Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Sodium acetate is produced by reacting acetic acid with sodium carbonate. Sodium acetate trihydrate is granular crystalline powder and has acetic odor.  Medical & pharmaceutical, leather & textiles, plastic, water, agriculture, and food are some of the key application of the sodium acetate trihydrate and sodium acetate.

The global sodium acetate market accounted for US $ 103.54 Million in terms of value and 350.43 Thousand Tons in terms of volume in 2019

Drivers:

Robust growth in the pharmaceutical industry is projected to propel the market growth of the sodium acetate trihydrate & sodium acetate anhydrous. It is widely used in the electrolytes and warming pads. They are also used as a diuretic agent. Increasing geriatric population is creating a need for healthcare facilities. Hence, growth in the pharmaceutical industry is fueling the market growth of the sodium acetate trihydrate & sodium acetate anhydrous over the forecast period.

Growing demand for leather products is predominantly fueling the market growth of the sodium acetate trihydrate & sodium acetate anhydrous. Increasing demand for products such as handbags, footwear, bags, and other leather-based products is driving demand for sodium acetate trihydrate & sodium acetate anhydrous. It is a crucial component of leather tanning chemicals and textile dyeing chemicals. Moreover, an increasing number of leather manufacturing industries around the globe is also expected to foster the market growth. Thus growing demand for leather products is propelling the market growth. 

Sodium Acetate Trihydrate product segment dominated the Global Sodium Acetate market in 2019, accounting for 56.04% share in terms of value, followed by anhydrous segment.

Figure 1. Global Sodium Acetate Market, Revenue Share (%), By Product, 2019

Sodium Acetate  | Coherent Market Insights

Market Restraints

Lack of awareness regarding the benefits of the products is affecting the demand for sodium acetate trihydrate & sodium acetate anhydrous. This factor is hindering market growth over the forecast period.

Availability of the other food preservatives in the market is restricting the use of sodium acetate trihydrate in the food application. Thus, easy availability of other food preservatives are projected to inhibit the market growth.

request-sample

Sodium Acetate Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 103.54 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.90% 2027 Value Projection: US$ 151.90 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Segments covered:
  • By Product: Sodium Acetate Trihydrate, and Sodium Acetate Anhydrous
  • By End Use: Leather & textile, Food, Medical & Pharmaceuticals, and Others
Companies covered:

Allan Chemical Corporation,  CABB GmbH,  Changshu Nanhu Chemical Co., Ltd.,  Fujian Fukang Pharmaceutical Co., Ltd.,  Nantong Zhongwang Additives Co., Ltd.,  Karn Chem Corporation,  Niacet Corporation,  NOAH Technologies Corporation,  Shanxi Xinzhou Chemical Reagent Factory, and  Spectrum Chemical Manufacturing Corporation

Growth Drivers:
  • Surging demand across pharmaceutical sector
  • Increasing adoption of leather products
Restraints & Challenges:
  • Lack of awareness over usage of Sodium Acetate
  • Availability of substitutes across food industry

Market Opportunity

Expansion of the chemical industry around the globe due to the increasing production of chemical products is expected to offer lucrative opportunities in the market over the forecast period. According to the Cefic Facts & Figures, global chemical turnover was valued at €3,347 billion in 2018. Global sales increased by 2.5% from €3,266 billion in 2017 to €3,347 billion in 2018. China leads the market with €1,198 billion in 2018. Thus, robust growth in the chemical industry is projected to foster the market growth.

Increasing use of sodium acetate as a phase changing materials in solar heat systems and thermal energy storage systems is projected to bring new market opportunities. Moreover, it is also used in other applications such as heat pump systems, heat pump systems, waste heat recovery and thermal protection in electronic products. Thus, emerging such application of sodium acetate is projected to foster the market growth of the sodium acetate trihydrate & sodium acetate anhydrous over the forecast period. 

Figure 2. Global Sodium Acetate Market, Revenue Share (%), By End-Use, 2019

Sodium Acetate  | Coherent Market Insights

The leather & textile end use segment accounted for a share of 35.50% across the global sodium acetate market in 2019 followed by medical & pharmaceuticals, and others segment respectively.

Market Trends/Key Takeaways

Improving lifestyle of the consumers coupled with the growing awareness regarding the health is driving consumption of the product from the healthcare industry. The overall development of the economy coupled with the growing supply chain of the food products is also contributing to the market growth of sodium acetate trihydrate & sodium acetate anhydrous. All these factors are expected to bolster the demand for sodium acetate over the forecast timeframe.

The growing use of sodium acetate in the agriculture industry is one of the emerging trends in the market. Sodium acetate is used in nematicides as an attractant. Nematicides are a type of pesticide used to kill the worms on plants. Growing adoption of the advanced agricultural practices for enhancing the yield production is expected to boost the demand for pesticides which in turn is creating demand for sodium acetate. Thus, growing agricultural application of sodium acetate is propelling the market growth.

Figure 3. Global Sodium Acetate Market – Value Chain Analysis

Sodium Acetate  | Coherent Market Insights

Global Sodium Acetate Market - Impact of Coronavirus (Covid-19) Pandemic

The global sodium acetate market has been impacted due to the ongoing COVID-19 pandemic. This can be attributed to the hindrance in the supply chain and shutting down of several many industries due to the imposition of lockdown. But, its demand across the medical and pharmaceutical sector has gained traction over the pandemic period. Moreover, rapid technological advances undertaken by the key players are projected to trigger the market growth over the post-pandemic period.

Competitive Section

Key players operating in the global sodium acetate market include Allan Chemical Corporation,  CABB GmbH,  Changshu Nanhu Chemical Co., Ltd.,  Fujian Fukang Pharmaceutical Co., Ltd.,  Nantong Zhongwang Additives Co., Ltd.,  Karn Chem Corporation,  Niacet Corporation,  NOAH Technologies Corporation,  Shanxi Xinzhou Chemical Reagent Factory, and  Spectrum Chemical Manufacturing Corporation.

Sodium acetate is a type of salt which is widely being used as a food additive for enhancing the taste and mixing ability of processed foods. It also largely used in the preparation of drugs and animal food. The properties of sodium acetate such as acting as an acid regulator, preservative, and emulsifier are expected to augment its demand in the upcoming years. Also, its usage for the preparation of processed cheese, dairy products, meat, and egg-based desserts is projected to contribute majorly towards the market growth.

Sodium acetate has properties such as high density and solubility. Thus, it is widely used as a washing salt across the leather and textile industry. Moreover, its ability to protect the dye and increase its uptake is expected to trigger its market growth in the upcoming years. Also, it is being used across medical and pharmaceutical segment for preparation of medicines and drugs.

Market Dynamics

Growing demand for the product from food &beverage industry is expected to foster the market growth of sodium acetate trihydrate & sodium acetate anhydrous. Sodium acetate trihydrate is used as preservatives and flavoring ingredients in the food products. Therefore, growing demand for ready-to-eat food the industry is driving demand for preservatives. The busy lifestyle of the consumers is fueling demand for ready-to-eat food products which in turn augmenting the market growth of the sodium acetate trihydrate & sodium acetate anhydrous.

Increasing population coupled with the growing disposable income of the consumers is projected to serve major opportunities in the market growth of the sodium acetate trihydrate & sodium acetate anhydrous. The rise in the various manufacturing industries around the globe is also expected to augment the market growth over the forecast period. Moreover, the growing use of the sodium acetate in the water treatment application is further anticipated to accelerate the market growth of the sodium acetate trihydrate & sodium acetate anhydrous in the near future.

The presence of a large number of substitutes is hampering product demand. For instance, sodium citrate can be used in place of sodium acetate in the dialysis fluid. Also, it can be used as an anticoagulant and antioxidant. Moreover, it has higher biocompatibility than sodium acetate. Thus, the availability of substitute is hindering the market growth of the sodium acetate trihydrate & sodium acetate anhydrous.

Key features of the study:

  • This report provides in-depth analysis of Global Sodium Acetate Market size (US$ Million and Thousand Tons, and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new Product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global sodium acetate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Allan Chemical Corporation, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Fujian Fukang Pharmaceutical Co., Ltd., Nantong Zhongwang Additives Co., Ltd., Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation, Shanxi Xinzhou Chemical Reagent Factory, and Spectrum Chemical Manufacturing Corporation.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future Product launches, Product up-gradation, market expansion, and marketing tactics
  • The Global Sodium Acetate Market report caters to various stakeholders in this industry including investors, suppliers, global sodium acetate manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the Global Sodium Acetate Market

Detailed Segmentation:

  • Global Sodium Acetate Market, By Product:
    • Sodium Acetate Trihydrate
    • Sodium Acetate Anhydrous
  • Global Sodium Acetate Market, By End Use:
    • Leather & textile
    • Food
    • Medical & Pharmaceuticals
    • Others
  • Global Sodium Acetate Market, By Region:
    • North America
      • By Product
        • Sodium Acetate Trihydrate
        • Sodium Acetate Anhydrous
      • By End Use
        • Leather & textile
        • Food
        • Medical & Pharmaceuticals
        • Others
    • Europe
      • By Product
        • Sodium Acetate Trihydrate
        • Sodium Acetate Anhydrous
      • By End Use
        • Leather & textile
        • Food
        • Medical & Pharmaceuticals
        • Others
    • Asia Pacific
      • By Product
        • Sodium Acetate Trihydrate
        • Sodium Acetate Anhydrous
      • By End Use
        • Leather & textile
        • Food
        • Medical & Pharmaceuticals
        • Others
    • Rest of the World
      • By Product
        • Sodium Acetate Trihydrate
        • Sodium Acetate Anhydrous
      • By End Use
        • Leather & textile
        • Food
        • Medical & Pharmaceuticals
        • Others
  • Company Profiles
    • Allan Chemical Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • CABB GmbH
    • Changshu Nanhu Chemical Co., Ltd.
    • Fujian Fukang Pharmaceutical Co., Ltd.
    • Nantong Zhongwang Additives Co., Ltd.
    • Karn Chem Corporation
    • Niacet Corporation
    • NOAH Technologies Corporation
    • Shanxi Xinzhou Chemical Reagent Factory
    • Spectrum Chemical Manufacturing Corporation

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By End-use
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • Key Developments
  4. Global Sodium Acetate Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Sodium Acetate Market– COVID-19
  5. Global Sodium Acetate Market, By Product, 2017 - 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Sodium Acetate Trihydrate
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Sodium Acetate Anhydrous
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
  6. Global Sodium Acetate Market, By End-use, 2017 - 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Leather & textile
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Food
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 – 2027
    • Medical & Pharmaceuticals
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
  7. Global Sodium Acetate Market, By Region, 2017- 2027 (US$ Million & Thousand Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Size and Forecast, By Product, 2017- 2027 (US$ Million and Thousand Tons)
      • Market Size and Forecast, By End-use, 2017- 2027 (US$ Million and Thousand Tons)
    • Europe
      • Market Size and Forecast, By Product, 2017- 2027 (US$ Million and Thousand Tons)
      • Market Size and Forecast, By End-use, 2017- 2027 (US$ Million and Thousand Tons)
    • Asia Pacific
      • Market Size and Forecast, By Product, 2017- 2027 (US$ Million and Thousand Tons)
      • Market Size and Forecast, By End-use, 2017- 2027 (US$ Million and Thousand Tons)
    • Rest of the World
      • Market Size and Forecast, By Product, 2017- 2027 (US$ Million and Thousand Tons)
      • Market Size and Forecast, By End-use, 2017- 2027 (US$ Million and Thousand Tons)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
    • Allan Chemical Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • CABB GmbH
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Changshu Nanhu Chemical Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Fujian Fukang Pharmaceutical Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Nantong Zhongwang Additives Co., Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Karn Chem Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Niacet Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Niacet Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Shanxi Xinzhou Chemical Reagent Factory
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Spectrum Chemical Manufacturing Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.