© 2016 Global Market Insights, Inc. USA. All Rights Reserved Sodium Metabisulfite Market in pulp & paper segment to grow at 45% CAGR till 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Sodium Metabisulfite Market to surpass USD 496 billion by 2025 and will witness 6.3% CAGR during the forecast timespan. Sodium metabisulfite market is witnessing steady growth since the last few years due to its huge acceptance as a preservative in the market. The FDA and European Union has approved the utility of sodium metabisulfite in the food industry as a food additive and is thus forecast to witness higher gains in upcoming years. This consistent growth is also augmented by the rising awareness for effluent water treatment throughout the globe followed by surging demand in leather and textile industry from the Asian countries where the product acts as an auxiliary in bleaching and decalcification process as result of accessibility to premium raw material, economic growth, technological advancements and growing number of industry players will stimulate the market growth. Sodium Metabisulfite Market  On the other hand, some of the crucial challenges hindering the sodium metabisulfite market growth are health issues associated with the chemical that can cause serious health hazards to human body including skin allergic reactions, dysfunctional gastrointestinal system and other chronic diseases. Moreover, availability of substitute products such as sodium bisulfite, sorbic acid, benzoic acid, citric acid, L-cysteine, etc. as a preservative might negatively affect market growth. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Sodium metabisulfite is marketed worldwide through its specific grades namely food grade, industrial grade and food grade. Despite the fact that all the grades have their own significance in one or the other end-use area, industrial grades holds the maximum market share of around 90% in 2025 owing to growing use of this chemical compound as a bleaching and dechlorinating agent in several end industries. This growth is further complimented by introduction of new applications of the product in manufacturing of indigo vats dyes, cyanide detoxification etc.  The chemical compound has marked its footprints in almost every business segment covering food and beverage industry, textile industry, paper and pulp industry, leather, water treatment process, chemicals, pharma and many more. Paper and pulp industry held the maximum utilization of sodium metabisulfite capturing a share of around 45% in 2025 of overall end-user segment due to the product being significantly safer, less expensive and easily accessible to be used in rust removing and other relatable operations. The lowest end-use area for sodium metabisulfite market is photographic and film segment due to the adoption of digitalization technologies. The sector covers only 0.6% of the total end-use market in Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Sodium Metabisulfite Market Size, By End-user, 2014 – 2025 (USD Million)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Analyzing the market scenario, around 45% of total market share is grabbed by Asia Pacific region in the year 2025 registering itself as the largest market. Such a tremendous share is solely attributed to the presence of large number of manufacturers and suppliers of the product in countries like India, China, Thailand, South Korea thereby making the region an import destination of various other countries.  The product market is quite consolidated but presence of local players in the sector mainly from Asian countries will fragment the market in upcoming years. The companies are more focused towards adopting innovative strategies to tap potential application of the products. Some of the major players in the market are BASF SE, Aditya Birla Chemicals, Esseco LLC, Ineos Calabrian corporation, Hydrite Chemical, Grillo-Werke and many others. Continue…

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