Ammonium Acetate Market Opportunities and Forecasts 2019
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It is usually consumed as a biodegradable de-icing agent, reacted with acetic acid, for the thermal decomposition of non-ionic products, as a source of ammonia for organic synthesis in the Borch reaction, and as a catalyst in the Knoevenagel condensation. It is also used for the removal of contaminants via diffusion in dialysis as a part of protein purification process. Ammonium acetate is significantly used for replacing cell buffers with non-volatile salts in the preparation of samples of mass spectrometry owing to its volatile nature at low pressures. Besides these applications, ammonium acetate is widely consumed in food additives as an acidity regulator, and in pharmaceuticals in medicines and drug preparation.
The global market for ammonium acetate has been witnessing noticeable growth owing to growth of its application industries, such as food additives and pharmaceuticals. The demand for ammonium acetate is anticipated to rise on account of growing consumption of food and beverages coupled with increasing awareness regarding the use of functional food additives. Small, medium and large scale manufacturers of ammonium acetate are operating in the industry with different product and market focus. Key manufacturers have entered into several collaborations and agreements with other companies for the marketing of new products as well as garnering a larger share in the market. Being a functional chemical, ammonium acetate also has significant importance in the pharmaceutical industry. Emerging economies such as China widely consume ammonium acetate in pharmaceuticals including drug preparation, chemical medicine, and Chinese patent drug, which has grown rapidly over the years. Moreover, the government of China has raised concerns over pharmaceutical safety, leading to greater demand for high-grade ammonium acetate in the future.
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Various manufacturers are significantly investing for the development of the pharmaceutical industry on account of its tremendous growth potential. Private research institutions as well as major pharmaceutical companies are looking forward for alternate ways to strengthen their product pipeline. These factors have significantly accounted for the growth of the ammonium acetate market in the pharmaceutical industry.
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