Global Sodium Metabisulphite Market to be Driven by Food and Beverage Industry in the Forecast Period of 2021-2026Sodium Metabisulphite Market | Global Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026
The new report by Expert Market Research titled, ‘Global Sodium Metabisulphite Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global sodium metabisulphite market, assessing the market based on its segments like grade, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2020)
• Forecast CAGR (2021-2026): 4.6%
The sodium metabisulphite market is driven by the flourishing food and beverage industry and the rising demand within the food packaging industry to preserve food quality, mainly in the developed nations. Another factor that drives the sodium metabisulphite industry is wastewater treatment issues in advancing nations using sodium metabisulphite for effluvium water-treatment to eliminate chlorine. Rapid increase in research and development in new drug formulation has triggered the market demand for sodium metabisulphite within the pharmaceutical industry. The Food and Drug Administration and European Union has also approved the utility of sodium metabisulphite within the food industry as an artificial additive and thus the market is likely to witness robust growth in the coming years.
Sodium Metabisulphite: Industry Definition and Segments
Sodium metabisulphite refers to a compound comprising sodium, sulphur, and oxygen. It is also called sodium pyrosulfate. The formula used for the product is Na2S2O5. Sodium metabisulphite is available in powder form, either in white or yellowish white colour. It is water soluble and features a peculiar rotten egg smell.
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Sodium metabisulphite market, on the basis of grade, can be divided into:
• Food Grade
• Photo Grade
• Non-Food Grade
On the basis of application, the market can be segmented into:
The regional markets for sodium metabisulphite can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Sodium metabisulphite demand is rising due to the growing use of this compound as a bleaching and dechlorinating agent in several end industries. This growth is further complimented by the introduction of the latest applications of the merchandise in manufacturing of indigo vats dyes, cyanide detoxification, among others. The compound has successfully marked its footprints in various business segments covering food and beverage industry, textile sector, paper and pulp industry, leather, water treatment process, chemicals, and pharma, among others. The paper and pulp industry held the utmost utilisation of sodium metabisulphite of the overall end-user segment owing to the merchandise being significantly safer, less costly and simply accessible to be utilised in rust removing and other relatable operations.
Key Market Players:
The major players in the market are global sodium metabisulphite market are BASF SE, Qingdao Tianya Chemical Co., Ltd, Aditya Birla Chemicals, and INEOS AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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About Authormathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/
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