The global demand for Potassium Acetate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
The potassium salt of acetic acid is known as potassium acetate. It appears as a white deliquescent crystalline powder and is also available in solution form in the market. Potassium acetate is preferred for airport runways as it is used as a deicer to remove the ice and prevent its further formation. It is soluble in alcohol and liquid ammonia and insoluble in ether and acetone. Potassium acetate is used as a preservative and acidity regulator in processed foods. Due to its ability to break down to bicarbonates, it can be used to treat diabetic ketoacidosis. Additionally, potassium acetate solutions are excellent precursors to produce high purity materials, nanoscale powders, and specific catalysts.
Market Dynamics
The growing use of potassium acetate as a substitute for potassium chloride drives the market growth of potassium acetate. Potassium acetate solution is used for applications requiring solubilized minerals that will create high demand and push the market growth of potassium acetate. The rising trend of processed food products and changing lifestyles is also assumed to increase the demand and boost the market growth of potassium acetate. The use of potassium acetate in chemical, food, pharmaceuticals, and agriculture sectors is further aiding the market growth of potassium acetate. However, the incorrect use of potassium acetate leads to side effects that may hamper the market growth of potassium acetate.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of potassium acetate. The growth and trends of Potassium Acetate Industry provide a holistic approach to this study.
Market Segmentation
This section of the potassium acetate market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Class
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
By Applications
- Industrial
- Pharma and Food
- Deicing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Potassium Acetate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Potassium Acetate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the potassium acetate market include Niacet, Clariant, Cryotech, Hawkins, Nachurs Alpine Solutions, Daito Chemical, Lancashire Chemicals, Alkem, Jiangsu Kolod Food, Wuxi Yangshan Biochemical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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