2019 Sodium Pyrosulfite Market Trends: by Competitive Dynamics, Industry Size, Growth Forecast 2024, Regional Analysis, and Key Drivers

Sodium Metabisulfite Market Report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global industry situation, future developmental plans, and values pertaining to various marketing states.

The sodium pyrosulfite market revenue is expected to grow at more than 6% CAGR to surpass a valuation of $495mn by 2025. A thriving growth in global food & beverage industry is the key factor escalating the market. By the increasing consumption of packaged food products in developed economies, the demand for sodium pyrosulfite is also expected to rise at a CAGR of 5.2% till 2025 owing to its anti-microbial properties that makes it a perfect fit to be used as a preservative in the food sector. Rising awareness for waste water treatment operations throughout the globe is also propelling the market growth.

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The product seeks maximum growth opportunities in Asia Pacific due to growing food and beverage consumption in the region. The food grade sodium pyrosulfite market is forecast to grow by over 5.5% CAGR till 2025, earning a revenue over 6.5 USD million. The growth is attributed to growing population which will lead to increased consumption of packaged food along with increasing food products trades and increasing awareness of water treatment operations. However, on the other hand the global market growth might be hindered in future due to negative health impacts of the product.

Industrial grade is the most preferred grade in the sodium pyrosulfite market, and it is expected to grow in future at a CAGR of 5.2% owing to growing industrialization that will lead to increased applicability in various end user industries such as in leather industry, gas processing and water treatment operations. The product also functions as a bleaching agent being used in making paper pulp, cotton and wool.

Sodium pyrosulfite is majorly used in the leather industry which is even expected to increase in the upcoming years at a promising CAGR of 4.6% as a result of growing disposable income of people which has led to rise in preference of premium leather goods throughout the globe. Soaring operational costs and stringent labor regulations in Belgium, Germany, Italy, have shifted the leather industry to several Asian nations such as India, China, and South Korea, making the region the potential sodium pyrosulfite market hub in future.

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Asia pacific and Europe are the major regions propelling the sodium pyrosulfite market demand for packaged food products like appetizers and frozen meals that will subsequently increase the production capacity of sodium pyrosulfite in the region. Sifting consumer preferences towards more hygienic food packaging has accelerated the demand for preservatives and antioxidants. The product is used as a preservative in canned juices, dried foods etc. Europe’s food grade sodium pyrosulfite demand is supported by its growing bakery industry, where the product is used as a reducing agent in dough preparation.

The sodium pyrosulfite market is moderately fragmented due to the presence of huge players owing to its diversified application in a number of industries. Few players in the market are BASF SE, Aditya Birla Chemicals, Esseco LLC, Grillo-Werke to name some.

Browse key industry insights spread across 241 pages with 275 market data tables & 23 figures & charts from the report, “Sodium Pyrosulfite Market Size, By Grade (Food Grade, Industrial/Technical Grade, Photo Grade), By End-user (Food & Beverages, Water Treatment, Chemical & Pharma, Textile Industry, Leather Industry [Tanneries], Pulp & Paper, Photographic & Film), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

Table of Contents (ToC) of the report:
Chapter 5. Sodium Pyrosulfite Market, By End-user
5.1. Global market, end-user insights
5.2. Food & beverages
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast by region, 2014 – 2025
5.3. Water treatment
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast by region, 2014 – 2025
5.4. Chemical & pharma
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Market estimates and forecast by region, 2014 – 2025
5.5. Textile industry
5.5.1. Market estimates and forecast, 2014 - 2025
5.5.2. Market estimates and forecast by region, 2014 – 2025
5.6. Leather industry (tanneries)
5.6.1. Market estimates and forecast, 2014 - 2025
5.6.2. Market estimates and forecast by region, 2014 – 2025
5.7. Pulp & paper
5.7.1. Market estimates and forecast, 2014 - 2025
5.7.2. Market estimates and forecast by region, 2014 – 2025
5.8. Photographic & film
5.8.1. Market estimates and forecast, 2014 - 2025
5.8.2. Market estimates and forecast by region, 2014 – 2025
5.9. Others (mining industry, fibre industry, Etc.)
5.9.1. Market estimates and forecast, 2014 - 2025
5.9.2. Market estimates and forecast by region, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/sodium-metabisulfite-market

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