Ammonium Acetate Market

Ammonium Acetate Market: Overview

The ammonium acetate market is predicted to rise at a notable pace over the 2020- 2030 forecast period due to the use of ammonium acetate in multiple industries. The growing awareness towards use of functional additives in processed food and beverages, wherein ammonium acetate finds application as acidity regulator in food additives provides ample opportunities for ammonium acetate market.

Key parameters based on which ammonium acetate market is divided are application, end-use, and region.

Ammonium Acetate Market: Competitive Landscape

The ammonium acetate market features a consolidated vendor landscape due to the presence of limited number of players. Key players operating in the ammonium acetate market are Chutian Fine Chemical, Niacet, Yangshan Biochemical, Industrial Chemicals, Hongyang Chemical, Victor Chemical, NASi, Yafeng Chemical, Langfang Tianke, Jarchem, Runhong Technology, Zhonghe Chemical, and Jiatai Chemical.

Ammonium Acetate Market: Key Trends

Vast use of pharmaceutical grade ammonium acetate for drug preparation and chemical medicines provides immense growth opportunities for ammonium acetate market. The product is used in manufacturing of penicillin and insulin. With changing consumer preference for therapy, the exponential growth of pharmaceutical industry will fuel remarkable growth in the ammonium acetate market.

Ammonium acetate finds several other applications such as use as gelling or foaming agent in latex production and use as a buffering solution due to pH value of seven. Ammonium acetate is used as a deicing agent as it possesses characteristics to operate at very low temperatures.

Ammonium Acetate Market: Regional Assessment

North America led by the U.S., Canada, and Mexico is likely to generate remarkable revenue in the ammonium acetate market over the forecast period. This is mainly because of notable growth of manufacturing industries, pharmaceutical, and food processing industries in the region. Substantial use of ammonium acetate as a deicing agent to melt the snow on roads, bridges in cold countries further opens growth avenues for ammonium acetate market in the region.

The growing awareness of the use of functional additives in processed foods and beverages, where ammonium acetate is used as an acidity regulator in food additives, provides revenue generation opportunities for the ammonium acetate market in the coming years. The growing acceptance of functional additives in processed foods and beverages, where ammonium acetate is used as an acidity regulator in food additives, offers lucrative growth opportunities for the ammonium acetate market. Ammonium acetate is a white crystalline solid that can be produced in two ways: by saturating glacial acid with dry ammonia gas or by inactivating acetic acid with ammonium carbonate. As ammonium acetate is fluid at low pressure, it is commonly used in mass spectrometry sample preparation to replace cell buffer with non-volatile salts. Ammonium acetate, as the sodium chloride of a weak acid, is usually mixed with acetic acid, thus forming a buffer solution. The various advantageous factors listed above are projected to augment the demand for ammonium acetate in the future market.

The rapidly growing food and beverage industry shift in preference toward natural ingredients over synthetic additives, and growing demand for functional food additives due to increasing health concerns are some of the key factors driving market growth. Increasing research and development of ammonium acetate-based food additives and pharmaceuticals is expected to drive market demand for ammonium acetate. When touched, ammonium acetate causes mild skin irritation, and swallowing it can result in stomach irritation and diahorrea. These symptoms could also be accompanied by kidney diuresis. Health concerns about ammonium acetate may limit the sales growth of the ammonium acetate market in the near future.

The widespread use of ammonium acetate of pharmaceutical level in chemical medicines and drug preparation opens up enormous growth opportunities for the ammonium acetate market. The substance is used in the production of insulin and penicillin. With the rapidly changing consumer preferences for therapy, the pharmaceutical industry's exponential growth will increase sales growth in the ammonium acetate market in the future. Ammonium acetate is also used as a foaming or gelling agent in latex production and as a buffering solution due to its pH value of seven. Owing to its ability to operate at extremely low temperatures, ammonium acetate is used as a deicing agent. Geographically, North America emerged as the largest revenue generator for the ammonium acetate market on account of the flourishing number of industries such as food processing , pharmaceutical, and manufacturing industries using ammonium acetate.