Sodium Bisulfate Market Analysis: Prices, Index, Trend & Forecasts by Procurement Resource
In 2023, the global sodium bisulfate market exhibited varying trends across key regions. In Asia, the first quarter saw a price increase driven by heightened demand and reduced domestic production during the spring festival, alongside rising raw material costs. However, the second quarter witnessed a decline as both domestic and international procurement rates dropped due to reduced inquiries from downstream industries.
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In Europe, the first quarter saw price rises despite lower freight costs, with balanced supply and demand. The second quarter, however, experienced negative price impacts from increased production expenses, high stock availability, and reduced interest from end-user industries.
In North America, the first quarter had sufficient inventories to meet demand, but the second quarter saw supply and demand fluctuations, resulting in a price decline due to hesitant consumer orders and reduced consumption. These regional trends highlighted the intricate interplay of supply, demand, and economic factors in shaping sodium bisulfate pricing.
Definition
Sodium bisulfate, chemically represented as NaHSO3, is a white crystalline compound with versatile chemical properties. It is a salt of sodium and sulfurous acid and is widely utilized in various industrial applications. Sodium bisulfate is known for its strong reducing properties, making it an effective chemical for dichlorination and oxygen removal in water treatment processes. Its ability to react with and neutralize chlorine compounds has applications in the food and beverage industry for dechlorinating water used in various processes.
Sodium bisulfate is also employed as a preservative in the food industry, preventing discoloration and oxidation of food products. Furthermore, it is used in the photographic industry for fixing and preserving photographs, as it can act as a reducing agent to remove excess silver ions. Its chemical versatility and reducing properties make sodium bisulfate a valuable compound in a range of industrial applications, from water treatment to food preservation and photography.
Key Details About the Sodium Bisulfate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Bisulfate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Bisulfate Price chart, including India Sodium Bisulfate price, USA Sodium Bisulfate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Bisulfate Price Trend:
Sodium bisulfate finds extensive industrial applications owing to its versatile properties. In the water treatment sector, it serves as a potent dechlorinating and oxygen-scavenging agent, effectively removing chlorine and reducing dissolved oxygen in various processes, such as in the treatment of boiler feedwater and in the pulp and paper industry.
The food and beverage industry utilizes sodium bisulfate as a preservative to prevent oxidation and browning of fruits, vegetables, and food products, ensuring longer shelf life. In the photographic industry, it plays a crucial role in the fixing and preservation of photographs by removing excess silver ions. Moreover, sodium bisulfate is employed in the textile industry for dyeing and bleaching processes. Its versatility as a reducing agent and its capacity to prevent spoilage and degradation make sodium bisulfate an essential component in multiple industrial applications, contributing to the quality and longevity of various products.
Key Players:
- Jones-Hamilton
- Nippon Chemical
- Qingado Develop Chemistry
- Turoksi Kimya
- ERC Kimya
- AKO KASEI
- Tianjin Hongsheng Chemical
- Lianyungang Xingang Chemical
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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