Acetate Salt Market Size, Share, and Industry Analysis, By Product Type (Sodium Acetate, Calcium Acetate, Zinc Acetate, Potassium Acetate, and Others), By End-user Industry (Pharmaceutical, Water Treatment, Food Processing, Cosmetic, Petrochemical, and Others), and Regional Forecast, 2024-2032

The pharmaceutical segment primarily drives the acetate salt market. Acetate salt is commonly used in the formulation of pharmaceutical medications. For instance, drugs such as prednisolone acetate, a corticosteroid, use acetate salts as a carrier or a stabilizer in ophthalmic solutions for treating eye inflammation or allergies. In addition, acetate salts, such as sodium acetate, are used as a source of sodium in addition to large-volume intravenous fluids to prevent or correct hypernatremia in patients with restricted or no oral intake. This is used as an additive for preparing specific intravenous fluid formulas when standard electrolyte or nutrient solutions cannot meet the needs of the patient.

The food processing sector also drives the acetate salt market. Sodium acetate can be added to food as an acidity regulator, emulsifier, and preservative. The salt finds application in processed and ripened cheeses, sour cream, buttermilk, yogurt, and dairy and whey-based drinks. In addition, it is also used in fruits and vegetables during processing, canning, or drying. Other usage areas include custards, ice cream & pudding, chocolates, vinegar, mustard, soups, sauces, and butter blends.

• The Environmental Protection Agency regulation establishes an exemption from the requirement of a tolerance for residues of potassium acetate when used as an inert ingredient (nutrient) in pesticide formulations applied to growing crops only. Valagro S.p.A. submitted a petition to EPA under the Federal Food, Drug, and Cosmetic Act (FFDCA), requesting the establishment of an exemption from the requirement of a tolerance for potassium acetate.

Sodium acetate is widely used in the industry to offset sulfuric acid waste streams and also as a photoresist while using aniline dyes. It is used as a pickling agent in chrome tanning and helps to impede the vulcanization of chloroprene in synthetic production. In filtering cotton for disposable cotton pads, sodium acetate is used to eliminate the buildup of static electricity.

By region, the major acetate salt market consumers are China, Japan, and India in Asia Pacific; the U.S. and Canada in North America; Germany and France in Europe; and Saudi Arabia and the UAE in the Middle East & Africa.

• In 2023, India was the leading potassium acetate exporter with around 1427 shipments.


• China was the second largest exporter of potassium acetate, with 775 shipments in 2023.


• In 2022, the Asia Pacific region dominated the acetate salt market with approximately 45% of the market share.

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, Partnerships, and Others


• Latest Technological Advancement


• Insights on Sustainability


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Segmentation

Analysis by Product Type

By product type, the sodium acetate segment holds a significant share of the global acetate salt market.

• Sodium acetate is used as a buffer solution in chemical processes, especially in industries where precise pH control is required, such as in dyeing and printing textiles. It catalyzes certain organic reactions, including esterification and polymerization reactions.


• Furthermore, it is used as a food additive, particularly as a preservative and flavoring agent in processed foods.

Analysis by End-user industry

By end-user industry, the water treatment segment holds a considerable share of the global acetate salt market.

• Water treatment plays a crucial role in various industries, including those involving acetate salts. Water is a critical component in pharmaceutical manufacturing processes and is used for various purposes, such as formulation, cleaning, and quality control.


• Water treatment ensures that the water used in pharmaceutical manufacturing meets stringent quality standards to avoid contamination of products and to comply with regulatory requirements such as food manufacturing practices.

Regional Analysis

The Asia Pacific region holds a considerable share of the acetate salt market. The region is currently witnessing a significant rise in all major end-user segments of the acetate salt market. These comprise food processing, pharmaceuticals, and water treatment industries, laboratories textile industries, dyes industries, and rubber industries, among others. This is due to factors such as rapid urbanization and industrialization, rising economic development, growing population, and improved standard of living.

Global Distribution of Acetic Acid Supply, By Region, 2022

• Asia Pacific – 72%


• North America-  13%


• Europe – 7%


• Russia – 4%


• Middle East & Africa - 4%

Key Players Covered

The report includes the profiles of key players such as CABB GmbH, Shanxi FanRongFu Chemical Factory, Jost Chemicals, Shepherd Chemical Company, Niacet, Karn Chem Corporation, Allan Chemical Corporation, FRP Services and Company, and Dow Chemicals.

Key Industry Developement

• September 2021 - Kerry, a leading company in Taste and Nutrition, announced the completion of its acquisition of Niacet. Niacet is a global leader in preservation and its business is an excellent complement to Kerry's existing portfolio of food protection and preservation technologies and processes. In addition, Niacet is a leader in the bakery industry and offers cost-effective, low-sodium preservation systems for meat and plant-based foods.