What is Global Sodium Hexametaphosphate (SHMP) Market?
The Global Sodium Hexametaphosphate (SHMP) Market is a vast and dynamic sector that encompasses a wide range of applications and industries. Sodium Hexametaphosphate, also known as SHMP, is a type of hexametaphosphate that is primarily composed of sodium. It is a white, crystalline powder that is highly soluble in water and is commonly used in a variety of applications, including food processing, water treatment, and industrial cleaning. The global market for SHMP is substantial, with a value of US$ 604.7 million in 2022. This market is expected to grow at a steady pace, reaching an estimated value of US$ 715.3 million by 2029. This represents a compound annual growth rate (CAGR) of 2.4% during the forecast period from 2023 to 2029.
Food Grade, Technical Grade in the Global Sodium Hexametaphosphate (SHMP) Market:
The Global Sodium Hexametaphosphate (SHMP) Market is divided into two main segments based on grade: Food Grade and Technical Grade. Food Grade SHMP is primarily used in the food industry, where it serves as a sequestrant, an emulsifier, and a texturizer. It is used in a variety of food products, including dairy products, meat products, and beverages. Technical Grade SHMP, on the other hand, is used in a variety of industrial applications, including water treatment, paper production, and industrial cleaning. Despite the differences in their applications, both grades of SHMP play a crucial role in their respective industries and contribute significantly to the overall market.
Food Industry, Water Treatment, Paper Industry, Industrial Cleaner, Others in the Global Sodium Hexametaphosphate (SHMP) Market:
The Global Sodium Hexametaphosphate (SHMP) Market finds its usage in a variety of sectors, including the food industry, water treatment, paper industry, industrial cleaning, and others. In the food industry, SHMP is used as a sequestrant, an emulsifier, and a texturizer. It helps in improving the texture and quality of food products, thereby enhancing their overall appeal. In the water treatment sector, SHMP is used as a corrosion inhibitor and a scale inhibitor. It helps in preventing the formation of scale and corrosion in water systems, thereby ensuring their efficient operation. In the paper industry, SHMP is used as a dispersing agent. It helps in improving the dispersion of fibers in paper pulp, thereby enhancing the quality of the final paper product. In the industrial cleaning sector, SHMP is used as a detergent builder. It helps in enhancing the cleaning efficiency of detergents, thereby ensuring effective cleaning.
Global Sodium Hexametaphosphate (SHMP) Market Outlook:
The global Sodium Hexametaphosphate (SHMP) market has shown significant growth and is expected to continue this trend in the coming years. In 2022, the market was valued at US$ 604.7 million and is projected to reach US$ 715.3 million by 2029. This growth is attributed to a compound annual growth rate (CAGR) of 2.4% during the forecast period from 2023 to 2029. The largest market share is held by the water treatment application, accounting for about 40% of the total market. Europe follows closely behind, holding an 11% share in the same year. The top players in the Sodium Hexametaphosphate (SHMP) market include Aditya Birla Chemicals, Prayon, Xingfa Group, Chengxing Group, and Chuandong Chemical, who collectively hold about 38% of the market shares.
| Report Metric | Details |
| Report Name | Sodium Hexametaphosphate (SHMP) Market |
| Accounted market size in 2022 | US$ 604.7 in million |
| Forecasted market size in 2029 | US$ 715.3 million |
| CAGR | 2.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Aditya Birla Chemicals, Prayon, Innophos, ICL Performance Products, Mexichem, TKI, Recochem, Xingfa Group, Chengxing Group, Chuandong Chemical, Blue Sword Chemical, Sundia, Mianyang Aostar, Sino-Phos, Jinshi, Norwest Chemical, Weifang Huabo, Nandian Chemical, Huaxing Chemical, Kindia May, Tianjia Chemical, Tianrun Chemical, Zhenhua Industry |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
