Sodium Sulphite Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Published on : Sep-2020 | List of Tables : 90 | List of Figures : 98 | No. of Pages : 170 | Report Code : FACT1365MR |

Global Sodium Sulphite Market Overview

The global sodium sulphite market has witnessed a slow CAGR of 1.1% over the past half-decade. During these years, a major portion of sodium sulphite sales were concentrated in the paper & pulp Industry, with a market share of up to 35%, owing to its utilisation as a dissolving agent in the semi-chemical & acid sulphite pulping process.

The water treatment industry is anticipated to hold a sustainable share of nearly 20% of the sodium sulphite market, attributed to the recycling of waste water and other water systems. Along with its use in the paper and water treatment industry, sodium sulphite is also used as a scavenger in high pressure & medium pressure steam boilers to prevent uncertain functioning, such as caustic embrittlement. Industrial grade sodium sulphite has covered nearly 70% of the market share, and has maintained its supremacy in the market, attributed to high end-use consumption such as chemical intermediates, oil & field recovery, bleaching, etc.

Sodium Sulphite Market Insights by Product

The global sodium sulphite market has products on the basis of application. Amongst the applications, the water treatment industry is surging, owing to its utilisation as a de-chlorinating agent, oxygen reducing agent, scavenging agent, etc.

Sodium sulphite product classification is also based on different grades, such as food grade, technical grade, purity grade, and photographic grade, depending on the use. Rising demand for technical grade in the water treatment industry is driving the expansion of the sodium sulphite market size, globally. Continuous consumption of technical grade sodium sulphite in industrial applications such as de-chlorinating agents, oxygen reducing agents, etc., is expected to drive market growth at a high CAGR over the forecast period of 2020 to 2030.

Food grade preservatives have observed continuous consumption in the food industry with respect to maintaining potency in food and quality. The preservatives segment is expected to rise at a moderate pace during the assessment period.

Sodium Sulphite Market Insights by Application

As per historical analysis, sodium sulphite market consumption is mostly in the pulp & paper industry. Sodium sulphite is used in Kraft’s process, which dissolves the pulp required to produce paper. There is also increasing demand as a dissolving intermediate in the sulphate process. The market application of dissolving agent is anticipated to expand at a nominal pace over the coming years.

Attributed to its reducing properties, sodium sulphite is commercially used as a preservative in the food industry to prevent the fast deterioration of food. This application use of sodium sulphite as a reducing agent may be regarded as the epicentre of growth. Increasing demand for preservatives in packaged food, pharmaceuticals, and cosmetics is fuelling the sodium sulphite.

Regional Outlook of Sodium Sulphite Market

sodium sulphite market regional analysis

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East Asia and South Asia are dominating regions and account for a majority of the sodium sulphite market share amongst all the prominent regions. Europe has been observed as the most stable market, owing to the production of technical & purity grade that is widely used in various industries, as a result of well-developed production technology in countries such as Germany, Belgium, etc. However, the United States Food and Drug Association department has banned the product as a preservative, which is set to decline overall demand in the region of North America. Meanwhile, MEA & Latin America are involved in innovation for sodium sulphite to be utilised in multiple ways, such as in oil refineries, pharmaceuticals, etc., owing to the rising demand for sodium sulphite as a reducing agent from chemical industries.

Sodium Sulphite Market: Key Strategies

sodium sulphite market competition analysis

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The global sodium sulphite market is totally fragmented in nature, where some of the key players hold a major portion of the market. BASF, Ineos Calabrian, Solvay Minerals Inc., Guangdi Chemicals, Rongde Chemicals, Kayon Chemicals, and Hemani Group are key players in the sodium sulphite market. However, due to declining demand and government restrictions, the market has remained sluggish since 2018.

COVID-19 Impact on Sodium Sulphite Market

The COVID-19 pandemic has affected production due to imposed lockdowns and disturbances in demand-supply. The present coronavirus pandemic is having a significant impact on the market in FY2020. Force majeure of the production units of sodium sulphite across regions is set to hurt the stance of the global market. However, reopening of paper and pulp industries across regions, post lifting up of lockdowns, will spike demand back to the normal state. Normal growth of the market is expected to be observed from mid-2021 onwards.

The Analyst’s Viewpoint

“The water treatment industry is set to create sustainable demand for sodium sulphite over the coming years.”

Sodium Sulphite Market: About the Report

Fact.MR published an exclusive forecast report on the sodium sulphite market for 2020 and 2030. The foremost objective of this report on the sodium sulphite market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the sodium sulphite market. Also, the study on the sodium sulphite market addresses key dynamics that are expected to diversify the sales and future prominence of sodium sulphite.              

The report on the sodium sulphite market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the sodium sulphite market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the sodium sulphite market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for sodium sulphite. Supply chain analysis and pricing analysis of the sodium sulphite market along with the difference between sodium sulphite used as per application have also been included in the report, to help readers clearly understand the product framework map in the sodium sulphite market.

Global Sodium Sulphite Market: Scope of the Report

A recent study by Fact.MR on the global sodium sulphite market offers a 10 year forecast for 2020 and 2030. The study analyses crucial trends that are currently determining the growth of the global sodium sulphite market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of sodium sulphite. The study also provides the dynamics that are responsible for the future status of the global sodium sulphite market.

A detailed assessment of sodium sulphite value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the global sodium sulphite market along with their production capacity analysis enhances the reliability of this comprehensive research study.

Sodium Sulphite Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the global sodium sulphite market across the globe.

A comprehensive estimate on the sodium sulphite market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of sodium sulphite during the forecast period. Price point comparison by region with global average price is also considered in the study.  

Sodium Sulphite Market: Segmentation

Fact.MR has studied the global sodium sulphite market with detailed segmentation on the basis of grade, application, end use, and region.

Grade

Application

End Use

Region

Industrial

Dissolving Agents

Pulp & Paper Industry

North America

Food

De-chlorinating Agents

Water Treatment Industry

Latin America

 

Preservatives

Food & Beverages

Europe

 

Oxygen Scavengers

Cosmetics

East Asia

 

Photographic Films

Pharmaceuticals

South Asia & Oceania

 

Chemical Intermediates

Others

Middle East and Africa (MEA)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Sodium Sulphite Market: Analysis on Market Size Evaluation

The global sodium sulphite market has been analysed for each market segment in terms of value (US$ Mn) and volume (Tons).

Market estimates at global and regional levels for global sodium sulphite are available in terms of “US$ Mn” for value and “Tons” for volume. A Y-o-Y growth contrast on prominent global sodium sulphite market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute $ opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global sodium sulphite market.

Sodium Sulphite Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the global sodium sulphite market report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of global sodium sulphite market during the forecast period.

Country-specific valuation on demand for sodium sulphite has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of dynamics of prominent regions. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging regions has also been included in the report.

Sodium Sulphite Market: In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers in the global sodium sulphite market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of sodium sulphite has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the global sodium sulphite market. Prominent companies operating in the global sodium sulphite market are BASF, Ineos Calabrian, Rongde chemical, Solvay Minerals Inc., Guangdi Chemicals, Hemani Group, Kayon Chemicals, etc.

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Sodium Sulphite Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030