Press release
Sodium ethyl p-hydroxybenzoate Market Expected to Expand at a Steady CAGR through 2028
Sodium ethyl p-hydroxybenzoate also known as p-hydroxybenzoic acid ethyl ester sodium salt. It is mainly used as a chemical additive in several applications in industries such as food & beverages and pharmaceuticals, among others. Sodium ethyl p-hydroxybenzoate is available in the form of granules, solid, and liquid. In addition, sodium ethyl p-hydroxybenzoate is a water-soluble chemical that can be used as an antiseptic in the pharmaceutical industry. Furthermore, sodium ethyl p-hydroxybenzoate can also be used in pharma applications such as herbal medicines, instrument sterilization, parent drug, etc. In addition, sodium ethyl p-hydroxybenzoate also helps prevent food deterioration caused by microorganisms that can be used as food additives in cooking. Sodium ethyl p-hydroxybenzoate is soluble in water, which enables its usage in several liquid & semiliquid food items such as dairy products, confectionery items, fruit juice, jelly, fruit beer, marmalades, etc. All these factors are expected to drive the sodium ethyl p-hydroxybenzoate market.
Global Sodium ethyl p-hydroxybenzoate Market - Dynamics
The global sodium ethyl p-hydroxybenzoate market is expected to grow significantly on the backdrop of the increase in consumption of food products such as fruit juice, jelly, etc. Sodium ethyl p-hydroxybenzoate is also expected to witness continuous demand due to the advantage of sodium as an essential mineral. Sodium ethyl p-hydroxybenzoate is used in the food industry for preserving the freshness of food items. Sodium ethyl p-hydroxybenzoate is also used in photographic applications, such as to wash-down fixers from photo films, to prevent designer solutions from oxidizing.
However, one of the important factors likely to restrain the growth of the global sodium ethyl p-hydroxybenzoate market is the presence of stringent laws regarding the usage of sodium in food. Moreover, the sodium ethyl p-hydroxybenzoate market is hampered due to the ban on sodium used in sodium ethyl p-hydroxybenzoate in several countries such as Australia, New Zealand, Philippines, etc., across the globe.
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Global Sodium ethyl p-hydroxybenzoate Market - Segmentation
The global sodium ethyl p-hydroxybenzoate market is segmented by application type and end use.
On the basis of application type, the global sodium ethyl p-hydroxybenzoate market is segmented into:
Food Preservation
Pharmaceutical Additive
Flavoring Agent
Others
On the basis of end use, the global sodium ethyl p-hydroxybenzoate market is segmented into:
Food & Beverages
Juices
Jams, Jellies, & Marmalades
Soft Drinks
Pickles
Syrups
Agriculture
Personal Care & Cosmetics
Pharmaceuticals
Other Industries
Global Sodium ethyl p-hydroxybenzoate Market – Regional Overview
The global Sodium ethyl p-hydroxybenzoate market is divided into seven major regions as follows:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America
Europe
EU–4 (Germany, France, Italy, Spain)
U.K.
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Japan
Asia - Pacific excluding Japan (APEJ)
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa (MEA)
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
The Asia Pacific region is expected to dominate the global sodium ethyl p-hydroxybenzoate market during the forecast period 2018-2028. The North America and Europe sodium ethyl p-hydroxybenzoate markets are expected to trace the Asia Pacific sodium ethyl p-hydroxybenzoate market, and are also estimated to register sluggish growth during the forecast period. The Latin America sodium ethyl p-hydroxybenzoate market is expected to witness growth as compared to the Middle East.
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Global Sodium ethyl p-hydroxybenzoate Market – Key Players
Some of the key players operating in the sodium ethyl p-hydroxybenzoate market are Jiancheng Chemical Industrial Co. Ltd.; LGC Limited; Shengxiao Chemicals Co., Ltd.; Capot Chemical Co., Ltd.; Toronto Research Chemicals Inc.; Advanced Technology & Industrial Co., Ltd.; and Ai Tuo Chemical Co., Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
A detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size regarding volume and value
Recent industry trends and developments
Competitive landscape
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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