FMI’s New Report, titled, “Sodium Metabisulfite Market: Global Industry Analysis and Opportunity Assessment 2016-2026” offers 10-year forecast and analysis.
Valley Cottage, NY -- (SBWIRE) -- 06/06/2016 -- Sodium Metabisulfite is a white or yellowish white inorganic compound which is composed of sodium, sulfur and oxygen. Sodium Metabisulfite is also known as Disodium or Sodium pyrosulfite. The Sodium metabisulfite is readily soluble in water and glycerin. Primarily Sodium metabisulfite is used as reducing agent, food preservative and food additive. The characteristic use such as reducing agents, food preserving agents, sanitizing agent, Cleaning Agent and others make Sodium metabisulfite a very useful substance which can be utilized in diverse range of end use sectors. The chemical and pharmaceutical industry uses Sodium metabisulfite as a strong reducing agent, an important element in numerous chemical and pharmaceutical processes. The food processing industry where Sodium metabisulfite is used as preservative and food additive is another sector where huge growth lies for Sodium metabisulfite market. The wide and increasing scope of end use application of Sodium Metabisulfite is encouraging the Sodium Metabisulfite market and its producers.
Sodium Metabisulfite Market: Drivers and Restraints
The global Sodium metasulfite industry is driven by its growth in consumption of food and pharmaceutical industry. The rise in consumption of packaged food products as preservative and additive is a major driver for the use of Sodium Metabisulfite. The increasing demands for textile and wool which uses Sodium metasulfite as bleaching agent is anticipated to promote the demand of Sodium metasulfite. The rise in production and consumption of wine in especially urban population where Sodium Metabisulfite is used is another driver for the Sodium Metabisulfite Market.
On the other hand the Sodium bisulfite can be used as an alternative to the Sodium Metabisulfite. Sodium bisulfite possess nearly similar physical and chemical characteristics as that of Sodium Metabisulfite. Hence the growth in Sodium bisulfite Market is expected to hamper the growth of the Sodium Metabisulfite Market. The growing health concerns and growing demand of the preservative free and fully organic food products is anticipated to lower the use of Sodium metasulfite in food and beverage industry.
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Sodium Metabisulfite Market: Segmentation
On the basis of Grade, the global Sodium Metabisulfite market is segmented into:
Non Food / Technical Grade
On the basis of functionality, the global Sodium Metabisulfite market is segmented into:
On the basis of application, the global Sodium Metabisulfite market is segmented into:
Food and Beverage Industry
Paper and pulp industry
Photographic and film industry
Other (Rubber, Paint and others)
Global Sodium Metabisulfite Market: Regional Analysis
Globally the North America is anticipated to be the largest market for the Sodium Metabisulfite especially due to large packaged food consumption. The Asia pacific region is estimated to be the fastest growing market by volume due to changing food habits, rise in pharmaceutical sectors, paper and textiles. The pharmerging nations especially India, China, Brazil and African countries are anticipated to be the major drivers for the growth of Sodium Metabisulfite market. Europe is anticipated to witness the moderate growth in Sodium Metabisulfite market.
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Global Sodium Metabisulfite Market: Key Players
Some of the market participants in the global Sodium Metabisulfite market are BASF SE, Solvay, Aditya Birla Chemicals, Ultramarines India (P) Ltd., The Dow Chemical Company, Shandong Kailong Chemical Technology Development Co., Ltd., Qingdao Tianya Chemical Co., Ltd and others
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The Regional analysis includes:
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Europe(Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands)
Rest of the world