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sodium metabisulfite market will account for around 45% of the global industry share by 2025

12-04-2020 04:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market insights

The sodium metabisulfite market is predicted to expand from USD 326 million in 2018 to over USD 496 million by 2025, according to a 2019 Global Market Insights, Inc. report. In food industry the product is also known as E223. The Food and Drug Administration and European Union has approved the utility of sodium metabisulfite in the food industry as a food additive and is thus forecast to witness higher gains in upcoming years.

This consistent growth is also augmented by the rising awareness for effluent water treatment throughout the globe followed by surging demand in leather and textile industry from the Asian countries where the product acts as an auxiliary in bleaching and decalcification process as result of accessibility to premium raw material, economic growth, technological advancements and growing number of market players will stimulate sodium metabisulfite market growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3127

On the other hand, some of the crucial challenges hindering the sodium metabisulfite market growth are health issues associated with the chemical that can cause serious health hazards to human body including skin allergic reactions, dysfunctional gastrointestinal system and other chronic diseases. Moreover, availability of substitute products such as sodium bisulfite, sorbic acid, benzoic acid, citric acid, L-cysteine, etc. as a preservative might negatively affect market growth.

Sodium metabisulfite is marketed worldwide through its specific grades namely food grade, industrial grade and food grade. Despite the fact that all the grades have their own significance in one or the other end-use area, industrial grades holds the maximum sodium metabisulfite market share of around 90% in 2025 owing to growing use of this chemical compound as a bleaching and dechlorinating agent in several end industries. This growth is further complimented by introduction of new applications of the product in manufacturing of indigo vats dyes, cyanide detoxification etc.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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