Disulfurous Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1489
Disulfurous Acid Market size is growing and is projected at a moderate CAGR over the projected timeframe. Disulfurous acid market has wide spread applications across various end user industries including food processing, cosmetics, alcoholic beverage, reducing agent, etc. The product is extensively used as a food preservative in food processing industry. Robust demand of processed food primarily in North America and Europe is driving the food processing industry. It is primarily due to increasing work force and fast moving lifestyles of people in these regions. This will eventually lead to increasing demand of food additives across food processing industry during the forecast period. It must contribute towards protruding the overall disulfurous acid market size over the projected timeframe.
Disulfurous acid market has noteworthy application in cosmetics industry due to its usage in preparing fragrance such as perfumes, deodorants, etc. With changing life styles of consumers across globe, there has been a significant change in trends and henceforth contributing towards growing cosmetics industry. It will ultimately have positive influence towards growing trends in the global disulfurous acid market by 2024. However, there are certain regulations imposed on the product usage in the industry due to its toxic and hazardous impact on human health and environment. They usually have detrimental impact resulting in eye and skin irritation if comes in human contact. Henceforth, it is used in minimal amount for applications across various end-user industries and is expected to hamper the disulfurous acid market size in coming years.
Growing opportunities in the disulfurous acid market is due to its extensive use in pharmaceutical industry. Pharma sector is booming and growing at a CAGR of over 4% across the globe. It is likely to create plentiful opportunities for disulfurous acid market over the projected timeframe.
The disulfurous acid market share is segmented based on application into food preservatives, wine additives, fragrance (perfumes & scents), reducing agent and others. The alcoholic beverage industry is mounting and is expected to grow at a CAGR of over 3% during the forecast period. The product is used as wine additive and henceforth, it shall contribute towards growing trends of the industry in the coming future. The disulfurous acid market has widespread application as a reducing agent to retard oxidation for easily oxidized drugs such as epinephrine hydrochloride and phenylephrine hydrochloride injections in pharmaceutical industry. With growing pharmaceutical industry across globe, it will lead to increasing usage of product as reducing agents and henceforth will significantly contribute towards growing disulfurous market size in the coming years.
The disulfurous acid market size is segmented based on various end-user industries including food processing, cosmetics, alcoholic beverage and pharmaceuticals. The food processing industry is escalating and is forecast to grow at a CAGR of over 4% in the coming years. Due to increasing working professionals primarily in North America and Europe, it has resulted in changing trends in the industry leading to growing product demand for packaged food. It has subsequently triggered demand for food additives in food processing industry in these regions. Thereby, it shall heavily contribute towards growing disulfurous acid market share during the forecast period.
In North America, the U.S. contributes highly towards the growing disulfurous acid market size. It is due to prevalence of massive end-user industries including food processing, alcoholic beverage, cosmetics industry, etc., which ultimately propels the product demand. In Europe, countries including the U.K., Germany, Russia, Italy, France, and the Netherlands are primary leaders expected to propel disulfurous acid market size in the coming years. In Asia Pacific, particularly China and India has growing disulfurous acid demand and henceforth will ultimately result in growing market trends by 2024. Asia Pacific region will be primarily driven by escalating end-user industries such as cosmetics and food & beverage on account of improving consumer lifestyle dynamics.
Key disulfurous acid market share contributors are Mins Group Co., Ltd., Shenyang Kaiyingsheng Chemicals Co., Ltd., Hue and En (China) Ltd., Jinan JuHeng Chemical Co. Ltd., Bombay Lubricants Oil Company nad Toronto Research Chemicals.
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