LONDON--(BUSINESS WIRE)--Technavio projects the global sodium acetate market to post a CAGR of over 7% during the forecast period. Growing demand for sodium acetate from APAC is a key driver, which is expected to positively impact market growth during the period 2018-2022.
The sodium acetate market is witnessing high demand from APAC due to demand from end-user industries such as leather and textiles, pharmaceuticals, and food processing. The rapid industrialization in this region is propelling the demand for sodium acetate across countries such as China, India, Indonesia, and Japan. Factors such as favorable export-import policies, increasing FDI, and fewer regulations offer a conducive market for manufacturing in the region.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the growing prominence in medical and pharmaceutical sectors as one of the key emerging trends to drive the global sodium acetate market:
Growing prominence in medical and pharmaceutical sectors
Sodium acetate is gaining popularity in molecular biology applications. It is used for the purification and precipitation of nucleic acids, protein crystallization, high-performance liquid chromatography (HPLC), and staining of gels in protein gel electrophoresis. It is also commonly added to DNA reactions to facilitate ethanol precipitation of the DNA.
According to a senior analyst at Technavio for specialty chemicals research, “The use of sodium acetate has replaced sodium bicarbonate as a buffer in the correction of severe acidemia associated with metabolic acidosis. The increasing R&D on the potential applications of sodium acetate in pharmaceuticals is expected to have a positive impact on the growth of the market during the forecast period.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global sodium acetate market by product (SAT and SAA), by end-user (leather and textile, medical and pharmaceutical, food, and others), and key regions (the Americas, APAC, and EMEA).
The leather and textile end-user segment accounted for more than 36% of the market in 2017, followed by the medical and pharmaceutical segment. The medical and pharmaceutical segment is the only segment which is expected to witness an increase in its market share over the forecast period.
In 2017, the global sodium acetate market was led by APAC which accounted for over 57% share followed by the Americas and EMEA respectively. APAC is expected to witness an increase in its market share over the forecast period, while the Americas and EMEA will see a corresponding decline in their market shares by 2022.
Save big with Technavio this May!
beverages reports for the entire month.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.