Global Sodium Metabisulfite Market size was valued at US$ 350 Mn in 2019 and the total revenue is expected to grow at 6.4 % through 2020 to 2026, reaching nearly US$ 545 Mn.
The global Sodium Metabisulfite market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Sodium Metabisulfite report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Sodium Metabisulfite Market Overview:
Global sodium metabisulfite market expected to grow at a rapid pace during the forecast period thanks to rising product applications in various sectors including food & beverage, textile industry, leather industry, pulp & paper, water treatment, and chemical & pharma.
Global Sodium Metabisulfite Market Dynamics:
The rising food & beverage industry mainly in emerged countries including the U.S. coupled with increasing demand for food packaging to preserve food quality is expected to drive the global sodium metabisulfite market size during the forecast period. Sodium metabisulfite is an inorganic compound involved oxygen, sodium, and sulfur as well as it is soluble in water and glycerin which makes it an ideal compound for applications in various end-use industries.
Because of its antimicrobial properties, sodium metabisulfite is extensively used as an antioxidant, disinfectant, color fixative, preservative, reducing agent, leavening agent, and bleaching agent as well as is used in alcoholic beverages like wine, cocktail mixes, wine coolers, etc., pastries including cookies, quiche crust, pizza crust, crackers, mixed with dried fruits and juices, etc. These extensive product applications drive the sodium metabisulfite market demand and are expected to boost during the forecast period.
Sodium metabisulfite is widely used in the food industry, but it is observed that while the product is exposed to human in pure form is hazardous thus leading to serious health issues like irritation in the respiratory tracts, dysfunctional gastrointestinal system, etc. Furthermore, toxic pollutants like hydrogen sulphide gas that are emitted during downstream operations in the pulp & paper industry are expected to restrain the sodium metabisulfite market growth during the forecast period.
Global Sodium Metabisulfite Market Segment Analysis:
By Grade, the sodium metabisulfite market is segmented into food grade, industrial/technical grade, and photo grade. The industrial-grade segment accounted for the largest market share of more than 90% in 2019 thanks to their wide applications in the pulp & paper industry, pharma industry as well as in textile industry. Rising demand from Asian countries is expected to grow the textile industry in the region. Also, the product used in the mining industry is a floating agent and cyanide detoxification.
By Application, the market is segmented into food additive, bleaching agent, dyeing agent and disinfectant, water treatment, antichlor, reducing agent, laboratory agent, and others.
By End-User, the market is segmented into food & beverages, water treatment, chemical & pharma, textile industry, leather industry, pulp & paper, and photographic & film. The water treatment segment held the largest market share of around 20% in 2019. Government laws about the protection of drinking water sources from contamination sources are the major factor driving the market demand in the segment.
Global Sodium Metabisulfite Market
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The pulp & paper end-user segment led the market and accounted for the highest market share and expected to register a significant CAGR of over 5% during the forecast period. The product is highly utilized in the segment for stain removal. Increasing the requirement for hygiene products like tissue papers, paper cups, and packaging is boosting the need for paper pulp thus driving the product demand.
Global Sodium Metabisulfite Market 1
Global Sodium Metabisulfite Market Regional Insights:
The Asia Pacific & North America are expected to dominate the Sodium Metabisulfite Market
Asia Pacific market is expected to witness significant growth in terms of value during the forecast period. The rising food industry along with the growing population has propelled the growth of the sodium metabisulfite market in the region and is expected to grow during the forecast period. As per the U.S. Department of Agriculture Economic Research Service, the U.S. food and beverage manufacturing industry employed more than 1.5 million people in 2019. Over 34,000 food and beverage manufacturing industries are present in the region. As per the IBEF India, the Indian Personal care products market is expected to reach a total revenue of US$ 20 billion during the forecast period.
Europe sodium metabisulfite market led by Italy, UK, Germany, and France and expected to register significant CAGR of around 5% during the forecast period thanks to increasing leather industrial growth in leather manufacturing as well as exports different types of leather.
Global Sodium Metabisulfite Market 2
The objective of the report is to present a comprehensive analysis of the Global Sodium Metabisulfite market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Sodium Metabisulfite market dynamics, structure by analyzing the market segments and project the Global Sodium Metabisulfite market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sodium Metabisulfite market make the report investor’s guide.
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Global Sodium Metabisulfite Market 3
Global Sodium Metabisulfite Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Sodium Metabisulfite Market Key Players
• BASF SE
• Esseco USA.
• Aditya Birla Chemicals.
• Seidler Chemical
• Shandong Kailong Chemical Technology development
• Tangshan Sanjiang Chemical
• Solvay
• Hydrite Chemical.
• Surpass Chemical
• Grillo-werke
• Weifang Taida United chemical
• Ineos Calabrian corporation
• Santa Cruz Biotechnology
• Akkim
• Others
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