The global sodium hexametaphosphate market was valued US$ 1.40 Bn and is expected to reach US$ X.36 Bn by 2027, at a CAGR of 4.23% during the forecast period. Demand for high-quality water and hygiene concern across the globe is contributing in the market demand; approximately 40 to 45% of market share is acquired by water treatment industries.
Global Sodium Hexametaphosphate Market
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global sodium hexametaphosphate market Definition:
Sodium hexametaphosphate abbreviated as SHMP which is hexamer of composition (NaPO3)6. It is a white crystal-like odourless chemical compound. SHMP is water soluble polyphosphate glass, mainly consist of polyphosphate chain length. Its high degree of solubility making it prominent from other sodium phosphates. Sodium hexametaphosphate is a combination of polymeric metaphosphates and is available in numerous form such as granular, powder and glassy.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
global sodium hexametaphosphate market Drivers and Restraints:
High-tech development and advancement in method of manufacturing process in developed and developing countries are driving the growth of sodium hexametaphosphate market globally. Escalation in the growth of food and beverages industry across the globe is likely to increase the demand for targeted market throughout the forecasted time span. Growing concern and awareness about eco-friendly manufacturing procedures and upsurge in industrial development of water treatment plants is considered as a key factor driving the demand for sodium hexametaphosphate will simultaneously help the global SHMP market to grow in near future. As, this offers broad range of application in the black and red water control as it is a sequestrate alkali metals and making this product poplar in water treatment plants and thus, encouraging progress of the global SHMP market.
Also, the request for sodium hexametaphosphate in the production of cleanser and detergents together with titanium dioxide is leading the demand for the targeted material across the globe. Similarly, trend towards personal hygiene and increasing use of consumer products which contain sodium hexametaphosphate is assessed to drive the sodium hexametaphosphate market. Also, application of sodium hexametaphosphate as an emulsifier in food and beverages sector expected to record noticeable growth, where sodium hexametaphosphate is broadly utilised and covering market value with significant growth of US$ XX Bn. In terms of market share APAC was valued US$ XX Bn with considerable CAGR of XX%.
However, limitations of raw materials and presence of substitutes in the market is estimated to pull the market growth in the coming years.
global sodium hexametaphosphate market Segment analysis:
By application segment, detergents sub segment is expected to dominate the sodium hexametaphosphate market during the forecast years. Available large chain for the business will require high amount of sodium hexametaphosphate based products, is expected to help the market growth. Since, laundry cleaning market have extensively played a vital role and attracting the applicant to use the sodium hexametaphosphate based products, have shaped the changes that have occurred in surfactant technology over the base year. Easy solubility and stability of materials under normal condition making this product prominent in the detergent and cleanser manufacturing industries, owing to the increasing consumer demand for detergents and cleanser product, nearly, 45% of market is acquired by detergent and cleaner segment.
global sodium hexametaphosphate market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the sodium hexametaphosphate market with an expected growth at a CAGR of XX % during the forecast period. Advancement in machinery in Asia Pacific region is boosting the market growth, especially India and China have documented as the major contributor as awareness toward personal hygiene in this region is very high thus, helping in market growth. In 2019 market size was valued US$ XX Bn while in India, market size was valued US$ XX Bn and expected to increase by US$ XX Bn in the coming years. In the year of 2019, approximately 40% of market is acquired by Asia Pacific region and expected to grow constantly in future.
The objective of the report is to present a comprehensive analysis of the Global Sodium Hexametaphosphate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Sodium Hexametaphosphate Market dynamics, structure by analysing the market segments and project the Global Sodium Hexametaphosphate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sodium Hexametaphosphate Market make the report investor’s guide.
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Global Sodium Hexametaphosphate Market, By Form
• Granular or Flaky
• Glass Plates
Global Sodium Hexametaphosphate Market, By Application
• Titanium Dioxide Production
• Water Treatment Formulations
• Detergents & Cleaners
• Food Additives
• Water Softening
Global Sodium Hexametaphosphate Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Sodium Hexametaphosphate Market,
• Aditya Birla Chemicals
• Chuandong Chemical
• ICL Performance Products
• Xingfa Group
• Chengxing Group
• Norwest Chemical
• Nandian Chemical
• Weifang Huabo
• Blue Sword Chemical
• Mianyang Aostar
• Kindia May
• Huaxing Chemical
• Tianrun Chemical
• Zhenhua Industry
• Tianjia Chemical
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