Chemical Industry Report - China's sodium sulfite market size will reach 435 million yuan in 2028

Published Date: 2022-09-12
Sodium sulfite (chemical formula: Na2SO3) is an inorganic compound. It is white granular powder at room temperature, soluble in water, and has reducibility. It disproportionates into sodium sulfide and sodium sulfate when heated, and is gradually oxidized to sodium sulfate when placed in the air. It can exist in three forms of anhydrous, heptahydrate and decahydrate, among which anhydrous is the least easily oxidized. Its aqueous solution is alkaline due to hydrolysis, and toxic sulfur dioxide gas is released when acidified. Sodium sulfite can be prepared by passing sulfur dioxide into sodium hydroxide solution. When the sulfur dioxide is excessive, sodium hydrogen sulfite is generated.

Sodium sulfite, common sulfite, colorless, monoclinic crystal or powder. It is irritating to eyes, skin and mucous membranes and can pollute water sources. Decomposed by high heat to produce toxic sulfide fumes. In industry, it is mainly used to make cellulose sulfite, sodium thiosulfate, organic chemicals, bleached fabrics, etc. It is also used as a reducing agent, preservative, and dechlorination agent. Food industry is used as bleaching agent, preservative, bulking agent, antioxidant.

Sodium sulfite can be used as a developer, a preservative for dried fruits and meat, a deoxidizer in the printing and dyeing industry, and as a reducing chemical reagent in chemical and laboratory production and synthesis.

With the expansion of daily chemicals and food processing plants, downstream demand is gradually increasing. Tight supply has led to higher prices for upstream raw materials.

Covid-19 has led to a reduction in downstream production demand in various countries, and low operating rates have resulted in little change in the market price of sodium sulfite. But for China, which is less affected by the epidemic, its downstream consumption has maintained steady growth.

In 2021, China's sodium sulfite market size will reach 343 million yuan, and it is expected to reach 435 million yuan in 2028, with a compound annual growth rate (CAGR) of 3.77%.

At present, China's major manufacturers include Sanxiang Chemical, Haolin Chemical, Aoke Chemical, Flextronics and Xinghua Chemicals, etc. The share of major manufacturers in 2021 will exceed 70%. With the development of downstream industries, it is expected that in the next few years Industry competition will be more intense, especially in the Midwest.

Development trend of sodium sulfite industry

【Intensifying Competition】The competition among suppliers will intensify during the forecast period. Suppliers will compete on the basis of pricing, user-friendliness, value-added benefits and service mix to provide a competitive advantage in the market. During the forecast period, we expect this competition to intensify as product expansion increases.

【Continuous Innovation】Technical innovation plays an important role in driving market growth. To survive in a competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies.

[Technology Upgrade and Mergers and Acquisitions] On the one hand, adjust and optimize the industrial structure with technological innovation. At present, it is self-evident that European and American countries are driving industrial transformation and upgrading through technological innovation. Strengthening technological innovation, adjusting and optimizing the structure of fine chemical products, and focusing on the development of high-performance, specialized and green products have become an important measure for the development of the world's fine chemicals, and also the key direction of the future development of the world's fine chemicals.

On the other hand, enhance core competitiveness through mergers and acquisitions. Many well-known companies around the world adjust their business structures through mergers, acquisitions or reorganizations, withdraw from uncompetitive industries, increase investment in competitive industries, and focus on developing fine chemicals with market potential to consolidate and expand market shares , improve economic efficiency and international competitiveness.

Supply chain analysis of sodium sulfite industry

[Upstream industry] The supply of raw materials and price fluctuations have a greater impact on the production of sodium sulfite.

【Downstream Industry】The growing demand for high-performance products in the downstream market is expected to drive the growth of the sodium sulfite industry. The development of sodium sulfite production technology has contributed to the development of food, specialty chemicals, medical and other application fields.