Marketers Looking for Better Food Preservation Solutions
The upsurge in the demand of food additives and preservatives is likely to increase the demand for metasulphite. The food preservatives market across the globe is expected reach US$ 3.0 Billion by 2024, while the huge food processing industry is expected to create significant opportunities in the coming years.
Metasulphite does not hamper flavor of beverages and food products which is a prominent advantage of metasulphite where marketers opt for metasulphite over other preservatives. Moreover, the growing number of craft beer industries with more than 13% of growth rate over the next half-decade is projected to push the demand for metasulphite.
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Metasulphite Market: Market Segmentation
The metasulphite market is segmented into different parts based on the grade, types, end use industry and geography.
Based on grade, the metasulphite market is segmented into:
- Food Grade
- Technical Grade
- Photo Grade
Based on type, the metasulphite market is segmented into:
- Sodium Metasulphite
- Potassium Metasulphite
- Calcium Metasulphite
Based on end use industry, the metasulphite market is segmented into:
- Food Industry
- Textile Industry
- Paper Industry
- Fermentation Industry
- Mining Industry
- Other
Based on geography, the metasulphite market is segmented into:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Asia
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Market Leaders to Expand Production Capacities to Meet Increasing Demand from End Use Industries
Tier 1 companies in metasulphite market are likely to increase their production capacities in next few years to cater to the increasing demand for metasulphite from several end use industries. Emerging markets such as China comprise significant number of domestic manufacturers who are expanding their geographical reach.
Tier 1 companies in metasulphite market are projected to hold more than 1/3 of market share. Market leaders in metasulphite market include Solvay SA, BASF SE, Brenntag N.V., INEOS, and Aditya Birla Chemicals. Besides, the market also includes several small players including Sichuan Sanxiang Fine Chemical Co., Ltd., Qingdao Tianya Chemical Co., Ltd and Weifang Taihexing.
The research report presents a comprehensive assessment of the metasulphite market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report for the metasulphite market provides analysis and information according to market segments such as geography, grade, types, and end use industry.
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The metasulphite market report covers exhaustive analysis on:
- Segments of the Metasulphite Market
- Market Dynamics
- Size of the Metasulphite Market
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain of the of the Metasulphite Market
For More Insights- https://www.einpresswire.com/article/557051412/what-are-the-key-opportunities-on-offer-for-ethylene-butyl-acrylate-agricultural-film-manufacturers-fact-mr
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