Description
According to the report published by Zion Market Research, the global Calcium Sulfite Market size was valued at USD 2,508.99 Million in 2022 and is predicted to reach USD 4,065.83 Million by the end of 2030. The market is expected to grow with a CAGR of 6.22% during the forecast period. The report analyzes the global Calcium Sulfite Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Calcium Sulfite Market industry.
Global Calcium Sulfite Market: Overview
Calcium sulfite is a chemical compound that occurs in twocrystalline forms, namely tetrahydrate and hemihydrate, with theformula CaSO3.4(H2O). It is produced with the help of a flue gasdesulfurization technique. All the forms of calcium sulfite arecrystalline white in color. It is represented as E226 and plays avital role as an intermediate for the manufacturing of gypsum. Itholds superior antioxidant properties, which is ideal forvegetables, packed foods, canned fruits juices, and as a foodpreservative for wine. It is a food reducer utilized in differentalcoholic products as a food additive. Also, it is a major rawmaterial in paper and pulp manufacturing in the sulfate Kraftprocess. It is highly used in medicines and tablet excipients inits hemihydrate form for immobilizing cast.
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Global Calcium Sulfite Market: Growth Factors
The global calcium sulfite market is likely to witness exponential market growth due to the growing adoption of calcium sulfite as an antioxidant in the food and drug sector. Furthermore,the easy bioavailability of calcium sulfite in bulk quantity andits growing demand as food additives is further complementing thegrowth. New drug formulations, along with distinct chemicalproperties of calcium sulfite like alkaline material, toxicant against the pyrite, and a strong reductant which is useful ininhibiting the formation of acid in coal waste, are prime factorsspurring the growth of the global calcium sulfite market during theforecast period. The market is likely to perform well over theforecast period due to the growing demand for ready-to-eat food allaround the globe and the fast-growing food industry.
However, themore variety of calcium sulfite usage in the food sector makes it amore viable option. Not only in food preservation, but it alsohelps in enhancing the firmness of food. It also works as ableaching agent and flavor enhancer in dishes. Furthermore, thefast growth of the pharmaceutical segment that utilizes calciumsulfite as immobilizing cast and tablet excipients is furtherpushing the growth one scale-up. Simultaneously, calcium sulfite ishighly used in inhalers, EPI-pens, and other innovative medicines,which is likely to create several lucrative growth opportunities inthe future.
The growing infrastructure projects globally,particularly in the countries like India, China, and Afghanistan,will further positively impact the growth of the global market.Also, the growing FDI investments in growing economies like theAsia Pacific are also likely to offer impetus for growth opportunities to the global calcium sulfite market over the forecasted period.
Global Calcium Sulfite Market: Segmentation
The global calcium sulfite market can be segmented into functionality, application, end-user, and region.
By functionality, the market can be segmented into bleaching agents, bulking agents, preservatives, reducing agents, andothers.
By application, the market can be segmented into drywall, food additives, wood pulp production, and others.
By end-user, the market can be segmented into pharmaceutical,paper, & pulp sectors, water treatment, food & beverage sector, andothers. The food & beverage sector accounts for the largest sharein the global calcium sulfite market due to the growing demand forpackaged food globally.
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Global Calcium Sulfite Market: Regional Analysis
North America accounts for the largest share in the globalcalcium sulfite market due to the transforming lifestyle, growingconsumer awareness, and innovation in technology. However, the AsiaPacific region is likely to witness significant growth in demandfor calcium sulfite due to the fast proliferating food and beveragesector along with the pulp paper industry. The growing constructionsector in the region with large-scale renovation activities islikely to positively impact the growth of the regional market.
Global Calcium Sulfite Market: Competitive Players
Some of the significant players in the global calcium sulfitemarket are
- Qingdao Sunny Energy-Saving Materials Co., Ltd.
- Shimmer Chemicals Private Limited
- Aditya Birla Chemicals
- Pure Tech Inc.
- NOAH Technologies Corporation
- Barium & Chemicals, Inc.
- AmericanElements
- GFS Chemicals, Inc.
- ICC Industries, Inc.
- SurepureChemetals, Inc.
- Hydrite Chemical Co.
- Espicorp Inc.
- All-Chemie, Ltd.
The Global Calcium Sulfite Market is segmented as follows:
By functionality
- bleaching agents
- bulking agents
- preservatives
- reducing agents
- and others
By Application
- drywall
- food additives
- wood pulp production
- and others
By End-user
- pharmaceutical
- paper, & pulp sectors
- water treatment
- food & beverage sector
- and others
Global Calcium Sulfite Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms ofvolume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold inthe market.