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The global sodium acetate market was valued at US$ 103.54 million in 2019, according to Sodium Acetate Market Report, by Product (Sodium Acetate Trihydrate, and Sodium Acetate Anhydrous), by End-Use (Leather & textile, Food, Medical & Pharmaceuticals, and Others), and by Region (North America, Europe, Asia Pacific, and RoW), published by Coherent Market Insights.

The global Sodium Acetate market accounted for US$ 103.54 Mn in terms of value and 350.43 Thousand Tons in terms of volume at the end of 2019. 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.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/sodium-acetate-market-4588

Browse 50 market data tables* and 45 figures* on "Sodium Acetate Market” - Global Forecast to 2027.

Key Trends and Analysis of Sodium Acetate Market:

  • Increasing use of the sodium acetate in plastic production is a growing trend in the market. Growing production of plastic around the globe in order to meet the rising demand is expected to foster the market growth of the sodium acetate trihydrate & sodium acetate anhydrous. Moreover, increasing demand for dyes for textile printing such as wool, dyeing silk, and natural fabrics is again anticipated to augment the market growth of the sodium acetate trihydrate & sodium acetate anhydrous over the forecast period.
  • The growing use of sodium acetate in applications such as photography, electronics products, galvanization, laboratories, and chemical agents is expected to stimulate the growth of the market. Moreover, it is also used in the production of detergents. Therefore, the growing demand for detergent due to rising hygiene awareness and improving living of standard is projected to foster market growth. Furthermore, driving demand for sodium acetate from animal feed applications is further expected to propel the market growth of sodium acetate trihydrate & sodium acetate anhydrous.

Key Takeaways:

  • Global Sodium Acetate market was valued at US$ 103.54 million in 2019 and is forecast to reach a value of US$ 151.80 by 2027 at a CAGR of 4.9% between 2020 and 2027
  • The trihydrate product segment dominated the global sodium acetate market in 2019, accounting for 56.04% share in terms of value, followed by anhydrous segment.

Key players:

  • 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.

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

The novel Coronavirus (COVID-19) has impacted almost all the chemical industries across the globe market. The increasing spread of Covid-19 has forced the manufacturers to deploy precautionary measures in their facilities including labors and plant controllers screening and monitoring, and sanitizing the facilities. However, surging demand across medical and pharmaceutical industries for the preparation of medicines is anticipated to augment the market growth for sodium acetate over the pandemic period.

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