Sodium Acetate Market By Grade (Technical Grade & Industrial Grade), By Packaging (Packets, Bags & Drums), By Application (Concrete Sealant, Dye Intermediate, Disinfectant, Buffering Agent, Additives, Cleaning Agent & Others), By End-use Industry (Food & Beverage (Dairy Items, Confectionery, Fruits & Vegetables), Building & Construction (Residential, Commercial, Industrial & Infrastructural), Waste-Water Treatment Industry, Textiles (Woven & Non-Woven), Cosmetics & Personal Care, Medical & Healthcare & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 0840 Report Format: PDF + Excel

Sodium Acetate Market Overview

The Sodium Acetate market size is estimated to reach US$257.7 million by 2027 after growing at a CAGR of 7.5% during the forecast period 2022-2027. Sodium Acetate is a sodium salt of acetic acid which is hygroscopic and holds high solubility in water and alcohol. The compound due to its rich chemical features has high applicability in food & beverage, building & construction and waste-water treatment sectors for additives, dye intermediates and concrete sealants which is positively influencing the sodium acetate market. The food & beverage sector has shown significant growth over the years owing to the growing consumption of various food items mainly dairy products such as cheese. According to the U.S Department of Agriculture, in 2021, U.S cheese consumption increased by 2.7% in comparison to the previous year. In addition to food & beverage, rapid development in other major sectors such as building & construction and waste-water treatment are also driving the growth of the sodium acetate industry. However, the negative health effects associated with sodium acetate usage are anticipated to pose a challenge in the market growth thereby negatively impacting the sodium acetate market size. COVID-19 negatively impacted the sodium acetate industry outlook owing to the decrease in the market demand and revenue of the chemical compound due to lockdown restrictions.

Sodium Acetate Market Report Coverage

The “Sodium Acetate Market Report – Forecast (2022 – 2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Sodium Acetate Industry.

By Grade: Technical Grade and Industrial Grade.
By Packaging: Packets, Bags and Drums.
By Application: Concrete Sealant, Dye Intermediate, Disinfectant, Buffering Agent, Additives, Cleaning Agent and Others.
By End-use Industry: Food & Beverage (Dairy Items, Confectionery, Fruits and Vegetables), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Waste-Water Treatment Industry, Textiles (Woven and Non-Woven), Cosmetics & Personal Care, Medical & Healthcare and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and Rest of the World (the Middle East and Africa).

Key Takeaways

  • Asia-Pacific dominates the Sodium Acetate industry owing to the rapidly growing food & beverage as well as building & construction sector which is driving the demand for such sodium salt of acetic acid in the region.
  • Growing investments and establishments of waste-water treatment plants have boosted the demand and usage of sodium acetate as a cleaning agent in the sector, thereby propelling market growth as well as the sodium acetate industry outlook.
  • Serious health effects of sodium acetate such as damage to the respiratory system, skin & eye irritation and breathlessness and mouth swelling can pose a threat to the growth of the sodium acetate market as well as sodium acetate market size.

Figure: Sodium Acetate Market Revenue Share by Geography, 2021 (%)

Sodium Acetate Market 

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Sodium Acetate Market Segment Analysis - by Grade

The industrial grade held the largest share in the Sodium Acetate market share in 2021 and is estimated to grow at a CAGR of 7.3% during the forecast period 2022-2027. The industrial grade of sodium acetate has high applicability in various sectors due to its high solvency and chemical nature. For instance, the compound is used as a concrete sealant in the building & construction sector, as a flavor additive in the food & beverage sector, as a cleaning agent in the waste-water treatment industry and as a buffering agent in a variety of cosmetics & personal care agents. Owing to its high applicability coupled with the rapid developments witnessed in these sectors, the demand and usage of industrial grade are anticipated to increase during the forecast period, thereby contributing to its segment growth in the sodium acetate market.

Sodium Acetate Market Segment Analysis – by End-use Industry

The food & beverage sector held the largest share in the Sodium Acetate market share in 2021 and is estimated to grow at a CAGR of 7.8% during the forecast period 2022-2027. Sodium Acetate has high applicability in the food & beverage sector where it is used in confectionery and dairy products for enhancing flavor and also helps in preserving fruits and vegetables. With the growing consumption of such food items owing to rapid population growth, increase in disposable income and improvement in living standards, the food & beverage sector has witnessed significant growth over the years. For instance, according to Brazilian Supermarket Association, in July 2021, the sales of groceries, fruits and other food items increased by 21% in comparison to the 2019 sales. Furthermore, according to the National Confectioners Association, in 2021, chocolate sales in the U.S increased by 9.2% in comparison to the previous year. Such growing consumption of food items has boosted the demand for sodium acetate to be used as flavor additives and preservatives in the food & beverage sector, thereby stimulating the growth of the sodium acetate market during the forecast period.

Sodium Acetate Market Segment Analysis – by Geography

Asia-Pacific held the largest share in the Sodium Acetate market share in 2021 up to 43.8% during the forecast period 2022-2027. The applicability of sodium acetate in the food & beverage and building & construction sector is influencing its demand in major Asia-Pacific countries such as China, India, Australia, Japan and others. Due to growing investment inflows and favorable government policies, such major end-users have shown significant growth. According to the Food and Agriculture Organization Corporate Statistical Database, in 2021, India’s milk production stood at 210 million metric tons, showing a 5.8% increase in comparison to 2019. Also, according to the National Bureau of Statistics, in Q1 of 2022, China’s national milk production increased by 8.3% in comparison to Q1 of 2021. Furthermore, according to Japan’s Ministry of Land, Infrastructure, Transport, and Tourism, in April 2022, construction orders in Japan increased by 30.5%. Such rapid development in the food & beverage and building & construction sector has accelerated the demand for sodium acetate for additives and concrete sealants applications, thereby boosting the growth of the sodium acetate market in the region.

Sodium Acetate Market Drivers

Bolstering Growth in Building & Construction Sector:

The sodium salt of acetic acid has a high solvency rate, gets easily mixed with concrete and as a concrete sealant, it protects the concrete from surface damage, corrosion and staining. The undertaking of various construction projects, both at residential and commercial levels owing to the growing demand for residential as well as working spaces, has increased the construction output. According to Eurostat, in February 2022, production in building construction increased by 8.6% in the Euro area. Furthermore, according to US Census Bureau, in June 2022, residential construction increased by 1.4% in comparison to 2021 for the same month. Such rapid developments in the building & construction sector will create a surge in the demand for sodium acetate for concrete sealant application, thereby positively impacting the growth of the sodium acetate industry during the forecast period.

New Construction of Waste-Water Treatment Plants:

As a cleaning agent Sodium Acetate has high applicability in the waste-water treatment sector for the water treatment process. The growing demand for drinking water and various government initiative to increase water access to people has resulted in setting up new waste-water treatment plants. For instance, in March 2022, United Utilities announced its completion of the reconstruction of a waste-water treatment plant in Blackburn, Lancashire involving an investment of US$216 million. Furthermore, in Q4 of 2021, the U.S government announced the construction of a waste-water treatment plant in Sonora, California and Florida for upgrading the waste-water treatment facilities. Such construction of waste-water treatment plants has accelerated the demand and usage of sodium acetate as a cleaning agent, thereby positively impacting the growth of the sodium acetate industry during the forecast period.

Sodium Acetate Market Challenge

Negative Effects on Health:

Sodium Acetate though has high applicability in major end-users such as food & beverage, building & construction and waste-water treatment sectors, the extensive usage of chemical substances leads to a series of health issues. For instance, exposure to sodium acetate causes serious breathing issues, fever, vomiting, unusual hoarseness and swelling of the throat, lips and mouth. Also, allergic reactions to sodium acetate cause skin blisters and tightness in the chest. Such serious health effects associated with sodium acetate usage can hamper its usage in major sectors such as food & beverage as flavor additives and building & construction as a mixture for concrete sealants, thereby posing a challenge to its market growth as well as sodium acetate market size during the forecast period.

Sodium Acetate Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Acetate market. The top 10 companies in the Sodium Acetate Market are:

  1. Merck
  2. FoodChem International Corporation
  3. Estelle Chemicals Pvt. Ltd.
  4. N.B Enterprise
  5. Cayman Chemical
  6. Avantor Performance Materials LLC
  7. Gelest Inc.
  8. Daito Chemicals Co. Ltd
  9. Nandosal Chem Industries Pvt Ltd.
  10. Karn Chem Corporation

Recent Developments

  • In January 2022, Aceto integrated its six manufacturing acquisitions into hybrid manufacturing and distribution of its acetate products such as sodium acetate in pharmaceuticals, specialty chemicals, agriculture and cosmetics markets.
  • In August 2021, Milla Pharmaceuticals announced approval and launch of the Generic version of Sodium Acetate injection 2MEQ/ml by Pfizer Inc. after receiving approval from the U.S. Food and Drug Administration.
  • In June 2021, Kerry Group acquired sodium acetate preservative company Niacet from SK Capital for US$1 billion and the acquisition will expand the sodium acetate product portfolio of the company.

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1. Sodium Acetate Market - Market Overview
    1.1 Definitions and Scope
2. Sodium Acetate Market - Executive Summary
    2.1 Key Trends by Grade
    2.2 Key Trends by Packaging
    2.3 Key Trends by Application
    2.4 Key Trends by End-use Industry
    2.5 Key Trends by Geography
3. Sodium Acetate Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Sodium Acetate Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Sodium Acetate Market – Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Sodium Acetate Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Sodium Acetate Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Sodium Acetate Market – by Grade (Market Size - US$ Million/Billion)
    8.1 Technical Grade
    8.2 Industrial Grade
9. Sodium Acetate Market – by Packaging (Market Size - US$ Million/Billion)
    9.1 Packets
    9.2 Bags
    9.3 Drums
10. Sodium Acetate Market – by Application (Market Size - US$ Million/Billion)
    10.1 Concrete Sealant
    10.2 Dye Intermediate
    10.3 Disinfectant
    10.4 Buffering Agent
    10.5 Additives
    10.6 Cleaning Agent
    10.7 Others
11. Sodium Acetate Market - by End-use Industry (Market Size - US$ Million/Billion)
    11.1 Food & Beverages
        11.1.1 Dairy Items
        11.1.2 Confectionary
        11.1.3 Fruits
        11.1.4 Vegetables
    11.2 Building & Construction
        11.2.1 Residential
        11.2.2 Commercial
        11.2.3 Industrial
        11.2.4 Infrastructural
    11.3 Waste-Water Treatment Industry
        11.3.1 Household
        11.3.2 Industrial
    11.4 Textiles
        11.4.1 Woven
        11.4.2 Non-Woven
    11.5 Cosmetics & Personal Care
    11.6 Medical & Healthcare
    11.7 Others
12. Sodium Acetate Market - by Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 the USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 the UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Belgium
        12.2.8 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Sodium Acetate Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Sodium Acetate Market – Industry/Competition Segment Analysis Premium 
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Sodium Acetate Market – Key Company List by Country Premium Premium 
16. Sodium Acetate Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
* "Financials would be provided to private companies on a best-effort basis."
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