Acetate is a sulphate mineral with numerous industrial applications. It is widely used in pharmaceutical, cosmetic, petrochemical, food processing, water treatment, textile, and construction sectors, among others. One of the reasons it's so popular is because it's inexpensive to create and can aid in the removal of germs, rust, and algae from the water supply. In water, the salt dissolves and traps organic substances such as iron, calcium, sulphur, and other pollutants. It has also been discovered to be an antibacterial agent, which may lower the risk of infection in institutions where cleanliness is not as consistent as it should be. While this is beneficial to the ecosystem, some people are concerned about the long-term effects of acetate salt on the human body.
Market Dynamics:
Key players' increased investment, as well as partnerships and collaborations, are projected to fuel the expansion of the acetate salt market. For example, in June 2020, Mapi Pharma announced a collaboration with Mylan to develop and commercialise Glatiramer Acetate Depot, a proposed once-monthly injectable for the treatment of individuals with relapsing-remitting multiple sclerosis. Furthermore, Mylan committed $20 million in Mapi to support continuing work on the Phase 3 clinical investigation to bring Glatiramer Acetate Depot to market.
Furthermore, the growing use of acetate salt in various end-use sectors such as pharmaceutical (healthcare), food processing, chemicals, and construction is likely to boost the acetate salt market forward. For example, in May 2019, a research team from the University of Naples Federico II (Italy) anodized commercial grade titanium rounded tip dental implants in aqueous phosphoric acid mixed with calcium and potassium acetate.
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