The global potassium acetate market stood at USD 289.5 Million in the year 2022 and is expected to reach USD 482.1 Million by the year 2032 at a CAGR of 5.2% between 2022 and 2032.
Potassium acetate market is driven by its ability of breaking down to the bicarbonates; as an outcome of which it’s used for treating diabetic ketoacidosis. It also needs to be noted that potassium acetate solutions are precursors to high purity materials, specific catalysts, and nanoscale powders.
Potassium acetate (potassium salt of acetic acid) is preferred in airport runways as it gets applied as deicer for removing ice and preventing further formation on its part. Plus, it’s soluble in liquid ammonia and alcohol and insoluble in acetone and ether.
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Potassium acetate has a higher solubility quotient than potassium chloride. Moreover, it has a potential for usage in the high-density brines. Being free from chlorides, it proves to be ideal in environmentally-sensitive regions. Swelling inhibition and shale hydration also get provided through electrolysis and cation exchange.
Besides, the start-up ecosystem in potassium acetate market is surrounded by numerous companies due to increasing awareness regarding advantages of potassium acetate. Plus, creative strategies are being adopted by the key participants. The chemical formula is KCH3COO. The US FDA has also approved utilization of potassium acetate as food additive. This factor is likely to take the potassium acetate market by storm in the upcoming period.
At the same time, the fact that potassium acetate compound, on being used inadequately, could result in skin irritations inclusive of tingling in feet and hands and burning sensations; which could also result in near-death symptoms.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Potassium Acetate market’. It has its team of analysts and consultants to deploy a 360-degree view in primary, secondary, and tertiary modes of research.
Key Takeaways from Potassium Acetate Market
- North America holds the largest market share due to the US being subject to growing demand for anti-adhesive compounds.
- Europe holds the second-largest market share due to it being used for treating diabetes.
- The Asia-Pacific is expected to grow at a rapid pace in the potassium acetate market on the back of flourishing agricultural field.
Competitive Analysis
- Niacet provides potassium acetate in the form of white, free-flowing, non-dusty agglomerate that provides advantages of higher bulk density, higher reactivity, and enhanced wettability.
- Lancashire Chemicals provides potassium acetate to cater to the food & beverages vertical.
Key Companies Profiled
- Niacet
- Lancashire Chemicals
- Jiangsu Zidong Food
- Anhui Hongyang Chemical
- Wuxi Yangshan Biochemical
- Lianyungang Tongyuan Chemical
- Jiangsu Kolod Food
- Shanxi Zhaoyi Chemical
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Key Segments
By Class:
- Pharmaceutical Grade
- Industrial Grade
- Food Grade
- Others
By Application:
- Industrial
- Deicing
- Pharma & Food
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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