ACETATE SALT MARKET ANALYSIS

Regional Analysis

Regional Analysis

The market has been geographically segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In terms of consumption in 2016, North America dominated the market, followed by Asia Pacific, and Europe, respectively. Highly advanced pharmaceuticals industry and widespread presence of superior quality of water treatment solutions in North America makes it the largest acetate salt market. Furthermore, high consumption of frozen and canned food in the region is a major factor driving growth of the acetate salt market in North America.

However, Asia-Pacific, currently the second largest market, is expected to witness maximum growth rate during the forecast period (2016-2024). Owing to factors such as rapid industrialization & urbanization, growing population, dynamic economic development and improved standard of living, Asia-Pacific is currently witnessing significant rise in all major end-user segment of acetate salt market such as pharmaceuticals, food processing, and water treatment industries, laboratories textile industries, dyes industries and rubber industries, among others.