Global Sodium Acetate Trihydrate Market : Forecast and Analysis (2020-2027)
Global Sodium Acetate Trihydrate Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over forecast period 2020-2027.
The report covers an in depth analysis of COVID 19 pandemic impact on Global Sodium Acetate Trihydrate Market by region and on the key players revenue affected till April 2020 and is expected to short term and long term impact on the market.
Global Sodium Acetate Trihydrate Market Dynamics:
Sodium Acetate Trihydrate is chemically designated C2H9NaO5, a hygroscopic granular powder very soluble in water. Sodium Acetate Trihydrate is used as additives in food, industry, concrete manufacture, heating pads and in buffer solutions. An increasing demand from end use industries such as pharmaceutical, food, leather and textile is mainly driving the Global Sodium Acetate Trihydrate. The Sodium Acetate Trihydrate is extensively used as an emulsifier, preservative and flavouring agent in dairy products, cheese, chips, poultry, meat and other edibles. Moreover, an increasing R&D in pharmaceutical industry and for molecular biology, due to its potential applications is expected to create lucrative opportunities for market over forecast period.
However, factors such as high import duties along with availability of the several substitute products are expected to create lucrative opportunities for market over forecast period.
Global Sodium Acetate Trihydrate market is segmented by end user and by region. By End user Leather & textile end user segment held 45.67% of market share in 2019 and is expected to keep its dominance over forecast period. Sodium Acetate Trihydrate is majorly used as a washing salt in the leather industry and mordant in textile & leather industries owing to its superior physical properties such as high solubility, density, etc. It is also employed to increase the uptake of dye and protect it from light during the dying process. Moreover, it removes electrostatic force during cotton processing in textile industry. Leather & textile end user segment is followed by medical & pharmaceuticals and food.
By geography, APAC is expected to 53.45% of market share over forecast period. Leather & textile is 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. Moreover, an increasing demand from Japan, china and India is expected to crate lucrative opportunities for market over forecast period. APAC is followed by North America and Europe. North America is expected to 23.65% of market share over forecast period owing to high demand for Sodium Acetate Trihydrate from United States and Canada, as these are the largest tanning hubs in North America.
Report covers key development and company profiles and market leaders, potential players and new entrants. Some of the key players covered in this report are Allan Chemical Corporation, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Fujian Fukang Pharmaceutical Co. Ltd. and Karn Chem Corporation. These key players are adopting various inorganic and organic growth strategies such merger and acquisition, expansion, joint ventures, strategic alliances, collaboration and patent to increase their regional presence and business opeartions.
Recent development in market
• CABB Group was acquired by a London based equity firm and this will positively influence the company’s growth in the market.
• Niacet Corporation acquired Kemira’s food, pharmaceutical and acetate-based chemical business, which will boost the company’s overall product portfolio and also strengthen the position in the market.
The objective of the report is to present a comprehensive analysis of the Global Sodium Acetate Trihydrate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Sodium Acetate Trihydrate Market dynamics, structure by analyzing the market segments and project the Global Sodium Acetate Trihydrate Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sodium Acetate Trihydrate Market make the report investor’s guide.
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Scope of the Global Sodium Acetate Trihydrate Market
Global Sodium Acetate Trihydrate Market by End-user
• Leather &Textile
• Medical & Pharmaceuticals
Global Sodium Acetate Trihydrate Market by Region
• North America
• MEA& Africa
• Latin America
Global Sodium Acetate Trihydrate Market Major Key Players
• Changshu Nanhu Chemical Co. Ltd
• American Elements
• CABB GmbH
• Nantong Zhongwang Additives Co. Ltd.
• Sisco Research Laboratories Pvt. Ltd. (SRL)
• Karn Chem Corporation
• Niacet Corporation
• NOAH Technologies Corporation
• Gelest, Inc
• Spectrum Chemical Manufacturing Corporation
• Daito Chemical Co. Ltd.
• HiMedia Laboratories.
• Cayman Chemical
• Tokyo Chemical Industry Co. Ltd. (TCI)
• Avantor Performance Materials, LLC
• Muby Chemicals
• Nandosal Chem Industries Pvt.Ltd.
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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Organization: Maximize Market Research
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