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. and among others are the leading market players.
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 during the period 2022 – 2028. Market projections reveal revenue from the sales of sodium metabisulphite to reach a value of US$ 266.5 Mn by 2028, up from an estimated US$ 192.7 Mn 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.
| Base Year Value (2021A) | US$ 183.2 Mn |
| Estimated Year Value (2022E) | US$ 192.7 Mn |
| Projected Year Value (2028F) | US$ 266.5 Mn |
| Value CAGR (2022-2028) | 5.3% |
| Collective Value Share: Top 3 Countries (2022E) | 56.1% |
Food & liquids industry to project Sustained demand for Sodium Metabisulphite; Mining to Emerge beneficial end-use quarter within the Coming Years
Sodium metabisulphite is predominantly used within the food and liquids industry as a preservative in dried food merchandise and to enhance the shelf lifestyles of fruit juices. But, destiny market Insights predicts call for for industrial grade sodium metabisulphite from the mining and water remedy sectors to surge within the near destiny. In the mining enterprise, sodium metabisulphite unearths utility as a reducing agent to get rid of cyanide. Sodium metabisulphite is also utilized in water treatment as an anti-chlor agent to dispose of chlorine and heavy metals from water previous to releasing it into natural sources.
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The textile enterprise utilises sodium metabisulphite as a bleach to embellish cloth and eliminate stains and it is also used within the paper and pulp enterprise as a bleaching agent. These wide applications of sodium metabisulphite have boosted call for throughout industries, upping sales within the global marketplace for sodium metabisulphite as a result.
Revenue from the income of Sodium Metabisulphite to receive a Fillip due to Burgeoning demand throughout Industries
An increasing demand from the meals and liquids industry is a key revenue growth driver for the worldwide sodium metabisulphite marketplace. Except software as a preservative and to enhance product shelf lifestyles, sodium metabisulphite is used as a dough softener in bakery merchandise. Sodium metabisulphite reveals application inside the mining industry for cyanide cleansing in gold mining and additionally as a supply of sulphur dioxide for the destruction of cyanide in the system of business gold cyanidation.
Over time, several stringent legal guidelines had been imposed on gold extraction vegetation to completely get rid of cyanide and metal cyanide complexes before final discharge into the surroundings. This has multiplied the adoption of sodium metabisulphite within the mining industry.
As an anti-chlor agent, sodium metabisulphite removes chlorine from water and is appreciably utilized in municipal and business water remedy centers. With declining availability of clean sources of water, rising tiers of water pollution, and climatic adjustments, governments and worldwide surroundings safety associations have applied stringent guidelines to preserve existing water assets and reduce water pollutants. This has caused an increase in demand for sodium metabisulphite used inside the chemical processing of water.
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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.
Sodium Metabisulphite Industry by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Aug 11, 2022
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