SODIUM METABISULFITE MARKET ANALYSIS

Sodium Metabisulfite MarketSize and Trends

Sodium Metabisulfite Market Outlook – Increasing Application the Food Industry to be the Major Market Driver  

Asia Pacific and North America are expected to be the most potential markets for sodium metabisulfite manufacturers. Asia Pacific market is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing food industry coupled with increasing population has boosted the growth of sodium metabisulfite market in the region. This trend is expected to be followed over the forecast period. According to U.S. Department of Agriculture Economic Research service, the U.S. food and beverage manufacturing industry employed over 1.5 million people in 2015. Over 34,000 food and beverage manufacturing plants are present throughout the region. According to IBEF India, the Indian Personal care products market is expected to reach total revenue of US$ 20 billion by the end of 2025. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.

Extensive use of sodium metabisulfite in food industry has boosted the growth of sodium bisulfite market, especially in Asia Pacific and Middle East regions. Product plant expansion, developing innovative portfolio are some of the key strategies adopted by the top players in the global sodium metabisulfite market. In 2011, Aditya Birla Chemicals acquired its major competitor, the Chloro Chemicals Division of Kanoria Chemicals based in Renukoot. This will enhance the portfolio of the Aditya Birla Chemicals Business. With this acquisition, the Aditya Birla Chemicals Business ranks as one of the leading players in the chlor-alkali segment in India and has added 129,000 TPA to the existing caustic manufacturing capacity of 105,000 TPA. Some of the major companies operating in the global sodium metabisulfite market include BASF SE, Shandong Kailong Chemical Technology Development Co. Ltd, Solvay, Aditya Birla Chemicals, The Dow Chemical Company, Evonik Industries, Arkema, Qingdao Tianya Chemical Co., Ltd, Hans Chemicals Pvt. Ltd. and Ultramarine India Pvt. Ltd.