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Published Date: 2014-08-26Number of Pages: 94

Sodium Acetate Trihydrate and Sodium Acetate Anhydrous Market for Leather & Textiles, Food, Medical & Pharmaceuticals and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

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. Applications of sodium acetate trihydrate and sodium acetate anhydrous comprise leather & textiles, medical & pharmaceutical, food and others including water treatment, agriculture and plastics. 

The increasing demand for both the trihydrate and anhydrous forms of sodium acetate in various end-user industries across the globe is driving market growth. Food, leather tanning and medical & pharmaceuticals are among the major applications of sodium acetate trihydrate and sodium acetate anhydrous. Availability of large number of substitutes, especially for food and pharmaceutical applications, is likely to hamper market growth. Novel applications of sodium acetate are expected to provide new opportunities for the market in the next few years. 

Leather & textile was the largest end-user segment in the global sodium acetate trihydrate market in 2013, and accounted for over 35% of the total market share in terms of volume. The large leather processing capabilities of companies in Asia Pacific and Europe were responsible for the widespread usage of sodium acetate trihydrate in 2013 and the trend is expected to remain same during the forecast period. Medical & pharmaceuticals is expected to be the fastest growing end-use industry owing to increasing consumption of sodium acetate trihydrate in electrolytes, warming pads and as a diuretic agent. Sodium acetate trihydrate is used as a preservative and flavoring agent in the food industry. Growth of the ready-to-eat food industry, which relies significantly on the usage of food preservatives, has been the primary driver for growth of the sodium acetate trihydrate market.

Leather & textile was the largest end-use industry of the sodium acetate anhydrous market, followed by medical & pharmaceuticals in terms of volume and revenue in 2013. The medical & pharmaceuticals end-use industry is expected to reach USD 14.59 million at the end of 2020. Sodium acetate anhydrous is used as an ingredient for diuretics, expectorants and systemic alkalizer. Additionally, it is used as a dry blend for renal dialysis. The growing medical & pharmaceuticals industry in Asia Pacific and North America is expected to augment the growth of the sodium acetate anhydrous market. Other end-uses of sodium acetate anhydrous include its usage in detergents, photography, electronics, galvanization, animal feeds, laboratories and chemical agents, among others. Over the past few years, the demand for sodium acetate anhydrous has increased due to growth of these industries.

Asia Pacific led the global market for sodium acetate trihydrate with 56.8% market share in terms of volume in 2013. Leather & textile was the largest end-use industry for this region since sodium acetate trihydrate is widely used in leather tanning as a washing salt, and in textile dyeing as a mordant. Europe emerged as the second largest consumer of sodium acetate trihydrate owing to high demand for sodium acetate trihydrate from Italy and Spain, as these are the largest tanning hubs in Europe. North America is the largest hub for pharmaceuticals; hence, medical and pharmaceuticals emerged the second-largest end-use industry in 2013. Rest of the World market is expected to grow at a moderate pace over the forecast period.

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. High per capita expenditure on healthcare and awareness in consumer groups are driving the medical & pharmaceuticals end-use industry consumption of sodium acetate anhydrous market in the region. The regional markets of Europe and Rest of the World are expected to grow at a significantly high rate between 2014 and 2020. 

The global sodium acetate and trihydrate industry is highly fragmented in nature; there is no clear leader in the market. Major industry participants in the market include Allan Chemical Corporation, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Fujian Fukang Pharmaceutical Co. Ltd. and Karn Chem Corporation.

global-sodium-acetate-trihydrate-market

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. 

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.

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.

This research report has been compiled through primary and secondary research. Primary research includes in-depth discussions and interviews with key industry participants and opinion leaders. Primary research is supplemented with secondary research including key player’s annual reports, product literature, investor presentations, press releases and other relevant documents. Secondary research also includes trade associations, government websites, internet sources, technical writing, statistical databases, journals, business magazines and news articles. 

This report segments the global sodium acetate trihydrate and sodium acetate anhydrous market as follows:
  • Sodium Acetate Trihydrate Market - End-use Industries Analysis
    • Leather & textiles
    • Food
    • Medical & Pharmaceuticals
    • Others (Including, Agriculture, Detergents, Photography, etc.)
  • Sodium Acetate Trihydrate Market - Regional Analysis
    • North America
    • Europe
    • Russia
    • Rest of Europe
    • Asia Pacific
    • Rest of the World
  • Sodium Acetate Anhydrous Market - End-use Industries Analysis
    • Leather & textiles
    • Food
    • Medical & Pharmaceuticals
    • Others (Including, Agriculture, Detergents, Photography, etc.)
  • Sodium Acetate Anhydrous Market - Regional Analysis
    • North America
    • Europe
      • Russia
      • Rest of Europe
    • Asia Pacific
    • Rest of the World


 
 
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