Sodium Metabisulphite Market Size, Share, Demand and Trends by 2022-2028
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$ 159.1 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. 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.
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
Browse
Full Report: https://www.futuremarketinsights.com/reports/sodium-metabisulfite-market
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