Overview of Sodium Metabisulfite Market Research Report – 2019
Sodium Metabisulfite (SMBS) is a sodium salt, white/creamy in color, and dissolvable in water. The chemical formula for it is Na2S2O5, an inorganic compound made up of sodium, sulfur, and oxygen, and used in many industries such as food, textile, mining, water treatment, and paper.
China is the main sodium metabisulfite manufacturing region. By the end of 2016, there are a lot of manufacturers in China and most of them are private company with small capacity. The industry has high dispersion. The price of sodium metabisulfite is affected directly by Sodium Carbonate and Sulfur. The prices of Sodium Carbonate and Sulfur increase sharply in the last few weeks.
In terms of volume, the global sodium metabisulfite production was 1975.7 K MT in 2016, and it is predicted to reach 3193.3 K MT in 2023. In 2016, the global Sodium Metabisulfite market is led by China, capturing about 37.54% of global Sodium Metabisulfite production. Europe is the second-largest region-wise market with 24.82% global production share.
At present, the major manufacturers of Sodium Metabisulfite are Solvay, INEOS Calabrian, Esseco, Kailong Chemical Technology, BASF, Metabisulphite Nusantara, Şişecam, Jiading Malu Chemical, Tian Chuang Chemical and Huizhong Chemical Industry.
In application, Sodium Metabisulfite downstream is wide and recently Sodium Metabisulfite has acquired increasing significance in various fields of Water Treatment, Pulp & Paper Industry, Textile Industry, Mining Industry, Construction Industry, Food Industry and others.
The worldwide market for Sodium Metabisulfite is expected to grow at a CAGR of roughly 4.1% over the next five years, will reach 860 million US$ in 2024, from 680 million US$ in 2019, according to a new GIR (Global Info Research) study.
The Sodium Metabisulfite Market report is designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study. The report also provides detailed information on important aspects such as growth driving factors, challenges and industrial opportunities that can define the future growth of the market.
The Sodium Metabisulfite Market report provides key driving factors which can be used to cultivate the business enterprise Globally. Sodium Metabisulfite Market report employs the sophisticated technological systems demands which can be harmonious on the specific market by each parameter are strictly cited in this report.
Market Segment by Manufacturers, this report covers :Esseco, INEOS calabrian, BASF, Jiading Malu Chemical, Metabisulphite Nusantara, Kailong Chemical Technolog, Tian Chuang Chemical, Huizhong Chemical Industry, Yinqiao Technology, Rongjin Chemical
Market Segment by Regions, regional analysis covers :North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers : Food Grade, Industrial Grade, Photo Grade
Market Segment by Applications, can be divided into : Water Treatment, Pulp & Paper Industry, Textile Industry, Mining Industry, Food Industry, Photographic Industry
A SWOT analysis and Porter’s Five analysis have been used by analysts of the report to analyze the data effectively. Different dynamic aspects of the businesses such as drivers, challenges, risks, opportunities, and restraints have been scrutinized to get a detailed knowledge for making informed decisions in the businesses. It highlights the statistics of current ‘Sodium Metabisulfite Market’ Report scenario, past progress as well as futuristic progress.
The study objectives of this report are:
- To study and analyze the global Sodium Metabisulfite market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Sodium Metabisulfite market by identifying its various sub-segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To analyze the Sodium Metabisulfite with respect to individual growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of Sodium Metabisulfite sub-markets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
In the end, It includes the methodical description of the various factors such as the market growth and a detailed information about the different company’s revenue, growth, technological developments, production, and the various other strategic developments.
Thus the Sodium Metabisulfite Market Report serves as a valuable material for all industry competitors and individuals having a keen interest in Sodium Metabisulfite Market study.