Press release
Potassium Acetate Market Growth, Trends and Application, Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Potassium Acetate" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Potassium acetate (chemical name KCH3COO) is the potassium salt of acetic acid. It is prepared by treating potassium containing bases such as potassium hydroxide or carbonate with acetic acid, followed by heating of the compound at 50oC to 100oC. The physical form of potassium acetate is crystalline white powder. It is primarily used as deicing compound instead of calcium chloride and magnesium chloride. Potassium acetate is easily soluble in water and ethanol.
The usage of potassium acetate usage as food additive has been approved by the Food & Drug Administration of the U.S. However, incorrect use of potassium acetate in food products is poisonous and can lead to even death. Potassium acetate acts as an antioxidant and is used as a preservative in the food industry. It is employed in the treatment of diabetics and production of penicillin as antibiotic, oral cleanser, and enzymes in the pharmaceutical sector. Potassium acetate has up to five times the foliar availability that of potassium nitrate; hence, potassium acetate is widely used as agricultural nutrient to help farmers yield better results.
Potassium acetate is also available in the solution form. Potassium acetate solutions are highly concentrated and used in applications requiring solubilized minerals. These are excellent precursors to produce ultra-high purity materials, nanoscale powders, and specific catalysts.
The global market for potassium acetate can be segmented into grade and application. Based on grade, the global potassium acetate market can be segregated into food grade, pharmaceutical grade, and technical grade. Based on application, the market can be categorized into chemicals, pharmaceutical, food, and agriculture applications.
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The key factors that are driving the potassium acetate market are the increasing usage of potassium acetate as substitute compound for potassium chloride, since it is having the same functional properties such as high solubility and ability to form high density brines that of potassium chloride. This is primarily due to the strict environmental restriction for implementation of potassium chloride. However, when the potassium acetate compound is used in incorrect composition, it can lead to side effects such as tingling and burning sensation in the feet, hands and can also lead to near death symptoms. These are major factors hampering the market growth.
In terms of region, the global potassium acetate market can be segregated into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Countries accounting for major consumption of potassium acetate are the U.S., Japan, Germany, and China. This major consumption in these countries is ascribed to the fact that the increasing trend of packed food products in turn leading to demand for food additives such as potassium acetate and the increasing adoption of potassium acetate for a wide range of applications such as diabetic treatment in pharmaceutical industry and as the deicing agent in several industries
Key players operating in the potassium acetate market include Niacet, CLARIANT, BASF, Diato Chemical, Evonik, Lianyungang Tongyuan Chemical, Shanxi Zhaoyi Chemical, and Jiangsu Kolod Food.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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