An Incisive, In-depth Analysis on the Sodium Metabisulfite Market
This study offers a comprehensive, 360 degree analysis on the Sodium Metabisulfite market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sodium Metabisulfite market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Due to changing lifestyle, major changes in food consumption patterns and eating habits are being noticed across the globe. There has been a significant rise in per capita consumption of packaged food and beverages, which is likely to have a major impact on the demand for sodium metabisulphite. Sodium metabisulphite is used as a preservative in dried foods and canned juices, amongst others. It is also being used as an important additive in the sea food processing majorly shrimps. Sodium metabisulphite is also used as a softener in dough for making bakery products. Sodium Metabisulphite is a subcategory of sulphur derivatives and is gaining popularity owing to the stringent regulations prohibiting the use of sulphur dioxide to reduce harmful emissions. Various grades, such as food grade and industrial grade, of sodium metabisulphite are being manufactured to be used across major end-use industries, such as paper and pulp, textile, water treatment and mining, amongst others.
Apart from its use as preservative in the food and beverage industry, sodium metabisulphite is also used as a bleaching agent and anti chlor agent in the paper and pulp and textile industries for strain removal and brightening and improving the quality of fabric. Sodium metabisulphite is also widely used as an anti chlor agent in the water treatment industry. Sales revenue of Sodium Metabisulphite is expected to be nearly 159.1 Mn in 2018. By the end of the forecast period, the global Sodium Metabisulphite market is projected to reach a value of US$ 266.5 Mn, recording a CAGR of 5.3%.
Factors Influencing the Global Sodium Metabisulphite Market Growth
Ageing mineral deposits are resulting in decreased grade of mineral ores. Due to the depleting reserves globally, the mining industry is facing the problem of low productivity. The quality of ore is getting affected and as a result, there is need for exploiting reserves that lie deeper inside the earth. Attributing to this complexity in mining, the demand for mining flotation chemicals is increasing. This has led to growth in the use of chemicals, such as cyanide, for the extraction of gold from low grade ores.
Sodium metabisulphite, as a reducing agent, helps to remove cyanide and extract pure gold. It is widely used for cyanide detoxification in gold mining. It is also used as a source of sulphur dioxide for the destruction of cyanide in the commercial gold cyanidation process.
Over the past decade, availability of fresh water resources has significantly declined across the globe. In addition, climatic changes and water pollution threats have considerably increased. Various regulations have been formed by concerned environmental agencies and government authorities with an aim to support water conservation and reduce water pollution, which is leading to increasing demand for chemical processing of water.
Global Sodium Metabisulphite Market Analysis by Grade
On the basis of Grade, the global Sodium Metabisulphite market is expected to be dominated by industrial/technical segment.
Global Sodium Metabisulphite Market Analysis by End Use Industry
On the basis of end-use industry, mining industry and water treatment are projected to witness robust growth in the global Sodium Metabisulphite market. Another end-use industries, chemical industry is anticipated to witness higher than average growth over the forecast period in the sodium metabisulphite market.
Global Sodium Metabisulphite Market Analysis by Application
In terms of applications, preservative segment will continue to retain its dominance throughout the forecast period in the global sodium metabisulphite market. Increasing per capita consumption of packaged food is further fuelling demand for Sodium Metabisulphite among food and beverage manufacturers. Bleaching agent and floating agent are projected to witness significant growth in the Sodium Metabisulphite market over the forecast period and will record CAGR of 5.6% and 6.4%, respectively, over the forecast period.
Global Sodium Metabisulphite Market Analysis by Region
From a regional perspective, China is projected to dominate the global Sodium Metabisulphite market production and consumption throughout the forecast period. Due to the presence of leading sodium metabisulphite companies in China, the region is a major supplier of Sodium Metabisulphite to various countries globally, such as Africa and Latin America. In SEA and Pacific, India is projected to witness relatively higher growth in the sodium metabisulphite market. ASEAN and other Asian countries are mainly dependent on the import of sodium metabisulphite from the U.S., Europe and China. Europe holds nearly 18% share in the global Sodium Metabisulphite market.
Key Players Dominating the Global Sodium Metabisulphite Market
The report highlights some of the leading companies operating in the global Sodium Metabisulphite market, such as Esseco Group Srl, Aditya Birla Chemicals (Thailand), Ak Kim Kimya Sanayi Ve Ticaret Anonim Sirketi, BASF SE, Ineos Calabrian Corporation, Qingdao Tianya Chemical Co., Ltd, Yuanye Chemical Co.,Ltd, Grillo-Werke Aktiengesellschaft, Shandong Kailong Chemical Technology Development Co., Ltd., Ultramarines India ( P ) Ltd., ?i?ecam Group, Tangshan Sanjiang Chemical Co., Ltd., Shanghai Jiading Malu Chemical Co., Ltd., Meizhou Union Chemical Co., Ltd. amongst others.
Future Market Insights in its report titled “Sodium Metabisulphite Market: Global Industry Analysis 2013-2017 and Opportunity Assessment, 2018–2028” offers detailed insights on the global Sodium Metabisulphite market over the forecast period, 2018 – 2028, along with the historical data for the period 2013-2017. Valuable insights compiled in the report offer crucial information pertaining to the factors encouraging growth of the global Sodium Metabisulphite market, leading segments, untapped opportunities for manufacturers, trends and various market developments.
In-depth insights offered in the report also identify various drivers and restraints impacting growth of the global Sodium Metabisulphite market. To equip the client with accurate market information, the report provides imperative information pertaining to recent market trends in the Sodium Metabisulphite market for improved decision making. In addition, the report highlights the macroeconomic factors and their overall impact on the global Sodium Metabisulphite market growth for the coming years.
Global Sodium Metabisulphite Market Segmentation
To understand and assess opportunities in the global Sodium Metabisulphite Market, we have divided the report into four sections based on market segmentation as under:
By End Use Industry
In the Sodium Metabisulphite market report, the market value for all segments has been assessed in US$ Mn and the market volume has been measured in tons.
In the following section, the report highlights country-wise analysis for Sodium Metabisulphite market over the coming years. Valuable insights in this section highlight overall outlook for the Sodium Metabisulphite market for the forecast period. Insights compiled in this report offer crucial information about the novel technology solutions and product offerings for niche applications in the global Sodium Metabisulphite Market.
In the final section, the Sodium Metabisulphite report offers insights on the competitive landscape and provide a dashboard view of the global market to the readers and clients. To offer a better understanding of the Sodium Metabisulphite market, detailed insights have been compiled in the report, which provide market share analysis on the basis of key manufacturers. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate strategies, key offerings, and recent developments in the global Sodium Metabisulphite Market.
Our Research Methodology
Market volume has been derived from in-depth secondary research and validated from industry experts in Sodium Metabisulphite market through interviews. Each interview was thoroughly analyzed and average market volume was deduced and reconfirmed before being incorporated in this report on Sodium Metabisulphite market. The price of Sodium Metabisulphite was deduced on the basis of grade, where the average price of each sodium metabisulphite grade type was derived for the assessed regions/countries. The market value of the global Sodium Metabisulphite market has also been analyzed on the basis of data on the average selling price and market volume.
To offer accurate and valuable insights on the global Sodium Metabisulphite market, various macroeconomic factors and current market trends were taken into account. Other important factors considered to assess and offer market intelligence include the size of the current market, inputs from suppliers and consumers and other factors shaping the overall Sodium Metabisulphite market growth.
In this sodium metabisulphite report, forecast has been conducted in terms of CAGR. In addition, other aspects influencing the overall market growth mentioned in the report include year-on-year growth and absolute dollar opportunity. On the account of these insights, the report presents crystal clear insights pertaining to the lucrative opportunities in the global Sodium Metabisulphite Market to the clients.
Stringent regulations for the reduction of sulphur emissions have created significant demand for sulphur derivatives, including sodium metabisulphite. Major end use industries for sodium metabisulphite include food and beverage industry where sodium metabisulphite is used as a food preservative to prevent the growth of microorganisms by forming a layer of SO2 over the surface. Another major end-use industry is the in mining industry which uses sodium metabisulphite as a floating agent.