Textile Industry

Sodium metabisulfite market to derive commendable proceeds via pulp and paper sector over 2019-2025, Asia Pacific to stand tall as the most lucrative terrain for industry expansion

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Endowed with an extensive end-user spectrum including food & beverages, pulp & paper, leather, and textile, sodium metabisulfite market is fast emerging as one of the most promising investment avenue in the recent years. The approval by government and regulatory authorities such as European Union and U.S. Food and Drug Administration (FDA) has further strengthened the legality of sodium metabisulfite and has helped the product manufacturers in reaching out to new business verticals.

U.S. Sodium Metabisulfite Market Size, By End-user, 2014 – 2025 (USD Million)
U.S. Sodium Metabisulfite Market Size, By End-user, 2014 – 2025 (USD Million)

The global pulp and paper sector | The foremost end-user segment of the sodium metabisulfite industry

With the rise in digital media and increased usage of Internet, the worldwide pulp and paper sector has been focusing on reshaping manufacturing strategies and new business models to fulfill the changing demand patterns. Personalized packaging and cardboard products have now emerged as the most lucrative commodities of the overall pulp and paper sector owing to the overwhelming demand from the burgeoning e-commerce industry. Moreover, high levels of production uniformity and the automation of manual processes has transformed the economic landscape of the pulp and paper sector as lower energy and cost-efficient production has largely become attainable.

Apparently, it would be prudent to mention that it is this sector which is slated to apportion about 45 percent remuneration share of the global sodium metabisulfite market in the year 2025. A host of impressive characteristics such as easy accessibility, cost-effective, and high-level of safety has led the major pulp and paper industry players to increase the uptake of sodium metabisulfite as a raw material in the last few years.

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The prominence of APAC in the sodium metabisulfite industry

With the presence of a large number of suppliers and manufacturers of the chemical, the sodium metabisulfite market has gained tremendous momentum in the APAC region. The swift expansion of numerous end-user sectors such as leather and textile industries in across the region has been a pivotal factor in propelling the product demand as it is utilized as an auxiliary in bleaching and decalcification processes.

Elaborating further on the impact of the leather industry on the sodium metabisulfite market share, the overall leather industry in India has transformed itself from a mere raw material provider to a major product exporter, with total good exports standing at USD 3.05 billion during April to October 2018. Needless to mention, these numbers are a testament to the fact that developing countries like India, South Korea, Thailand, and China would emerge as the prominent import destinations of sodium metabisulfite in the upcoming timeframe. In fact, as per a research study published by Global Market Insights, Inc., the APAC region is slated to apportion more than 45 percent of the total revenue share of the sodium metabisulfite market in the year 2025.

Although the growth prospects of sodium metabisulfite industry appear highly-promising, it would be quite imperative to take note of crucial challenges that may hinder the rapid product penetration across various geographies in the upcoming times. The first set of challenges are various health issues directly associated with sodium metabisulfite which can cause grave health hazards such as dysfunctional gastrointestinal system, skin allergic reactions, and other chronic ailments.

Apart from these diseases, the increasing availability of alternative products along the likes of L-cysteine, citric acid, benzoic acid, sorbic acid, and sodium bisulfite as a preservative is bound to adversely impact the commercialization potential of sodium metabisulfite industry in the years to come. However, the growing number of industry players (especially startups), technological advancements, expansion of different end-user sectors, easy accessibility to premium raw material, and economic growth being witnessed across APAC region is certain to fuel the growth prospects of sodium metabisulfite market, which is slated to exceed USD 496 million by 2025.

Author NameSaif Ali Bepari

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Sodium sulfide market to amass substantial returns from ore processing applications, global industry to register a valuation of USD 665 million by 2024

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Global sodium sulfide market is anticipated to witness a rather rapid growth over the next few years, owing to the increased disposable income among consumers and the rising demand from different industries such as paper, chemicals, textiles and leather goods. The compound is also utilized across other areas like metal production and water treatment, stretching its application scope to segments that get affected by a population upsurge. The fast-growing construction segment has sustained the consumption of copper, which is used to make numerous parts of a building, subsequently propelling the sodium sulfide industry as the compound is vital in ore processing.

U.S. Sodium Sulfide Market Size, By Application, 2017 & 2024, (Kilo Tons)
U.S. Sodium Sulfide Market Size, By Application, 2017 & 2024, (Kilo Tons)

Copper is an excellent heat and electricity conductor, besides having other suitable properties, making it ideal for heating systems, power transmission and various aesthetic parts of a building. The sodium sulfide market has benefited from the consistent demand for copper in construction sector throughout the world. A report suggested that the construction market is projected to grow annually at a rate of nearly 4.5% till 2020, a fact clearly supported by the vast population observed in the Asia-Pacific region. Boasting of a strong mining infrastructure and mounting investments in mineral exploration, the region could provide considerable propulsion to the sodium sulfide industry through the production of copper.

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Essentially, most of the building components made of copper have high levels of recycled content, more than 80% in many cases. The metal is considered to be important for ensuring the energy efficiency of green buildings, an up and coming trend in the construction sector worldwide. Copper is extremely suited for environmentally sound plumbing and wiring, in addition to its uses in bathroom fittings and lighting. The high-conductivity of copper has led to its utilization in advanced occupant monitoring systems and for heat transfer in water heater systems. Intrinsically, the need for improving energy efficiency in buildings will ensure elevated copper demand, driving the sodium sulfide industry growth.

Worldwide trends have shown that Europe is moving faster towards sustainable construction, suggesting broader development prospects for the copper industry. Expounding the tremendous opportunities for the consumption of the metal, it is widely used in the manufacturing sector for making parts of automobiles, electronics and many other components. As such, mining companies are looking to expand their production of copper, even though it has already been one of the most mined ores in the human history. Increased ore processing activities to meet the global requirements will also bolster other industries involved in its production, including the steadily booming sodium sulfide market.

It was estimated that globally, around 19.7 million metric tons of copper was produced from mines in 2017, with consumption of the element currently standing at nearly 23.8 million metric tons per year. The evidence of a robust increase in the demand and use of copper, and subsequent proliferation of the sodium sulfide market, can be gathered by the efforts of companies like Excelsior Mining, who are seeking the development of new mines. In 2017, the company had received permission by Arizona regulators to open the state’s first copper mine in over a decade, boosting the supply of the element in the U.S. and the state’s own mining revenues.

Speaking further, the Arizona mine has a life expectancy of almost a quarter century, signifying consistent copper supply over the coming years. Also, world’s second largest copper producer, Peru, recently launched another new copper mine worth USD 1.6 billion, that would produce 102,000 t/year of copper concentrated with operations starting in 2020. These are only some instances underscoring the extensive requirements of copper ore processing worldwide, which will eventually fuel the sodium sulfide market expansion. Citing another example to demonstrate the industry potential, a Chinese owned firm had, in August this year, started production at a new copper mine in Zambia, with its full capacity set to be reached by 2020.

All in all, continuous rise in the production copper throughout the globe, along with other ferrous and non-ferrous elements that are widely used by different industries, will accelerate the sodium sulfide market size in the imminent future. Massive consumption of the compound in paper, textile products and leather goods will also generate substantial revenue for the global sodium sulfide industry, pushing it beyond USD 665 million by 2024.

Author NamePankaj Singh