Sodium Sulfide Market By Product Types, Applications And Regions – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2024

Sodium Sulfide Market By Product Types, Applications And Regions – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2024

The Rising usage of sodium sulfide preparations as a reducing agent in organic chemistry as well as for ore flotation in the mining industry is expected to stimulate sodium sulfide market growth through the coming years. The global sodium sulfide market is projected to surpass USD 650 million by 2024, cites recent research by Global Market Insights, Inc.

Given the usability of sodium sulfide as a stabilizing agent, the chemical is highly utilized in the leather industry as a depilatory agent in the process of tanning. Other sodium sulfide uses comprise wood decomposition, removal of nitric oxides from exhaust gases, and coloring of glass amongst others.

Myriad sodium sulfide uses - such as its deployment in the production of sulfur dyes in the treatment of wastewater for heavy metal precipitation, are further set to escalate sodium sulfide market expansion through the estimated span.

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Key sodium sulfide manufacturers comprise Longfu Group, Shaanxi Fuhua Chemical Co., Ltd., Sankyo Kasei, Nafine Group International Co., Ltd., Solvay, Athiappa Chemicals, Hebei Xinji Chemical Group Co., Ltd, and others.

Some prominent trends impelling sodium sulfide market growth are as follows:

Low ferric sodium sulfide segment to spur global sodium sulfide market size

Extensive application in high grade paper, PPS plastic, printing and dyeing, and medicine industries is poised to drive low ferric sodium sulfide segment growth over the forecasted period. As per estimates, low ferric sodium sulfide segment accounted for a revenue of over USD 180 million in 2017.

Additionally, numerous advantages of sodium sulfide preparations comprising high reactivity, high reducibility, as well as solubility in both water and alcohol are likely to influence sodium sulfide industry outlook through the estimated period.Surging copper ore demand to lead North America sodium sulfide industry growth

North America sodium sulfide market is poised to witness remarkable growth of around 3 per cent through 2024, driven by the surging demand for copper ore from mining and construction industries in Canada and the U.S.

This growth is primarily attributed to the escalating advancements in the transportation industry pertaining to the development of high-speed trains that require more copper in comparison to traditional electric trains.

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Pulp and paper industry to push sodium sulfide revenue growth

Increasing demand for packaging papers and tissues in Greece, China, Brazil, and Bulgaria is expected to drive sodium sulfide market expansion through the projected period. Sodium sulfide market from pulp and paper application is slated to witness a commendable growth of more than 6.5 per cent through 2024.

Sodium sulfide plays a crucial role in the pulp and paper industry in the processing of bagasse fibers, wood, and bamboo to pulp. The chemical is also used in the bleaching of this pulp and for according strength to paper items.

On the whole, surging sodium sulfide uses in various laboratory, manufacturing, and industrial applications is estimated to stimulate global sodium sulfide market expansion, driven by appreciable growth of technical grade sodium sulfide segment through the analysis period.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

 

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