Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market

Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market is Expected to be Flourished by Growing Application in Pharmaceutical Industry

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Sodium acetate trihydrate and sodium acetate anhydrous are commonly used as a food additive and preservative. It helps extend the shelf life of packaged foods and prevents bacterial growth. It also has major application as a pH control and buffering agent in pharmaceutical formulations. Sodium acetate is used in dry powder inhalers to prevent particle agglomeration and improves aerosolization of drug particles from the inhaler. The sustained release of drugs can be achieved by incorporating sodium acetate in various oral formulations. It is also utilized as a softening and conditioning agent in paper manufacturing.

The Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Size is estimated to be valued at US$ 136.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Growing Application in Pharmaceutical Industry (as mentioned in heading)
As covered in the market heading, the increasing usage of sodium acetate trihydrate and sodium acetate anhydrous in pharmaceutical applications is expected to drive the market growth over the forecast period. It is widely applied in drug formulation to control pH and provide buffering action. Sustained drug release can be achieved by incorporating sodium acetates in oral solid dosages. This extensive utilization in the pharmaceutical industry will boost the demand for sodium acetate compounds.
Rising Food Preservation Needs

With growing food processing industry and rising demand for packaged or ready-to-eat food products with longer shelf life, the need for effective food preservatives is also increasing. Sodium acetates are commonly used preservatives that inhibit microbial growth in foods and help extend their shelf life. Thus, the increasing food preservation requirements will fuel the market expansion of sodium acetate products.

Segment Analysis

The global sodium acetate trihydrate & sodium acetate anhydrous market is dominanted by the food additive segment. Sodium acetates find wide applications in food processing as a pH control agent and preservative. The high requirements in food processing applications ensure a steady demand from this segment.

PEST Analysis

Political: There are no significant political factors affecting the market.
Economic: The growing food processing industry is driving the demand for sodium acetates. Rise in disposable incomes is increasing the consumption of processed food.
Social: Changing lifestyle and food habits are increasing the demand for convenient and packaged food products which utilize sodium acetates.
Technological: No major technological changes are observed in the production and applications of sodium acetates. Continuous research is being conducted to find new applications.

Key Takeaways

The global sodium acetate trihydrate & sodium acetate anhydrous market is expected to witness high growth over the forecast period of 2024 to 2031. The global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market is estimated to be valued at US$ 136.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031.

Regional analysis

The Asia Pacific region accounts for the largest share in the global market led by China, India and other Southeast Asian nations. This can be attributed to the huge domestic demand from food processing applications. The region is witnessing rapid industrialization and growth in food production capacity which is driving the consumption of sodium acetates.

Key players

Key players operating in the sodium acetate trihydrate & sodium acetate anhydrous market are Abb, BASF, Dow, Allan Chemical, Nantong Zhongwang Additives.

 

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.