A new decadal study presented by top research firm Future Market Insights studies the demand patterns, trends, and growth scenario of the global sodium metabisulphite market demand during the period 2022 to 2028. Market projections reveal revenue from the sales of sodium metabisulphite to reach a value of US$ 266.5 Million by 2028, up from an estimated US$ 159.1 Million by 2022 end. This is reflective of a CAGR of 5.3% during the aforesaid timeline.
The report focuses on the key applications of sodium metabisulphite across different end-use industries and throws light on the various factors impacting growth in sales of sodium metabisulphite during the period of study. Food & Beverages Industry to Project Sustained Demand for Sodium Metabisulphite; Mining to Emerge Lucrative End-use Sector in the Coming Years
Sodium metabisulphite is predominantly used in the food and beverages industry as a preservative in dried food products and to enhance the shelf life of fruit juices. However, Future Market Insights predicts demand for industrial grade sodium metabisulphite from the mining and water treatment sectors to surge in the near future. In the mining industry, sodium metabisulphite finds application as a reducing agent to remove cyanide. Sodium metabisulphite is also used in water treatment as an anti-chlor agent to remove chlorine and heavy metals from water prior to releasing it into natural sources.
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The textile industry utilises sodium metabisulphite as a bleach to brighten fabric and remove stains and it is also used in the paper and pulp industry as a bleaching agent. These wide applications of sodium metabisulphite have boosted demand across industries, upping revenue in the global market for sodium metabisulphite as a result.
Revenue from the Sales of Sodium Metabisulphite to Receive a Fillip Owing to Burgeoning Demand Across Industries
An increasing demand from the food and beverages industry is a key revenue growth driver for the global sodium metabisulphite market. Besides application as a preservative and to improve product shelf life, sodium metabisulphite is used as a dough softener in bakery products. Sodium metabisulphite finds application in the mining industry for cyanide detoxification in gold mining and also as a source of sulphur dioxide for the destruction of cyanide in the process of commercial gold cyanidation.
Over the years, several stringent laws have been imposed on gold extraction plants to completely eliminate cyanide and metal cyanide complexes before final discharge into the environment. This has increased the adoption of sodium metabisulphite in the mining industry.
As an anti-chlor agent, sodium metabisulphite removes chlorine from water and is extensively used in municipal and industrial water treatment facilities. With declining availability of fresh sources of water, rising levels of water pollution, and climatic changes, governments and global environment protection associations have implemented stringent regulations to conserve existing water resources and reduce water pollution. This has led to an increase in demand for sodium metabisulphite used in the chemical processing of water.
Manufacturers of Sodium Metabisulphite to Expand Production Capacity to Meet Rising Demand from End-use Industries
Rapidly growing demand from the mining and water treatment industries has pushed manufacturers of sodium metabisulphite to increase their production capacity to meet product requirements from multiple industries. A key trend being observed in the global sodium metabisulphite market is the increase in dependence on imports from China.
China is the leading producer and consumer of sodium metabisulphite given the easy availability of raw material in the country and presence of a large number of local manufacturers of sodium metabisulphite. Companies functional in the global sodium metabisulphite market find it convenient to import sodium metabisulphite at reduced prices from Chinese manufacturers. This is further expected to boost revenue growth in the global sodium metabisulphite market in the near future.
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Key Companies Profiled
- Ak Kim Kimya Sanayi Ve Ticaret Anonim Sirketi
- Aditya Birla Chemicals
- BASF SE
- Qingdao Tianya Chemical Co., Ltd
- Yuanye Chemical Co., Ltd
- Ineos Calabrian Corporation
- Esseco Group S.r.l.
- Grillo-Werke Aktiengesellschaft
- Shandong Kailong Chemical Technology Development Co., Ltd.
- Shanghai Jiading Malu Chemical Co., Ltd.
- Meizhou Union Chemical Co., Ltd.
- Tangshan Sanjiang Chemical Co., Ltd.
- ?i?ecam Group
- Ultramarines India ( P ) Ltd.
Sodium Metabisulphite Industry by Category
By Grade:
- Food Grade
- Industrial/Technical Grade
By Application:
- Preservative
- Floating Agent
- Bleaching Agent
- Anticlor Agent
- Chemical synthesis
- OthersChemical Intermediates
- Sealents
By End Use Industry:
- Food and Beverage Industry
- Photography and Film
- Water Treatment
- Mining
- Textile
- Paper and Pulp
- Chemical
- Others
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- SEA and Pacific
- China
- Japan
- Middle East & Africa
Related Links:
https://ai.ceo/read-blog/152388
https://limex.com/profile/378282217/7134728/full/
https://www.gamesfree.ca/read-blog/40944
https://medium.com/@futurechem/crotonaldehyde-industry-size-share-demand-growth-by-2033-e162c7805a88
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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