Sodium Metabisulfite Market Industry Forecast To 2026
Garner Insights has titled a new research report named as Sodium Metabisulfite Market 2020 to its consistently extending database. The report clarifies this through a series of channels which include data ranging from rudimentary data to an undeniable estimate. It consolidates all the fundamental factors that are foreseen to change inside the market. The information would thus be used to heighten an organization’s standing in the worldwide market.
Sodium Metabisulfite (SMBS) is a sodium salt, white/creamy in color, and dissolvable in water. The chemical formula for it is Na2S2O5, an inorganic compound made up of sodium, sulfur, and oxygen, and used in many industries such as food, textile, mining, water treatment, and paper.
China is the main sodium metabisulfite manufacturing region. By the end of 2016, there are a lot of manufacturers in China and most of them are private company with small capacity. The industry has high dispersion. The price of sodium metabisulfite is affected directly by Sodium Carbonate and Sulfur. The prices of Sodium Carbonate and Sulfur increase sharply in the last few weeks.
In terms of volume, the global sodium metabisulfite production was 1975.7 K MT in 2016, and it is predicted to reach 3193.3 K MT in 2023. In 2016, the global Sodium Metabisulfite market is led by China, capturing about 37.54% of global Sodium Metabisulfite production. Europe is the second-largest region-wise market with 24.82% global production share.
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Major Manufacturer Detail:
Esseco, INEOS calabrian, BASF, Jiading Malu Chemical, Metabisulphite Nusantara, Kailong Chemical Technolog, Tian Chuang Chemical, Huizhong Chemical Industry, Yinqiao Technology, Rongjin Chemical
At present, the major manufacturers of Sodium Metabisulfite are Solvay, INEOS Calabrian, Esseco, Kailong Chemical Technology, BASF, Metabisulphite Nusantara, Şişecam, Jiading Malu Chemical, Tian Chuang Chemical and Huizhong Chemical Industry.
In application, Sodium Metabisulfite downstream is wide and recently Sodium Metabisulfite has acquired increasing significance in various fields of Water Treatment, Pulp & Paper Industry, Textile Industry, Mining Industry, Construction Industry, Food Industry and others.
Global Sodium Metabisulfite market size will increase to 930 Million US$ by 2025, from 680 Million US$ in 2018, at a CAGR of 4.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Sodium Metabisulfite.
This report researches the worldwide Sodium Metabisulfite market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Sodium Metabisulfite breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The Important Type Coverage:
Food Grade, Industrial Grade, Photo Grade
Segment by Applications
Water Treatment, Pulp & Paper Industry, Textile Industry, Mining Industry, Food Industry, Photographic Industry
The Sodium Metabisulfite report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. Evaluation of the key market trends with a positive impact on the market over the following couple of years, including an in-depth analysis of the market segmentation, comprising of sub-markets, on a regional and global basis. The report also provides a detailed outlook of the Sodium Metabisulfite market share along with strategic recommendations, on the basis of emerging segments.
The industry report also includes the impact of COVID-19 on the global market.
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Some Of The Major Geographies Included In This Study:
North America (U.S and Canada and Rest of North America)
Europe (Germany, France, Italy and Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
Some major points covered in this Sodium Metabisulfite Market report:
1. An overall outlook of the market that helps in picking up essential data.
2. The market has been segmented on the basis of the product types, applications, end-users, as well as the industry verticals, in light of numerous factors. Considering the market segmentation, further analysis has been carried out in an effective manner. For better understanding and a thorough analysis of the market, the key segments have further been partitioned into sub-segments.
3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.
4. The report also includes the study of the latest developments and the profiles of major industry players.
5. The Sodium Metabisulfite market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.
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