Global Sodium Bifluoride Market Expected to Grow at a CAGR of 5.2% by 2030
According to a new report published by MarkWide Research, titled, “Global Sodium Bifluoride Market,” the global market for sodium bifluoride is poised for steady growth. Sodium bifluoride, also known as sodium hydrogen difluoride, is a chemical compound used in various applications, including water treatment, metal surface treatment, and manufacturing of chemicals. The market is projected to achieve a Compound Annual Growth Rate (CAGR) of 5.2% over the forecast period from 2023 to 2030.
Sodium bifluoride finds applications in different industries, including the water treatment sector for fluoridation, and in industrial processes where a source of fluoride is required. Its versatility and widespread use contribute to the growing demand for sodium bifluoride in the market.
Increasing Applications in Water Treatment Drive Market Growth
Sodium bifluoride is extensively used for water treatment to improve the quality of drinking water. It helps prevent dental cavities and is added to water to provide the population with the benefits of fluoride. The increasing focus on water treatment and fluoridation programs is driving the demand for sodium bifluoride.
Metal Surface Treatment Applications Foster Demand
In the industrial sector, sodium bifluoride is utilized for metal surface treatment processes, such as pickling and cleaning. It helps remove impurities and scales from metal surfaces, preparing them for subsequent processing or finishing. The growth of the industrial sector worldwide is boosting the demand for sodium bifluoride in metal surface treatment applications.
Market Segmentation
The global sodium bifluoride market can be segmented based on grade, application, end-use industry, and geography.
Grade:
- Technical Grade
- Pharmaceutical Grade
- Others
Application:
- Water Treatment
- Metal Surface Treatment
- Manufacturing of Chemicals
- Others
End-Use Industry:
- Water Treatment
- Metallurgy
- Chemicals
- Pharmaceuticals
- Others
Regional Outlook:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Asia-Pacific Emerges as the Market Leader
Asia-Pacific currently holds a significant share of the sodium bifluoride market, primarily due to the region’s robust industrial and water treatment sectors. Countries like China, India, and Japan have a high demand for sodium bifluoride in various applications, contributing to the region’s dominant position. Asia-Pacific is expected to maintain its leading role throughout the forecast period.
Key Players
Prominent companies in the sodium bifluoride market include:
- Solvay S.A.
- Honeywell International Inc.
- Derivados del Flúor S.A.
- S B Chemicals
- Jay Intermediates and Chemicals
- Navin Fluorine International Limited
- Harshil Industries
- Pravin Chemicals
- Shreenivas Chemicals
- Tianjin Yufeng Chemical Co., Ltd.
These companies are actively involved in research and development activities and strategic collaborations to expand their product offerings and market presence.
Future Prospects
The sodium bifluoride market offers steady growth prospects, driven by its diverse applications in water treatment, metal surface treatment, and chemical manufacturing. With a projected CAGR of 5.2% from 2023 to 2030, the market is poised for consistent expansion.
Conclusion
The global sodium bifluoride market is witnessing steady growth, fueled by the increasing applications of sodium bifluoride across industries, particularly in water treatment and metal surface treatment. As industries continue to prioritize the quality of water and surface treatment processes, the demand for sodium bifluoride is expected to rise, presenting promising prospects for the market.