Sodium Acetate Market Size & Share 2017 - 2024

Market Size by Product (Trihydrate, Anhydrous), by End User (Leather & Textile, Food, Medical & Pharmaceuticals), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, & Forecast.

Report ID: GMI2408

Published Date: February 2018

Report Format: PDF

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Sodium Acetate Market Size

Sodium Acetate Market size was estimated over USD 120 million in 2016 and the industry will grow by a CAGR more than 7% up to 2024.

Sodium Acetate Market

Sodium acetate is colorless deliquescent and commonly known as the sodium salt of acetic acid or sodium ethanoate. Significant demand from the processed food industry owing to rise in income level of consumers, round the clock working hours and shift in consumer eating habits will boost the sodium acetate market over the forecast period. The product is extensively used as an emulsifier, preservative and flavoring agent in dairy products, cheese, chips, poultry, meat and other edibles. The product can be mixed with vinegar in order to form sodium diacetate which delivers a pungent flavor to eatables. Rising supply chain issues of food items which include delay in transportation, less shelf-life, etc. has resulted in a greater importance in preserving food and subsequently using preservatives to prolong the shelf-life of food products. Hence, this will bolster the sodium acetate demand in food preservative industry by 2024.

High import duties along with availability of the several substitute products are the crucial factors for restricting the sodium acetate market growth throughout the forecast spell. Similar food additives and preservatives are available in the market and are acting as substitutes for sodium acetate. These food additives and preservatives are likely to pose a threat to sodium acetate in the near future. Additionally, higher concentration of acetic acid is used to maintain the acidity, which is approximately hundred times higher than normal plasma levels of blood. This may result in increased plasma acetate content and promote hemodynamic instability and acidosis. Thus, higher dosage of sodium acetate may adversely affect the patient’s health. This in turn, will be hampering the sodium acetate market growth by 2024.

Sodium Acetate Market Analysis

Sodium acetate market is segmented into trihydrate and anhydrous products. Among these, sodium acetate trihydrate was valued at over USD 65 million to seize around 60% of the entire industry share in 2016. The product is used extensively in leather & textile industry as a pickling and buffering agent. Moreover, it is employed in dyes which are further used for textile printing such as dyeing silk, wool and other natural fabrics.

Anhydrous sodium acetate held over 35% of the total market share in 2016 and will lose its market share in coming years due to its excessive cost. This in turn, will strengthen the trihydrate sodium acetate market penetration by 2024.

Leather & textile and medical & pharmaceuticals are the dominant end-user industries in sodium acetate market together accounting for more than 60% of the entire market share and will grow at a significant rate. The product is majorly used as a washing salt in the leather industry and mordant in textile & leather industries owing to its superior physical properties such as high solubility, density, etc. It is also employed to increase the uptake of dye and protect it from light during the dying process. Moreover, it removes electrostatic force during cotton processing in textile industry.

Food industry accounted for over USD 26 million for sodium acetate market in 2016. The product finds its usage as a preservative and to prolong shelf life of food items such as meat, poultry, dairy products, etc. It is mixed with vinegar to create a specific flavor in some of the delicacies and also used as seasoning agent. Positive growth in food industry especially in emerging economies will positively stimulate the sodium acetate market demand in next coming years.

Asia Pacific was major contributor to the sodium acetate market and the region accounted for around 55% of the global sodium acetate market in 2016. Its market share is likely to expand in the near future, owing to growth in leather & textile, food and other industries in the region. Rising demand from food industry for preservation of dairy products with rapidly growing leather & textile industry will contribute towards the sodium acetate market development in future.

North America had a market share of more than 18% of global sodium acetate market in 2016 and is anticipated to expand at moderate pace over the forecast period. This can be attributed to the growth in the regional medical & pharmaceutical industry. Europe held over 15% share of the overall sodium acetate market and will lose its share in coming years owing to the stringent environmental regulations and high import duties on raw materials.

Sodium Acetate Market Share

Changshu Nanhu Chemical
Lonza
Nantong Zhongwang Additives
CABB
Cayman Chemical
Karn Chem Corporation
Niacet Corporation
NOAH Technologies Corporation
American Elements
Spectrum Chemical Manufacturing Corporation
HiMedia Laboratories
Gelest, Inc
Sisco Research Laboratories
Daito Chemical

are some industry participants in sodium acetate market.

The companies participated in acquisition, merger activities to expand their production capacities and also established their presence in several regions across the globe. For instance, in April 2014, CABB Group was acquired by a London based equity firm and this will positively influence the company’s growth in the market. In March 2013, Niacet Corporation acquired Kemira's food, pharmaceutical and acetate-based chemical business, which will boost the company’s overall product portfolio and also strengthen the position in the market.

Industry Background

Continuous growth in several industries such as textile, medical, food and others will boost the sodium acetate market growth over the forecast period. This is all due to the wide acceptance of the product as a food preservative agent, buffering & pickling agent, diuretic agent in medical & pharma, leather & textile, food and other sectors. Additionally, significant production expansion in Asia Pacific region will spur the sodium acetate market growth in coming years.

Authors: Kiran Pulidindi, Akshay Prakash

Sodium Acetate Market Scope

Sodium Acetate Market Size
Sodium Acetate Market Trends

Sodium Acetate Market Analysis
Sodium Acetate Market Share

Report Content

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Sodium acetate industry 360° synopsis, 2013 – 2024

2.1.1. Business trends

2.1.2. Product by end-user trends

2.1.3. End-user trends

2.1.4. Regional trends

Chapter 3. Sodium Acetate Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distributor channel analysis

3.3.3. Profit margin analysis

3.3.4. Value addition at each stage

3.4. Raw material analysis

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Growth in leather & textile industry

3.5.1.2. Increasing sodium acetate demand in food industry

3.5.1.3. Rising demand for the product in myriad end-user industries

3.5.2. Industry pitfalls & challenges

3.5.2.1. Availability of substitute product

3.6. Growth potential analysis

3.7. Porter’s analysis

3.8. Technology trends

3.9. Regulatory trends

3.10. Company market share analysis, 2016

3.10.1. Strategic landscape

3.11. PESTEL analysis

3.12. Pricing analysis

3.12.1. Regional pricing

3.12.2. Cost structure analysis

Chapter 4. Sodium Acetate Market, Product By End-User

4.1. Global sodium acetate market share by product, 2016 & 2024

4.2. Trihydrate

4.2.1. Market estimates and forecasts, by end-user, 2013 – 2024

· Leather & textile

· Food

· Medical & pharmaceuticals

· Others

4.2.2. Market estimates and forecasts by region, 2013 – 2024

4.3. Anhydrous

4.3.1. Market estimates and forecasts, by end-user, 2013 – 2024

· Leather & textile

· Food

· Medical & pharmaceuticals

· Others

4.3.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Sodium Acetate Market, By End-user

5.1. Global sodium acetate market share by end-user, 2016 & 2024

5.2. Leather & textile

5.2.1. Market estimates and forecasts, 2013 - 2024

5.2.2. Market estimates and forecasts by region, 2013 – 2024

5.3. Food

5.3.1. Market estimates and forecasts, 2013 - 2024

5.3.2. Market estimates and forecasts by region, 2013 – 2024

5.4. Medical & pharmaceuticals

5.4.1. Market estimates and forecasts, 2013 - 2024

5.4.2. Market estimates and forecasts by region, 2013 – 2024

5.5. Others

5.5.1. Market estimates and forecasts, 2013 - 2024

5.5.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 6. Sodium Acetate Market, By Region

6.1. Global Sodium Acetate market share by region, 2016 & 2024

6.2. North America

6.2.1. North America market estimates and forecast, 2013 – 2024

6.2.2. North America market estimates and forecasts product by end-user, 2013 – 2024

6.2.3. North America market estimates and forecasts by end-user, 2013 – 2024

6.2.4. U.S.

6.2.4.1. U.S. market estimates and forecast, 2013 - 2024

6.2.4.2. U.S. market estimates and forecasts product by end-user, 2013 – 2024

6.2.4.3. U.S. market estimates and forecasts by end-user, 2013 – 2024

6.2.5. Canada

6.2.5.1. Canada market estimates and forecast, 2013 - 2024

6.2.5.2. Canada market estimates and forecasts product by end-user, 2013 – 2024

6.2.5.3. Canada market estimates and forecasts by end-user, 2013 – 2024

6.3. Europe

6.3.1. Europe market estimates and forecast, 2013 - 2024

6.3.2. Europe market estimates and forecasts product by end-user, 2013 – 2024

6.3.3. Europe market estimates and forecasts by end-user, 2013 – 2024

6.3.4. Germany

6.3.4.1. Germany market estimates and forecast, 2013 - 2024

6.3.4.2. Germany market estimates and forecasts product by end-user, 2013 – 2024

6.3.4.3. Germany market estimates and forecasts by end-user, 2013 – 2024

6.3.5. UK

6.3.5.1. UK market estimates and forecast, 2013 - 2024

6.3.5.2. UK market estimates and forecasts product by end-user, 2013 – 2024

6.3.5.3. UK market estimates and forecasts by end-user, 2013 – 2024

6.3.6. France

6.3.6.1. France market estimates and forecast, 2013 - 2024

6.3.6.2. France market estimates and forecasts product by end-user, 2013 – 2024

6.3.6.3. France market estimates and forecasts by end-user, 2013 – 2024

6.3.7. Spain

6.3.7.1. Spain market estimates and forecast, 2013 - 2024

6.3.7.2. Spain market estimates and forecasts product by end-user, 2013 – 2024

6.3.7.3. Spain market estimates and forecasts by end-user, 2013 – 2024

6.3.8. Italy

6.3.8.1. Italy market estimates and forecast, 2013 - 2024

6.3.8.2. Italy market estimates and forecasts product by end-user, 2013 – 2024

6.3.8.3. Italy market estimates and forecasts by end-user, 2013 – 2024

6.3.9. Russia

6.3.9.1. Russia market estimates and forecast, 2013 - 2024

6.3.9.2. Russia market estimates and forecasts product by end-user, 2013 – 2024

6.3.9.3. Russia market estimates and forecasts by end-user, 2013 – 2024

6.4. Asia Pacific

6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024

6.4.2. Asia Pacific market estimates and forecasts product by end-user, 2013 – 2024

6.4.3. Asia Pacific market estimates and forecasts by end-user, 2013 – 2024

6.4.4. China

6.4.4.1. China market estimates and forecast, 2013 - 2024

6.4.4.2. China market estimates and forecasts product by end-user, 2013 – 2024

6.4.4.3. China market estimates and forecasts by end-user, 2013 – 2024

6.4.5. India

6.4.5.1. India market estimates and forecast, 2013 - 2024

6.4.5.2. India market estimates and forecasts product by end-user, 2013 – 2024

6.4.5.3. India market estimates and forecasts by end-user, 2013 – 2024

6.4.6. Japan

6.4.6.1. Japan market estimates and forecast, 2013 - 2024

6.4.6.2. Japan market estimates and forecasts product by end-user, 2013 – 2024

6.4.6.3. Japan market estimates and forecasts by end-user, 2013 – 2024

6.4.7. Australia

6.4.7.1. Australia market estimates and forecast, 2013 - 2024

6.4.7.2. Australia market estimates and forecasts product by end-user, 2013 – 2024

6.4.7.3. Australia market estimates and forecasts by end-user, 2013 – 2024

6.4.8. Indonesia

6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024

6.4.8.2. Indonesia market estimates and forecasts product by end-user, 2013 – 2024

6.4.8.3. Indonesia market estimates and forecasts by end-user, 2013 – 2024

6.4.9. Malaysia

6.4.9.1. Malaysia market estimates and forecast, 2013 - 2024

6.4.9.2. Malaysia market estimates and forecasts product by end-user, 2013 – 2024

6.4.9.3. Malaysia market estimates and forecasts by end-user, 2013 – 2024

6.4.10. South Korea

6.4.10.1. South Korea market estimates and forecast, 2013 - 2024

6.4.10.2. South Korea market estimates and forecasts product by end-user, 2013 – 2024

6.4.10.3. South Korea market estimates and forecasts by end-user, 2013 – 2024

6.5. Latin America (LATAM)

6.5.1. LATAM market estimates and forecast, 2013 - 2024

6.5.2. LATAM market estimates and forecasts product by end-user, 2013 – 2024

6.5.3. LATAM market estimates and forecasts by end-user, 2013 – 2024

6.5.4. Brazil

6.5.4.1. Brazil market estimates and forecast, 2013 - 2024

6.5.4.2. Brazil market estimates and forecasts product by end-user, 2013 – 2024

6.5.4.3. Brazil market estimates and forecasts by end-user, 2013 – 2024

6.5.5. Mexico

6.5.5.1. Mexico market estimates and forecast, 2013 - 2024

6.5.5.2. Mexico market estimates and forecasts product by end-user, 2013 – 2024

6.5.5.3. Mexico market estimates and forecasts by end-user, 2013 – 2024

6.6. Middle East & Africa (MEA)

6.6.1. MEA market estimates and forecast, 2013 - 2024

6.6.2. MEA market estimates and forecasts product by end-user, 2013 – 2024

6.6.3. MEA market estimates and forecasts by end-user, 2013 – 2024

6.6.4. South Africa

6.6.4.1. South Africa market estimates and forecast, 2013 - 2024

6.6.4.2. South Africa market estimates and forecasts product by end-user, 2013 – 2024

6.6.4.3. South Africa market estimates and forecasts by end-user, 2013 – 2024

6.6.5. GCC

6.6.5.1. GCC market estimates and forecast, 2013 - 2024

6.6.5.2. GCC market estimates and forecasts product by end-user, 2013 – 2024

6.6.5.3. GCC market estimates and forecasts by end-user, 2013 – 2024

Chapter 7. Company Profiles

7.1. Changshu Nanhu Chemical Co., Ltd

7.1.1. Business overview

7.1.2. Financial data

7.1.3. Product landscape

7.1.4. Strategic outlook

7.1.5. SWOT analysis

7.2. American Elements

7.2.1. Business overview

7.2.2. Financial data

7.2.3. Product landscape

7.2.4. Strategic outlook

7.2.5. SWOT analysis

7.3. CABB GmbH

7.3.1. Business overview

7.3.2. Financial data

7.3.3. Product landscape

7.3.4. Strategic outlook

7.3.5. SWOT analysis

7.4. Nantong Zhongwang Additives Co., Ltd.

7.4.1. Business overview

7.4.2. Financial data

7.4.3. Product landscape

7.4.4. Strategic outlook

7.4.5. SWOT analysis

7.5. Sisco Research Laboratories Pvt. Ltd. (SRL)

7.5.1. Business overview

7.5.2. Financial data

7.5.3. Product landscape

7.5.4. Strategic outlook

7.5.5. SWOT analysis

7.6. Karn Chem Corporation

7.6.1. Business overview

7.6.2. Financial data

7.6.3. Product landscape

7.6.4. Strategic outlook

7.6.5. SWOT analysis

7.7. Niacet Corporation

7.7.1. Business overview

7.7.2. Financial data

7.7.3. Product landscape

7.7.4. Strategic outlook

7.7.5. SWOT analysis

7.8. NOAH Technologies Corporation

7.8.1. Business overview

7.8.2. Financial data

7.8.3. Product landscape

7.8.4. Strategic outlook

7.8.5. SWOT analysis

7.9. Gelest, Inc

7.9.1. Business overview

7.9.2. Financial data

7.9.3. Product landscape

7.9.4. Strategic outlook

7.9.5. SWOT analysis

7.10. Spectrum Chemical Manufacturing Corporation

7.10.1. Business overview

7.10.2. Financial data

7.10.3. Product landscape

7.10.4. Strategic outlook

7.10.5. SWOT analysis

7.11. Daito Chemical Co., Ltd.

7.11.1. Business overview

7.11.2. Financial data

7.11.3. Product landscape

7.11.4. Strategic outlook

7.11.5. SWOT analysis

7.12. HiMedia Laboratories.

7.12.1. Business overview

7.12.2. Financial data

7.12.3. Product landscape

7.12.4. Strategic outlook

7.12.5. SWOT analysis

7.13. Cayman Chemical

7.13.1. Business overview

7.13.2. Financial data

7.13.3. Product landscape

7.13.4. Strategic outlook

7.13.5. SWOT analysis

7.14. Tokyo Chemical Industry Co., Ltd. (TCI)

7.14.1. Business overview

7.14.2. Financial data

7.14.3. Product landscape

7.14.4. Strategic outlook

7.14.5. SWOT analysis

7.15. Lonza

7.15.1. Business overview

7.15.2. Financial data

7.15.3. Product landscape

7.15.4. Strategic outlook

7.15.5. SWOT analysis

7.16. Avantor Performance Materials, LLC

7.16.1. Business overview

7.16.2. Financial data

7.16.3. Product landscape

7.16.4. Strategic outlook

7.16.5. SWOT analysis

7.17. Muby Chemicals

7.17.1. Business overview

7.17.2. Financial data

7.17.3. Product landscape

7.17.4. Strategic outlook

7.17.5. SWOT analysis

7.18. Nandosal Chem Industries Pvt.Ltd.

7.18.1. Business overview

7.18.2. Financial data

7.18.3. Product landscape

7.18.4. Strategic outlook

7.18.5. SWOT analysis

Authors: Kiran Pulidindi, Akshay Prakash

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Premium Report Details

Base Year: 2016

Companies covered: 18

Tables & Figures: 205

Countries covered: 19

Pages: 150

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