Calcium Acetate Market to Undertake Strapping Growth During 2024
Calcium
acetate is an organic salt of calcium and acetic acid. It is also
known as lime acetate, brown acetate, or vinegar salt. Calcium
acetate is a white, odorless, hygroscopic (in anhydrous form)
crystalline solid that is soluble in water and insoluble in solvents
such as ethanol, acetone, and benzene. Calcium acetate is commonly
available in hydrate forms. The anhydrous form tends to crystallize
in the presence of moist air. Calcium acetate is supplied in
industrial grade and pharmaceutical grade formulations in the market.
It has low to zero toxicity; however, prolonged exposure to skin and
eyes or inhalation of dust may cause irritation. Calcium acetate
releases highly flammable acetone gas when burned.
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Calcium
acetate is primarily used as phosphate binder for the treatment of
hyperphosphatemia (a condition where in a subject’s phosphate level
in blood rise higher than the normal level) in the pharmaceutical
industry. Calcium acetate is also used as an ingredient in
anti-epileptic drugs and as laboratory reagent in the pharmaceutical
industry. Furthermore, it is employed in the manufacture of
lubricants, printing inks, resins, soaps, carbon black, among others,
in the chemical industry. Calcium acetate is used in wastewater
treatment plants in industrial and municipal facilities. It is also
employed as a concrete accelerator in the building &construction
industry. Calcium acetate is also used as a blowing agent by PVC
foam manufacturers.
The
calcium acetate market is primarily driven by high demand in
pharmaceutical and water treatment applications. However, easy
availability of substitutes for similar applications in the chemical
industry might hamper market growth. Expanding industrial economies
in Asia Pacific, Latin America, and Africa are expected to offer
opportunities for growth of the calcium acetate market, especially in
construction and consumer goods industries.
In
terms of geography, Asia Pacific is the largest producer and consumer
of calcium acetate. Industrial economies in the region such as China,
India, Japan, Thailand, Taiwan, Indonesia, and South Korea are the
major consumers of calcium acetate. Calcium acetate is primarily
employed in wastewater treatment, pharmaceuticals, consumer goods,
and chemical industries in these countries. China and India, two of
the most populated countries in the world, are situated in Asia.
These nations are rapidly growing into industrial hubs. Purchasing
power parity and per capita disposable income is rising in these
countries. This has booted the market for end-use products of calcium
acetate such as detergents, soaps, and pharmaceuticals. North America
is another major consumer of calcium acetate, especially in detergent
and wastewater treatment applications. Brazil, Argentina, Chile, and
Venezuela account for major demand for calcium acetate in Latin
America, especially in the manufacturing of lubricants in the
chemical industry. South Africa and countries in GCC are anticipated
to drive demand for calcium acetate in Middle East and Africa.
Western Europe is a mature market and relatively slower in terms of
growth. Eastern Europe is projected to be the emerging demand driver
for the calcium acetate market in Europe in the next few years. Low
scope of capacity expansion exists in developed regions of North
America and Western Europe due to overcapacities, high land and labor
costs, and stringent regulations. China, India, and countries in
Eastern Europe offer the best prospects for capacity expansion to
serve the local demand.
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The
calcium acetate market is consolidated with major players exploiting
economies of scales at the global level. Players operating in the
calcium acetate market include Alfa Aesar (Johnson Matthey Group),
Merck Millipore, Avantor Performance Materials, Solvay, Amresco LLC,
and J.M. Loveridge Ltd.
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