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Research Nester published a report titled “Disulfurous Acid Market : Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global disulfurous acid market in terms of market segmentation by product grade, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global disulfurous acid market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The market is segmented based on product grade into food grade, cosmetic grade, industrial grade, and others. Out of these, the industrial grade segment is estimated to witness growth with notable CAGR over the forecast period, on the back of high demand for disulfurous acid in the healthcare sector for production of drugs. As industrial grade acid is a strong formulation, it can deliver higher reduction in any chemical compound, which is desired in the pharmaceutical application of disulfurous acid.
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The global disulfurous acid market is estimated to grow on the back of increasing use of disulfurous acid in the pharmaceutical, and food and beverages industries. The increasing demand for disulfurous acid for manufacturing medical drugs, owing to its reducing properties, is estimated to boost the market growth. The growth in the pharmaceutical industry is also expected to promote the market growth. For instance, the revenue generated by the global pharmaceutical industry reached over USD 1.2 trillion, in 2020. Furthermore, disulfurous acid is also used for manufacturing alcoholic beverages, which is also estimated to surge its demand over the years. Moreover, the growing manufacturing of chemicals worldwide, is further projected to fuel the growth of the market.
On the basis of geographical analysis, the global disulfurous acid market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is foreseen to witness noteworthy growth during the forecast period, on the account of the presence of a huge chemical industry in the developing countries, such as, India, China, and Japan. Moreover, easy availability of cheap labor and raw materials is estimated to promote the growth of the chemical industry, which in turn, is expected to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Demand for Disulfurous Acid in the Pharmaceutical Industry to Boost the Market Growth
Backed by the growing concern for different types of chronic diseases worldwide, there is a rising need for the development of advanced pharmaceutical drugs amongst the pharmaceutical organizations. To manufacture these drugs, there is growing need for specialty chemicals, such as disulfurous acid. The chemical compound oxidizes certain other chemicals and hence it is widely used in the manufacturing of different types of medicines and drugs. Besides this, the beneficial properties of the chemical compound, such as, being a very strong reducing agent, is further estimated to propel the growth of the market during the forecast period.
However, hazardous nature and lack of presence of disulfurous acid in free-state are expected to operate as key restraint to the growth of global disulfurous acid market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global disulfurous acid market which includes company profiling of Lanxess AG, Borealis AG, The Syngenta Group, Huntsman Corporation, Shin-Etsu Chemical Co., Ltd., Asahi Kasei Corporation, SK Innovation Co., Ltd., Koninklijke DSM N.V., LOTTE Chemical Corporation, and PPG Industries, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global disulfurous acid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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