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Global Sodium Hexametaphosphate Market to Grow at CAGR of 4% During 2021-2026, Aided by the Rising Application in the Food Industry

According to a new report by EMR titled, ‘Global Sodium Hexametaphosphate Market Report and Forecast 2021-2026’, the global market for sodium hexametaphosphate is expected to grow at a CAGR of about 4% in the forecast period of 2021-2026.

The market for sodium hexametaphosphate is being driven by the rising demand for the product from the food industry. Sodium hexametaphosphate can be used in canned foodstuffs, fruit juice drinks, dairy products, and soy milk to enhance the food quality. It could be used as Ph changing agent, metal ion chelates agent, adhesive, and bulking agents. Recent lifestyle modifications in consumers have also led to a significant growth in the consumption of cakes and functional foods that are easily accessible via local and global retailers like Walmart, Tesco, Amazon, and others. Manufacturers are offering food and drinks with extended shelf lives and high nutritional value in order to address this change. The food industry extensively needs components that can act as emulsifiers, thickeners, or texturing agents, which is aiding the growth of the sodium hexametaphosphate industry.

In terms of sales, the Asia Pacific is expected to account for a significant share of the market in the coming years. This can be attributed to the growing demand in the Asia Pacific for sodium hexametaphosphate from the food and drink and water treatment industries. The rising global demand for detergents, in which sodium hexametaphosphate finds extensive application, is also expected to catalyse the market growth further. Sodium hexametaphosphate is also witnessing a rising demand across industries in the production of titanium dioxide, water treatment products, food additives, and for water softening, among others.

Market Analysis by Grade, Form, Application, End-Use, and Region:

  • The grades of sodium hexametaphosphate can be divided into food grade and technical grade.
  • The forms of sodium hexametaphosphate can be divided into granular, glass plates, and powder.
  • The applications of sodium hexametaphosphate include detergents and cleaners, titanium dioxide production, water treatment formulations, food additives, and water softening, among others.
  • The product finds its end-uses in the food and beverage, chemical, paper, and petroleum industries, among others.
  • The major regional markets for sodium hexametaphosphate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising application of the product in the food and beverage industry is aiding the market growth.
  • The rising construction of industrial water treatment plants is also propelling the industry growth.
  • The rising awareness about environmentally friendly industrial processes among the consumers is further catalysing the growth of the industry.
  • The demand is rising globally for the use of sodium hexametaphosphates in detergents, cleaners, and in the production of titanium dioxide.
  • The rising demand for processed and convenient food among consumer with higher disposable incomes is expected to further propel the industry forward.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sodium hexametaphosphate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the grades, forms, applications, end-uses, and major regions of sodium hexametaphosphate.
  • It also provides detailed regional price trends of the product for the periods (2016-2020) and (2021-2026).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global sodium hexametaphosphate market are Kraft Chemical Company, Recochem Inc., Weifang Huabo Chemical Co., Ltd., Chongqing Chuandong Chemical (Group) Co., Ltd., TKI Hrastnik, d.d., and Hubei Xingfa Chemicals Group Co., LTD, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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