Sodium Metabisulfite Market Analysis

Sodium Metabisulfite Market Analysis

Based on grade, the sodium metabisulfite market has been segmented into food grade, industrial/technical grade and photo grade. Based on volume, the industrial grade segment held the maximum share of over 90% in 2018 due to their versatile usage in pulp & paper industry as an antichlor and for de-lignification purpose, in textile industry as a bleaching agent for wool and jute, in pharma industry for manufacturing of antioxidant drugs. Strong demand from Asian countries is subjected to the growing textile industry in the region which will propel demand for fabrics like silk, viscose, hemp and other products. The product also has extended application in mining industry as a floating agent and cyanide detoxification. It is also used as an oxygen scavenging agent in steam boilers & drilling water.

Based on revenue, the food grade segment generated revenue of more than USD 4.6 million in 2018 owing to its growing usage as preservative, antioxidant, reducing agent, and bleaching agent. The growth in their applications has triggered an increased awareness of food additives. Strong growth indicators exhibited by package food sector will boost market size by 2025.

The sodium metabisulfite market has been segmented on the basis of end-user into food & beverages, water treatment, chemical & pharma, textile industry, leather industry, pulp & paper, photographic & film and others. The others segment includes mining industry, fiber industry, electroplating industry etc. In 2018, Water treatment industry held a prominent share of more than 20% of the global market. Governments in developing countries have framed laws regarding protection of drinking water sources from contamination source, the laws are more focused towards disposal of water coming from industries as well as setting standards for drinking water.

In 2018, pulp & paper end-use held the highest market share and will witness growth at over 5% CAGR from 2019 to 2025. The product is employed as bleaching agent for stain removal in the pulp & paper industry. Growing need for hygiene products such as paper cups, tissue papers and packaging will accelerate the need for paper pulp thereby stimulating product demand.

Based on revenue, Asia Pacific region led by China, India and South Korea is a key contributor with a significant market size of close to USD 146 million These nations witness growing demand for designer leather apparels, footwear, bags, and accessories pertaining to rising per capita incomes. Moreover government initiatives to ban poly bags and introduce paper-based products will likely propel market growth in the region. Recovery in industrialized nations and growth in the emerging markets of India, China, Indonesia, Vietnam and Thailand will eventually gain investments in chemical and pharma, textile and leather, industries.
 

Europe sodium metabisulfite market led by Italy, UK, Germany and France will witness gains close to 5% by 2025. This region has huge leather processing industry which not only manufacture but also exports different types of leather from livestock including calves, goat, and sheep that caters to several end-use markets.