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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