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