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Sodium Metabisulfite Market Globally Expected to Drive Growth Through 2025

Author : Ronak Bora | Published Date : 2019-05-20 

The Sodium Metabisulfite Market is set to grow from its current market value of more than $326 million to over $496 million by 2025; as reported in the latest study by Global Market Insights, Inc.

Endowed with an extensive end-user spectrum including food & beverages, pulp & paper, leather, and textile, sodium metabisulfite market is fast emerging as one of the most promising investment avenues in the recent years. The approval by government and regulatory authorities such as European Union and U.S. Food and Drug Administration (FDA) has further strengthened the legality of sodium metabisulfite and has helped the product manufacturers in reaching out to new business verticals.

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With the rise in digital media and increased usage of Internet, the worldwide pulp and paper sector has been focusing on reshaping manufacturing strategies and new business models to fulfill the changing demand patterns. Personalized packaging and cardboard products have now emerged as the most lucrative commodities of the overall pulp and paper sector owing to the overwhelming demand from the burgeoning e-commerce industry. Moreover, high levels of production uniformity and the automation of manual processes has transformed the economic landscape of the pulp and paper sector as lower energy and cost-efficient production has largely become attainable.

With the presence of a large number of suppliers and manufacturers of the chemical, the sodium metabisulfite market has gained tremendous momentum in the APAC region. The swift expansion of numerous end-user sectors such as leather and textile industries in across the region has been a pivotal factor in propelling the product demand as it is utilized as an auxiliary in bleaching and decalcification processes.

Elaborating further on the impact of the leather industry on the sodium metabisulfite market share, the overall leather industry in India has transformed itself from a mere raw material provider to a major product exporter, with total good exports standing at USD 3.05 billion during April to October 2018. Needless to mention, these numbers are a testament to the fact that developing countries like India, South Korea, Thailand, and China would emerge as the prominent import destinations of sodium metabisulfite in the upcoming timeframe. In fact, as per a research study published by Global Market Insights, Inc., the APAC region is slated to apportion more than 45 percent of the total revenue share of the sodium metabisulfite market in the year 2025.

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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 sodium metabisulfite 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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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