Market Overview:
The global potassium acetate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium acetate from various applications, such as industrial, pharma & food, deicing and others. In terms of type, the food grade segment is expected to hold a major share of the global potassium acetate market during the forecast period. This can be attributed to its growing demand from various end-use industries such as food and beverage, pharmaceuticals and personal care products.
Product Definition:
A salt of acetic acid and potassium ions. It is a colorless, odorless, crystalline solid that is soluble in water. It is used to make other chemicals and as a food additive.
Food Grade:
Food grade is used in food & beverage industry as a term for products that are intended for human consumption and can be sold directly to consumers or processed further. It includes edible oils, refined sugar, salt, spices and flavoring agents among others.
Potassium acetate is also known as lye potassium or woodsy potash.
Pharmaceutical Grade:
Pharmaceutical grade is used in the potassium acetate market as it is of high quality and purity. It has been processed and handled under controlled conditions to ensure its safety, reliability, accuracy, and potency. Pharmaceutical-grade products are manufactured using stringent quality standards to match the exact specifications of the original drug substance.
Application Insights:
The deicing segment led the market and accounted for more than 35.0% share of the global revenue in 2017. The product is widely used as a deicer owing to its high melting point, which makes it effective in clearing ice and snow from roads during winters. It is also used as an agricultural chemical to control insects, mites, aphids, caterpillars and weeds among others by killing them with high concentration of potassium acetate solution.
The industrial application includes manufacturing potassium acetate from wood vinegar or alcoholic drinks such as wine or beer among others using acetic acid as a raw material source.
Regional Analysis:
Asia Pacific was the largest market for potassium acetate in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global production owing to availability of raw materials, cheap labor, and efficient manufacturing methods. China is one of the leading producers as well as consumers of potassium acetate globally. It has been observed that about 80% to 90% products consumed in China are manufactured from Chinese sources.
China’s rapid urbanization coupled with increasing industrial output has led to increased consumption in deicing applications across various regions including North America and Europe which are anticipated to drive demand over the forecast period.
North America emerged as a significant consumer due to presence of numerous pharmaceutical companies involved in R&D activities related towards drug discovery process using potassium acetate derivatives as key reagents thus positively influencing market growth over the projected period.
Growth Factors:
- Increasing demand from the food and beverage industry as a preservative and flavor enhancer
- Growing popularity of potassium acetate as a non-toxic, environmentally friendly alternative to other preservatives
- Rising demand for potassium acetate in personal care products for its skin conditioning properties
- Increasing use of potassium acetate in pharmaceuticals and medical applications
- Growing awareness about the benefits of potassium acetate among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Acetate Market Research Report
By Type
Food Grade, Pharmaceutical Grade, Industrial Grade
By Application
Industrial, Pharma & Food, Deicing, Others
By Companies
Niacet, Clariant, Cryotech, Hawkins, Nachurs Alpine Solutions, Evonik, Daito Chemical, Lancashire Chemicals, Askhay, Baltic Enterprise, Jiangsu Kolod Food, Wuxi Yangshan Biochemical, Wuxi Unisen, Tenglong, Shanxi Zhaoyi Chemical, Shijiazhuang Haosheng, Jiangxi Shuangjia, Langfang Tianke, Xianju Fusheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Acetate Market Report Segments:
The global Potassium Acetate market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Pharma & Food, Deicing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Niacet
- Clariant
- Cryotech
- Hawkins
- Nachurs Alpine Solutions
- Evonik
- Daito Chemical
- Lancashire Chemicals
- Askhay
- Baltic Enterprise
- Jiangsu Kolod Food
- Wuxi Yangshan Biochemical
- Wuxi Unisen
- Tenglong
- Shanxi Zhaoyi Chemical
- Shijiazhuang Haosheng
- Jiangxi Shuangjia
- Langfang Tianke
- Xianju Fusheng
Highlights of The Potassium Acetate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
- By Application:
- Industrial
- Pharma & Food
- Deicing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Acetate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium acetate is a white crystalline salt with the chemical formula KAcO3. It is used as a food additive and in cosmetics.
Some of the major players in the potassium acetate market are Niacet, Clariant, Cryotech, Hawkins, Nachurs Alpine Solutions, Evonik, Daito Chemical, Lancashire Chemicals, Askhay, Baltic Enterprise, Jiangsu Kolod Food, Wuxi Yangshan Biochemical, Wuxi Unisen, Tenglong, Shanxi Zhaoyi Chemical, Shijiazhuang Haosheng, Jiangxi Shuangjia, Langfang Tianke, Xianju Fusheng.
The potassium acetate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Potassium Acetate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Potassium Acetate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Potassium Acetate Market - Supply Chain
4.5. Global Potassium Acetate Market Forecast
4.5.1. Potassium Acetate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Potassium Acetate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Potassium Acetate Market Absolute $ Opportunity
5. Global Potassium Acetate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Potassium Acetate Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Pharmaceutical Grade
5.3.3. Industrial Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Potassium Acetate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Potassium Acetate Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Pharma & Food
6.3.3. Deicing
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Potassium Acetate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Potassium Acetate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Potassium Acetate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Potassium Acetate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Potassium Acetate Demand Share Forecast, 2019-2026
9. North America Potassium Acetate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Potassium Acetate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Potassium Acetate Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Pharma & Food
9.4.3. Deicing
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Potassium Acetate Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Pharmaceutical Grade
9.7.3. Industrial Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Potassium Acetate Demand Share Forecast, 2019-2026
10. Latin America Potassium Acetate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Potassium Acetate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Potassium Acetate Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Pharma & Food
10.4.3. Deicing
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Potassium Acetate Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Pharmaceutical Grade
10.7.3. Industrial Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Potassium Acetate Demand Share Forecast, 2019-2026
11. Europe Potassium Acetate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Potassium Acetate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Potassium Acetate Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Pharma & Food
11.4.3. Deicing
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Potassium Acetate Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Pharmaceutical Grade
11.7.3. Industrial Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. MarketAttractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Potassium Acetate Demand Share, 2019-2026
12. Asia Pacific Potassium Acetate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Potassium Acetate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Potassium Acetate Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Pharma & Food
12.4.3. Deicing
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Potassium Acetate Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Pharmaceutical Grade
12.7.3. Industrial Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Potassium Acetate Demand Share, 2019-2026
13. Middle East & Africa Potassium Acetate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Potassium Acetate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Potassium Acetate Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Pharma & Food
13.4.3. Deicing
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Potassium Acetate Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Pharmaceutical Grade
13.7.3. Industrial Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Potassium Acetate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Potassium Acetate Market: Market Share Analysis
14.2. Potassium Acetate Distributors and Customers
14.3. Potassium Acetate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Niacet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Clariant
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cryotech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hawkins
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nachurs Alpine Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Evonik
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daito Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lancashire Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Askhay
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baltic Enterprise
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jiangsu Kolod Food
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wuxi Yangshan Biochemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wuxi Unisen
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tenglong
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanxi Zhaoyi Chemical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shijiazhuang Haosheng
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jiangxi Shuangjia
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Langfang Tianke
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xianju Fusheng
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
