Sodium Bisulphite Market Overview
The sodium bisulphite market size is anticipated to rise at a CAGR of 4% from 2022 to 2032, from a value of US$ 461.19 Mn in 2022 to US$ 682.68 Mn by 2032. Major factors propelling the demand for sodium bisulphite are:
- The rise in novel medication formulation research and development has sparked a market need for sodium bisulphite in the pharmaceutical sector.
- The demand for sodium bisulphite from wastewater and sewage treatment facilities decreases as U.V. technologies and R.O. filters become more widely used.
- The size of the market for sodium bisulphite is anticipated to expand due to the rise in demand for packaged food items.
- The market is also growing as a result of the rising usage of sodium bisulphite in cosmetics and personal care products as an antioxidant and a disinfectant.
Sodium Bisulphite Market Value (2022)
US$ 461.19 Mn
Sodium Bisulphite Market Forecast Value (2032)
US$ 682.68 Mn
Sodium Bisulphite Market CAGR (2022-2032)
Production of food is following an upward trend across the globe resulting in the higher consumption of sulfur chemicals for the preservation of food. Global sodium bisulphite market growth is robust in regions with increasing food production resulting from high population growth, with major growth regions being Africa, Central & South America, and Southeast Asia.
In North America and Europe, food production is stagnating and consumption of sulfur chemicals is following this trend. Sodium bisulphite is used in food preservation and as a flavouring agent. Food-grade sodium bisulfate is used in a variety of food products, including beverages, sauces, dressings, and fillings.
Increasing global concerns of food supply chain such as damage during storage, delay in transportation, etc. has resulted in a greater significance in preserving food and consequently using preservatives as a way to prolong the shelf-life of food products. Hence, there is an increasing demand for sodium bisulphite is as a preservative. It is also used as a preservative agent in the photography and film industry which is in turn driving the global sodium bisulphite market growth.
The growing wastewater treatmentindustry is also anticipated to fuel the growth of global sodium bisulphite market along with the increasing concerns over wastewater complexities and government pressures have upturned the OEM’s towards the launching of higher technologies for wastewater treatment, thereby driving the demand for sodium bisulphite across the globe.
Growing Adoption of Sodium Bisulphite in the Pharmaceutical Industry to Propel the Sales
As a gastrointestinal antiseptic and external treatment for parasite skin conditions, sodium bisulphite is employed. The market will increase more quickly if sodium bisulphite is used more frequently as a medicine excipient to stop the oxidation of adrenaline. Additionally, throughout the forecast period, the government's expenditure on healthcare and technological advances is anticipated to fuel the expansion of the sodium bisulphite market.
As part of its 2019 - 20 budget, the Australian government announced a $5 billion, 10-year investment plan for the Medical Research Future Fund (MRFF) to assist Australian health and medical research in 2019. In 2018, 7.3% of Algeria's overall national operating budget was devoted to health. Due to these factors, the players in the sodium bisulphate industry are projected to expand their territories and boost sales.
Trends and Opportunities for Sodium Bisulphite Companies
Expanding Applications for Treating Wastewater to Propel Demand for Sodium Bisulphite
The efficacy and affordability of sodium bisulphite, as compared to other water treatment chemicals, such as ferric sulphate, are key drivers fueling the market's expansion. Additionally, the market for sodium bisulphite has lucrative opportunities to expand. The need for freshwater is expected to rise globally between 2022 and 2050 by 55%, according to the research, which is anticipated to considerably support market growth.
To reduce the amount of chlorine in drinking water, sodium bisulphite is typically utilized in water treatment. The World Bank Group research states that 844 million people do not have access to basic drinking water facilities in 2019, leaving 2.2 billion people without reliable access to clean water services. Globally, sodium bisulphite is used as a water softener to eliminate dangerous microorganisms from water. Key market participants are expanding their businesses and offering water treatment due to the urgent demand for safe water throughout the world. There are likely multiple lucrative opportunities for sodium bisulphate manufacturers to aid market growth as a result of the rising need for clean drinking water.
Challenges Likely Influence the Sodium Bisulphite Manufacturer's Sales
Health Risks Associated with Sodium Bisulphite to Lower the Demand
The skin, eyes, and the respiratory system might get irritated when exposed to sodium bisulphite solution. Sulphur dioxide (SO2) exposure by inhaling sodium bisulphite solution vapour may exacerbate asthma or other pulmonary (breathing) disorders and result in headaches, breathing issues, or irregular heartbeat. As a result, sodium bisulphite's negative consequences serve as a barrier to the market's expansion. Additionally, the market's expansion is hampered by the use of U.V. technologies and R.O. water filtering, whose purifying effectiveness is greater than that of sodium bisulphite. As a result, the development of a substitute for sodium bisulphite (SBS), a reduction in the amount of chlorination, and a chemical-free dichlorination method restrains the market's expansion.
Sodium Bisulphite: Drivers & Restraints
The increasing demand sodium bisulphite in end-user industries across the globe is driving market growth of global sodium bisulphite market. Rising use of sodium bisulphite in the wastewater treatment is the major driving force for the global sodium bisulphite industry. The use of sodium bisulfite solution has increased for De-chlorination, consistent with developments in wastewater treatment and growth in population which is acting as one of the prominent driving factors for the global sodium bisulphite market.
The major restraint in the global sodium bisulphite market implies to be the availability of close substitute such as sodium metabisulphite. Also, another challenge to the industry is the adverse health effects from the use and exposure of sodium bisulphite. Also, it is regulated to be used in fresh produces that are intended to be served raw. This regulation is also expected to impose a challenge to the global sodium bisulphite market.
Sodium Bisulphite: Region-wise Outlook
The global sodium bisulphite market is expected to register a favourable growth for the forecast period, 2016-2026. Asia-Pacific is projected to endure its control on the global bisulphite market. The key countries in the mentioned region are projected to be India and China as an outcome of increasing wealth which is resulting in increasing demand for processed food.
China is expected to be the largest opportunity in terms of revenue of the industry. Europe and North America are expected to follow Asia Pacific in global sodium bisulphite market. Rest of the world is also expected to register a favourable growth in global sodium bisulphite market
Sodium Bisulphite: Key Players
Some of the key market participants in global sodium bisulphite market are Calabrian Corporation, Solvay, Aditya Birla Chemicals, BASF SE, Dow Chemicals, and Shandong Kailong Chemical Industry Technology Co., Ltd. And others
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The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Sodium Bisulphite: Segmentation
On the basis of end use sector the global sodium bisulphite market is segmented as:
- wastewater treatment
- paper and pulp
- photography and film
- and others (textiles, oil and gas etc.)
On the basis of grades the global sodium bisulphite market is segmented as:
- food grade
- technical grade
On the basis of functionality the global sodium bisulphite market is segmented as:
- bleaching agent
- reducing agent
- DE-chlorinating agent