Asia Pacific emerged as the largest consumer of sodium acetate anhydrous in 2013. North America followed Asia Pacific in terms of consumption from various applications with market share of 21.6% in 2013.
Albany, NY -- (SBWIRE) -- 12/04/2015 -- Sodium acetate, also known as sodium ethanoate, can be synthesized by reacting acetic acid with sodium carbonate or sodium hydroxide. Sodium acetate trihydrate is a granular, crystalline powder with acetic odor, while sodium acetate anhydrous is a granular, hygroscopic powder. Sodium acetate trihydrate and sodium acetate anhydrous have been approved by the Food & Drug Administration (FDA) as Generally Regarded As Safe (GRAS) compounds. These compounds are non-flammable and non-toxic in nature. Sodium acetate is manufactured in compliance with the rules and legislations laid down by regulatory authorities such as the American Chemical Society for chemical applications, the U.S. Pharmaceutical Convention (USP-NF) for pharmaceutical applications and Food Chemicals Codex (FCC) for food applications.
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The rising demand for sodium acetate trihydrate and sodium acetate anhydrous from leather & textile and medical & pharmaceutical industries is expected to drive the global sodium acetate market in the next five years. However, the availability and superior properties of substitutes are anticipated to hamper market growth. Emerging applications in the form of phase-change materials in solar heat systems and as attractants in nematicides are estimated to offer immense opportunities for market players in the coming years.
The report includes an executive summary for the sodium acetate trihydrate and sodium acetate anhydrous market. The executive summary comprises of the global market volume (tons) and revenue (USD thousand), market shares by end-user industries, regional shares for 2013 and 2020 and market CAGRs in terms of both volume and revenue.
The report analyzes the demand for sodium acetate in terms of volume (tons) and revenue (USD thousand) from 2013 to 2020. The market is segmented based on its major end-user industries such as leather & textiles, food, medical & pharmaceutical and others. Other end-user industries include water treatment, plastics, personal care, soaps and agricultural chemicals. Each of these end-use industries has been estimated and forecasted for each region including North America, Russia, Rest of Europe, Asia Pacific and Rest of the World from 2013 to 2020.
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The study includes a detailed analysis of factors driving and restraining the market and their impact during the forecast period. Additionally, the report comprises of upcoming opportunities in the market. The report includes a detailed value chain analysis in order to study gross value added at each stage of the value chain. The report provides Porter's Five Forces model, which analyzes the bargaining power of suppliers, bargaining power of buyers, threat from substitutes, threat from new entrants and existing degree of competition and impact of other factors on competition. The Porter's Five Forces impact has been evaluated for the current scenario and also takes into account the possible future aspects that could affect the market. The study also includes a market attractiveness analysis model based on end-use industries in order to portray a comparison of the attractiveness of various market segments for future investments or divestments. The market attractiveness of end-use industries has been evaluated based on market size, market growth, profit margins, raw materials & technology, competition and other factors such as social and legal issues.
The report also provides detailed company profiles of major players in the market. These profiles include company overview, financial overview, business strategies, product portfolio and recent developments of the various players. Major participants profiled in the report include Allan Chemical Corporation, CABB GmbH, Changshu Nanhu Chemical Co., Ltd, Fujian Fukang Pharmaceutical Co., Ltd, Nantong Zhongwang Additives Co., Ltd, Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation and Shanxi Xinzhou Chemical Reagent Factory.
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