Sulfur Dioxide Market Forecast to Reach $11.8 Billion by 2025
Sulfur Dioxide Market is forecast to reach $11.8 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. With rise in the consumption of food and beverages, the Sulfur Dioxide market is witnessing an increase in demand. COVID 19 pandemic is expected to face few hurdles in the near future.
Sulfur Dioxide Market Segment Analysis - By Application
Preservatives segment holds the largest share in the Sulfur Dioxide market. This chemical compound finds wide use in the food and beverage industry as an antioxidant and as a preservative. Sulfur dioxide is used as a food preservative for some fruits and vegetables. It becomes a liquid under pressure. Sulphur dioxide is widely used in the food and drinks industries for its properties as a preservative and antioxidant. Whilst harmless to healthy persons when used in recommended concentrations, it can induce asthma when inhaled or ingested by sensitive subjects, even in high dilution. Sulfur dioxide might not sound good enough to eat, but this food preservative does make its way into a number of edibles, including dried fruits such as raisins, dried apricots and prunes. Sulfur dioxide is one type of sulfite, a preservative whose name might be more familiar.
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Sulfur Dioxide Market Segment Analysis - By End Use
Food and Beverages sector has been the primary market for Sulfur Dioxide. Sulphur dioxide and sulphites are permitted in a wide range of foods including dried fruits, breakfast sausages and burger meats. When fruits and vegetables are processed to food products such as wine and snacks, in most cases sulphur dioxide (SO2) has a finger in the pie. The main function of this additive is the prevention of enzymatic and non-enzymatic browning in foods, especially fruit and vegetable products. In addition, sulphur dioxide has strong antimicrobial capacity and preserves against microbial spoilage. Sulphur dioxides and sulphites are chemical compounds that can be naturally occurring (sulphur dioxide is present in wine or beer, for example) and are most commonly used as preservatives in a wide range of foods. They are used to extend the shelf life of products, as well as to kill bacteria, and are popular due to their ability to maintain product colour and have a softening effect – particularly useful in the dried fruit market.
Sulfur Dioxide Market Segment Analysis - By Geography
APAC dominated the Sulfur Dioxide market with a share of more than xx%, followed by North America and Europe. China and India re the major countries in this region. Sulfur dioxide is the chemical compound with the formula SO₂. It is a toxic gas responsible for the smell of burnt matches. The consumption of sulfur dioxide in the food and beverages industry is increasing as the demand for packaged and processed food material is on the rise. The production of sulfur dioxide for the food and beverages sector is projected to display an attractive growth rate by the end of the forecast period.
Sulfur Dioxide Market Drivers
Growing Demand for Processed Food Material
Food processing is any method used to turn fresh foods into food products. This can involve one or a combination of various processes including washing, chopping, pasteurizing, freezing, fermenting, packaging, cooking and many more. Food processing also includes adding ingredients to food, for example to extend shelf life. Food processing includes traditional (heat treatment, fermentation, pickling, smoking, drying, curing) and modern methods (pasteurization, ultra-heat treatment, high pressure processing, or modified atmosphere packaging.
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Sulfur Dioxide Market Challenges
Health Effects of Sulfur Oxides
Sulfur dioxide is a respiratory irritant that is highly soluble in the aqueous surfaces of the respiratory airways. Because of this high solubility, most of the sulfur dioxide is absorbed in the nose and upper airways and very little reaches the lungs directly. Inhalation of high ambient concentrations of sulfur dioxide can cause stimulation of the nerves in the air passages, resulting in a reflex cough, irritation, and chest tightness. Absorption of sulfur dioxide is concentration-dependent, with 85% absorption in the nose at 4–6 μg m−3. With the common ambient concentrations of sulfur dioxide, absorption in the upper airways may be inefficient. Increased flow rates reduce the percentage of inspired sulfur dioxide absorbed in the nose and upper airways, and thus exercise promotes delivery to the smaller airways.
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for Sulfur Dioxide.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sulfur Dioxide market. In 2019, the market of Sulfur Dioxide has been consolidated by the top five players accounting for xx% of the share. Major players in the Sulfur Dioxide Market are Boliden Group, INEOS Group AG, Praxair Technology, Inc., The Linde Group, Kemira Oyj, Chemtrade Logistics Inc., Calabrian Corporation, Grillo-Werke AG, PVS Chemicals Inc., and Esseco Group Srl., among others.
Acquisitions/Technology Launches
In June 2020, INEOS Group AG has acquired 6 organizations. Their most recent acquisition was BP Petrochemicals. They acquired BP Petrochemicals for $5B.
Key Takeaways
Asia-Pacific dominates the Sulfur Dioxide market owing to increasing demand from applications fertilizers, preservatives and others.
The growing usage for preservative in food and beverages, is likely to aid in the market growth of Sulfur Dioxide.
Sulfur dioxide is also used as a dipping agent in wastewater treatment which will increase the market demand for Sulfur Dioxide in the near future.
COVID 19 pandemic will create hurdles for the Sulfur Dioxide market.
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