Sodium Acetate Market is valued at USD 168.80 Million in 2021 and is expected to reach USD 236.75 Million by 2028 with a CAGR of 5.80% over the forecast period.
The Detailed Market intelligence report on the Sodium Acetate Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Sodium Acetate Market place for the forecast 2022– 2028.
Rise in the issues of supply chain of the food items which are including a delay in the transporting, lesser shelf-life etc. and has also resulted in more importance in the foods which are being preserved and further using the preservatives for prolonging the food products’ shelf life. Further, this is going to bolster the demand for the sodium acetate in the industry for food preservative in the forecast period.
The sodium acetate refers to a deliquescent which is colorless and is known commonly as sodium ethanoate or the sodium salt of the acetic acid. The significant amount of demand from the industry of processed food because of the rise in the income levels has been making the market grow and has been expected to grow further in the forecast period. The product has been used extensively as a preservative, emulsifier as well as a flavoring agents in cheese, dairy products, poultry, chips and other edibles including meat. This product may be mixed with the vinegar for forming the sodium diacetate which is delivering a big flavor for the eatables.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 168.80 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 236.75 Million|
|Tables, Charts & Figures:||175|
|Sodium Acetate Companies||Lonza, Changshu Nanhu Chemical, Nantong Zhognwang Additives, Karn Chem Corporation, NOAH technologies corporation, Spectrum Chemical Manufacturing, Sisco Research Laboratories, Daito Chemical have|
|Segments Covered||By Product Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
The sodium acetate market has been segmented into anhydrous and tri-hydrate products. Among these, the tri-hydrate has been valued in a huge amount for seizing a major portion of the complete industry. The product has been using extensively in the textile and leather industry as a buffering and pickling agent. Furthermore, it has been employed in the dyes which have been further used for the printing of textiles like the dyeing silk in addition to the other natural fabrics.
Textile and leather as well as pharmaceuticals and medical domains have been the end-user dominant industries in the sodium acetate market in combination have been accounting for a major part of the entire share of the market and is going to grow at the significant rate.
By Product Type
Rise In Import Duties Driving The Global Sodium Acetate Market
The higher import duties in addition with the availability of many product substitutes which are the major factors for the restriction of the market growth of the sodium acetate market in the period of forecast. A few similar additives as well as the preservatives have been available in markets and have been acting as the sodium acetate substitutes. The major threat to the food additives and the preservatives have been available in the markets and has been posing a threat to the sodium acetate in the market.
This product has been used majorly as the washing salt in the industry of leather and the textile industries due to the superior physical properties like the density, high solubility etc. It has also been employing the increase of the uptake of the dye as well as protecting it from the light because of dying process. Furthermore, it is removing the force of electrostatic in the cotton processing in the industry of textile. All these uses and advantages are boosting the global sodium acetate market growth.
Asia Pacific To See Maximum Growth In The Global Sodium Acetate Market
Asia Pacific has been a major contributor to the market of sodium acetate and the region has been accounting for a major portion of the sodium acetate market in the world. The market share has been expected to expand in future.
Middle East and Africa