Ammonium Acetate Market
Ammonium Acetate Market Forecasts to 2030 - Global Analysis By Grade (Medical Grade, Industrial Grade, Food Grade, Agricultural Grade and Other Grades), Application, End User, and By Geography
According to Stratistics MRC, the Global Ammonium Acetate Market is accounted for $9.7 billion in 2023 and is expected to reach $15.0 billion by 2030 growing at a CAGR of 6.3% during the forecast period. Ammonium acetate, a chemical compound with the formula NH4C2H3O2, is the ammonium salt of acetic acid. It appears as a white crystalline solid, soluble in water, with a faint vinegar-like odor. Widely used in analytical chemistry, it serves as a source of acetate ions in various reactions. Its buffering capacity at acidic pH makes it valuable in biochemical and molecular biology applications, particularly in protein precipitation and purification processes.
According to the National Center for Biotechnology Information, in 2023, projected prescription drug spending is set to increase by 6.0% to 8.0%.
Market Dynamics:
Driver:
Expanding chemical industry
In organic synthesis, ammonium acetate serves as a valuable reagent for a wide range of reactions. They find widespread applications across various segments of the chemical industry, including organic synthesis, polymer manufacturing, and as a buffering agent in biochemical processes. Its use in these processes facilitates the production of numerous intermediates and fine chemicals, which are integral to the manufacturing of pharmaceuticals, agrochemicals, and specialty chemicals, thereby driving market growth.
Restraint:
High cost
The cost of the raw materials used in the production of ammonium acetate has a significant impact on its overall cost. These fluctuations can lead to unpredictable and high raw material costs for manufacturers. Moreover, compliance with environmental and safety regulations further adds to the expenses. High transportation costs are a significant factor restraining the ammonium acetate market.
Opportunity:
Technological advancements
Improved manufacturing techniques enable more efficient and cost-effective production of ammonium acetate, contributing to increased supply and market accessibility. Advancements such as improved catalysts, novel reactor designs, and process intensification techniques lead to higher yields and reduced energy consumption. Furthermore, technological developments in downstream processing, such as formulation and packaging, have enabled manufacturers to meet the specific requirements that are driving this market.
Threat:
Intense competition
The presence of numerous manufacturers and suppliers in the market has led to increased competition. As a result, profit margins have been squeezed, making it challenging for individual players to maintain profitability and invest in research and development. Furthermore, globalization and the ease of international trade have expanded the reach of ammonium acetate manufacturers, making the market more competitive.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the ammonium acetate market, disrupting both supply chains and demand dynamics. The imposition of lockdowns and restrictions on movement led to disruptions in manufacturing operations and logistical challenges, affecting production and distribution. Moreover, disruptions in international trade and fluctuations in currency exchange rates added to the complexities. This resulted in delays in delivery and increased lead times, causing uncertainty in the market.
The medical grade segment is expected to be the largest during the forecast period
The medical grade segment is estimated to hold the largest share due to its significance primarily in analytical chemistry and pharmaceutical applications. Its buffering properties make it valuable in maintaining optimal pH conditions and ensuring the stability and functionality of biomolecules during experimentation and analysis. Furthermore, quality control measures are implemented to guarantee consistency and reliability in performance, meeting the exacting demands of medical and research laboratories, which is driving this segment’s expansion.
The foam rubber segment is expected to have the highest CAGR during the forecast period
The foam rubber segment is anticipated to have highest CAGR during the forecast period due to its extensive applications across various industries, including automotive, construction, furniture, and packaging. Foam rubber is widely employed in furniture manufacturing for cushioning and padding purposes. Additionally, manufacturers in this segment focus on optimizing production processes to ensure cost-effectiveness and product quality while adhering to safety and environmental regulations, which are boosting this segment’s growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to its rapidly growing industrialization, increasing population, and expanding pharmaceutical and chemical sectors. Countries such as China, India, Japan, and South Korea are key contributors to the demand for ammonium acetate in the region. Additionally, factors such as rising healthcare expenditures and increasing demand for medications fuel the demand for ammonium acetate in this region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period. European regulations prioritize eco-friendly and sustainable practices, leading to the development of green technologies and processes in the production and utilization of ammonium acetate. Some of the key players, such as Eastman Chemical Company, Merck KGaA, and Niacet Corporation, aimed at creating more environmentally friendly alternatives and improving production efficiency. Moreover, technological advancements in manufacturing processes contribute to the growth of the European ammonium acetate market.
Key players in the market
Some of the key players in the Ammonium Acetate Market include Niacet Corporation, Thermo Fisher Scientific, Eastman Chemical Company, Wuxi Yangshan Biochemical Co., Ltd., Allan Chemical Corporation, Merck KGaA, Nantong Zhongwang Chemical Co., Ltd., Kanha Life Science LLP, Chutian Fine Chemical and Foxkem Industries.
Key Developments:
In February 2024, Thermo Fisher Scientific Inc., launched the Thermo Scientific™ Dionex™ Inuvion™ Ion Chromatography (IC) system, helping to make ion analysis simpler and more intuitive for labs of all sizes.
In January 2024, Merck announced a licensing agreement with Inspirna, Inc for ompenaclid, a first-in-class oral inhibitor of the creatine transport channel SLC6A8, and SLC6A8-targeting follow-on compounds.
Grades Covered:
• Medical Grade
• Industrial Grade
• Food Grade
• Agricultural Grade
• Other Grades
Applications Covered:
• Drugs
• Pesticides
• Cleaning Products
• Food Additive
• Foam Rubber
• Shampoos
• Other Applications
End Users Covered:
• Industrial
• Pharmaceuticals
• Agriculture
• Food & Beverages
• Electrolyte Solution
• Cosmetics & Personal Care
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ammonium Acetate Market, By Grade
5.1 Introduction
5.2 Medical Grade
5.3 Industrial Grade
5.4 Food Grade
5.5 Agricultural Grade
5.6 Other Grades
6 Global Ammonium Acetate Market, By Application
6.1 Introduction
6.2 Drugs
6.3 Pesticides
6.4 Cleaning Products
6.5 Food Additive
6.6 Foam Rubber
6.7 Shampoos
6.8 Other Applications
7 Global Ammonium Acetate Market, By End User
7.1 Introduction
7.2 Industrial
7.3 Medical & Pharmaceutical
7.3.1 Patent Drug
7.3.2 Chemical Medication
7.3.3 Other Medical & Pharmaceuticals
7.4 Agriculture
7.5 Food & Beverages
7.5.1 Bakery
7.5.2 Dairy
7.5.3 Meat
7.5.4 Other Food & Beverages
7.6 Electrolyte Solution
7.7 Cosmetics & Personal Care
7.7.1 Hair Care
7.7.2 Body Care
7.7.3 Skin Care
7.7.4 Other Cosmetics & Personal Care
7.8 Other End Users
8 Global Ammonium Acetate Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Niacet Corporation
10.2 Thermo Fisher Scientific
10.3 Eastman Chemical Company
10.4 Wuxi Yangshan Biochemical Co., Ltd.
10.5 Allan Chemical Corporation
10.6 Merck KGaA
10.7 Nantong Zhongwang Chemical Co., Ltd.
10.8 Kanha Life Science LLP
10.9 Chutian Fine Chemical
10.10 Foxkem Industries
List of Tables
1 Global Ammonium Acetate Market Outlook, By Region (2021-2030) ($MN)
2 Global Ammonium Acetate Market Outlook, By Grade (2021-2030) ($MN)
3 Global Ammonium Acetate Market Outlook, By Medical Grade (2021-2030) ($MN)
4 Global Ammonium Acetate Market Outlook, By Industrial Grade (2021-2030) ($MN)
5 Global Ammonium Acetate Market Outlook, By Food Grade (2021-2030) ($MN)
6 Global Ammonium Acetate Market Outlook, By Agricultural Grade (2021-2030) ($MN)
7 Global Ammonium Acetate Market Outlook, By Other Grades (2021-2030) ($MN)
8 Global Ammonium Acetate Market Outlook, By Application (2021-2030) ($MN)
9 Global Ammonium Acetate Market Outlook, By Drugs (2021-2030) ($MN)
10 Global Ammonium Acetate Market Outlook, By Pesticides (2021-2030) ($MN)
11 Global Ammonium Acetate Market Outlook, By Cleaning Products (2021-2030) ($MN)
12 Global Ammonium Acetate Market Outlook, By Food Additive (2021-2030) ($MN)
13 Global Ammonium Acetate Market Outlook, By Foam Rubber (2021-2030) ($MN)
14 Global Ammonium Acetate Market Outlook, By Shampoos (2021-2030) ($MN)
15 Global Ammonium Acetate Market Outlook, By Other Applications (2021-2030) ($MN)
16 Global Ammonium Acetate Market Outlook, By End User (2021-2030) ($MN)
17 Global Ammonium Acetate Market Outlook, By Industrial (2021-2030) ($MN)
18 Global Ammonium Acetate Market Outlook, By Medical & Pharmaceutical (2021-2030) ($MN)
19 Global Ammonium Acetate Market Outlook, By Patent Drug (2021-2030) ($MN)
20 Global Ammonium Acetate Market Outlook, By Chemical Medication (2021-2030) ($MN)
21 Global Ammonium Acetate Market Outlook, By Other Medical & Pharmaceuticals (2021-2030) ($MN)
22 Global Ammonium Acetate Market Outlook, By Agriculture (2021-2030) ($MN)
23 Global Ammonium Acetate Market Outlook, By Food & Beverages (2021-2030) ($MN)
24 Global Ammonium Acetate Market Outlook, By Bakery (2021-2030) ($MN)
25 Global Ammonium Acetate Market Outlook, By Dairy (2021-2030) ($MN)
26 Global Ammonium Acetate Market Outlook, By Meat (2021-2030) ($MN)
27 Global Ammonium Acetate Market Outlook, By Other Food & Beverages (2021-2030) ($MN)
28 Global Ammonium Acetate Market Outlook, By Electrolyte Solution (2021-2030) ($MN)
29 Global Ammonium Acetate Market Outlook, By Cosmetics & Personal Care (2021-2030) ($MN)
30 Global Ammonium Acetate Market Outlook, By Hair Care (2021-2030) ($MN)
31 Global Ammonium Acetate Market Outlook, By Body Care (2021-2030) ($MN)
32 Global Ammonium Acetate Market Outlook, By Skin Care (2021-2030) ($MN)
33 Global Ammonium Acetate Market Outlook, By Other Cosmetics & Personal Care (2021-2030) ($MN)
34 Global Ammonium Acetate Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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