Increasing Demand from Various End-Use Industries to Augment the Acetate Salt Market Growth

Acetate is a sulfate mineral that has a wide range of industrial applications including, it is widely used in various end-use industries, such as pharmaceutical, cosmetic, petrochemical, food processing, water treatment, textile, construction, etc. One of the reasons why it's so popular is that it's cheap to produce and can help eliminate bacteria, rust, and algae from the water supply. The salt dissolves in water and traps organic compounds like iron, calcium, sulfur, and other impurities. It is also been found to be an antimicrobial agent, which could reduce the risk of infections in facilities where sanitation isn't as regular as it should be. While this is good for the environment, there are some concerns about the long-term effects of using acetate salt on the human body.

Market Dynamics:

Increasing investment, as well as partnerships and collaborations, by key players are expected to fuel the growth of the acetate salt market. For instance, in June 2020, Mapi Pharma partnered with Mylan to develop and commercialize Glatiramer Acetate Depot in the United States, a proposed once-monthly injection for the treatment of patients with relapsing-remitting multiple sclerosis. Moreover, Mylan invested US$ 20 million in Mapi in support of continued progress on Phase 3 clinical study to bring Glatiramer Acetate Depot in the market.

Moreover, increasing use of acetate salt in various end-use industries, such as pharmaceutical (healthcare), food processing, chemicals, construction, etc., is expected to propel the growth of the acetate salt market. For instance, in May 2019, a research team from the University of Naples Federico II (Italy) anodized rounded tip dental implants of commercial grade titanium in aqueous phosphoric acid modified with calcium and potassium acetate.

However, stringent regulations, volatility of raw material prices, and potential side effects of acetate salt are expected to restrain the acetate salt market growth.

Competitive Analysis:

Key players operating in the acetate salt market are Amresco, M. Loveridge Ltd., Alfa Aesar, Solvay, Avantor Performance Materials, Merck Millipore, FRP Services & Company, Niacet Corporation, Shanxi FanRongFu Chemical Factory, Nantong Zhongwang Additives Co., CABB GmbH, Allan Chemical Corporation, NOAH Technologies Corporation, Wuxi Yangshan Biochemical, Chang Shu Nan Hu Chemical Co., Karn Chem Corporation, Shepherd Chemical Company, Dow Chemicals Company, and Jost Chemicals.

Key players in the market are involved in different business strategies, such as product launch, to strengthen their product portfolio or enhance their market share. For instance, in June 2020, Dr. Reddy’s Laboratories Ltd. announced the launch of Abiraterone Acetate Tablets in the U.S. market, following approval from the U.S. Food and Drug Administration (FDA).