Sodium Bisulphite Market Overview:
The Sodium Bisulphite Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Sodium Bisulphite Market, as well as the causes for variances in the industry’s growth in different regions.
The Sodium Bisulphite Market size was valued at US$ 410 Mn. in 2020 and the total revenue is expected to grow at 4.1% through 2021 to 2027, reaching nearly US$ 543 Mn. by 2027
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
By Grade, the sodium bisulphite market is segmented into food grade, technical grade, industrial grade, and others. The industrial-grade segment holds the major share of more than 45% in the Sodium Bisulphite market thanks to it’s highly used as a bleaching or antichlor agent in paper industries as it reduces the natural element that causes the paper to brown, from the wood pulp, and increase the brightness of paper.
By Application, the market is segmented into, food additive, bleaching agent, water treatment is further segmented into (boiler, paper and pulp, municipal, textile, and others), antichlor, reducing agent, and others. The Water Treatment segment holds the largest share of more than 25% in the sodium bisulphite market in 2020. Sodium bisulphite is largely used for the removal of free chlorine and as a biostatic in water treatment plants.
By End-use Industry, the market is segmented into, food & beverage, water, and wastewater treatment, textile, paper & pulp, leather, pharmaceuticals, mining, film and photography, and others. The Food & Beverage segment held the major share of more than 30% in the sodium bisulphite market in 2020.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Sodium Bisulphite Market are as follows:
• BASF SE
• Aditya Birla Chemicals
• Esseco USA LLC
• Seidler Chemical Co.
• Shandong Kailong Chemical Technology Development Co. Ltd.
• Tangshan Sanjiang Chemical Co. Ltd.
• Grillo-Werke AG
• Solvay S.A.
• Hydrite Chemical Co.
• Surpass Chemical Company, Inc.
• Weifang Taida United Chemical Co. Ltd.
• INEOS Calabrian Corp.
• Santa Cruz Biotechnology
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Sodium Bisulphite Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Sodium Bisulphite Market:
End-user industries where Sodium Bisulphite Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Sodium Bisulphite Market manufacturers, influencing the development of the Sodium Bisulphite Market in 2020. End-user business demand for Sodium Bisulphite Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Sodium Bisulphite Market Report are:
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In 2021, which segment held the highest proportion of the Sodium Bisulphite Market?
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What is the Sodium Bisulphite Market’s competitive landscape?
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What are the primary drivers assisting the Sodium Bisulphite Market growth?
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Which region has the most market share in the Sodium Bisulphite Market?
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What will be the Sodium Bisulphite Market’s CAGR throughout the projected period?
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