The Sodium Hexametaphosphate Market Is Estimated To Witness High Growth Due To Rising Demand From Food Processing Industry & Increasing Applications in Water Treatment Industry

The Sodium Hexametaphosphate Market Is Estimated To Witness High Growth Due To Rising Demand From Food Processing Industry & Increasing Applications in Water Treatment Industry

Market Overview:
Sodium hexametaphosphate, also known as SHMP, is an inorganic compound used as a sequestrant, water softener, and food additive. It has wide applications in food processing as an additive and preservative. It acts as an emulsifier, stabilizer, thickener, and anticaking agent. In water treatment, SHMP is used for scale and corrosion inhibition.

Market Dynamics:
The growing demand from Chemical industry is expected to be a major driver for the market growth over the forecast period. SHMP is widely used as a food additive in meat, seafood, dairy, and bakery products to enhance texture, consistency and shelf life. Its E number is E452i. Expanding processed food industry is propelling the demand. The other key driver is increasing use of SHMP in various water treatment applications. It is used as a sequestrant to prevent precipitation of metal ions in water distribution systems and boilers. This helps in preventing scale formation and corrosion. SHMP effectively inhibits scale caused by calcium, magnesium and iron in industrial processes. The rapid industrialization and growing need for clean water has augmented the consumption of SHMP for water treatment in various end use industries.
Segment Analysis
The global sodium hexametaphosphate market is dominated by the food grade segment, owing to its widespread application in seafood processing and baked goods. Sodium hexametaphosphate serves as a sequestrant that binds calcium and prevents crystallization in seafood products like shrimp and crab. It also acts as a leavening agent and dough conditioner in baked goods like biscuits and bread to improve texture and increase volume.

PEST Analysis
Political: Various regulations regarding the use of food additives have been restricting the adoption of Sodium Hexametaphosphate Market Demand in the food industry. However, certifications like FDA approval have boosted its market growth.
Economic: Rising disposable incomes and increasing demand for convenience and processed foods have positively impacted the demand for sodium hexametaphosphate as a functional ingredient.
Social: Growing health awareness and preference for fresh and natural ingredients may hamper the sales of sodium hexametaphosphate due to the presence of phosphates.
Technological: Advances in encapsulation technology have enabled the development of controlled-release formulations of sodium hexametaphosphate that can efficiently prevent crystal formation in seafood over long periods.

Key Takeaways
The global sodium hexametaphosphate market size is expected to reach US$ 14,234.55 Mn by 2030, expanding at a CAGR of 8.6% during the forecast period. Rapid urbanization and changing lifestyles have increased the demand for packaged and processed foods where sodium hexametaphosphate finds extensive application.

Regional analysis: Asia Pacific dominates the market and is estimated to witness the fastest growth over the forecast period. Countries like China, India, Vietnam, Indonesia, and Thailand are major contributors to the region's market growth driven by thriving food processing industries and rising seafood exports.

Key players: The key players operating in the sodium hexametaphosphate market are Aditya Birla Chemicals, Prayon, Innophos, ICL Performance Products, Mexichem, Xingfa Group, Recochem, Hubei Xingfa Chemicals Group, Chengxing Group, and Chuandong Chemical, among others.

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https://www.marketwebjournal.com/global-sodium-hexametaphosphate-market-demand/