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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.
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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.
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