Future Market Insights’ study indicates that during the estimated period, the sodium ferrocyanide market is expected to grow at a CAGR of 5.80%. Forecasts indicate that the market will increase in value from US$ 78.4M in 2023 to US$ 137.8M in 2033.
The sodium salt of the harmonisation chemical is sodium ferrocyanide. Another name for sodium ferrocyanide is yellow soda prussiate. The yellow crystal is impermeable to alcohol yet soluble in water. Chemical stabiliser sodium ferrocyanide is also referred to as E535 in the European Union. Road salt and food-grade salt both contain sodium ferrocyanide as an anti-caking ingredient. Powdered items with anti-caking ingredients are easier to transport, consume, and package.
The compound when combined with iron, converts into a dark blue pigment called Prussian blue. Which are used as stabilizer for coating on welding rods. In the petroleum industry, sodium ferrocyanide is used for elimination of mercaptans. Sodium ferrocyanide is produced industrially from, ferrous chloride, hydrogen cyanide, and calcium hydroxide.
Sodium ferrocyanide is complex cyanides and belong to the ferrocyanide salt and are mostly used for anti-caking. The compound is approved by WHO and is authorized in food for human consumption by the parliament and council directive on food additives other than colors and sweeteners.
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Global Sodium Ferrocyanide Market: Drivers and Restraints
The major factor enhancing the sales to world sodium ferrocyanide is the usage of the compound acceptable for food application an anticaking agent in salt, and further also its usage in a feed as they are safe for target animals and human consumption.
Further, the global market for sodium ferrocyanide is driven by the growing levels of consumer inclination towards the benefit of packaged food and also the increasing spending power of the consumers for better quality food. Sodium ferrocyanide not only helps in maintaining the free-flowing capability of packaged material, but they also enhance the texture and other organoleptic properties.
Global Sodium Ferrocyanide Market: Segmentation Overview
The global sodium ferrocyanide market is segmented into application and geography. By application, the market is sub segmented into photography, blue pigments, blueprint paper, manufacture of aniline black, metal & leather tanning industry, dyeing industry, anticaking agent, and biochemical process.
Global Sodium Ferrocyanide Market: Regional Outlook
Depending on a geographic region’s global Sodium ferrocyanide market is segmented into seven broad regions: North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan and Middle East Africa. Europe dominated the market and served the maximum demand and is anticipated to maintain its dominance during the forecast period.
Further, a vast number of consumers are inclining towards westernized eating habits. Individuals in developing countries are rapidly extending their demand. North America contributes significantly to the demand of sodium ferrocyanide owing to the busy schedule of the consumers.
Global Sodium Ferrocyanide Market: Prominent vendors
Some of the key players identified across the value chain of the global Sodium ferrocyanide market include Sichuan Chemical, Heibei Chengxin, Evonik Industries AG, Ziguang Chemical, Kao Corp., Changzhou Xudong, Kun Lun, Jinxi Meihua, Hubei Jusheng, Huber Engineered Material, Anshan Beida, Hindusthan, Ideal Chemicals, and GACL., amongst others.
Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market. To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and application.
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Regional analysis for Sodium Ferrocyanide Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Western Europe
- Germany
- France
- U.K
- Italy
- Spain
- Nordics
- Benelux
- Rest of the Western Europe
- Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of the Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- China
- India
- ASEAN
- Australia and New Zealand (ANZ)
- Rest of APEJ
- Japan
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
Global Sodium Ferrocyanide Market: Segmentation
The global sodium ferrocyanide market is segmented by application into:
- Photography
- Blue Pigments
- Blue print paper
- Metal & Leather Tanning
- Dyeing Industry
- Biochemical
- Others
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