In the global market, the price trend of sodium hexametaphosphate, a chemical compound, was influenced by regional factors in 2023. In Asia, the prices initially improved due to strong domestic industry performance and increased overseas demand. However, towards the end of the quarter, inflation and reduced trading activities led to a decline. In Europe, inflation and decreased consumer purchasing power hampered price growth, exacerbated by oversupply and reduced inquiries. North America experienced a significant price drop, with low consumer interest, unfavorable feedstock prices, sluggish manufacturing, and ongoing banking crises. These regional dynamics shaped the fluctuating price trends of sodium hexametaphosphate throughout the year.
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Definition
Sodium hexametaphosphate possesses strong sequestration and chelating properties, making it effective in water treatment, as it can prevent scale formation and inhibit the precipitation of metal ions. Sodium hexametaphosphate acts as a dispersing agent and an emulsifier, which is valuable in detergents, cleaning products, and food additives. It also functions as a corrosion inhibitor, particularly in industrial applications where it helps protect metals from deterioration and oxidation.
Key Details About the Sodium Hexametaphosphate 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 hexametaphosphate 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 hexametaphosphate price chart, including India Sodium hexametaphosphate price, USA Sodium hexametaphosphate 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 Hexametaphosphate Price Trend:
Sodium hexametaphosphate (SHMP), a versatile chemical compound, finds numerous industrial applications. In the food industry, it acts as a sequestrant, emulsifier, and stabilizer, improving texture and quality in various processed foods. SHMP is utilized in water treatment to prevent scale formation and control water hardness, benefiting boiler systems and industrial water processes. It serves as a dispersing agent and chelating agent in detergents and cleaning products, enhancing their effectiveness in removing dirt and stains. In the textile industry, SHMP aids in dyeing processes, ensuring uniform color distribution. Furthermore, it is employed in the manufacture of ceramics, as a drilling mud additive in oil and gas exploration, and in various chemical processes due to its unique properties.
Key Players:
- ICL Performance Products
- Mexichem
- Chengxing Group
- Norwest Chemical
- Nandian Chemical
- Weifang Huabo
- Zhenhua Industry
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