The "Taiwan Sulphur Dioxide Market | Segmentation, Size & Revenue, Growth, Industry, Value, Companies, Outlook, Share, Forecast, Trends, Competitive Landscape, Analysis: Market Forecast By End-use, By Application and competitive landscape" report has been added to ResearchAndMarkets.com's offering.
The Taiwan sulphur dioxide market has experienced growth, driven by its increasing use across key sectors including biomedical, manufacturing, and food & beverages. Taiwan's manufacturing sector reached USD 137 billion in output in Q1 2023, with the semiconductor industry growing by 14.06%. This upward trend favours the sulphur dioxide market, as it plays a critical role in processes like semiconductor etching and metal refining. With Taiwan's total manufacturing production valued at USD 595.6 billion in 2023, the sector is expected to continue growing, further driving demand for sulphur dioxide in the coming years.
Taiwan's Sulphur Dioxide Market is projected to grow at a CAGR of 3.7% from 2024-2030F. The growth is projected to persist, fueled by ongoing developments in the biomedical and food & beverage sectors. Sulphur dioxide is key in food preservation, particularly in products such as dried fruits, beverages, and wine.
As the food and beverage market is projected to grow from USD 41 billion in 2022 to USD 49.2 billion by 2027, the demand for sulphur dioxide in food processing is set to rise. This expansion, supported by increased consumer spending and a shift towards convenience foods, has driven retail sales in the packaged food market to USD 12.5 billion in 2023, with continued growth anticipated.
In Taiwan, sulphur dioxide is also integral to the biomedical sector, particularly in pharmaceutical sterilization and synthesis, aligning with the nation's focus on precision medicine and biotechnology. Additionally, Taiwan's biomedical sector, expected to reach USD 32 billion by 2025, supported by government initiatives and partnerships with global leaders such as BioNTech SE and Thermo Fisher Scientific, would likely further boost demand for Sulphur Dioxide. Therefore, the continued expansion of these sectors in Taiwan is expected to significantly drive the demand for sulphur dioxide, positioning it as a crucial component in these rapidly growing industries.
Report Scope:
Market Segmentation By End-use
- The food and beverage sector in Taiwan is expected to experience the highest growth rate in the sulphur dioxide market due to its extensive use as a preservative and antioxidant in various products, including dried fruits, pickled foods, and beverages. This growth is driven by increasing consumer demand for processed and preserved foods, necessitating the use of sulphur dioxide to maintain product quality and extend shelf life.
Market Segmentation By Application
- The Food Preservatives and Antioxidants segment is expected to witness the highest growth in Taiwan's sulphur dioxide market owing to rising consumer demand for processed foods with extended shelf life. Therefore, as Taiwan's food processing industry expands, sulphur dioxide's role in preserving freshness and preventing oxidation would further propel growth in this application.
Report Scope:
- 10 Years Market Numbers
- Historical Data Starting from 2020 to 2023
- Base Year: 2023
- Forecast Data until 2030
- Key Performance Indicators Impacting the Market
- Major Upcoming Developments and Projects
Companies Profiled:
- Hong-Kuang Hi-Tech Corp
- Air Liquide Far Eastern
- Air Products and Chemicals, Inc.
- Lianhua Linde
- Tokyo Chemical Industry Co.
- Sumitomo Seika Chemicals Co.
- Resonac Specialty Gas Taiwan Co.
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Taiwan Sulphur Dioxide Market Overview
3.1. Taiwan Sulphur Dioxide Market Revenues, 2020-2030F
3.2. Taiwan Sulphur Dioxide Market - Industry Life Cycle
3.3. Taiwan Sulphur Dioxide Market - Porter's Five Forces
4. Taiwan Sulphur Dioxide Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Taiwan Sulphur Dioxide Market Trends
6. Taiwan Sulphur Dioxide Market Overview, By End-use
6.1. Taiwan Sulphur Dioxide Market Revenues and Revenue Share, By End-use, 2023 & 2030F
6.1.1 Taiwan Sulphur Dioxide Market Revenues, By Chemicals, 2020-2030F
6.1.2 Taiwan Sulphur Dioxide Market Revenues, By Food & Beverages, 2020-2030F
6.1.3 Taiwan Sulphur Dioxide Market Revenues, By Pulp and Paper, 2020-2030F
6.1.4 Taiwan Sulphur Dioxide Market Revenues, By Water Treatment, 2020-2030F
6.1.5 Taiwan Sulphur Dioxide Market Revenues, By Bio-medical, 2020-2030F
6.1.6 Taiwan Sulphur Dioxide Market Revenues, By Others, 2020-2030F
7. Taiwan Sulphur Dioxide Market Overview, By Application
7.1. Taiwan Sulphur Dioxide Market Revenues and Revenue Share, By Application, 2023 & 2030F
7.1.1 Taiwan Sulphur Dioxide Market Revenues, By Sulphuric Acid, 2020-2030F
7.1.2 Taiwan Sulphur Dioxide Market Revenues, By Bleaching Agent, 2020-2030F
7.1.3 Taiwan Sulphur Dioxide Market Revenues, By Refrigerating Agent, 2020-2030F
7.1.4 Taiwan Sulphur Dioxide Market Revenues, By Food Preservatives and Antioxidants, 2020-2030F
8. Taiwan Sulphur Dioxide Market Key Performance Indicators
9. Taiwan Sulphur Dioxide Market Opportunity Assessment
9.1 Taiwan Sulphur Dioxide Market Opportunity Assessment, By End-use, 2030F
9.2 Taiwan Sulphur Dioxide Market Opportunity Assessment, By Application, 2030F
10. Taiwan Sulphur Dioxide Market Competitive Landscape
10.1 Taiwan Sulphur Dioxide Market Revenue Ranking, By Top 3 Companies (2023)
10.2 Taiwan Sulphur Dioxide Market Competitive Benchmarking, By Operating Parameters
11. Company Profiles
- Hong-Kuang Hi-Tech Corp
- Air Liquide Far Eastern
- Air Products and Chemicals, Inc.
- Lianhua Linde
- Tokyo Chemical Industry Co.
- Sumitomo Seika Chemicals Co.
- Resonac Specialty Gas Taiwan Co.
12. Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/xps48
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