Acetate salts are clear and colorless crystals or liquid (in aqueous form) derived from acetic acid. Acetate salts are low toxic compounds that provide good buffering properties—ability to maintain solutions at relatively constant pH despite changes in acid or base concentration. These salts are extensively utilized in various end user industries such as pharmaceuticals, food processing, and water treatment industries, among others.

Market Dynamics

The global market for acetate salts is primarily driven by growing demand of food, chemicals and construction industry. It is used to neutralize sulfuric acid in the textile industry. Moreover it is used as a barrier to water in the concrete structures across the globe.

Other factors including rapid depletion of fresh water reserves in countries in Asia Pacific and the Middle East fueling demand for acetate salt for water treatment, to recover magnesium salt from brine and aluminum salt from aluminum hydroxide by various industries to reduce investment made for raw water treatment equipment installation.. Moreover with the increase in population and growing urbanization, rapid adoption of frozen and canned food demand increasing across the globe..

However, the market faces certain drawbacks such as presence of benzoic acid and sodium benzoate that are commonly used as food preservatives, which are easily available in the market and rapidly maturing market in developed economies of North America and Europe, inadvertently leading to plunge in profitability.

Market Segmentation

Acetate salts are essential products for general, as well as industrial purposes. In the report, the acetate salt market is segmented on the basis of product type and end user industry. They are further segmented as follows:

  • By product type, the market has been segmented into
    • Sodium acetate
    • Calcium acetate
    • Zinc acetate
    • Potassium acetate
    • Others
  • By end-user industry, the market has been segmented into
    • Pharmaceutical
    • Food Processing
    • Water Treatment
    • Petrochemical
    • Cosmetic
    • Others (Construction and Textile industries)

Among product types, sodium acetate segment dominates the acetate salt market. Factors such as extensive application in food processing, pharmaceuticals, textiles and cosmetics industry, makes sodium acetate the largest segment in the global acetate salt market.  

Among end-user industries, pharmaceuticals industry is currently the largest consumer of acetate salt and is also expected to witness fastest growth rate during the forecast period (2016-2024). Acetate salts are widely used in production of various types of drugs. Rapidly growing pharmaceuticals industry in emerging economies of Asia Pacific and South America has in turn resulted in high demand for acetate salt in these regions. Furthermore, its application in potato chips to give a salty and vinegar flavor, food processing industry is also increasing, where it is widely used as preservative and flavoring agent.

Acetate Salt Market | Coherent Market Insights

Source: Coherent Market Insights

Regional Analysis

The market has been geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In terms of consumption in 2016, North America dominated the market, followed by Asia Pacific, and Europe, respectively. Highly advanced pharmaceuticals industry and widespread presence of superior quality of water treatment solutions in North America makes it the largest acetate salt market. Furthermore, high consumption of frozen and canned food in the region is a major factor driving growth of the acetate salt market in North America.

However, Asia-Pacific, currently the second largest market, is expected to witness maximum growth rate during the forecast period (2016-2024). Owing to factors such as rapid industrialization & urbanization, growing population, dynamic economic development and improved standard of living, Asia-Pacific is currently witnessing significant rise in all major end-user segment of acetate salt market such as pharmaceuticals, food processing, and water treatment industries, laboratories textile industries, dyes industries and rubber industries, among others.

Opportunities and Major Players

Sodium acetate is used to neutralize the sulfuric acid from waste pipes in the textile industry. Burgeoning growth of the textile industry, especially in Asia Pacific is expected to boost growth of the market over the forecast period.

The market of acetate salt is highly fragmented, with the presence of only few global players. Majority of the players in this market are local players, with better access to distribution in their local market.

Major companies dominating this market for its products, services, and continuous product developments are:

  • Jost Chemicals
  • Dow Chemicals Company
  • Shepherd Chemical Company
  • Karn Chem Corporation
  • Chang Shu Nan Hu Chemical Co., Ltd.
  • Wuxi Yangshan Biochemical
  • NOAH Technologies Corporation
  • Allan Chemical Corporation
  • CABB GmbH
  • Nantong Zhongwang Additives Co., Ltd
  • Shanxi FanRongFu Chemical Factory
  • Niacet Corporation
  • FRP Services & Company
  • Merck Millipore
  • Avantor Performance Materials
  • Solvay
  • Alfa Aesar
  • M. Loveridge Ltd.
  • Amresco LLC.

*(List Not Exhaustive)

Key Developments

Increasing use of acetates in the healthcare and other sectors is expected to boost the market growth. For instance, in May 2019, researchers from University of Naples ‘Federico II’ anodized rounded tip dental implants of commercial grade titanium in aqueous phosphoric acid modified with calcium and potassium acetate.

In May 2018, researchers from Heinrich-Heine University of Düsseldorf characterized two new polymorphs of the phase-change material sodium acetate by single-crystal X-ray diffraction.

In December 2018, researchers from Lomonosov Moscow State University reported synthesis of calcium phosphate powder from calcium acetate and ammonium hydrophosphate for bioceramics application.

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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
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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:

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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
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Data Processing

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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:

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