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CHEMICALS AND ADVANCED MATERIALS

Disulfurous Acid Market Segmentation by Product Grade (Food Grade, Cosmetic Grade, Industrial Grade, and Others); and by Application (Food Processing, Cosmetics, Alcoholic Beverage, Reducing Agent, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • February 02, 2022: LANXESS and Siemens AG to join hands to procure technical goods and focus on realization of joint innovation projects.

  • January 15, 2021: Huntsman Corporation announced the acquisition of Gabriel Performance Products, specialty chemical manufacturer, to expand its portfolio to specialty additives, and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets.

Global Disulfurous Acid Market Highlights over 2022 – 2031

The global disulfurous acid market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Disulfurous acid or pyro sulfurous acid is a commonly used reducing agent, which is increasingly used in the pharmaceutical industry. It is prepared through thermal dehydration of sodium metabisulfite (NaHSO3) or by passing sulfur dioxide (SO2) over sodium carbonate (NA2CO3). The growth of the market can be attributed to the increasing use of disulfurous acid in the pharmaceutical, and food and beverages industries. Apart from this, the market is further estimated to witness growth on account of increasing export and import of specialty chemical substances, along with growing production of chemicals across the globe. As per the statistics provided by the World Bank, chemicals added 16.439% value in manufacturing in the year 2017 from 11.838% in the year 2000, in the United States, while in India it increased from 14.86% in 2010 to 17.807% in 2019. Furthermore, the growth in the pharmaceutical industry is also expected to positively influence the market growth. In fact, it was observed that the revenue generated by the global pharmaceutical industry totaled to approximately USD 1.2 trillion, in 2020.

Disulfurous Acid Market

The chemical formula of disulfurous acid is H2S2O5, and the oxidation state of both the sulfur atoms is different. The oxidation state of the sulfur atom bonded to three oxygen atoms is +5, while the other sulfur atom has oxidation state +3, which provides the compound its high reducing potency, as it can easily donate electrons. Moreover, the molecular weight of disulfurous acid is 146.131 g/mol, while its molecular mass is 145.934 g/mol. Such chemical properties of the compound are highly beneficial in the process of manufacturing of pharmaceutical drugs, which is therefore estimated to surge the demand for disulfurous acid in the pharmaceutical industry.3-D Ball & Stick Structure of Disulfurous Acid

The market is segmented by application into food processing, cosmetics, alcoholic beverage, reducing agent, and others, out of which, the reducing agent segment is anticipated to hold a substantial share in the global disulfurous acid market over the forecast period. This can be attributed to the growing use of disulfurous acid in the pharmaceutical industry, where it is used as a reducing agent to manufacture various drugs, such as epinephrine hydrochloride, and phenylephrine hydrochloride. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing) – 2016-2018

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Disulfurous Acid Market Regional Synopsis

On the basis of geographical analysis, the global disulfurous acid market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of presence of a large chemical industry in the developing countries, such as, India, China, and Japan, backed by low cost of raw materials and labor in the region. Moreover, APAC region is one of the largest producers of chemicals. For instance, in 2020, Asia alone accounted for more than 55% of the global chemical industry's revenue.

The market in the Europe region is anticipated to gain the largest market share throughout the forecast period owing to the increasing export and import of chemicals, and growing pharmaceutical industry in the region. According to the data by the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total production in the pharmaceutical industry amounted to USD 294,210 million, in 2018. Moreover, 19.2% of total health expenditure in Europe being spent on pharmaceuticals and other medical goods. Further, presence of major pharmaceutical companies, is expected to increase the demand for disulfurous acid in the region.

Disulfurous Acid Market Share (in %), By Region, 2031

The global disulfurous acid market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global disulfurous acid market includes the following segments:

By Product Grade

  • Food Grade
  • Cosmetic Grade
  • Industrial Grade 
  • Others

By Application

  • Food Processing
  • Cosmetics
  • Alcoholic Beverage
  • Reducing Agent
  • Others

Growth Drivers

  • Growing Demand for Disulfurous Acid in Pharmaceutical Industry
  • Growth of the Chemical Industry

Challenges

  • Very Hazardous Nature of the Acid
  • Disulfurous Acid is not Present in Free State

Top Featured Companies Dominating the Market

  • Asahi Kasei Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Lanxess AG
  • Borealis AG
  • The Syngenta Group
  • Huntsman Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • SK Innovation Co., Ltd.
  • Koninklijke DSM N.V.
  • LOTTE Chemical Corporation
  • PPG Industries, Inc.

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