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Global sodium hypophosphite industry will reach 637.15 million USD in 2023

Author: QYResearch | Publish date: 2018-04-26 | Views: 36
Sodium hexametaphosphate is a food additive used in dairy product, canned milk, packaged egg whites, ice cream, seafood and meat processing. Besides food application, sodium hexametaphosphate also has wide applications in the industrial field, such as boiler water treatment, paint, textile, ceramic tiles and refractories.

Publisher: QYResearch

Published Date: 2018-04-26

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Among those applications, water treatment accounts for the largest market share, which was about 40.09% in 2016.


The SHMP production mainly concentrates in China. Each year, China exports about 50,000 tons SHMP to the world. USA is a net importer of SHMP.Since USA government imposes antidumping taxes on Chinese exporters, Thailand and Europe are the major import sources of USA SHMP.


The largest consumption region of SHMP comes from Asia-Pacific. In 2016, the regions consumed about 309749 MT. The follower is Europe, who held 11.56% share in the same year.


Although there are several substitutes of SHMP in some fields, SHMP still has its own distinctive advantages and market place. Global sales of SHMP increased from 365650 tons in 2012 to 419575 tons in 2016. With the gradually resuming economy, it is estimated that global SHMP industry will be worthy of 637.15 million USD in 2023, with the CAGR of 3.43% during the forecast period of 2016 to 2023.


The Global Sodium Hexametaphosphate (SHMP) Sales Market Report 2018 report released by QYResearch provides a basic overview of the Sodium Hexametaphosphate industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Sodium Hexametaphosphate industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:http://www.qyresearchglobal.com/goods-1216060.html
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Media contact: press@qyresearch.com

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