Home Energy And Power Ammonium Acetate Market Demand, Share And Report to 2026

Ammonium Acetate Market

Ammonium Acetate Market Size, Share & Trends Analysis Report By Application (Food Additive, Pharmaceuticals, Electrolyte Solution), By Grade (Industrial Grade, Food Grade, Agriculture Grade, Medicine Grade) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SREP131DR
Study Period 2020-2032 CAGR 3.8%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Asia Pacific Fastest Growing Market North America
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Market Overview

The global Ammonium Acetate Market size will significantly grow at a CAGR of 3.8% by the forecast period (2016-2026).
 

Ammonium acetate is a white crystalline solid, which can be synthesized through two methods, either by neutralizing acetic acid with ammonium carbonate or by the saturation of glacial acid with dry ammonia gas. As ammonium acetate is volatile at low pressures, it is used to replace cell buffer with non-volatile salts in preparing samples for mass spectrometry. As ammonium acetate is a salt of a weak acid and a weak base, it is used with acetic acid to create buffer solution.

Market Dynamics

Increasing use of natural additives instead of synthetic additives in foods & beverages and increasing use of ammonium acetate in pharmaceutical drugs are expected to drive market growth in years to come. Moreover, private research institutions and major pharmaceutical manufacturing companies are focusing on alternative ways to strengthen their product pipeline, which is expected to drive market growth in the pharmaceutical industry.

Strict regulations related to the use of ammonium acetate, owing to its adverse environmental impact may deter market growth to an extent.

Regional Analysis

Geographically, the global ammonium acetate market has been segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Asia Pacific is expected to account for the largest share in the ammonium acetate market, owing to the presence of developing countries such as India, China, and South Korea. Government policies related to pharmaceutical safety and the growing drug and chemical market in China are expected to drive market growth during the forecast period, 2019–2026. Additionally, rapid growth in the use of ammonium acetate in New Zealand and Australia, due to legalization, is expected to bolster market growth in the region further.

North America and Europe are anticipated to grow at a steady pace during the forecast period, 2019–2026, owing to the increasing consumption of ammonium acetate as a functional food additive in the food and beverage sector. The extensive application of ammonium nitrate in crop production, owing to its readiness to mix with soil, is also expected to foster market growth in said regions.

The Latin America and Middle East & Africa (LAMEA) region is pegged to be an emerging market for ammonium acetate during the forecast period, on account of the region’s growing agriculture sector, which is expected to pave the way to regional economic integration in Latin America.

Report Scope

Report Metric Details
Segmentations
By Application
  1. Food Additive
  2. Pharmaceuticals
  3. Electrolyte Solution
By Grade
  1. Industrial Grade
  2. Food Grade
  3. Agriculture Grade
  4. Medicine Grade
Company Profiles Niacet Jarchem NACHURS ALPINE SOLUTIONS Industrial (NASi) Yangshan Biochemical Victor Chemical Chutian Fine Chemical Jiatai Chemical HONGYANG CHEMICAL Langfang Tianke Runhong Technology ZHONGHE Chemical Yafeng Chemical.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global ammonium acetate market can be segmented by application and end user.

By application, the global market can be segmented into food additives, pharmaceuticals, electrolyte solutions, and others. The pharmaceuticals segment is expected to gain significant market share during the forecast period as ammonium acetate is used in the manufacturing of insulin and penicillin and other drugs. Insulin is majorly prescribed for diabetic patients to maintain and control their blood sugar levels. Thus, increasing global diabetic patient pool and their per capita consumption of insulin are expected to drive market growth. According to a statistic provided by the International Diabetes Federation, around 425 million adults suffered from diabetic problems in 2017, and the number of diabetic patients is projected to reach 629 million by 2045. Increasing use of ammonium acetate in insulin and the expanding diabetic patient pool are intensifying the global demand for ammonium acetate.

By grade, the market can be segmented into industrial grade, food grade, agriculture grade, medicine grade, and others. By end user, the market can be segmented into industrial grade, food grade, agriculture grade, medicine grade, and others. The agriculture grade segment is projected to gain traction in the global ammonium acetate market, owing to the usage (limited to 15%) of this grade in agricultural pesticides as a primary starting raw material, reactant and buffering agent. Pesticides are increasingly being used in the agriculture sector to reduce production losses and labor cost. Global and regional players are exhibiting various strategies such as mergers, acquisitions, and partnership in order to strengthen their market presence and explore new markets. For instance, ChemChina, a global agrochemical company, acquired Syngenta Company, which also deals in agrochemical and seed.

Market Size By Application

Top Key Players

Niacet Jarchem NACHURS ALPINE SOLUTIONS Industrial (NASi) Yangshan Biochemical Victor Chemical Chutian Fine Chemical Jiatai Chemical HONGYANG CHEMICAL Langfang Tianke Runhong Technology ZHONGHE Chemical Yafeng Chemical. Others

Frequently Asked Questions (FAQs)

How big is the Ammonium Acetate Market?
The Ammonium Acetate Market size will significantly grow at a CAGR of 3.8% by Forecast Period (2016-2026).
The key players in the global Ammonium Acetate Market include Niacet, Jarchem, NACHURS ALPINE SOLUTIONS Industrial (NASi), Yangshan Biochemical, Victor Chemical, Chutian Fine Chemical, Jiatai Chemical, HONGYANG CHEMICAL Langfang Tianke, Runhong Technology, ZHONGHE Chemical.
North America region has the highest growth rate in the Ammonium Acetate Market.
The global ammonium acetate market can be segmented by application and end user.


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