Acetate Salt Market - Significance, Market Overview, and Worldwide Market Outlook

 

Acetate Salt 

  Acetate salts are acetic acid-derived clear and colorless crystals or liquids (in aqueous form). Acetate salts are non-toxic compounds with good buffering properties, which allow them to keep solutions at a relatively constant pH despite changes in acid or base concentration. These salts are widely used in a variety of end-user industries, including pharmaceuticals, food processing, and water treatment.

  Acetic acid is combined with an earthy, alkaline, or metallic base to form acetate salt. The global acetate salt market is expected to grow at a rapid pace, owing to the expanding pharmaceutical industry around the world. Except for Japan, Asia-Pacific has experienced significant growth in the global acetate salt, owing to the region's expanding chemical and pharmaceutical industries and growing population.

  The global acetate salt market is segmented by end-user as pharmaceutical and biotechnology companies, chemical companies, academic research institutes, and contract research organizations, with pharmaceutical and biotechnology companies accounting for a significant revenue share and expected to grow at a rapid pace. The salt market is divided into three sections based on application: pharmaceuticals, wastewater treatment, and others. Pharmaceuticals are the application segment with the highest revenue share in the global acetate salt market over the forecast period.

  The Asia Pacific and the Middle East are driving demand for acetate salt for water treatment, as various industries seek to recover magnesium salt from brine and aluminum salt from aluminum hydroxide in order to reduce investment in raw water treatment equipment installation. Furthermore, as the world's population grows and urbanization accelerates, so does the demand for frozen and canned foods.

  However, the market has certain drawbacks, such as the presence of benzoic acid and sodium benzoate, which are commonly used as food preservatives and are easily available in the market, as well as a rapidly maturing market in developed economies of North America and Europe, which has resulted in a drop in profitability.