Sodium Acetate Market Key Players by 2024: Changshu Nanhu Chemical, Lonza, Nantong Zhongwang Additives, CABB, Cayman Chemical, Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation, American Elements, Spectrum Chemical Manufacturing Cor

Sodium acetate market has been fragmented on the basis of end-user, product and region. The product segment includes trihydrate and anhydrous sodium acetate. Among these, trihydrate product will hold around two third of the total sodium acetate market throughout the forecast span. Trihydrate form is less expensive than anhydrous and also finds its usage in leather & textile and other end-user industries owing to its excellent hydrophilic, pH controlling and other features.

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Leather & textile, food, medical & pharma are the major end-user segments in sodium acetate market. Minor end-user industries include polyester fiber, photography, etc. and have been considering in the others segment. In terms of revenue, medical & pharmaceuticals will likely generate over USD 70 million in 2024. This is owing to the wide usage of the product as an ingredient for diuretic, expectorants and systemic alkalizer in drugs, also used to form re-usable heating pads due to the superior physical and chemical properties.

The escalation in consumption of packed and ready-to-eat food will enhance the sodium ethanoate market growth. The global packed food sales registered nearly USD 2.5 trillion in 2016 and will witness healthy growth in coming years. Sodium acetate is used as an emulsifier, preservative to increase the shelf life of food product. Additionally, it is used to enhance flavor and as a buffer to maintain the pH level of the packed food. Increasing population is treading towards sedentary lifestyle due to which demand for packed meals has augmented significantly, considering that the lure of not requiring preparing meals from scratch after a busy day is way too tempting. Taking the advantage of current economic and social trend, packed and frozen food will witness a sharp growth over next few years. This will lead to increase in use of sodium ethanoate which will drive the product market in next seven years down the line

Primary hindrance to the growth of sodium acetate market is the availability of substitute products. The use of sodium citrate in place of sodium acetate in food product owing to its anti-inflammatory, biocompatibility properties will hamper the sodium acetate market. Moreover, sodium ethanoate increases the plasma content in human body and leads to hemodynamic instability and acidosis which will act as a restraining factor to the sodium ethanoate market.

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Sodium Acetate Market, Product by End-User
• Trihydrate
o Leather & textile
o Food
o Medical & pharmaceuticals
o Others
• Anhydrous
o Leather & textile
o Food
o Medical & pharmaceuticals
o Others

Sodium Acetate Market by End-User
• Leather & textile
• Food
• Medical & pharmaceuticals
• Others

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Asia Pacific depicted the maximum growth and will account for around 55% of total share of the product market in 2024. Raw material availability along with cheap labor and significant production technology for leather & textile industry will propel the product market by the end of 2024.

The key producers in the sodium acetate market includes Gelest, Daito Chemical, American Elements, Shanxi Xinzhou Chemical, Sisco Research Laboratories (SRL), Karn Chem, HiMedia Laboratories., CABB, Niacet, Changshu Nanhu Chemical, Nantong Zhongwang, Spectrum Chemical, Cayman Chemical, Tokyo Chemical Industry (TCI), Avantor Performance Materials, Nandosal Chem Industries, etc.

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