Global Ammonium Acetate Market
Global Ammonium Acetate Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
Ammonium acetate is a white crystalline solid derived from the reaction of acetic acid and ammonia. It is a white, hygroscopic solid which is manufactured also by the saturation of glacial acetic acid with dry ammonia gas or by neutralizing acetic acid with ammonium carbonate.
Global Ammonium Acetate Market
The report covers all the trends and technologies playing a major role in the growth of the ammonium acetate market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence market growth during 2018-2026.
The growing use of natural additives instead of synthetic additives in foods & beverages and increasing use of ammonium acetate in pharmaceutical drugs are expected to drive market growth in years to come. Moreover, private research institutions and major pharmaceutical manufacturing companies are focusing on alternative ways to strengthen their product pipeline, which is likely to drive market growth in the pharmaceutical industry.
Strict regulations related to the use of ammonium acetate, because of its adverse environmental impact may deter market growth to an extent.
The report on global ammonium acetate market covers segments such as grade, application and region. Based on application, the pharmaceuticals segment is dominating the precision harvesting market and valued around US$ XX Mn in 2018. According to a statistic provided by the International Diabetes Federation, around US$ XX Mn adults suffered from diabetic problems in 2018, and the number of diabetic patients is projected to reach US$ XX Mn by 2026. The growing use of ammonium acetate in insulin and the expanding diabetic patient pool are intensifying the global demand for ammonium acetate.
The agriculture grade segment is expected to gain traction in the ammonium acetate market, because of the usage of this grade in agricultural pesticides used as a primary starting raw material, reactant and buffering agent. Pesticides are increasingly being used in the agriculture grade to reduce production losses and labor cost.
Global Ammonium Acetate Market
Region-wise, the Asia Pacific is expected to account for the largest XX% share in the ammonium acetate market, thanks to the presence of developing economies such as India, China, and South Korea. Government policies related to pharmaceutical safety and the growing drug and chemical market in China are expected to drive market growth during the forecast period. Additionally, rapid growth in the use of ammonium acetate in New Zealand and Australia, because of legalization, is expected to bolster market growth in the region further.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Ammonium Acetate Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Ammonium Acetate Market.
Scope of the Global Ammonium Acetate Market
Global Ammonium Acetate Market, By Application
• Food Additive
• Pharmaceuticals
• Electrolyte Solution
Global Ammonium Acetate Market, By Grade
• Industrial Grade
• Food Grade
• Agriculture Grade
• Medicine Grade
Global Ammonium Acetate Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Ammonium Acetate Market
• Niacet
• Jarchem
• NASi
• Industrial Chemicals
• Yangshan Biochemical
• Langfang Tianke
• Runhong Technology
• ZHONGHE Chemical
• Yafeng Chemical
• Victor Chemical
• CHUTIAN FINE CHEMICAL
• Jiatai Chemical
• HONGYANG CHEMICAL
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