Lead Acetate Market: Introduction
Lead acetate, also known as the lead diacetate, is a chemical compound that is a white crystalline substance with slight acetic acid odor and sweetish taste. Akin to other lead compounds, it is highly toxic. Lead acetate is soluble in water and glycerin. It is manufactured by treating lead (II) oxide with acetic acid.
Lead Acetate Market: Key Segments
Based on form, the global lead acetate market can be classified into solid and solution. Lead acetate solutions are moderate to highly concentrated liquid solutions of lead acetate. Lead acetate is excellent precursor for the production of ultrahigh purity compounds and certain catalyst and nanoscale (nanoparticles and nanopowders) materials.
In terms of application, the global lead acetate market can be segmented into hair dyes, chemical manufacturing, textiles, medical, and paints & coatings. In low concentration, lead acetate is the principal active ingredient in progressive types of hair coloring dyes. Lead acetate is also used as a mordant in textile printing and dyeing; drier in paints and varnishes; and preparing other lead compounds. It is also used as desulfurization agent in the chemical industry. Lead acetate paper is used to detect the poisonous gas H2S (hydrogen sulfide), which reacts with lead(II) acetate on the moistened test paper to form a gray/black precipitate of lead sulfide.
Rise in usage of lead acetate in the cosmetics industry is a key driver of the global lead acetate market. Lead acetate is primarily used in hair coloring products. In low concentrations, lead acetate is used as a color additive in hair dye products. The U.S. Food and Drug Administration considers this use safe, as lead does not enter the bloodstream of human beings. However, exposure to lead acetate can cause adverse effects on kidneys, ureter, or bladder. This is one of the restraints of the lead acetate market. Lead acetate is also banned by various bodies such as Health Canada and the European Union due to its possible carcinogenicity and reproductive toxicity.
Lead Acetate Market: Regional Analysis
Based on geography, the global lead acetate market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific accounts for leading share of the global lead acetate market, led by the high demand for lead acetate in chemical and cosmetics in the region. China has become one of the largest consumers of lead acetate owing to the strong presence of end-use industries in the country. India is estimated to be a promising country for lead acetate during the forecast period, due to the presence of a strong chemical industry in the country. North America is a rapidly expanding region of the global lead acetate market. New product launches, joint ventures, and expansions are key growth strategies adopted by major players operating in the market in the region. Manufacturing companies and end-product manufacturers in North America invest significantly in advancements and modifications in technologies to meet the rising demand for lead acetate in end-user industries in the region. North America is followed by Europe.
Lead Acetate Market: Key Players
Key players operating in the global lead acetate market include L.S.Chemicals & Pharmaceuticals, Chloral Chemicals (I) Pvt. Ltd., Ava Chemicals Private Limited, and Cameo Chemicals.