The global potassium acetate market was valued at USD 289.5 million in 2022 and is projected to reach USD 482.1 million by 2032, growing at a CAGR of 5.2% over the period.
The market’s growth is largely driven by potassium acetate’s ability to break down into bicarbonates, making it effective for treating diabetic ketoacidosis. Additionally, potassium acetate solutions serve as precursors for high-purity materials, specialized catalysts, and nanoscale powders.
Potassium acetate (the potassium salt of acetic acid) is commonly used on airport runways as a deicer, effectively removing ice and preventing its reformation. Additionally, it is soluble in liquid ammonia and alcohol, but insoluble in acetone and ether.
Potassium acetate exhibits higher solubility than potassium chloride and shows promise for use in high-density brines. Its chloride-free composition makes it ideal for environmentally sensitive areas. Additionally, it offers swelling inhibition and shale hydration through electrolysis and cation exchange.
The potassium acetate market is experiencing a surge of start-up activity, with numerous companies recognizing the benefits of potassium acetate. Key players are employing innovative strategies to capitalize on this trend. The chemical formula for potassium acetate is KCH3COO, and it has been approved by the US FDA for use as a food additive, which is expected to significantly boost the market in the coming years.
However, it’s important to note that improper use of potassium acetate can lead to skin irritations, including tingling in the extremities and burning sensations, which could potentially escalate to severe symptoms.
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.
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
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