Appreciating Demand from the detergent industry Spurs Growth in Sodium Hexametaphosphate Market
Sodium Hexametaphosphate, commonly known as SHMP, is an
inorganic phosphorus compound used as a sequestrant, emulsifier and antioxidant
in various applications. SHMP acts as an additive to prevent the buildup of
scale or corrosion in pipes and boilers. It also enhances the flavor and
texture of food by preventing crystallization. The increasing use of SHMP as an
eco-friendly alternative to phosphates in detergents and other cleaning agents
has propelled the demand.
The global Sodium Hexametaphosphate Market is estimated to be valued at US$
1,501.17 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast
period 2023 to 2030, as highlighted in a new report published by Coherent
Market Insights.
Market Key Trends:
Growing Demand from Detergent Industry Drives Market Growth
One of the major trends fueling the sodium hexametaphosphate market growth is
the increasing demand from the detergent industry. SHMP acts as an effective
builder in detergents that helps remove dirt and prevents the formation of
limescale. It also enhances water penetration and soil removal abilities. With
the rising usage of laundry and dishwashing detergents globally, the demand for
SHMP from the detergent industry is expected to surge substantially over the
forecast period. The cost-effectiveness and environment-friendly nature
compared to phosphates further augments its adoption.
Segment Analysis
The global sodium hexametaphosphate market is dominated by the industrial grade
segment. This segment accounted for over 70% share of the overall market in
2023 due to strong demand from water treatment, food processing, and other
industrial applications. Sodium hexametaphosphate of industrial grade features
high purity level and strength making it suitable for various industrial uses.
Key Takeaways
The global sodium hexametaphosphate market is expected to witness high growth
over the forecast period of 2023-2030.
Regional Analysis
The Asia Pacific region dominated the global market and accounted for over 50%
share in 2023. China accounted for the major consumption in the region and has
been a key driving factor for the APAC market growth. This is attributed to the
strong demand from domestic industries like water treatment and food
processing. Rapid industrialization along with growing population has fueled
the demand further in the region.
Key players
Key players operating in the sodium hexametaphosphate market are 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 Co., 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.
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