by Sodium hexametaphosphate is extensively used as scale inhibitors in water treatment and industrial water treatment applications. It is known to prevent scaling by binding with calcium, magnesium, and heavy metal ions and dispersing them in solution uniformly.
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 Applications in Water Treatment: Sodium hexametaphosphate (SHMP) finds widespread applications in water treatment owing to its ability to sequester calcium and magnesium ions, preventing scale deposition on pipes and boiler surfaces. It is used as an effective and inexpensive calcium and lime scale removal agent. SHMP also acts as a dispersant and prevents the re-precipitation of scale after its removal. The increasing demand from municipal water treatment plants and other industrial process applications such as waste water treatment is expected to propel the growth of the sodium hexametaphosphate market over the forecast period.
SWOT Analysis
Strength: Sodium hexametaphosphate is used as a sequestrant in various industrial applications such as water treatment, detergents, cement and food processing among others. It has high chelating strength and stability.
Weakness: Strict regulations over the use of phosphates in detergents and other applications can hamper the demand. Higher production costs also act as a weakness.
Opportunity: Growing construction and infrastructure projects across developing nations provide opportunities for cement additives market which can boost demand. Increasing meat consumption globally will drive the demand for its usage in meat processing.
Threats: Availability of substitute products and fluctuating raw material prices are major threats.
Key Takeaways
The global sodium hexametaphosphate market is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 1,501.17 Mn in 2023 growing at a CAGR of 4.0% through 2030.
Regional analysis: Asia Pacific region currently dominates the global market accounting for over 35% share in 2023. China contributes significantly to the regional demand mainly driven by large scale construction activities. Europe and North America are other major markets driven by established end use industries.
Key players: Key players operating in the sodium hexametaphosphate 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, Weifang Huabo Chemical Co., Ltd., Xuzhou Tianjia Food Chemical Co., Ltd, and Guizhou Sino-Phos Chemical Co., LTD. The key players are investing in expanding their production capacities especially in Asian countries to leverage growth opportunities.
