Kraft Chemical Company, Recochem Inc, Chongqing Chuandong Chemical (Group) Co., Ltd., TKI Hrastnik d.d., Weifang Huabo Chemical Co., Ltd., and Hubei Xingfa Chemicals Group Co., Ltd., among others, are the major players in the global sodium hexametaphosphate market.
The global sodium hexametaphosphate market is expected to grow at a CAGR of about 4% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing awareness about environment friendly industrial processes and the construction of industrial water treatment plants.
The demand for sodium hexametaphosphate is expected to rise in various developing and developed countries over the forecast period. Consumer habits have shifted recently, resulting in a significant increase in the consumption of bakery products and functional foods. Manufacturers are delivering high nutritional value products and long-lasting food and beverage items to cope with this transition. The food industry frequently requires ingredients that can act as emulsifiers, thickeners, or texturisers, which boosts the sodium hexametaphosphate industry even more. The usage of sodium hexametaphosphates in detergents, cleaners, and the production of titanium dioxide is also increasing worldwide.
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During the forecast period, Asia Pacific is expected to account for a significant share in the global sodium hexametaphosphate market. The increasing food and beverage sector in Asia Pacific countries is driving the market for sodium hexametaphosphate. The food and beverage sector is booming in the region’s developing nations, owing to the rising disposable incomes, growing middle class population, and increased demand for processed foods. The growth of the sodium hexametaphosphate industry in the Asia Pacific is closely linked to the expansion of the region's petroleum and chemical industries.
Headquarters: Melrose Park, Illinois, United States
Kraft Chemical is a supplier of ingredients used in a large variety of applications. The company has extensive product offerings, technical services, support, and a qualified sales team ready to deliver smart solutions. The products offered by the company include cosmetics, personal care products, medium-chain triglycerides, organic products, food industry products, and speciality industrial products, among others.
Headquarters: Montreal, Canada
Recochem is a Canadian-based privately held company. The Recochem Group of companies covers the spectrum of chemical industry activities: the company is a producer, formulator, trader, contract packager, and wholesaler of chemical products. The company's capabilities include category management, private label manufacturing, liquid storage facilities, production and distribution. The company specialises in coolants, windshield washer fluid, diesel exhaust fluid, and household solvents, among others.
Headquarters: Chongqing, China
Chongqing Chuandong Chemical (Group) Co., Ltd. has more than 60 years of chemical production history. The company has five production bases in Chongqing, Sichuan, Guizhou, and Guangxi. Their main products are phosphate, formate, and fine chemicals like chemical reagents, pharmaceutical intermediates, and electronic chemicals. Their products are mainly sold to more than 20 domestic provinces and cities and exported to Europe, Japan, America, South Korea, and the countries and regions in Southeast Asia. The company's main product, sodium tripolyphosphate, has established and consolidated the dominant position in the ceramic market of China with its advantages in quality and reputation.
Headquarters: Hrastnik, Slovenia
TKI Hrastnik's business includes the development, production, and processing of basic industrial chemicals, fine chemicals, and manufacturing of products for retail trade. Environmental policy and major accident prevention policy (MAPP) are an essential part of the company's management. The company specialises in consumer goods, basic chemicals, industrial cleaning agents, textile auxiliaries, food additives, and water treatment products, among others.
Headquarters: Yichang, China
Xingfa Group is the largest migrant enterprise in the Three Gorges reservoir area, the largest manufacturing enterprise of fine phosphorus products in China, and the largest manufacturing enterprise of sodium hexametaphosphate in the world. The company has over 50 leading products, including food grade products, tech grade products, pharmaceutical grade products, electronic grade products, and has an annual capacity of 1.5 million tons. More than 50% of the company's leading products are exported to 35 countries and regions, including Asia, America, Europe, and Africa, among others.
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