Global Sodium Sulfite Market, By Product Type (Powder, White Crystal, Liquid), Application (Food & Beverage, Paper & Pulp, Textile, Photography, Chemical, Pharmaceutical) & Region- Key Manufacturers, Analysis, Growth Trends, and Forecast

The Global Sodium Sulfite Market was valued at USD 367.39 million in 2018, and is expected to grow at a CAGR of 3.37% between 2019 and 2026. The global sodium sulfite market is segmented on the basis of product type, Application and region, with focus on manufacturers in North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Growing wine industry is expected to propel the market during the forecast period. Sodium sulfite has anti-fungal and anti-oxidant properties. Sulfites are naturally released in wine during the fermentation process but it is not sufficient to maintain the color and flavor of the wine for a longer time. Therefore, it is widely used in wine as a preservative to help maintain its freshness. Fermented beverages such as beer and wine are a tastier and healthier alternative to hard liquor. Red wine offers various health benefits such as protection against heart diseases by controlling blood pressure, blood sugar and cholesterol levels, protection against cancer and visual impairment. It also prevents ageing of skin. Therefore, growing health concerns have led to increasing consumption of wine, which drives the demand for sodium sulfite.

On the contradictory, sulfite sensitivity is anticipated to pose a challenge for market growth. Sodium sulfite is widely used in the food industry as a preservative, flavoring agent, or a food colorant. Intake of sulfite containing foods such as dried fruits, dried vegetables, bottled soft drinks, snack, wine and other food products can cause abdominal pain and diarrhea in some individuals. Chronic asthmatics are highly sensitive to sodium sulfite. Individuals who are non- asthmatics can tolerate up to 5ppm of sulfite concentrations. FDA stated that food manufacturers producing food with sulfite content greater than 10ppm should clearly mention it on the food label. Illegal practices of adding sulfites to food still continue across many countries. Negligence in food safety can affect the authorized use of sodium sulfite in other food products too. This indirectly affects the sodium sulfite manufacturers as food industry is one of their major end use industries. Consumers can always take precautions by checking the food labels before buying any processed food containing sulfites. Sodium sulfite is also used in pharmaceuticals, cosmetics, textile, photography and other industries. Direct contact can cause skin irritation, eye irritation, giddiness, and nose & throat irritations. Therefore, it is important to wear personal protection equipment and clothing to ensure safe handling of sodium sulfite at workplace.

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The global sodium sulfite market is primarily segmented based on product type, application and region.

On the basis of product type, the market is split into

* Powder

* White Crystal

* Liquid

On the basis of application, the market is split into

* Food & Beverage

* Paper & Pulp

* Textile

* Photography

* Chemical

* Pharmaceutical

* Others

Moreover, the market is classified based on regions and countries as follows:

* North America- U.S., Canada, Mexico

* Europe- Germany, France, UK, Spain, Italy

* Asia-Pacific- China, Japan, India, South Korea

* South America- Brazil, Argentina

* Middle East & Africa- Saudi Arabia, UAE, South Africa

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Key Market Players

Key players profiled in the report includes:

Aditya Birla Chemicals
Thermo Fisher Scientific Inc.
Solvay
INEOS Group
BASF SE
American Elements
Avantor, Inc.
Esseco Group Srl
Mitsui Chemicals, Inc.
Southern Ionics Incorporated
Magna Chemical Pvt.Ltd
Hunan Yueyang Sanxiang Chemical Co., Ltd.
Nippon Soda Co., Ltd.
Parsulfite Chemical Company
Borden & Remington Corp.

These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.

Key Benefits of the Report:

* Global, and regional, Product Type & Application market size and their forecast from 2019-2026

* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing the growth of the market

* Detailed analysis on industry outlook with market specific PEST analysis, and Supply Chain to better understand the market and build expansion strategies

* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points

* Analysis on key player’s strategic initiatives and competitive developments, such as agreements & joint ventures, mergers & acquisitions, expansion, and new product launches in the market

* Expert interviews and their insights on market trends, market shift, current and future outlook, and factors impacting vendors’ short term & long term strategies

* Detailed insights on emerging regions, Product Type and Application with qualitative and quantitative information and facts

Target Audience:

* Sodium Sulfite Equipment & Technology Providers

* Traders, Importers, and Exporters

* Raw Material Suppliers and Distributors

* Research and Consulting Firms

* Government and Research Organizations

* Associations and Industry Bodies

Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data Food and Beverage, referring to verified data sources, such as, white papers, government & regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, Application trends & dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:

* Manufacturers

* Suppliers

* Distributors

* Government Body & Associations

* Research Institutes