Sodium Bisulphite Market - Forecast(2024 - 2030)
Sodium Bisulphite Market Overview
Furthermore, surging use of Sodium Bisulphite as disinfectant, and antioxidant in cosmetics and personal care products further fuels the market growth.
This trend signifies a growing awareness and recognition of sodium bisulphiteâs versatile properties in the beauty and personal care industry. The surge in the use of sodium bisulphite as a disinfectant and antioxidant is particularly notable. Cosmetics and personal care product manufacturers are incorporating sodium bisulphite into formulations to enhance product stability, extend shelf life, and provide antioxidant benefits. This reflects a broader consumer demand for products that not only contribute to personal care but also emphasize safety and longevity.
As consumers become more conscious of the ingredients in their beauty and personal care items, sodium bisulphiteâs role as a disinfectant and antioxidant aligns with the industryâs evolving preferences. The market growth is, therefore, propelled by the dual benefits of sodium bisulphite, addressing both cosmetic formulation needs and consumer expectations for safe and effective personal care products. This trend indicates a positive trajectory for sodium bisulphite in the cosmetics and personal care sector, contributing significantly to the overall market expansion.
Sodium Bisulphite Market Report Coverage
The report: âSodium Bisulphite MarketâââForecast (2024â2030)â, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Bisulphite Industry.
By Grade: Food Grade, Technical Grade, and Others
By Application: Food Additive, Bleaching Agent, Water Treatment (Boiler, Paper and Pulp, Municipal, Textile, and Others), Antichlor, Reducing Agent, and Others
By End-Use Industry: Food & Beverage, Water and Wastewater Treatment, Textile, Paper & Pulp, Leather, Pharmaceuticals, Mining, Film and Photography, and Others
By Geography: North America, South America, Europe, APAC, and RoW
The increase in research and development in new drug formulation has triggered the market demand of Sodium Bisulphite in the pharmaceutical industry.
Decline in manufacturing activities and disruption of supply chain due to the outbreak of coronavirus has hampered the growth of the Sodium Bisulphite Market.
Increasing adoption of UV technologies and RO filtration lower the demand of Sodium Bisulphite from wastewater and sewage treatment plants.
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Sodium Bisulphite Market Segment AnalysisâââBy Grade
Based on the grade, industrial grade segment holds the largest share of more than 45% in the Sodium Bisulphite Market in 2023. Sodium Bisulphite of industrial grades are used as bleaching or antichlor agent in paper industries as it reduces the natural element that causes paper to brown, from the wood pulp, and increase the brightness of paper. Owing to various environmental benefits, demand for paper and pulp is increasing which in turn augments the growth of the Sodium Bisulphite Market. For instance, the global consumption of paper and cardboard was approximately 414.19 million metric tons in 2022. Also, global import value of pulp grew by $10,019 million reaching approximately $70,274 million in 2022, according to International Trade Centre.
Sodium Bisulphite Market Segment AnalysisâââBy Application
Water Treatment segment holds the largest share of more than 25% in the Sodium Bisulphite Market in 2023. Sodium Bisulphite is commonly used for the removal of free chlorine and as a biostatic in water treatment plants. Sodium Bisulphite reduces free chlorine to form sodium bisulfate (NaHSO4) and hydrochloric acid (HCl). Efficacy and cost effectiveness compared to other water treatment chemicals such as ferric sulfate are major factors driving the growth of the Sodium Bisulphite Market. In addition, surging demand for freshwater pose an opportunity for the growth of Sodium Bisulphite Market. According to the Organisation for Economic Co-operation and Development, freshwater demand is projected to increase by 55% globally between 2000 and 2050, significantly aiding the market growth.
Sodium Bisulphite Market Segment AnalysisâââBy End-Use Industry
Food & Beverage segment holds the largest share of more than 30% in the Sodium Bisulphite Market in 2023. A significant rise in per capita consumption of packaged food and beverages, is likely to have a major impact on the demand for Sodium Bisulphite because Sodium Bisulphite is used as a preservative and as a steeping agent. According to The Association for Packaging and Processing Technologies (PMMI) The U.S. beverage market is projected to experience a Compound Annual Growth Rate of 5.2% until the year 2025. Whereas, Food grade Sodium Bisulphite is commonly used as a preservative in food manufacturing processes and also used in the manufacturing of paper intended for direct food contact applications.
Sodium Bisulphite Market Segment AnalysisâââBy Geography
Asia Pacific has dominated the Sodium Bisulphite Market with a share of more than 45% in 2023 followed by North America and Europe. Population growth combined with rapid industrialization and high disposable income are driving the growth of Sodium Bisulphite Market in APAC region. Sodium Bisulphite are used in textile and leather industries as a bleaching agent for strain removal, brightening, and improving the quality of fabric. Increasing demand for apparel, growing fashion trends, and flourishing textile industries across the country is aiding the growth of the market. According to the Indian Brand Equity Foundation (IBEF), In 2022, Indiaâs textile and apparel exports, including handicrafts, amounted to US$ 44.4 billion, reflecting a significant year-on-year growth of 41%., this may fuel the demand of Sodium Bisulphite for the bleaching process.
Sodium Bisulphite Market Drivers
Growing uses for wastewater treatment
Sodium Bisulfite is primarily used for water treatment to remove excess chlorine in drinking water. According to UN, In 2022, 2.2 billion people still lacked safely managed drinking water, including 703 million without a basic water service. Sodium bisulphite is globally used as a water softener which neutralizes the harmful bacteria present in water. The imperative need for safe water across the world is driving key players in the market to expand their operations and provide water treatment. The need for safe drinking water will lead to increased opportunities in the global sodium bisulfite market.
Sodium Bisulphite is used externally for parasitic skin diseases and as gastrointestinal antiseptic. Accelerating use of Sodium Bisulphite as an excipient to medications in order to prevent the oxidation of adrenaline augments the growth of the market. Moreover, technology advancements and governmentâs spending on healthcare is expected to drive the growth of Sodium Bisulphite Market during forecast period. For instance, The Australian 2023â24 Budget allocates a landmark $6.1 billion for the enhancement of Medicare, aimed at revitalizing primary healthcare. Additionally, it earmarks an extra $2.2 billion for new and revised listings on the Pharmaceutical Benefits Scheme (PBS). The health system in Algeria has witnessed improvement in health indicators, attributed to the increased allocation of the state budget to the health sector, constituting 5.2% of the GDP. Over the past decade, the government has dedicated US $28 billion to support these advancements. Also, U.S. health care spending grew by 4.1 percent in 2022, reaching $4.5 trillion.
Sodium Bisulphite Market Challenges
Harmful effects of Sodium Bisulphite on human health
Exposure to sodium bisulfite solution cause irritation to the skin, eyes, and respiratory tract. Breathing sodium bisulfite solution vapor may aggravate asthma or other pulmonary (breathing) diseases and may cause headaches, breathing difficulties, or heart irregularity from sulfur dioxide (SO2) exposure. Thus, the harmful effects of sodium bisulfite acts as a restraining factor to the market growth. Additionally, the adoption of U.V technologies and RO water filtration whose purification efficiency is higher than Sodium Bisulphite hampers the growth of the market. Thus, an alternative dechlorination treatment system to replace Sodium Bisulphite (SBS), reduce the usage of chlorination, and achieve a chemical-free dechlorination process acts as a restraint for the market growth.
The Covid-19 proved to be a major challenge for the growth of the Sodium Bisulphite Market. Self-isolation rules have resulted in short supply and event cancellations. Many industries are shuttered due to lack of manpower. The apparel industry body Clothing Manufacturers Association of India (CMAI) has estimated that if no assistance comes from government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Decrease in purchasing capital has slowed the growth of textile, paper & pulp, and mining industries which in turn hampered the demand for Sodium Bisulphite.
Sodium Bisulphite Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Bisulphite market. The key players in the Sodium Bisulphite market include
2. Aditya Birla Chemicals
4. Grasim Industries Ltd.
9. KANTO CHEMICAL CO., INC.
In Nov 2023, Esseco Groupâs acquired WATGRID which boosted the sodium bisulphite market by optimizing winemaking with AI. This enhances efficiency, offers predictive analysis in wine production, and reduces reliance on traditional methods, driving market growth, as sodium bisulphite, is commonly used for preservation and stabilization.
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