The sodium hexametaphosphate market is driven by several factors, including increasing demand from the food and beverage industry, as it is used as a food additive and emulsifier. The growth of the detergent industry, where it is used as a builder, is also contributing to the market's expansion. The rising demand for water treatment chemicals is another key factor, as sodium hexametaphosphate is used as a corrosion inhibitor in water treatment applications. The market's growth is also driven by the increasing use of sodium hexametaphosphate in industrial applications, such as metal cleaning, paint and coating, and oil drilling. However, the market is expected to face challenges due to the potential health hazards associated with its usage, which may lead to regulatory restrictions and hinder market growth.
The global Sodium Hexametaphosphate Market is estimated to surpass US 1,501.17 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2021 to 2028).
Leading Companies in the Sodium Hexametaphosphate Industry:
1. Kraft Chemical Company, Inc.
Kraft Chemical Company, Inc. was founded in 1933 and is headquartered in Melrose Park, Illinois, USA. The company operates in several countries and provides a range of chemical products and services to industries such as food, agriculture, and pharmaceuticals. In November 2021, Kraft Chemical Company announced the launch of a new product, SHMP USP, which is a high-purity grade of SHMP for use in the pharmaceutical industry.
2. Aditya Birla Chemicals
Aditya Birla Chemicals is a subsidiary of the Aditya Birla Group and was founded in 1976. The company is headquartered in Mumbai, India, and operates in more than 30 countries. Aditya Birla Chemicals produces a variety of chemical products such as chlor-alkalis, epoxy resins, and agrochemicals. In January 2022, Aditya Birla Chemicals announced the expansion of its production capacity of SHMP at its facility in Gujarat, India. The company has invested INR 75 crores ($10 million) in this expansion project.
3. Mexichem
Mexichem is a Mexican chemical company that was founded in 1953. The company is headquartered in Tlalnepantla de Baz, Mexico, and operates in more than 30 countries. Mexichem produces a range of products such as vinyl resins, fluorine-based products, and specialty chemicals.
4. Prayon S.A.
Prayon S.A. is a Belgian company that was founded in 1862. The company is headquartered in Engis, Belgium, and operates in more than 100 countries. Prayon S.A. specializes in the production of phosphate-based chemicals for various industries such as food, agriculture, and water treatment. In July 2021, Prayon S.A. announced the launch of a new product, SHMP-Food, which is a food-grade SHMP used as a sequestrant and emulsifier in food applications.
5. Innophos
Innophos is a US-based company that was founded in 2004. The company is headquartered in Cranbury, New Jersey, and operates in several countries. Innophos produces specialty phosphates for food, beverage, and industrial applications.
6. Chongqing Chuandong Chemical (Group) Co., Ltd
Chongqing Chuandong Chemical (Group) Co., Ltd was founded in 1970 and is headquartered in Chongqing, China. The company operates in several countries and produces a range of chemical products such as soda ash, ammonium chloride, and sodium bicarbonate.