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Ammonium Acetate Market: In-depth Research on Industry Size, Trends, Emerging Growth Factors to 2025
Ammonium Acetate Market
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Ammonium acetate, a metallic salt is made from gaseous ammonia and acetic acid. It is a white crystalline solid at room temperature exhibit both weak acidic and basic properties. The product is volatile at low pressure thereby finding application in preparations for mass spectroscopy samples. It replaces cell buffers with non-volatile salts and used for High Performance Liquid Chromatography (HPLC) and Evaporative Light Scattering Detector (ELSD). Global mass spectrometry market is projected to surpass USD 6.30 billion by 2024, thus stimulating ammonium acetate market value.
Company Profiles in the Ammonium Acetate Market:
1. Chutian Fine Chemical
2. NASi
3. Niacet
4. Yafeng Chemical
5. Yangshan Biochemical
6. Langfang Tianke
7. Industrial Chemicals
8. Jarchem
9. Runhong Technology
10. Hongyang Chemical
11. Zhonghe Chemical
12. Victor Chemical
13. Jiatai Chemical
The Worldwide ammonium acetate market report also delivers massive details pertaining to the information regarding the industry - these are inclusive of important facts and figures, the latest developments worldwide, and expert ideas. The study provides a complete assessment of the summary of this business sphere, is inclusive of the evaluation of the present scenario as well as the growth factors. In addition, the assessment includes details about the present market trends as well as current scenario analysis.
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The product in pharmaceutical grade is used in manufacturing of insulin and penicillin. Insulin is effective in treatments of type 1 and type 2 diabetes. Penicillin is an antibacterial agent and used for treatment of infections. Global spending in pharmaceutical sector poised to reach USD 1.5 trillion by 2023 would boost ammonium acetate market growth.
Ammonium Acetate Market, By Application, 2014-2025 (Tons) (USD Million)
1. Foam Rubber
2. Acid regulator
3. Buffer solution
4. Insulin
5. Penicilin
The product finds application in form of deicing agent and possess characteristics to operate at very low temperatures. It is preferred to be used in deicing road, bridges, and airports owing to its biodegradable nature and high sublimity which leads to lesser cleaning and clearing operations. Stringent environmental norms implemented by governments is likely to promote eco-friendly biodegradable ammonium acetate market size in the estimated timeline.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
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North America led by Mexico, Canada and the U.S. ammonium acetate market revenue is likely to experience growth in the projected timeframe owing to growth of small, medium and large-scale manufacturers in the region. Europe led by Spain, U.K., France and Germany market size would grow significantly in the projected timeframe. Changing lifestyle and shifting trend towards health consciousness could stimulate regional product demand.
Asia Pacific led by Australia, India and China ammonium acetate market would experience significant growth in forecasted timeframe. Constructive policies by Chinese government favoring pharmaceutical industry is likely to drive regional product demand. Asia Pacific pharmaceutical market is poised to surpass USD 275 billion by 2021 leading to growth of market.
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