceutical Ingredient, Resins, Coatings, Detergents, Dyes, Drilling Fluids, Ceramics, Leather Tanning, Lubricants, Food Additive and Others), By Industry Vertical (Pharmaceutical, Food & Beverage, Waste Water Treatment, Chemical, Building & Construction, Automotive and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/calcium-acetate-market
The global calcium acetate market is segmented as follows:
By Industry Vertical
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