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Sodium Acetate Market Share

Report ID: GMI2408
Published Date: Feb 2018
Report Format: PDF

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Sodium Acetate Market Share

Changshu Nanhu Chemical
Lonza
Nantong Zhongwang Additives
CABB
Cayman Chemical
Karn Chem Corporation
Niacet Corporation
NOAH Technologies Corporation
American Elements
Spectrum Chemical Manufacturing Corporation
HiMedia Laboratories
Gelest, Inc
Sisco Research Laboratories
Daito Chemical

are some industry participants in sodium acetate market.

The companies participated in acquisition, merger activities to expand their production capacities and also established their presence in several regions across the globe. For instance, in April 2014, CABB Group was acquired by a London based equity firm and this will positively influence the company’s growth in the market. In March 2013, Niacet Corporation acquired Kemira's food, pharmaceutical and acetate-based chemical business, which will boost the company’s overall product portfolio and also strengthen the position in the market.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Sodium Acetate Market size was estimated over USD 120 million in 2016

Sodium Acetate Market will grow by a CAGR more than 7% up to 2024.

Increasing deployment as an emulsifier and flavoring agent in the food processing sector and changing consumer eating habits will drive product demand.

Asia Pacific will be a major revenue pocket for this business on account of the expansion in industries such as F&B, leather and textiles, etc.

Sodium acetate trihydrate will gain prominence on account of their deployment in leather and textiles businesses where they are used for textile printing and dyeing and more.

Food industry will contribute majorly toward increasing the business share as the product is used as a preservative to increase shelf life and is also used as a major flavoring agent.