Sodium Acetate Market: Statistical Forecast, Growth Insights, and Trade Analysis through 2031 | HAWKINS, INC., Sisco Research Laboratories, Merck KGaA., Celanese Corporation.

Sodium Acetate Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Sodium Acetate market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Sodium Acetate market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Sodium Acetate Market reached US$ 131.7 million in 2022 and is expected to reach US$ 235.7 million by 2031, growing with a CAGR of 7.6% during the forecast period 2024-2031.

What is Sodium Acetate Market?

The sodium acetate market involves the production and distribution of sodium acetate, a versatile salt commonly used in various industries. It's widely utilized in food preservation, as a flavoring agent, and in textiles for dyeing processes. Additionally, sodium acetate plays a role in medical applications, providing solutions for electrolyte balance. Its eco-friendly properties and effectiveness make it a popular choice in many applications.

Growth Driver

Rising Demand in the Construction Industry

The construction industry is experiencing significant growth, driven by an increasing need for residential and commercial spaces. One notable development is the rising demand for the sodium salt of acetic acid, which is used to enhance concrete formulations. This compound protects against surface erosion and discoloration while offering a high solvency rate.

According to Eurostat, global building construction output surged by 8.6% in February 2022, highlighting the industry's robust expansion. As construction projects multiply, the incorporation of innovative materials like sodium acetic salt not only improves the quality and durability of structures but also supports the growing need for effective and sustainable building solutions.

Key Players:

Profiles of some of the major players in the global Sodium Acetate market, which include HAWKINS, INC., Sisco Research Laboratories, Merck KGaA., Celanese Corporation, CABB Group, Global Calcium, SPECTRUM CHEMICAL MANUFACTURING CORPORATION, Niacet Corporation, Noah Chemicals and Fisher Scientific.

Industry Development:

On January 22, 2022, Aceto announced the merger of its six manufacturing acquisitions to enhance the production and distribution of its acetate products, including sodium acetate. This strategic move aims to strengthen its presence in the pharmaceuticals, specialized chemicals, agriculture, and cosmetics markets.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Sodium Acetate market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Form: Anhydrous, Trihydrate.

By Application: Chemical Reagent, Buffering Agent, Food Additive, Heat Packs, Electroplating, Others.

By End-User: Chemical, Food and Beverage, Pharmaceutical, Textile, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.

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