Sodium metabisulfite market Share Analysis and Research Report by 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-04-16
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Sodium metabisulfite market Share Analysis and Research Report by 2025

Sodium metabisulfite market will surpass USD 495 million by 2025 .The product seeks maximum growth opportunities in Asia Pacific due to growing food and beverage consumption in the region. The food grade sodium metabisulfite market is forecast to grow by over 5.5% CAGR till 2025, earning a revenue over 6.5 USD million. The growth is attributed to growing population which will lead to increased consumption of packaged food along with increasing food products trades and increasing awareness of water treatment operations. However, on the other hand the global sodium metabisulfite market growth might be hindered in future due to negative health impacts of the product.

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Top Companies

  1. BASF SE
  2. Aditya Birla Chemicals (Thailand)
  3. Esseco USA LLC
  4. Seidler Chemical Co.
  5. Shandong Kailong Chemical Technology Development Co. Ltd.
  6. Tangshan Sanjiang Chemical Co. Ltd.
  7. Grillo-Werke AG
  8. Solvay S.A.
  9. Hydrite Chemical Co.
  10. Surpass Chemical Company
  11. Inc.
  12. Weifang Taida United Chemical Co. Ltd.
  13. INEOS Calabrian Corp.
  14. Santa Cruz Biotechnology
  15. Ak-kim
  16. Jay Dinesh chemicals

Growth Driver

  • Rapidly growing food & beverages industry in Asia Pacific
  • Rising awareness for waste water treatment throughout the globe

 

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Sodium metabisulfite is majorly used in the leather industry which is even expected to increase in the upcoming years at a promising CAGR of 4.6% as a result of growing disposable income of people which has led to rise in preference of premium leather goods throughout the globe. Soaring operational costs and stringent labor regulations in Belgium, Germany, Italy, have shifted the leather industry to several Asian nations such as India, China, and South Korea, making the region the potential market hub in future.

Asia pacific and Europe are the major regions propelling the sodium metabisulfite market demand for packaged food products like appetizers and frozen meals that will subsequently increase the production capacity of sodium metabisulfite in the region. Sifting consumer preferences towards more hygienic food packaging has accelerated the demand for preservatives and antioxidants. The product is used as a preservative in canned juices, dried foods etc. Europe's food grade sodium metabisulfite demand is supported by its growing bakery industry, where the product is used as a reducing agent in dough preparation.

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The sodium metabisulfite market is moderately fragmented due to the presence of huge players owing to its diversified application in a number of industries. Few players in the market are BASF SE, Aditya Birla Chemicals, Esseco LLC, Grillo-Werke to name some.

Read more:

Cresols Market Demand, Recent Trends and Developments Analysis 2025

Glyphosate Market Research Report, Growth Forecast 2025

Leather Chemicals Market Share Analysis and Research Report by 2025

 

 



About Author

Rahul Sankrityayan

Email: [email protected]   

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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