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. 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. 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$ 192.7 Mn by 2022 end. This is reflective of a CAGR of 5.3% during the aforesaid timeline.
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.
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.
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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.
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Sodium Metabisulphite Industry by Category
- Food Grade
- Industrial/Technical Grade
- Floating Agent
- Bleaching Agent
- Anticlor Agent
- Chemical synthesis
- OthersChemical Intermediates
By End Use Industry:
- Food and Beverage Industry
- Photography and Film
- Water Treatment
- Paper and Pulp
Table Of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Analyst Credentials
2.4. About FMI
3. Sodium Metabisulphite Market Background
4. Global Sodium Metabisulphite Market Analysis 2013–2021 and Forecast 2022–2028
Key Questions Answered in the Report
What is the current size of global market of Sodium Metabisulphite?
What is the consumption outlook for Sodium Metabisulphite?
Which end use segment is expected to contribute major growth share to the Sodium Metabisulphite consumption in 2022?
Who are the top players in the global business of Sodium Metabisulphite and what is their total share?
What is the market outlook of Sodium Metabisulphite in China?