The global sodium hexametaphosphate market is estimated to be valued at US$ 900.24 million in 2020, according to Sodium Hexametaphosphate Market Report, by Grade (Food Grade and Technical Grade), by Form (Granular or Flaky, Glass Plates, and Powder) by Application (Food & Beverages, Water Treatment, Industrial & Institutional Cleaners, Industrial Applications and Others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global sodium hexametaphosphate market is expected to surpass US$ 1,501.17 million by 2028, exhibiting a CAGR of 4.0% during the forecast period (2021-2028). The global demand for sodium hexametaphosphate is rising due to its growing demand for industry of food and beverage. Sodium Hexametaphosphate is a multi-purpose sequestrant and is a versatile ingredient used in the culinary creations. It is a white, odorless powder used to thicken, emulsify, or add texture to food, beverages, pet-related goods and personal care products, and it has an additional use in certain methods of chelation (Chelation is a type of bonding of ions and molecules to metal ions). Sodium hexametaphosphate can be added to an assortment to food, beverages and personal care applications such as syrups, whipped toppings, dips, packed egg whites and other proteins, jellies, frozen desserts, dressings, cereals, beverages, bath products, cosmetics, pet food and more. Additionally sodium hexametaphosphate is an ingredient that is commonly added to fruit juices that contains pulp to help prevent the pulp from setting at the bottom.
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Browse 50 market data tables* and 40 figures* on "Sodium Hexametaphosphate Market” - Global Forecast to 2028.
Key Trends and Analysis of the Global Sodium Hexametaphosphate Market:
- Among regions, North America accounted for the share of 24.51% in 2020 in the global sodium hexametaphosphate market. North America market has high presence of some of the key players in the market. For instance, the U.S. has the presence of players such as Innophos, Prayon S.A. and Kraft chemical Company Inc. that have played a significant role in the growth of the sodium hexametaphosphate market. Apart from this, as per the U.S. Census Data and Simmons National Consumer Survey Data the number of people eating canned vegetable in North America is 213.4 million and it will increase further. The growing consumer demand for canned food will enhance the market for the global sodium hexametaphosphate as it is one of the main ingredient used for canning of meat, vegetables and fruits and seafood’s.
Key Takeaways of the Sodium Hexametaphosphate Market:
- Among application, Industrial Applications accounted for the market share of 10.3% in 2020, in the global sodium hexametaphosphate market. The application of sodium hexametaphosphate in paint manufacturing. Sodium hexametaphosphate (SHMP), are used in manufacturing of the paint as a dispersing agents and can change the distribution of the ionic charges (positive - negative) in soluble compounds of paint. This stabilizes the emulsion, which becomes more fluid. This property is very useful in the paint industry. Due to their chelating properties, sodium hexametaphosphate are also used in corrosion inhibition through the chelation of iron ions.
- The others industrial application includes sodium hexametaphosphate as a corrosion inhibiter which has seen a significant growth in global sodium hexametaphosphate market. Sodium hexametaphosphate is used as a corrosion inhibiter in the water treatment. Sodium hexametaphosphate has two functions in metal corrosion inhibitors. First, it can slow down the corrosion of metal materials. Second, it can maintain the physical and mechanical properties of metal. The amount of sodium hexametaphosphate uses in water treatment is less, which won’t change the property of the corrosive medium and it does not require other special equipment and surface treatment. This is whysodium hexametaphosphate is commonly used in water treatment.
- Major players operating in the global sodium hexametaphosphate market include Kraft Chemical Company, Inc., Aditya Birla Chemicals, Mexichem, Prayon S.A., Innophos, Chongqing Chuandong Chemical (Group) Co., Ltd, Israel Chemicals Limited (ICL), Yixing Tianyuan Chemical, Ltd., Recochem Inc., Hubei xingfa chemicals group co., LTD, Weifang Huabo Chemical Co., Ltd., Xuzhou Tianjia Food Chemical Co., Ltd, and Guizhou Sino-Phos Chemical Co., LTD., etc.
- Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the global sodium hexametaphosphate market. For instance, in December 2021, Israel Chemicals Limited opened a new alternative protein facility in ST-Louis, the company’s new alternative-protein facility produces a plant based meat substitute for use by the food companies, food service distributers, restaurants and grocery chains. Due to this development the market for the sodium hexametaphosphate will seek a high demand due to its multiple applications in the food production.
Global Sodium Hexametaphosphate Market - Impact of Coronavirus (Covid-19) Pandemic
- The consequences of COVID-19 pandemic have led to the slowdown of sodium hexametaphosphate production, demand, and trade. Sodium Hexametaphosphate is used in the cheese production. For instance, according to a press release by France Terre de Lait (French dairy industry) in April 2020, sales of certain cheese in France have dropped by 60% during the pandemic. This is largely due to closure of restaurants, markets, and cheese-mongers, as well as people in France preferring to buy basic products (such as milk) over cheese. Moreover, French citizens wary of germs and hygiene standards, have been buying less over-the-counter cheese. This has made producers to cut back production of cheese, which is expected to restrict demand for food calcium chloride during the pandemic.
