Acetate is one of the common building blocks in the production of complex molecules in living organisms. Acetates are usually found in the form of anions, salts, and esters; of these, the usage of acetate salts is high. Salts are formed when an anion reacts with a cation, resulting in the formation of an ionic compound. Commercially, acetate salts are formed by the reaction of acetic acid with an alkaline or a metallic base. Sodium acetate is the common form of acetate salts; it is generally obtained by reacting acetic acid with sodium bicarbonate. Other commercially important acetate salts are calcium acetate, ammonium acetate, aluminum acetate, and potassium acetate. Calcium acetate is produced from the reaction of calcium carbonate with acetic acid. Ammonium acetate is produced from the reaction of gaseous ammonia and acetic acid, while aluminum acetate is produced from the reaction of aluminum hydroxide and acetic acid. Potassium acetate is produced from the reaction of potassium carbonate and potassium hydroxide. Acetate salts are produced on a large scale. These are inexpensive and are used in a wide range of applications.
Acetate salts are primarily used for pH adjustment, crystallization aid, or as catalysts or reagents. These salts are added to acetic acid to form a pH buffering mixture, which is used to regulate the pH of foods that are mildly acidic. Acetate salts are extensively employed in the food industry as pH buffering agents to preserve processed meat and fish. Among packaged food products, sodium acetate is primarily used in salad dressings, sauces, and ready-to-eat meals. Potassium acetate and calcium acetate are employed as low-sodium alternatives to some food products. Typically, acetate salts are added to food products in a weight of 0.2% to 0.5%. These salts are used along with acids as flavoring agents in several ready-to-eat meals and also as growth inhibitor of mold and bacteria in meat-based foods. Acetate salts give a vinegar-like taste to food and are hence used in potato chips and other snacks. Sodium acetate is an important ingredient in the production of insulin. Other acetate salts can also be used for this purpose. In addition to being a key component in insulin products, acetate salt prevents the body from producing anti-bodies during insulin injection by acting as an oxidizing agent. Acetate salts are also employed in wide applications in leather tanning and textile industries. These salts can also be used in heat packs, hand warmers, hot ice, and as a polymer stabilizer. Besides the applications mentioned above, acetate salts are employed in resins, coatings, drilling fluids, ceramics, fire extinguishers, carpet backing, photography, lubricants, carbon black, and personal hygiene products.
The food industry accounted for the major share of the acetate salts market in 2015. In terms of consumption, Europe leads the acetate salts market, driven by the rising applications in the meat processing and ready-to-eat foods. Germany, France, and Spain attractive markets for acetate salt manufacturers. Stringent food regulations imposed by food regulatory bodies also boost the demand for acetate salts. Rise in global demand for frozen foods coupled with the implementation of stringent governmental regulations is augmenting the acetate salt market. The acetate salt market in Asia Pacific is driven by economic, cultural, and demographic changes in the region. Increase in population of youth coupled with the rise in their disposable income is likely to drive the fast food industry. This, in turn, is estimated to boost the demand for acetate salt in the next decade. The use of acetate salts for deicing roads in the U.S. and Canada is projected to increase in the next few years. Demand for acetate salts is likely to increase in Latin America, driven by the rise in demand from the large meat processing industry in Brazil and Argentina.
Key players operating in the acetate salt market are Niacet, Anmol Chemicals Pvt. Ltd., GFS Chemicals, Inc., Nanjing Jiayi Sunway Chemical Co. Ltd, Allan Chemical Corporation, Jiangsu WuXi YangShan Biochemical Co., Ltd, Nithyasri Chemicals, Macco Organiques Inc, Ava Chemicals Private Limited, and Wuxi Feipeng Fine Chemical Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.