About Ammonium Acetate
Ammonium Acetate is a chemical compound using aqueous solution, found in the form of white crystal powder. Ammonium Acetate is formed with help of two basic components Ammonia and Acetic Acid. One of the key physical property of Ammonium Acetate is low melting point of the compound. It although has varied industrial applications, but most notable among them is the use of the compound as a food acidity regulator. Ammonium Acetate has also key applications in Pharmaceuticals, automotive and general manufacturing other than food additive applications. Although hazardous impact of ammonium acetate, asks for innovation in the product to reduce the harsh impact on the nature. Geographically, North America and Asia Pacific are expected to be prominent markets of ammonium acetate because of rapid industrialisation in the range.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Rise of processed food market because of changing life style and urbanisation has led to increasing demand for food additives, one of them being acidity regulators such as ammonium acetate. Ammonium acetate has also wide scale industrial applications such as in rubber manufacturing or metal working and others. The market of ammonium acetate has a broad potential to grow. North America remains its biggest market with Asia Pacific following. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck Group (Germany), Anhui Hongyang Chemical Co. Ltd. (China), Wuxi Yangshan Biochemical Co.,Ltd. (China), Langfang Tianke Biotechnology Co., Ltd. (China), Tianmen Chutian Fine Chemical Co., Ltd. (China), Weifang Yafeng Chemical Instrument Co., Ltd (China), Finetech Industry Limited (United Kingdom), Abcr GmbH (Germany) and Acros Organics B.V.B.A. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are eNovation Chemicals LLC (United States), Alfa Aesar (United States) and Calibre Chemicals (India).
Segmentation Overview
AMA Research has segmented the market of Global Ammonium Acetate market by , Application (Foam Rubber, Buffer solution, Metal Treatment, Rubber Processing and Others) and Region.
On the basis of geography, the market of Ammonium Acetate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Ammonium Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Pharmaceutical will boost the Ammonium Acetate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Food Additive Accounts for one of the Largest Market Share
Market Growth Drivers:
Rapid Industrialisation Specifically with Association with Metal Working and Rapid Growth of Chemical and Rubber Processing
Challenges:
Presence of Adulterated Counterfeit Products in Local Markets of Developing Countries
Restraints:
Harsh and Hazardous Impact on Environment
Opportunities:
Asia Pacific Region and Africa Offers Huge Opportunity to Grow
Market Leaders and their expansionary development strategies
In September 2022, chemicals company Calibre Chemicals acquired RheinPerChemie (RPC) from Evonik. Based in Rheinfelden, Germany, RPC manufactures ammonium and sodium persulfates. This acquisition helped company to expand its presence in market
Key Target Audience
Ammonium Acetate Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.