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Potassium Acetate Price Trend and Forecast
Potassium Acetate Price Trend and Forecast
Potassium Acetate Regional Price Overview
Get the latest insights on price movement and trend analysis of Potassium Acetate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Acetate Price Trend for Q1 of 2024
Throughout the majority of Q1’24, the potassium acetate market displayed relative stability following earlier fluctuations. Initial fluctuations were attributed to the variations in demand patterns in the early winter months when the cost support was weak and seasonal changes within the market itself exerted stress.
Potassium Acetate Price Chart
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These variations stemmed partly from the Chinese New Year and spring celebrations, which led to a temporary decline in industrial activity in the region. The situation was compounded by significant losses in exports to Europe and the U.S., caused by disruptions in the Red Sea route and extended shipment times.
In Europe, the market dynamics were similarly turbulent, heavily influenced by ongoing conflicts in Russia and Ukraine, which stifled trading activity and dampened demand from the downstream sectors. Reduced offshore trade suppressed the overall consumption, despite sufficient existing inventories to meet the subdued demand, leading to a generally downward pressure on prices.
In North America, the potassium acetate market experienced quick shifts, particularly noticeable in the first half of the quarter, which saw more pronounced fluctuations, while the latter half sought more stability amidst these ongoing challenges.
Analyst Insight
According to Procurement Resource, the prices are likely to remain confined going forward as well. The overall market outlook appears moderate.
Procurement Resource provides latest prices of Potassium Acetate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Potassium Acetate
Potassium acetate is a versatile chemical compound used primarily as a de-icing agent for airport runways due to its effectiveness at low temperatures. It also functions as a food preservative and flavor enhancer in the food industry. In firefighting, potassium acetate serves as the active component in some Class K fire extinguishers. Additionally, it is utilized in pharmaceuticals as an electrolyte replenisher, in textile manufacturing, and as a catalyst in chemical synthesis. It's also common in laboratories as a buffer solution.
Potassium Acetate Product Details
| Report Features | Details |
| Product Name | Potassium Acetate |
| Chemical Formula | C2H3KO2 |
| Industrial Uses | De-icing Agent, Food Additive, Fire Extinguishing Media, Pharmaceuticals, Textile Industry, Catalyst in Chemical Synthesis, Buffer Solution in Laboratory Settings |
| Molecular Weight | 98.142 g/mol |
| CAS number | 127-08-2 |
| Supplier Database | Niacet, Lancashire Chemicals, Jiangsu Zidong Food, Anhui Hongyang Chemical, Wuxi Yangshan Biochemical, Lianyungang Tongyuan Chemical, Jiangsu Kolod Food, Shanxi Zhaoyi Chemical |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Potassium Acetate Production Process
- Potassium Acetate Production by the chemical reaction between potassium carbonate with acetic acid.
The synthesis begins by chemically combining the two base chemicals, including potassium carbonate, with acetic acid. The reaction results in the generation of potassium acetate as the final product, along with carbon dioxide and water as the byproducts.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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