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Acetate Salt Market (Impact Of COVID-19) Growth, Overview With Detailed Analysis 2022-2028

Acetate Salt Market (Impact Of COVID-19) Growth, Overview With

According to Precision Business Insights (PBI), the latest report, the acetate salt market is expected to be worth USD 1.14 billion in 2022, growing at a 1.7% CAGR from 2022 to 2028. The increased need for food, chemicals, and building materials is the main factor driving the global market for acetate salts. In the textile sector, sulfuric acid is neutralized using it, and additionally, it is employed in concrete structures worldwide as a water barrier. In the Middle East and Asia Pacific's rapidly diminishing freshwater supplies, are driving up the demand for acetate salt for water treatment. Additionally, different industries are recovering magnesium salt from brine and aluminum salt from aluminum hydroxide to lower the investment required to install essential water treatment equipment. In addition, the demand for frozen and canned foods is rising globally due to increasing urbanization and population growth.

View Detailed Report Description Here - https://precisionbusinessinsights.com/market-reports/acetate-salt-market/

Food Processing Segment to Dominate the Acetate Salt Market:
The food processing segment is expected to account for a larger revenue share in the global acetate salt market, with a value share worldwide. It is projected to grow at a 2.3% CAGR between 2022 and 2028. In some food products, potassium acetate and calcium acetate are used as low-sodium substitutes. Acetate salts are typically added to food products in weights ranging from 0.2% to 0.5%. Along with acids, these salts are employed as flavourful components in a variety of prepared foods, as well as growth inhibitors for mold and bacteria in meat-based dishes. Acetate salts are utilized in potato chips and other foods because they give food a vinegar-like flavor. The market for acetate salt is expanding due to increased global demand for frozen foods and the implementation of stricter government restrictions.

Asia Pacific Acetate Salt Market:
The Asia Pacific market is expected to increase in the global acetate salt market over the forecast period. It is projected to grow at a CAGR of 2.4% in the coming years. Asia-Pacific is experiencing significant growth in all key end-user segments of the acetate salt market, including the water treatment, pharmaceutical, food processing, laboratories, textile, dyes, and rubber industries. This growth is due to rapid industrialization and urbanization, growing populations, dynamic economic development, and improved living standards.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global acetate salt market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Detailed Segmentation
Based on the product type, the market is segmented into the following:
• Sodium acetate
• Calcium acetate
• Zinc acetate
• Potassium acetate
• Others

Based on the end-user industry, the market is segmented into the following:
• Pharmaceutical
• Food Processing
• Water Treatment
• Petrochemical
• Cosmetic
• Others (Construction and Textile industries)

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The Key players' profiles in the acetate salt market report are Jost Chemicals, Shepherd Chemical Company, Wuxi Yangshan Biochemical, Chang Shu Nan Hu Chemical Co., Ltd., Karn Chem Corporation, Nantong Zhongwang Additives Co., Ltd, Niacet Corporation, Shanxi FanRongFu Chemical Factory, CABB GmbH, FRP Services & Company, NOAH Technologies Corporation, Allan Chemical Corporation, and DuPont.

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Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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