esearch: The global market for 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) is expected

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QYResearch 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) is a kind of intermediate and modifier used in medicine, pesticide and polyester synthesis. It is stable white powder at normal temperature and pressure. It is soluble in water, irritant and corrosive and has certain harm to water.

QYR The global market value of the 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) market was estimated to be around 930.67Million USD in 2015 and is projected to grow at a CAGR of around 8.6% between 2017 and 2022. The high demand for the 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) across the chemical industry will increase the overall 5Sulfoisophthalic Acid Monosodium Salt consumption.

Industry concentration is not high, belongs to the labor-intensive type. The global market with the top ten companies including WAKO, TCI ,FutureFuel , ABCR GmbH, BIOSYNTH, CM Fine , Santa Cruz, Ivy Fine ,Richman , DEZHOU RUIQIAO is only accounting for over 30% of the global market in 2015. The factory of companies tend to migrate to Southeast Asia due to labor costs and raw material prices.

In China, 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) have a certain market as the development of polyester industry but the industry still faces many difficulties. As the same time, in Chinese market, some common foreign brands occupy relative large market share, such as WAKO,TCI ,FutureFuel , ABCR GmbH, BIOSYNTH.

QYR 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to the Chemical and Pharmaceutical field, especially in underdevelopment regions that have a large population and fast economic growth and the downstream application increasing, the need of 5-Sulfoisophthalic Acid Monosodium Salt (CAS: 6362-79-4) maybe increase.

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