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.
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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
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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Leather industry to contribute a remarkable share to sodium sulfide market
A surge in the number of working women coupled with rising consumer purchasing power has been instrumental in augmenting the demand for leather suitcases, jackets, footwear, and briefcases, in turn creating lucrative prospects for the growth of sodium sulfide market through the ensuing years.
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.
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