Strong expansion in the pharmaceutical industry is expected to drive sodium acetate trihydrate and sodium acetate anhydrous market growth. It is commonly found in electrolytes and warming pads. They're also utilised as a diuretic. The growing senior population necessitates the establishment of healthcare facilities. As a result, expansion in the pharmaceutical industry will drive the market for sodium acetate trihydrate and sodium acetate anhydrous throughout the projected period. Increasing demand for leather products is primarily driving the sodium acetate trihydrate and sodium acetate anhydrous market growth. The market for sodium acetate trihydrate and sodium acetate anhydrous is being hampered by a lack of information about the benefits of the products. This aspect will impede market expansion throughout the forecast period. The market availability of competing food preservatives limits the usage of sodium acetate trihydrate in food applications. As a result, the simple availability of competing food preservatives is expected to limit market development.
According to Coherent Market Insights, the global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market is estimated to be valued at US$ 1, 14,113.8 thousand in 2021 and is expected to exhibit a CAGR of 4.9 % over the forecast period (2021-2028).
Prominent Companies in the Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Industry :
1. Allan Chemical Corporation
Established in 1984, Allan Chemical Corporation is dedicated to providing customers with personal attention and value. The company is headquartered in New Jersey, U.S. On 15 March 2021, Environmental risk reduction business, Adler and Allan, has announced the acquisition of three companies into the group: electrical specialists AMGS Electrical, hazardous material specialist Flotech Performance Systems Limited (Flotech) and industrial sewage specialist and underground infrastructure specialist Oneline Surveys. The acquisition announcement follows the recent changes to Adler and Allan’s senior leadership team and supports its ambitious growth plans to solve more customer challenges in a broader range of sectors with a joined-up approach to its services.
2. CABB GmbH
CABB is an active manufacturer of fine chemicals and customised products. The company was founded in 2003, acquired by Permira in 2014 and headquartered in Bayern Germamy.
3. Fujian Fukang Pharmaceutical Co., Ltd.
Fujian Cosunter Pharmaceutical Co., Ltd. engages in the research and development, manufacture, and sale of pharmaceutical products in China. It offers Chinese patent medicines in the areas of liver diseases, andrology, cardiovascular, and other fields. The company was founded in 2001 and is based in Fuzhou, China. Fujian Fukang Pharmaceutical Co. Ltd. manufactures and distributes pharmaceuticals. The Company develops, produces, and markets antibiotics and other related products.
4. Nantong Zhongwang Additives Co., Ltd.
Nantong Acetic Acid Chemical manufactures and distributes chemical products. The company was founded in 1959 headquartered in Jiangsu China.
5. Karn Chem Corporation
Established in 1994 by Dr.Kaushik.N. Vyas, Karn Chem Corporation stands prominent amongst India's Photography, Electroplatting, Fine Chemicals, Spicility Chemicals, Oil Field chemicals & Leather Chemicals manufaturers. The company is well equipped with best high-tech equipment & is backed by skilled & dedicated professionals in research & development, production and administration. Karn Chem is exporting products to different countries like USA, UK, Switzerland, Nepal, Bangladesh, Germany, Spain, Portugal, Italy, South Africa, Canada, Indonesia, Sweden & Mauritius and now is in the process of expanding its business in international market.
6. Niacet Corporation
The Niacet Corporation is looking at expanding its Niagara Falls facility to improve its manufacturing capabilities for chemicals needed in semiconductors on February 2023. The company has had a presence in the city since 1924, with Niagara Falls remaining one of its two primary chemical manufacturing sites, the other in Tiel, the Netherlands. In 2021, Niacet was acquired by the Kerry Group, an Ireland-based company with more than 35 U.S. manufacturing locations.
7. NOAH Technologies Corporation
Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. Noah Holdings Limited was founded in 2005 and is headquartered in Shanghai, the People's Republic of China.
8. Shanxi Xinzhou Chemical Reagent Factory
Shanxi Tond Chemical Co., Ltd. engages in the research and development, production, and sale of civilian explosives in China. The company was founded in 2006 and is based in Xinzhou, China.
9. Spectrum Chemical Manufacturing Corporation
On February 28, 2023 Spectrum Chemical Mfg. Corp., a leading global provider of specialty, fine and cGMP chemicals, announced the expansion of its bioCERTIFIED™ product line with the addition of multiple new raw materials for use in R&D and biopharmaceuticals production. The company was founded in 1971, headquartered in New Jersey, U.S.
*Definition- Acetic acid and sodium carbonate are combined to generate sodium acetate. The granular crystalline powder sodium acetate trihydrate has an acetic odour. Some of the most important applications of sodium acetate trihydrate and sodium acetate are in medicine and pharmaceuticals, leather and textiles, plastic, water, agriculture, and food.
