Los Angeles, CA -- (SBWIRE) -- 11/01/2018 -- Description
This report studies the global Sodium Benzenesulfinate market status and forecast, categorizes the global Sodium Benzenesulfinate market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
Sodium benzenesulfinate, a white crystalline powder, is easily soluble in water and inflammable. It can be used in photosensitive material of photo and as intermediate in pharmacy.
Sodium benzenesulfinate, a white crystalline powder, is usually used as pharma intermediate during the medicine synthesis. Also, it can be used in other industries, such as photo-taking industry, plastic industry and so on.
Among those applications, demand from pharma industry accounted for the largest consumption proportion, which was 61.98% in 2015.
Due to various factors, such as manufacturing cost, environment issues, etc. Some companies exited the market one after the other in the past few years. In fact, China has become the major production base of sodium benzenesulfinate, few companies in other regions produce the product. In 2015, China' sodium benzenesulfinate production reached to 3487 MT, holding about 84.82% market share globally.
As for consumption, China, Europe, India are the major consumers. The three regions consumed about 2488 MT, 580 MT and 463 MT respectively, with a total consumption share of 85.91% in 2015.
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Considering the current status, information revealed that the sodium benzenesulfinate market is not promising. Market insiders think that the sodium benzenesulfinate industry will be unlikely to surge in the coming few years, no matter from the production aspect or demand aspect. The sodium benzenesulfinate will continue to be soft during the period of 2017-2022 with the GACR of 1.62%.
The global Sodium Benzenesulfinate market is valued at 24 million US$ in 2017 and will reach 22 million US$ by the end of 2025, growing at a CAGR of -1.1% during 2018-2025.
The major manufacturers covered in this report
Organica Feinchemie GmbH Wolfen
Huadao Chloride Factory
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
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