Global Ammonium Acetate Market anticipated to
witness healthy CAGR over 2019-2025: Global Market
Insights Inc.
According to new Global Market Insights, Inc, chemical research report Ammonium
Acetate Market size is projected to grow significantly over the projected timeframe due
to growing food & beverage consumption and rising awareness towards usage of
functional additives. The product finds application in acidity regulator in food additives,
thereby propelling industry size. It is also used in pharmaceutical industry in drug
preparation and chemical medicine. The pharmaceutical industry is projected to grow
in the estimated timeline owing to change in consumer preference towards therapy,
thereby driving ammonium acetate market size.
Ammonium acetate, a metallic salt is made from gaseous ammonia and acetic acid. It
is a white crystalline solid at room temperature exhibit both weak acidic and basic
properties. The product is volatile at low pressure thereby finding application in
preparations for mass spectroscopy samples. It replaces cell buffers with non-volatile
salts and used for High Performance Liquid Chromatography (HPLC) and Evaporative
Light Scattering Detector (ELSD). Global mass spectrometry market is projected to
surpass USD 6.30 billion by 2024, thus stimulating ammonium acetate market value.
The product is used for rubber latex production as a gelling or foaming agent to trap
air bubbles within latex while it is being set. Latex rubber leads to foam rubber
production which find applications in insulation packaging and cushioning purposes.
End use applications include sports equipment, decorative costume and cushions for
couches, beds and chairs. Elastomeric foam rubber market is poised to reach USD
1.75 billion thereby driving ammonium acetate market demand.
These product also finds use as a buffering solution owing to pH value of seven. The
pH value mirrors that of water and finds extensive use in pharmaceutical, food
processing and industrial detergent application to maintain acid and basic levels. The
product acts as an acid regulator when used in food processing for dairy products and
vegetables. End use application of product includes cheese, chocolate milk and dried
canned and boiled vegetables, thus driving market size.
The product in pharmaceutical grade is used in manufacturing of insulin and penicillin.
Insulin is effective in treatments of type 1 and type 2 diabetes. Penicillin is an
antibacterial agent and used for treatment of infections. Global spending in
pharmaceutical sector poised to reach USD 1.5 trillion by 2023 would boost
ammonium acetate market growth.
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