Sellbyville, DE -- (SBWIRE) -- 03/20/2019 -- The Sodium Acetate Market is set to grow from its current market value of more than $120 million to over $220 million by 2024; as reported in the latest study by Global Market Insights, Inc.

Besides being majorly used in the food industry, sodium acetate is widely used in myriad other industries such as leather, textiles, and medical. In fact, the textiles, medical & pharmaceuticals, and leather sectors account for more than 60% of sodium acetate market share. Sodium acetate is used as a neutralizing agent for sulfuric acid which is produced in the waste streams in the textile industry. The use of sodium acetate in the production of superior quality fabrics has thus augmented the growth graph of sodium acetate market from the textile sector. The chemical even acts as a mordant in the dyeing process – when aniline dyes are used, sodium acetate perpetually aids in the dyeing process by facilitating dye uptake and protecting the dye from exposure to light. Indeed, sodium acetate improves the wearing quality of fabrics by removing insoluble calcium salts, eliminates electrostatic force of cotton, and also aids in the production of long lasting fabrics. It is thus irrefutable that the chemical's application as a pickling agent in leather chrome tanning, its role as an elastomer, and the assistance it provides in the quick and even penetration of tan during leather tanning will massively drive sodium acetate industry size in the forthcoming years.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2408

Given that the end-use domains of this chemical compound have been witnessing a modest growth rate across the globe, sodium acetate market has indeed established its space in myriad geographies. However, it is imperative to mention that Asia Pacific has a more proliferate sodium acetate market when compared to the other economies, as the expansion of the textiles, leather, and food industries is much more prominent in this region. In 2016 alone, Asia Pacific accounted for more than 55% of the global sodium acetate industry share. In North America and Europe, however, the growth of sodium acetate industry has been observed to be moderate, with the regions accounting for 18% and 15% of sodium acetate market share respectively, in the year 2016.

In recent times, it has been observed that sodium acetate is being recognized by most regulatory bodies as an ecofriendly deicer. It is less persistent in the environment, without the corrosive drawbacks of chlorides and can prove as cost effective as sodium chloride. Despite the fact that the availability of cheaper alternatives may somewhat hinder sodium acetate industry growth, the business vertical is still estimated to register a CAGR of 7% over 2017-2024, with a target revenue anticipation of $220 million by 2024.

Sodium acetate boasts of excellent food preservation qualities on the grounds of which sodium acetate market has found a major foothold in the food processing domain. Predominantly used as a preservative and emulsifier in dairy products, sodium acetate is also widely used in cheese preparations such as ripened cheese, imitation cheese, processed cheese, and cheese analogues. Other dairy products that utilize sodium acetate are buttermilk, sour cream, condensed milk, whey-based drinks and yogurt. Considering that the global dairy industry is a multibillion dollar business, the use of sodium acetate as a preservative in the dairy industry is certain to lucratively propel sodium acetate market size.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2408

Sodium acetate industry also finds a commendable growth avenue in the processed food sector on account of its increasing popularity subject to hectic lifestyles and a paradigm shift in consumer meal consumption habits. Sodium acetate is used as an acid regulator to prevent the growth of harmful bacteria in canned fruit, vegetable and meat. It is also added in preserved legumes like beans and lentils and nut spreads like peanut butter. The addition of sodium acetate during the process of canning and drying not only adds bacterial deterrent but also elongates the shelf life of the product, thus validating the extensive growth of sodium acetate market from the processed food domain.

Sodium acetate market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Sodium Acetate Market, Product by End-User
- Trihydrate
o Leather & textile
o Food
o Medical & pharmaceuticals
o Others
- Anhydrous
o Leather & textile
o Food
o Medical & pharmaceuticals
o Others
Sodium Acetate Market by End-User
- Leather & textile
- Food
- Medical & pharmaceuticals
- Others
The above information is provided on a regional and country basis for the following:
- North America
o U.S.
o Canada
- Europe
o Germany
o UK
o France
o Spain
o Italy
o Russia
- Asia Pacific
o China
o India
o Japan
o Australia
o Indonesia
o Malaysia
o South Korea
- Latin America
o Brazil
o Mexico
- MEA
o South Africa
o GCC

Browse key industry insights spread across 150 pages with 176 market data tables & 29 figures & charts from the report, "Sodium Acetate Market" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/sodium-acetate-market

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.