English Extended Distribution Market Research Reportedtimes Research Newswire Wire

Sodium Bisulphite Market Size Forecast to Reach $501.5 Million by 2025

Sodium Bisulphite Market size is forecast to reach $501.5 million by 2025, after growing at a CAGR of 4.1% during 2020-2025. Sodium Bisulphite also known as sodium hydrogen sulfite is a chemical compound with the chemical formula NaHSO3. Sodium Bisulphite is used as preservatives in food and as a bleaching agent in the pulp and paper, textile, and in the photographic. The increase in demand for packaged food products is expected to boost the Sodium Bisulphite market size. Furthermore, surging use of Sodium Bisulphite as disinfectant, and antioxidant in cosmetics and personal care products further fuels the market growth.

Sodium Bisulphite Market Segment Analysis – By Grade

Based on the grade, industrial grade segment holds the largest share of more than 45% in the Sodium Bisulphite market. Sodium Bisulphite of industrial grades are used as bleaching or antichlor agent in paper industries as it reduces the natural element that causes paper to brown, from the wood pulp, and increase the brightness of paper. Owing to various environmental benefits, demand for paper and pulp is increasing which in turn augments the growth of the Sodium Bisulphite market. According to environmental paper network (EPN), paper use is steadily increasing year on year and exceeded to 400 million tons per year in 2018. Also, global import value of pulp grew by $8,994.5 million reaching approximately $64,677 million in 2018, according to International Trade Centre.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=16249

Report Price: $ 4500 (Single User License)

Sodium Bisulphite Market Segment Analysis – By Application

Water Treatment segment holds the largest share of more than 25% in the Sodium Bisulphite market in 2019. Sodium Bisulphite is commonly used for the removal of free chlorine and as a biostatic in water treatment plants. Sodium Bisulphite reduces free chlorine to form sodium bisulfate (NaHSO4) and hydrochloric acid (HCl). Efficacy and cost effectiveness compared to other water treatment chemicals such as ferric sulfate are major factors driving the growth of the Sodium Bisulphite market. In addition, surging demand for freshwater pose an opportunity for the growth of Sodium Bisulphite market. According to the Organisation for Economic Co-operation and Development, freshwater demand is projected to increase by 55% globally between 2000 and 2050, significantly aiding the market growth.

Sodium Bisulphite Market Segment Analysis – By End-Use Industry

Food & Beverage segment holds the largest share of more than 30% in the Sodium Bisulphite market in 2019. A significant rise in per capita consumption of packaged food and beverages, is likely to have a major impact on the demand for Sodium Bisulphite because Sodium Bisulphite is used as a preservative and as a steeping agent. According to The Association for Packaging and Processing Technologies (PMMI) 2018 Beverage Report, the North American beverage industry is expected to grow by 4.5% during 2018-2028. Whereas, Food grade Sodium Bisulphite is commonly used as a preservative in food manufacturing processes and also used in the manufacturing of paper intended for direct food contact applications.

Sodium Bisulphite Market Segment Analysis – By Geography

Asia Pacific has dominated the Sodium Bisulphite market with a share of more than 45% in 2019 followed by North America and Europe. Population growth combined with rapid industrialization and high disposable income are driving the growth of Sodium Bisulphite market in APAC region. Sodium Bisulphite are used in textile and leather industries as a bleaching agent for strain removal, brightening, and improving the quality of fabric. Increasing demand for apparel, growing fashion trends, and flourishing textile industries across the country is aiding the growth of the market. According to the Indian Brand Equity Foundation (IBEF), India’s textile and apparel exports accounted for US$ 38.70 billion in 2019 and is expected to increase to US$ 82.00 billion by 2021, this may fuel the demand of Sodium Bisulphite for the bleaching process.

Sodium Bisulphite Market Drivers

Growing uses for wastewater treatment

Sodium Bisulfite is primarily used for water treatment to remove excess chlorine in drinking water. According to the World Bank Group report, in 2019, 2.2 billion people lack dependable access to safe water services, and among those, 844 million people do not have access to basic drinking water facilities. Sodium bisulphite is globally used as a water softener which neutralizes the harmful bacteria present in water. The imperative need for safe water across the world is driving key players in the market to expand their operations and provide water treatment. The need for safe drinking water will lead to increased opportunities in the global sodium bisulfite market.

Increasing usage of Sodium Bisulphite in medical sector

Sodium Bisulphite is used externally for parasitic skin diseases and as gastrointestinal antiseptic. Accelerating use of Sodium Bisulphite as an excipient to medications in order to prevent the oxidation of adrenaline augments the growth of the market. Moreover, technology advancements and government’s spending on healthcare is expected to drive the growth of Sodium Bisulphite market during forecast period. For instance, in 2019, Australian Government announced a $5 billion, 10-year investment plan for the Medical Research Future Fund (MRFF) as a part of its 2019–20 budgets to support Australian health and medical research. Algeria’s total national operating budget allocated to health reached 7.3% in 2018. Also, U.S. health care spending grew by 4.6 percent in 2018, reaching $3.6 trillion.

Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=16249

Sodium Bisulphite Market Challenges

Harmful effects of Sodium Bisulphite on human health

Exposure to sodium bisulfite solution cause irritation to the skin, eyes, and respiratory tract. Breathing sodium bisulfite solution vapor may aggravate asthma or other pulmonary (breathing) diseases and may cause headaches, breathing difficulties, or heart irregularity from sulfur dioxide (SO2) exposure. Thus, the harmful effects of sodium bisulfite acts as a restraining factor to the market growth. Additionally, the adoption of U.V technologies and RO water filtration whose purification efficiency is higher than Sodium Bisulphite hampers the growth of the market. Thus, an alternative dechlorination treatment system to replace Sodium Bisulphite (SBS), reduce the usage of chlorination, and achieve a chemical-free dechlorination process acts as a restraint for the market growth.

Emergence of COVID-19

The Covid-19 proved to be a major challenge for the growth of the Sodium Bisulphite market. Self-isolation rules have resulted in short supply and event cancellations. Many industries are shuttered due to lack of manpower. The apparel industry body Clothing Manufacturers Association of India (CMAI) has estimated that if no assistance comes from government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Decrease in purchasing capital has slowed the growth of textile, paper & pulp, and mining industries which in turn hampered the demand for Sodium Bisulphite.

Sodium Bisulphite Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Bisulphite market report. Major players in the Sodium Bisulphite market are BASF SE, Aditya Birla Chemicals, Esseco USA LLC, Seidler Chemical Co., Shandong Kailong Chemical Technology Development Co. Ltd., Tangshan Sanjiang Chemical Co. Ltd., Grillo-Werke AG, Solvay S.A., Hydrite Chemical Co., Surpass Chemical Company, Inc., Weifang Taida United Chemical Co. Ltd., INEOS Calabrian Corp., and Santa Cruz Biotechnology, among others.

Key Takeaways

The increase in research and development in new drug formulation has triggered the market demand of Sodium Bisulphite in the pharmaceutical industry.

Decline in manufacturing activities and disruption of supply chain due to the outbreak of coronavirus has hampered the growth of the Sodium Bisulphite market.

Increasing adoption of UV technologies and RO filtration lower the demand of Sodium Bisulphite from wastewater and sewage treatment plants.

Related Reports :

A. Sodium Bromide Market 

https://www.industryarc.com/Report/16250/sodium-bromide-market.html

B. Sodium Metabisulfite Market  

https://www.industryarc.com/Report/16254/sodium-metabisulfite-market.html

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Tags: , , , , , ,

See Campaign: https://www.industryarc.com/reports/request-quote?id=16249
Contact Information:
Venkat Reddy Sales Director Email: [email protected] Website: https://www.industryarc.com Phone: (+1) 970-236-3677

Tags:
, Reportedtimes, Extended Distribution, Wire, Research Newswire, English

image

Contact Information:

Venkat Reddy
Sales Director
Email: [email protected]
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *