NEWARK, Del, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The global sodium bisulphite market value is forecast to increase from US$ 662.6 million in 2023 to US$ 1,015.1 million by 2033. Over the assessment period, global demand for sodium bisulphite is projected to surge at a CAGR of 4.3%.
Industrial grade segment is expected to dominate the global sodium bisulphite industry through 2033. It is set to hold a volume share of 68.6% by 2023. On the other hand, the pharmaceutical grade segment will likely expand at a robust CAGR of 5.7% through 2033.
Growing awareness and emphasis on environmental sustainability have led to increasingly stringent regulations governing water treatment processes. Sodium bisulphite's effectiveness as a reducing agent and its ability to neutralize contaminants align with these regulations. This is making it a preferred choice for industries striving to meet and exceed environmental standards.
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The escalating global demand for efficient water treatment solutions, driven by expanding industrial activities and population growth, directly contributes to the increased sales of sodium bisulphite. Its versatile applications in purifying water and eliminating impurities position it as a key component in meeting the rising demand for effective water treatment solutions.
Sodium bisulphite's efficacy in neutralizing harmful contaminants, such as chlorine, in water treatment processes is a significant factor driving its sales. As industries seek reliable methods to ensure water quality and safety, the unique properties of sodium bisulphite make it a valuable asset in addressing these concerns.
Key Takeaways from the Report
- The global market for sodium bisulphite is projected to thrive at 4.3% CAGR through 2033.
- By grade type, industrial segment is expected to total a valuation of US$ 692.7 million by 2033.
- By end use, the water treatment segment is expected to account for a market share of 43.0% in 2023.
- North America is expected to account for a significant share of about 30.3% in 2033.
- The United States industry value is anticipated to reach US$ 232.8 million by 2033.
- China is projected to attain a valuation of US$ 164.5 million by 2033.
- Demand in India is predicted to rise at 7.8% CAGR through 2033.
“The sodium bisulphite market is poised to witness healthy growth due to escalating environmental regulations, expanding industrial sector, and increasing emphasis on improving water quality,” Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
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Competitive Landscape
Key players are focusing on expanding their domestic production to meet growing end user demand. They are also implementing different strategies, including mergers, facility expansions, partnerships, and distribution agreements, to boost their sales and solidify their market positions.
Key Companies Profiled
- Chemtrade Logistics
- BASF SE
- Hydrite Chemical
- Hawkins Inc.
- INEOS Group Ltd
- Grasim Industries Ltd
- Southern Ionics Inc
- TCP Analytical Holdings, LLC
- Solvay S.A.
- Merck KGaA
- LANXESS AG
- Acme Analytical Solutions
- Kaname Chemicals Co. ,Ltd
- Grillo-Werke AG
- Spectrum chemical
- Tangshan Huizhong Chemical Industry Co., Ltd
- Shandong Xinjiangye Chemical Industry Co., Ltd
- FENGCHEN GROUP CO., LTD
- Shanti Inorgochem
- Noah Chemicals
Recent developments:
- In 2021, Hawkins, Inc. acquired NAPCO Chemical Company, Inc. along with its affiliates.
- In May 2022, B.A. Industries obtained environmental clearance in Gujarat, India, for a chemicals plant that will produce 300 MT/month of sodium bisulphite for dyes and skin disease applications.
More Insights into the Sodium Bisulphite Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global sodium bisulphite market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033.
The study incorporates compelling insights on the sodium bisulphite market based on grade type (food grade, pharmaceutical grade, industrial grade) end use (water treatment, food and beverage, pharmaceutical, textile, pulp and paper, others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, Middle East and Africa)
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Sodium Bisulphite Market Segmentation by Category
By Grade Type:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
By End Use:
- Water Treatment
- Food and Beverage
- Pharmaceutical
- Textile
- Pulp and Paper
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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