Analysis of Disulfurous Acid Market applications and companies
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Disulfurous acid market has wide spread applications across various end user industries including food processing, cosmetics, alcoholic beverage, reducing agent, etc. The product is extensively used as a food preservative in food processing industry. Robust demand of processed food primarily in North America and Europe is driving the food processing industry. It is primarily due to increasing work force and fast moving lifestyles of people in these regions.
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Disulfurous acid market has noteworthy application in cosmetics industry due to its usage in preparing fragrance such as perfumes, deodorants, etc. With changing life styles of consumers across globe, there has been a significant change in trends and henceforth contributing towards growing cosmetics industry. It will ultimately have positive influence towards growing trends in the global disulfurous acid market by 2024.
Growing opportunities in the disulfurous acid market is due to its extensive use in pharmaceutical industry. Pharma sector is booming and growing at a CAGR of over 4% across the globe. It is likely to create plentiful opportunities for disulfurous acid market over the projected timeframe.
The alcoholic beverage industry is mounting and is expected to grow at a CAGR of over 3% during the forecast period. The product is used as wine additive and henceforth, it shall contribute towards growing trends of the industry in the coming future. The disulfurous acid market has widespread application as a reducing agent to retard oxidation for easily oxidized drugs such as epinephrine hydrochloride and phenylephrine hydrochloride injections in pharmaceutical industry.
The disulfurous acid market size is segmented based on various end-user industries including food processing, cosmetics, alcoholic beverage and pharmaceuticals. The food processing industry is escalating and is forecast to grow at a CAGR of over 4% in the coming years. Due to increasing working professionals primarily in North America and Europe, it has resulted in changing trends in the industry leading to growing product demand for packaged food.
In North America, the U.S. contributes highly towards the growing disulfurous acid market size. It is due to prevalence of massive end-user industries including food processing, alcoholic beverage, cosmetics industry, etc., which ultimately propels the product demand. In Europe, countries including the U.K., Germany, Russia, Italy, France, and the Netherlands are primary leaders expected to propel disulfurous acid market size in the coming years.
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Key disulfurous acid market share contributors are Mins Group Co., Ltd., Shenyang Kaiyingsheng Chemicals Co., Ltd., Hue and En (China) Ltd., Jinan JuHeng Chemical Co. Ltd., Bombay Lubricants Oil Company nad Toronto Research Chemicals.
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