Sodium Hexametaphosphate Market Size & Share, by Grade (Food Grade, Technical Grade); Form (Granular or Flaky, Glass Plates, Powder); Application (Food & Beverages, Water Treatment, Paper Industry, Industrial Cleaners) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5752
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Sodium Hexametaphosphate Market size is expected to reach USD 1.07 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of sodium hexametaphosphate was USD 600 Million.

In addition, sodium hexametaphosphate is an extremely effective way to sequester alkali ions and aid in controlling red and black water. Due to this, the chemical sodium hexametaphosphate is in high demand in water treatment facilities, which is fuelling the market for sodium hexametaphosphate.


Sodium Hexametaphosphate Market
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Sodium Hexametaphosphate Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Utilization in the Food Sector Has Affected Market Demand- SHMP is used as a sequestrant, emulsifier, and texture modifier in the food business. The need for better food quality and stability, along with the expansion of the processed food industry, is driving the growing usage of SHMP in food applications. The demands of applications used in food processing have an impact on the demand for sodium hexametaphosphate, which is frequently employed in the food industry for a variety of functions. The usage of SHMP in a variety of applications has expanded as a result of the food processing industry's expansion, which has been fuelled by factors such as shifting customer preferences, the desire for convenience foods, and improvements in food technology. The food processing industry will probably continue to experience a strong need for additives like SHMP as food makers look to enhance the sensory qualities, shelf life, and quality of their products. The necessity for creative food formulations and adherence to food safety laws also have an impact on the food industry's adoption of SHMP.
  • Increasing Awareness of Water Treatment has Grown- SHMP is widely applied in the purification of water. The need for water treatment chemicals, including SHMP, is driven by the growing need for clean water for both municipal and industrial applications. It aids in reducing the production of scale and managing water hardness. Scale deposits in water systems can be effectively avoided with SHMP. Scale build-up on the surfaces of boilers, pipes, and other water-handling machinery can result in damage and decreased efficiency. SHMP contributes to the upkeep of the effectiveness and integrity of water-related infrastructure by serving as a scale inhibitor.
  • Increasing Their Capability of Producing Food Grade Sodium Hexametaphosphate- To meet the growing demand for sodium hexametaphosphate in food applications from the dairy, beverage, and other confectionary food industries, manufacturers of sodium hexametaphosphate are increasing their capability of producing food grade sodium hexametaphosphate. Sodium hexametaphosphate producers are strategically expanding, merging, or acquiring other companies to broaden their product offerings and grow within the worldwide hexametaphosphate industry. Particularly, the Asia Pacific area, which has the greatest need for sodium hexametaphosphate and growth prospects, has seen a number of recent acquisitions.

Challenges

  • Health Issues Cause the Market to Trend Lower- The effects of some phosphates in food products on health may be a concern. Market dynamics may be impacted by health-related concerns or shifting consumer perceptions regarding food additives, even though SHMP is generally recognized as safe (GRAS) when used within specified limits. The negative impact that consuming high concentrations of food-grade sodium hexametaphosphate can have on humans is what limits its use. Because pancreatic cancer and kidney issues have been linked to higher sodium hexametaphosphate consumption, people may be discouraged from purchasing food products that include this addition. Consequently, the sodium hexametaphosphate market will have a downward trend.
  • Manufacturing facilities that produce sodium hexametaphosphate are now running at lower production rates due to the lockdown and social separation measures. The market's availability of sodium hexametaphosphate has been adversely impacted by this.
  • The market for technical grade sodium hexametaphosphate restricts the availability of other polymeric phosphates with comparable chemical characteristics that can serve as sodium hexametaphosphate substitutes.

Sodium Hexametaphosphate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

 ~ USD 600 Million

Forecast Year Market Size (2036)

 ~ USD 1.07 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Sodium Hexametaphosphate Segmentation

Application (Food & Beverages, Water Treatment, Paper Industry, Industrial Cleaners)

Based on application, the food and beverage segment led the global sodium hexametaphosphate market with a revenue share of 39% during the forecast period. The market is expected to rise as food packaging becomes more and more popular. Sodium hexametaphosphate is used to increase the final product's shelf life. There are numerous uses for sodium hexametaphosphate outside of the food and beverage sector. The ready meal segment of the Indian packaged goods market had sales worth 172.6 million US dollars in 2021. Moreover, Sodium hexametaphosphate (SHMP) is a chemical with multifaceted uses in the food industry and other industrial settings because of its ability to act as an emulsifier, sequestrant, and water treatment agent. In addition to these qualities, the food business requires ingredients with the ability to texturize, emulsify, and thicken. As a result of its use in the food sector for the aforementioned purposes, sodium hexametaphosphate has witnessed a sharp increase in demand.

Grade (Food Grade, Technical Grade)

Based on grade, the technical grade segment is predicted to account for 55% share of the global sodium hexametaphosphate market during the forecast period. It is projected that the food and beverage industry's growing need for food-grade sodium hexametaphosphate will propel market expansion. Because of its capacity to enhance the texture, stability, and shelf life of a variety of food products, it is frequently employed as a food additive. Food items can benefit from its sequestrant, emulsifying, and water-biding properties, which can improve their overall quality and attractiveness. Furthermore, food grade sodium hexametaphosphate's safety certifications and regulatory approval are essential to its market expansion. Food grade sodium hexametaphosphate satisfies the high quality and safety standards that consumers and food manufacturers consider when using additives.

Our in-depth analysis of the global sodium hexametaphosphate market includes the following segments:

          Grade

  • Food Grade
  • Technical Grade

          Form

  • Granular or Flaky
  • Glass Plates
  • Powder

          Application

  • Food & Beverages
  • Water Treatment
  • Paper Industry
  • Industrial Cleaners

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Sodium Hexametaphosphate Industry - Regional Synopsis

APAC Market Forecast

Sodium hexametaphosphate market in the Asia Pacific region is predicted to hold the largest revenue share of about 33% during the forecast period. The growing food and beverage industry in the Asia Pacific region is driving the market. Due to factors including population growth, increased disposable incomes, the expansion of the middle class, and rising demand for processed foods, the food and beverage industry is experiencing a boom in the emerging nations of the region. With 4.3 billion people living there, or 60% of the world's population, the Asia-Pacific area is home to China and India, the two most populous nations on earth. Moreover, the expansion of the chemical and petroleum industries in the Asia Pacific area as a whole is also responsible for the rise of the sodium hexametaphosphate sector.

North American Market Statistics

The sodium hexametaphosphate market in North America is projected to hold the second-largest revenue share of about 27% during the forecast period. Numerous products, including paints, plastics, and paper, include titanium dioxide. It raises the product's quality in the manufacturing of titanium dioxide. The processed food sector is expanding as a result of Asia Pacific's urbanization and expanding population. It serves as an emulsifier, thickener, and preservative in processed foods.

Research Nester
Sodium Hexametaphosphate Market size
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Companies Dominating the Sodium Hexametaphosphate Landscape

top-features-companies
    • Kraft Chemical Company, Inc.,
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 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.

In-the-news

In The News

  • Food Grade Sodium Hexametaphosphate [SHMP] production capacity at Prayon is increased by 10 kt. Food Grade Sodium Hexametaphosphate (SHMP) manufacturing is invested in by Prayon, a global leader in phosphate chemistry. This initiative will assist the global expansion of the Group and is a component of Prayon's growth strategy across multiple industries, including food additives, water treatment, and industrial applications.
  • CHEMCON and Aditya Birla Chemicals collaborate on their Platinum Jubilee Edition. The Platinum Jubilee Edition of the Annual Session of Chemical Engineers and the 75th Chemical Engineering Congress (CHEMCON) were held December 27–30, 2022, at Harcourt Butler Technical University in Kanpur. The Indian Institute of Chemical Engineers (IIChE) Kanpur Region organized the conference, which had the theme "Sustainability in Chemical Processes through Digitalization, Artificial Intelligence, and Green Chemistry."

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5752
  • Published Date: Feb 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

High demand in water treatment facilities and food & beverages industry are the major factors driving the growth of the sodium hexametaphosphate market.

The market size of sodium hexametaphosphate is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the 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, and others.

The food & beverages segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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