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    Sodium Acetate Market Report

    Sodium Acetate Market Report
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    Sodium Acetate Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2 See more...

    Impact of COVID-19 on Sodium Acetate Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Sodium Acetate Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Sodium Acetate Market is likely to witness an impressive CAGR of 7.5% during the forecast period. Growing leather & textile industry, rising product demand in myriad end-user industries, and growing demand for sodium acetate in food industry are some of the key factors fueling the market growth over the forecast period.

    Sodium Acetate Market – Snapshot

    Growth

    7.5% for the next five years

    Major Product Type

    Trihydrate

    Dominant End-User Type

    Leather & Textile and Medical & Pharmaceutical

    Region with the highest demand

    Asia-Pacific

    Key Players

    American Elements, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Gelest, Inc., Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation, Sisco Research Laboratories Pvt. Ltd., Spectrum Chemical Manufacturing Corporation, and Tokyo Chemical Industry Co., Ltd.

    Segment Analysis

    Sodium-Acetate-Market-Dominant-Segments

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    Sodium Acetate Market Share: By Product Type

    Based on the product type, the market is segmented as trihydrate and anhydrous. The sodium acetate trihydrate market is estimated to account for the major share of the market during the forecast period owing to its extensive utilization in the leather & textile industry as pickling and buffering agent. In addition, excessive cost of anhydrous sodium acetate is also expected to indirectly fuel the trihydrate sodium acetate demand in the market.

    Sodium Acetate Market Share: By End-User Type

    Based on the end-user type, the market is segmented as leather & textiles, food, medical & pharmaceuticals, and others. The leather & textile industry and the medical & pharmaceutical industry are estimated to be the dominating segments, collectively accounting for the major share of the market (more than 60%) during the forecast period. This growth can be attributed to the superior physical characteristics, such as high density and solubility, offered by the product, fueling the overall industry growth.

    Sodium Acetate Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the leading region in the market on account of increasing product demand and the rapidly-growing leather & textile and food industries in the region during the forecast period. On the other hand, North America is estimated to witness significant growth in the market over the forecast period. The growth of the region can be attributed to the rising medical & pharmaceutical industry during the forecast period.

    Sodium-Acetate-Market-By-Region

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    Market Scope & Segmentation

    Sodium acetate is basically an organic sodium salt containing an acetate. It is soluble in water and finds a wide range of usage, such as additives in food industry, heating pads, concrete manufacturers, and in buffer solutions.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Sodium Acetate Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The sodium acetate market is segmented into the following categories. 

    Sodium Acetate Market Size, Share, & Forecast, by Product Type:

    • Trihydrate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Anhydrous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sodium Acetate Market Size, Share, & Forecast, by End-User Type:

    • Leather & Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical & Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sodium Acetate Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Sodium-Acetate-Market-Segmentation

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    Key Players

    Some of the key players in the sodium acetate market are-

    • American Elements
    • CABB GmbH
    • Changshu Nanhu Chemical Co., Ltd.
    • Gelest, Inc.
    • Karn Chem Corporation
    • Niacet Corporation
    • NOAH Technologies Corporation
    • Sisco Research Laboratories Pvt. Ltd.
    • Spectrum Chemical Manufacturing Corporation
    • Tokyo Chemical Industry Co., Ltd.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-user type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliance

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The sodium acetate market is expected to witness an impressive growth of 7.5% CAGR in the foreseeable future.

    American Elements, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Gelest, Inc., Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation, Sisco Research Laboratories Pvt. Ltd., Spectrum Chemical Manufacturing Corporation, and Tokyo Chemical Industry Co., Ltd. are the key players in the sodium acetate market.

    Asia-pacific is expected to be the leading region in the sodium acetate market during the forecast period.

    The leather & textile industry and the medical & pharmaceutical industry are expected to remain dominant in the sodium acetate market in the coming years.

    The sodium acetate trihydrate is expected to account for the major share in the sodium acetate market in the next five years.

    Growing leather & textile industry, rising product demand in myriad end-user industries, and growing demand for sodium acetate in food industry are the factors driving the growth of sodium acetate market.

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