The product finds application in form of deicing agent and possess characteristics to
operate at very low temperatures. It is preferred to be used in deicing road, bridges,
and airports owing to its biodegradable nature and high sublimity which leads to lesser
cleaning and clearing operations. Stringent environmental norms implemented by
governments is likely to promote eco-friendly biodegradable ammonium acetate
market size in the estimated timeline.
North America led by Mexico, Canada and the U.S. ammonium acetate market
revenue is likely to experience growth in the projected timeframe owing to growth of
small, medium and large-scale manufacturers in the region. Rising awareness
regarding advantages of food additives would propel regional product demand. North
American food additive market is poised to surpass USD 27.5 billion by 2024 which
would positively influence the market size in the region.
Asia Pacific led by Australia, India and China ammonium acetate market would
experience significant growth in forecasted timeframe. Constructive policies by
Chinese government favoring pharmaceutical industry is likely to drive regional
product demand. Asia Pacific pharmaceutical market is poised to surpass USD 275
billion by 2021 leading to growth of market.
Global ammonium acetate market share is consolidated as market consist of limited
players. Chutian Fine Chemical, NASi, Niacet, Yafeng Chemical, Yangshan
Biochemical, Langfang Tianke, Industrial Chemicals, Jarchem, Runhong Technology,
Hongyang Chemical, Zhonghe Chemical, Victor Chemical and Jiatai Chemical, are
key players in the market.
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