Sodium Bisulfate Market Overview
Sodium Bisulfate Market is forecast to reach $1200 million by 2025, after growing at a CAGR of 5.1% during 2020-2025. Sodium bisulfate is white to yellow powder which is inorganic in nature. Sodium bisulfate is a sodium salt of bisulfate ion which is manufactured by neutralization of sulfuric acid using sodium chloride or sodium hydroxide. The surging uses of Sodium bisulfate across various applications such as metal finishing, food additive, and cleaning products drive the growth of this market. Furthermore, surging use of Sodium Bisulfate for the removal of heavy metals from industrial wastewater is also contributing to the growth of Sodium Bisulfate Market size during forecast period. Accelerating demand of Sodium Bisulfate from food industry as an additive also aids the market growth.
Rise in mining activities in the emerging country like Brazil and India raises the demand for Sodium Bisulfate.
Increasing environmental concerns and government restrictions augments the demand for Sodium Bisulfate for water treatment and bleaching process.
Decline in manufacturing activities and disruption of supply chain due to the outbreak of coronavirus has hampered the growth of the Sodium Bisulfate market.
Sodium Bisulfate Market Segment Analysis – By Grade
Based on the grade, technical grade segment holds the largest share of more than 45% in the Sodium Bisulfate market in 2019. The technical grade Sodium Bisulfate is a dry acid, which is readily soluble in water. In addition, SBS is the safest product to use for home and institutional pools and spas. Due this property of technical grade used across various applications like pool, spas, water treatment systems, as an acid using in metal finishing and as an ingredient in acidic cleaning formulations. Whereas, the growing water treatment systems and metal mining further propels the growth of this segment, which in turn drive the market growth.
Sodium Bisulfate Market Segment Analysis – By Application
Water Treatment segment holds the largest share of more than 35% in the Sodium Bisulfate market in 2019. Sodium Bisulfate cleans and adjusts the pH level of water. Furthermore, for effluent treatment of an alkaline substance Sodium Bisulphite is used. Efficacy and cost effectiveness compared to other water treatment chemicals such as Sodium Bisulphite and ferric sulfate are major factors driving the growth of the Sodium Bisulfate market. In addition, surging demand for freshwater pose an opportunity for the growth of Sodium Bisulfate 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 Bisulfate Market Segment Analysis – By End-Use Industry
Food & Beverage segment hold the largest share of more than 30% in the Sodium Bisulfate market in 2019. The growing food and beverage industry from developing country like China and India coupled with the growing population drive the growth of this market. As, Sodium Bisulfate is used as an acidulant in food processing and most recently in browning prevention of fresh-cut produce. According to The Association for Packaging and Processing Technologies (PMMI) 2018 Beverage Report, the North American beverage industry is expected to grow by 4.5% during 2018-2028. Sodium Bisulfate offers various benefits such as improved food safety by achieving a lower pH, reduced sodium content by enhancing the flavor of salt, and reduced time and temperature required in the thermal processes.
Sodium Bisulfate Market Segment Analysis – By Geography
Asia Pacific holds the largest share of more than 45% in the Sodium Bisulfate market in 2019 owing to the large consumer base, presence of emerging countries, rapid industrialization & urbanization, rising per capita income of the individuals, and the availability of low-cost labor. Asia-Pacific is also projected to have fastest growth, owing to rapidly developing infrastructure as a result of growing industry base as a shifting of global manufacturing base in the region and, government initiatives in developing nations such as China, and India in this region.
Sodium Bisulfate Market Drivers
Increasing usage of Sodium Bisulfate in food & beverages
Sodium Bisulfate acts as a sequestrate that forms chelate complexes with polyvalent metal ions, especially copper, iron and nickel, and prevent the oxidation of the fats in the food. According to Flexible Packaging Association (FPA), Flexible Packaging is the second largest packaging segment in the U.S., garnering about 19 percent of the $170 billion U.S. packaging market as of June 2019 and largest market for flexible packaging is food (retail and institutional), accounting for about 59 percent of shipments. In addition, Food and Agriculture Organization’s (FAO) estimated that the demand for food will grow by 60% by 2050. Growing demand for packaged foods due to health concerns and changing lifestyle of the consumers is expected to drive the growth of the Sodium Bisulfate market during the forecast period.
Growing metal mining activities
The mining and metals industry is recovering from one of its most difficult periods in decades. According to the USGS National Minerals Information Center, the U.S. mines produced an estimated $82.2 billion of raw mineral materials in 2018 that is a 3% increase over the revised total of $79.7 billion in 2017. As, Sodium Bisulfate is the major component in dry acid bath formulations for metal cleaning typically used for pickling, scale removal, rust removal, and etching. Thus, the growth in the metal mining activity worldwide also drive the growth of this market. According to United States Geological Survey, in 2017, domestic gold mine production was estimated to be about 245 tons, 10% more than that in 2016, and the value was estimated to be about $9.9 billion. Increase in mining activities and demand of gold for Jewellery and dentistry also boost the demand for Sodium Bisulfate.
Sodium Bisulfate Market Challenges
Harmful effects of Sodium Bisulfate on human body and presence of other alternatives
According to the OSHA Hazard Communication Standard (29 CFR 1910.1200) Sodium bisulfate is considered hazardous. Sodium bisulfate is harmful if swallowed in large amounts causes’ serious eye irritation, may cause respiratory irritation, and may be harmful. For instance, if sodium bisulfate gets in eyes there may be decreased vision, eye pain, eye redness, and tearing. In addition, presence of alternatives such as sodium Bisulphite and ammonium thiosulphate, solutions which has better efficiency, restraints the market growth of Sodium Bisulfate. Thus, the harmful effects of sodium Bisulfate and presence of other alternatives acts as a restraining factor to the market growth.
Emergence of COVID-19
The outbreak of COVID 19 has hampered the growth of Sodium Bisulfate market. The supply chain disruption and closure of manufacturing units due to coronavirus pandemic has negative impact to the market growth. In addition, decrease in purchasing capital impacted the growth of food, agriculture, and mining industries further affecting the growth of the Sodium Bisulfate market.
Sodium Bisulfate Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Bisulfate market report. In 2019, the market of Sodium Bisulfate has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the Sodium Bisulfate market are Grillo Zinkoxid Gmbh, Airedale Chemical Company Limited, Jones-Hamilton Co., Tangshan Sanjiang Chemical Co. Ltd., Jones-Hamilton Co., Mistral Chemicals, Hydrite Chemical Co., Surpass Chemical Company, Inc., Weifang Taida United Chemical Co. Ltd., INEOS Calabrian Corp., and Avantor Performance Materials, among others.