Los Angeles, CA -- (SBWIRE) -- 10/09/2018 -- Description

This report studies the global Potassium Acetate market status and forecast, categorizes the global Potassium Acetate market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Potassium acetate (KCH3COO) is the potassium salt of acetic acid. It is white flakes or crystalline powder and also used in industry, pharma, food additives, deicing, and others. Potassium salts are common to be sold in aqueous solution form. Corespondingly, potassium acetate is usually sold as aqueous solution, especially in deicing and drilling fluid industries. In our report, the amount of all liquid products is converted to amount of pure solid potassium acetate.

Potassium acetate is used in a wide variety of industrial applications. The major uses are in the production of catalyst, oil drilling, pharma & food and deicing, etc. Industrial usage is the main application of potassium acetate, accounting 38.63% of the global consumption, while deicing is the major application of potassium acetate in North America.

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In the next few years, due to the gradual recovery of the global economy, the downstream market demand will grow slowly. Consequently, we believe the world production of potassium acetate in the coming years will reach 84578 MT in 2022. Although sales of potassium acetate brought a lot of opportunity, the study group recommends the new entrants just having money but without technical advantage and downstream support do not enter into the potassium acetate field.

The global Potassium Acetate market is valued at 140 million US$ in 2017 and will reach 150 million US$ by the end of 2025, growing at a CAGR of 0.4% during 2018-2025.

The major manufacturers covered in this report

Niacet

Clariant

Cryotech

Hawkins

Nachurs Alpine Solutions

Evonik

Daito Chemical

Lancashire Chemicals

Askhay

Baltic Enterprise

Jiangsu Kolod Food

Wuxi Yangshan Biochemical

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Food Grade

Pharmaceutical Grade

Industrial Grade

By Application, the market can be split into

Industrial

Pharma & Food

Deicing

Others

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