Sodium Acetate Market is set for a Rapid Growth and is expected to Reach USD 236 Million by 2026

17-Oct-2019 | Zion Market Research

Zion Market Research has published a new report titled “Sodium Acetate Market Report by Product (Trihydrate and Anhydrous Sodium Acetate), and by End-Use Industry (Leather and Textile Industry, Food Industry and Pharmaceutical Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026”    According to the report, the Sodium Acetate Market accounted for USD 137.3 Million in 2018 and is expected to reach USD 236 Million by 2026, growing at a CAGR of around 7% between 2019 and 2026.

Browse the full “Sodium Acetate Market: Report by Product (Trihydrate and Anhydrous Sodium Acetate) and by End-Use Industry (Leather and Textile Industry, Food Industry and Pharmaceutical Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026” Report at https://www.zionmarketresearch.com/report/sodium-acetate-market

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The global sodium acetate market is expected to observe noticeable growth over the years. Sodium acetate is a sodium salt of acetic acid which is also known as sodium ethanoate. It is a hygroscopic white crystalline powder with a vinegar odor, which is soluble in water. Sodium acetate is used as a source of sodium ions in solutions for dialysis and as a systemic and urinary alkalizer, expectorant and diuretic. Sodium acetate is approved by the FDA as a food additive and widely used as an emulsifier, preservative and flavoring agent in dairy products, cheese, poultry, meat, and other edibles. The rising demand for sodium acetate due to its ability to preserve dairy products is anticipated to drive the market demand. Moreover, it also works as an acidity regulator and in animal feeds and various drugs which is anticipated to bolster the market within the forecast period.

Global Sodium Acetate Market

The global sodium acetate market has been categorized on the basis of product and end-use. Based on the product, the sodium acetate market has bifurcated into trihydrate sodium acetate and anhydrous sodium acetate. Among these, the sodium acetate trihydrate segment is likely to have maximum share owing to the extensive use of the product in the textile and leather industry as a buffering and pickling agent. Moreover, it is utilized in dyes which are further used for textile printing such as dyeing silk, wool, and other natural fabrics. Additionally, the trihydrate sodium acetate market is vast compared to anhydrous sodium acetate due to the pricing factor as the price of trihydrate sodium acetate is cheap compared with anhydrous sodium acetate. All these factors are expected to bolster the demand for the sodium acetate trihydrate segment. In terms of end-user, the sodium acetate market has segmented into leather and textile, food, and pharmaceutical industries. Leather & textile and pharmaceutical end-user segments are anticipated to have the maximum market share and will grow at a noteworthy rate within the forecast period. The product is widely utilized in the leather industry as a washing salt and mordant in textile & leather industries due to its excellent physical properties such as high density and solubility. The food industry is also anticipated to grow at a noticeable rate as the product is used as a preservative which provides a better shelf life of food items such as meat, poultry, dairy products, etc. The significant growth in the food industry is ultimately impacting positively on the sodium acetate market demand over the year.

The key players in the global sodium acetate market are Nantong Zhongwang Additives, Changshu Nanhu Chemical, Lonza, Cayman Chemical, Karn Chem Corporation, NOAH Technologies Corporation, CABB, American Elements, Spectrum Chemical Manufacturing Corporation, Niacet Corporation, HiMedia Laboratories, Gelest Inc. and among others.

This report segments the global sodium acetate market as follows:

Global Sodium Acetate Market: Product Segment Analysis

  • Trihydrate
  • Anhydrous Sodium Acetate

Global Sodium Acetate Market: End-User Analysis

  • Leather and Textile Industry
  • Food Industry
  • Pharmaceutical Industry

Global Sodium Acetate Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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