Potassium Acetate Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027


#13844

Future Market Insights

$ 5000

Potassium acetate is originally found in nature in crystalline form. It has higher solubility in water and ethanol and therefore is also used as aqueous solution in several applications. Use of potassium acetate in food and beverages industry is approved by the Food and Drug Administration (FDA) as food additives. However, higher concentration of potassium acetate in food items could lead to serious consequences. Therefore, manufacturers need to be extra conscious toward amount of potassium acetate used in the food industry.

Potassium acetate has antibiotic properties and therefore is used to prepare several food items. It helps in improving shelf life of food items and in improving their acidity profile. Due to this, the demand for potassium acetate is high in the food industry. Some of the prominent factors expected to fuel the growth of the global potassium acetate market are mentioned below. Have a look –

  • Higher availability of the potassium acetate as compared to other substitutes makes them easily accessible product and cheaper than other acidic enhancer available in the market. This is prominent factor behind the high adoption of the potassium acetate.
  • Further, ability of potassium acetate to form denser brines than those of potassium chloride is another factor propelling the growth of the global potassium acetate market. Unlike potassium chloride, the use of potassium acetate is subject to less severe environmental regulation. Therefore, most of the players prefer this over potassium chloride.
  • Lastly, a booming demand for packaged drinks and packed food items is also considered as a major growth contributor to the potassium acetate market. It is a vital component used in manufacturing of packed food as it prevents microbial contamination inside the food items.

Potassium acetate also denoted as KCH3COO is the potassium salt of acetic acid. Potassium acetate is white deliquescent crystalline powder. The compound is soluble in alcohol, liquid, and ammonia. The industrial production of potassium acetate includes treatment of bicarbonate and potassium carbonate with glacial acetic acid followed by heating the compound at an ambient temperature and 100C.

It is an acetate salt form of potassium and an essential micromineral. Potassium maintains intracellular tonicity, which is required for nerve conduction, smooth muscle, and skeletal contraction, production of energy, maintaining the blood pressure and normal renal function. The compound has potential antihypertensive effects and prevents hypokalemia when consumed as the nutritional supplement. Potassium acetate has various end uses, one of them being industry usages such as agricultural chemicals, anti-adhesive agents, working fluids, intermediates, and processing aids. Under consumer usage, the compound is used for farm products, anti-freeze and de-icing products, and construction/building materials not covered elsewhere.

Global Potassium Acetate Market: Drivers and Restraints

The major factor driving the global potassium acetate market is that the compound is being used as an alternative to potassium chloride owing to the environmental restrictions on the application of potassium chloride. Potassium acetates functionality properties are identical to the later. Potassium acetate is more time soluble than potassium chloride and has a high potential usage in the high-density brines. Few other factor includes it provides a chloride free fluid; it is ideal for use in environmentally sensitive areas, and also provides shale hydration and swelling inhibition through cation exchange and electrolytic balance.

However, the significant restraint in the global potassium acetate market is the side effects of the compound when not used in an appropriate composition. Few of the common symptoms of the potassium intoxication are burning sensation and tingling in the hands and feet’s, amongst others.

Global Potassium Acetate Market: Segmentation

By product type the global potassium acetate market is segmented into:

  • Pharmaceutical grade

  • Food grade

  • Technical grade

By application the global potassium acetate market is segmented into:

  • Food & Beverages

  • Chemical & Material

  • Pharmaceutical

Global Potassium Acetate Market: Segmentation Overview

The global potassium acetate market is mainly segmented into two major segments namely by product types and by an application. By application the global potassium market is further sub-segmented into food & beverage, chemical & material, and pharmaceutical.  In food & beverage division, potassium acetate is used as a food additive, acidity regulator, and preservative. The compound is approved for usage in U.S., New Zealand, and Australia.

Further, potassium acetate is majorly used in medicinal and biochemistry as a part of auxiliary procedures in the treatment of diabetic ketoacidosis due to its capability to break into bicarbonate and further help in neutralizing acidotic state.

Global Potassium Acetate Market: Regional Outlook

The potassium acetate market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan.  Europe, North America, and Asia Pacific are the major regions in the global potassium acetate market. Within these regions, the major countries contributing to the global value are U.S., Germany, China, and Japan.

Global Potassium Acetate Market: Prominent vendors   

Few of the prominent players in the global potassium acetate market are Niacet, Lancashire Chemicals, Jiangsu Zidong Food, Anhui Hongyang Chemical, Wuxi Yangshan Biochemical, Jiangsu Kolod Food, Lianyungang Tongyuan Chemical, and Shanxi Zhaoyi Chemical. Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market.

To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products. Most of the major potassium acetate manufacturers concentrate on capitalizing their funds to maintain applications and technical marketing groups are appointed to serve the ever-changing needs of clients.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.