Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Grows CAGR up to 4.9% during Forecast Period 2021-2028

 

Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market

Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Is Used For Electrolyte Replenishment and Total Parenteral Nutrition (TPN) Acetic acid and Sodium Carbonate are combined to produce sodium acetate. The granular crystalline powder sodium acetate trihydrate has an acetic odour. Some of the most important applications of sodium acetate trihydrate and sodium acetate are in medicine and pharmaceuticals, leather and textiles, plastic, water, agriculture, and food.

Growing demand for leather products is primarily driving the Sodium Acetate Trihydrate & Sodium Acetate Anhydrous growth. Sodium acetate trihydrate & sodium acetate anhydrous demand is being driven by rising demand for products such as handbags, footwear, bags, and other leather-based products. It is an important component of leather tanning and textile dyeing chemicals. Furthermore, an increasing number of leather manufacturing industries around the world is expected to fuel growth.

The global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market is estimated to be valued at US$ 1,14,113.8 thousand in 2021 and is expected to exhibit a CAGR of 4.9 % over the forecast period (2021-2028).

Injection, USP 40 mEq is indicated as a sodium source for addition to large volume intravenous fluids in patients with limited or no oral intake to prevent or correct hyponatremia. It is also useful as an additive in the preparation of specific intravenous fluid formulas when standard electrolyte or nutrient solutions are insufficient to meet the patient's needs. Alkalinizing agents such as sodium acetate and other bicarbonate precursors can be used to correct metabolic acidosis or to alkalinize urine.

Strong growth in the pharmaceutical industry is expected to drive sodium acetate trihydrate and sodium acetate anhydrous market growth. It is commonly found in electrolytes and warming pads. They're also used as a diuretic. The growing geriatric population necessitates the establishment of healthcare facilities. As a result, growth in the pharmaceutical industry will drive the market for sodium acetate trihydrate and sodium acetate anhydrous over the forecast period.

Growing demand for leather products is primarily driving the sodium acetate trihydrate and sodium acetate anhydrous market growth. Sodium acetate trihydrate & sodium acetate anhydrous demand is being driven by rising demand for products such as handbags, footwear, bags, and other leather-based products. It is an important component of leather tanning and textile dyeing chemicals. Furthermore, an increasing number of leather manufacturing industries around the world is expected to fuel market growth. As a result, rising demand for leather products is propelling market growth.

The global expansion of the chemical industry due to increased production of chemical products is expected to provide lucrative opportunities in the market over the forecast period. According to Cefic Facts & Figures, global chemical turnover in 2018 was €3,347 billion. From €3,266 billion in 2017 to €3,347 billion in 2018, global sales increased by 2.5%. In 2018, China led the market with €1,198 billion. As a result, robust growth in the chemical industry is expected to fuel market growth.

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