Sodium Acetate Market
Sodium Acetate Market
The market for Sodium Acetate was estimated at $435.20 million in 2024; it is anticipated to increase to $635 million by 2030, with projections indicating growth to around $870 million by 2035.
Datatree
Global Sodium Acetate Market Outlook
Revenue, 2024 (US$M)
$435M
Forecast, 2034 (US$M)
$816M
CAGR, 2024 - 2034
6.5%
Market Size Forecast & Key Insights
- The Sodium Acetate market is projected to grow from $435.2 million in 2024 to $816 million in 2034. This represents a CAGR of 6.5%, reflecting rising demand across Food Industry, Leather Tanning and Medical.
- U.S. and China are the top markets within the Sodium Acetate market and are expected to observe the growth CAGR of 4.2% to 6.2% between 2024 and 2030.
- Emerging markets including Vietnam, Turkey and South Africa are expected to observe highest growth with CAGR ranging between 7.5% to 9.0%.
- The Sodium Acetate market is set to add $382 million between 2024 and 2034, with manufacturer targeting Chemical Industry & Pharmaceutical Industry End-Use Industries projected to gain a larger market share.
- With Increasing demand in food industry, and Rising use in leather tanning, Sodium Acetate market to expand 88% between 2024 and 2034.
Opportunities in the Sodium Acetate
The increasing need, for canned foods is driven by the busy lifestyles of consumers and there is potential to further leverage the benefits of Sodium Acetate in prolonging the shelf life of various food products.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand in Food Industry, and Growing Pharmaceuticals Market
Restraint: High Production Costs
Opportunity: Growing Use in De-icing Solutions and Green Applications in Textile Industries
Challenge: Regulatory Compliance
Supply Chain Landscape
Raw Material Procurement
Global Drilling Fluids and Chemicals
Auro Chemical Industries
Primary Production
Niacet Corporation
CABB GmbH
Secondary Production
Dow Chemical Company
Eastman Chemical Company
Final Product Manufacturing
Sisco Research Laboratory Pvt. Ltd
Avantor Performance Materials
Raw Material Procurement
Global Drilling Fluids and Chemicals
Auro Chemical Industries
Primary Production
Niacet Corporation
CABB GmbH
Secondary Production
Dow Chemical Company
Eastman Chemical Company
Final Product Manufacturing
Sisco Research Laboratory Pvt. Ltd
Avantor Performance Materials