Sodium Hexametaphosphate (SHMP) Market, By Grade (Food Grade and Technical Grade), By Application (Food & Beverages, Water Treatment, Industrial & Institutional Cleaners, Industrial Applications, and Others), By Region (North America, South America, Europe, Asia Pacific, and Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Sodium Hexametaphosphate (SHMP) is a solid, translucent material. This glossy phosphate is widely used as an input in the manufacturing of many industrial and consumer products. Sodium hexametaphosphate is manufactured and marketed in technical and food grade. Sodium hexametaphosphate acts as excellent emulsifier, curing agent, firming agent, flavor enhancer, stabilizer, and thickener.

Market Dynamics

  • The growth of sodium hexametaphosphate (SHMP) market is mainly attributed to its multiple applications in various end-use industries such as food, beverages, paper, detergents, water treatment, animal feed, and various others. Favorable growth of these end-use industries globally is projected to fuel demand for sodium hexametaphosphate (SHMP) throughout the forecast period (2018-2025).
  • However, stringent trade regulations such as execution of antidumping duties on import of sodium hexametaphosphate is a key challenge for manufacturers and traders. Moreover, food grade SHMP must meet the requirements of the Food Chemicals Codex (FCC), which states the amount of possible toxic contaminants, pH range, and good manufacturing practices for sodium hexametaphosphate.

Market Outlook

  • Among grade, food grade segment is projected to be the fastest growing segment in the global sodium hexametaphosphate (SHMP) market over the forecast period. Food grade sodium hexametaphosphate is preferred as a texturizer & buffering agent in the manufacturing of cheese, processed meat, milk-based beverages, and many other food & beverages products.
  • Among application, water treatment segment was the dominant segment in the market in 2017. Sodium hexametaphosphate is extensively used to trap Calcium and Magnesium in hard water. Hard water causes lime scale deposition in pipes, which leads to lower flow rates of water and higher cost of pumping and cleaning. Therefore, sodium hexametaphosphate is continuously used in recycled water as a softening agent and to avoid formation of scale in industrial operating units such as condenser, heat exchangers, pipelines or boilers.
  • According to Coherent Market Insights’ analysis, Asia Pacific held highest market share in the global market in 2017. The region is projected to maintain its dominance over the forecast period, owing to high presence of manufacturers of SHMP in the region. In Asia Pacific, China is the largest producer of sodium hexametaphosphate (SHMP). According to the U.S. International Trade Administration Report, in 2013, China accounted for over two-third of global production capacity of SHMP and the aggregated production capacity of China was over 4, 76,000 Metric Tons.
  • Favorable growth of food & beverages industries across emerging economies of Asia Pacific is projected to create conducive environment for growth of the market in the region. According to the United States Department of Agriculture Report on India Food Processing Sector 2018, India has a potential to attract investment of US$ 33 billion by end of 2024.

Key players in Global Sodium Hexametaphosphate (SHMP) Market

  • Key players operating in the global sodium hexametaphosphate (SHMP) market include Innophos Holdings, Inc., Prayon, Israel Chemicals Limited (ICL), Hubei Xingfa Chemical Group, Aditya Birla Chemicals, Mexichem, TKI Hrastnik d.d., Chengxing Group, and Chuandong Chemical, among others.
  • Leading manufacturers are investing to increase production of sodium hexametaphosphate (SHMP), in order to meet rising demand from consumers. For instance, in February 2015, Prayon announced to build a food grade sodium hexametaphosphate (SHMP) production plant in Augusta, Georgia, supplementing the current SHMP production unit in Roches de Condrieu, France. The capacity of the plant is 10,000 tons per year. The plant is strategically installed to meet growing demand for processed food applications in emerging markets of Asia Pacific and South America. Such activities are projected to have positive impact on growth of the market over the forecast period.

Market Taxonomy

On the basis of grade, the global sodium hexametaphosphate (SHMP) market is segmented into:

  • Food Grade
  • Technical Grade

On the basis of application, the global sodium hexametaphosphate (SHMP) market is segmented into:

  • Water Treatment
  • Food & Beverages
  • Industrial & Institutional Cleaners
  • Industrial Applications (Clay Processing, Mining, Drilling Muds, Paper etc.)
  • Others (Bath Salts, Toothpaste etc.)

On the basis of region, the global sodium hexametaphosphate (SHMP) market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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