Sodium Sulfide Market Trend 2020 Future Scope, Demands and Projected Industry Growths to 2025
Category: #business  By Ravi Chawat  Date: 2021-03-24
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Sodium Sulfide Market Trend 2020 Future Scope, Demands and Projected Industry Growths to 2025

Sodium Sulfide Market size is set to witness robust growth on account of increased demand from pulp and paper industry, textile industry, water treatment, and a range of chemical manufacturing processes, including sulfur dyes, rubber chemicals, and oil and recovery. In addition to the hydrate form, sodium sulfide tends to release hydrogen sulfide (H2S) provided it is in contact with moist air.

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Europe is set to provide lucrative opportunity to stakeholders as countries such as Germany, France and Spain registered over a quarter of global leather production. The growth is mainly attributed to easy access to premium raw materials and prevalence of technological leaderships.

Palpable demand from leather industry where sodium sulfide is used in dehairing animal hides is likely to fuel sodium sulfide market share. Dramatic rise in consumer purchasing power and upsurge in the number of working women have propelled demand for leather briefcases, footwear and jackets that will potentially trigger growth in sodium sulfide industry share.

Estimates claimed that low ferric sodium sulfide market size was worth US$ 180 mn in 2017 in the wake of its popularity in high-grade paper, PPS plastic, ore dressing, medicine industry, and printing and dyeing. Nevertheless, sodium sulfide offers several upsides such as solubility in both water and alcohol, high reactivity and high reducibility that are slated to unfold growth in sodium sulfide market size.

Sodium sulfide market size is slated to top UD$ 665 mn by 2024, according to Decresearch new research report.

Spearheaded by the U.S. and Canada, North America sodium sulfide industry is set to grow moderately at a CAGR of around 3%. Steady growth in the region is highly attributed to increasing demand for copper ore from mining and construction industries. Prominently, the U.S. sodium sulfide market size from water treatment applications exceeded US$ 3.5 mn in 2017.

Advent of improved wastewater treatment technologies and burgeoning population have been catalysts in augmenting sodium sulfide market share. Nevertheless, sodium sulfide is moderately soluble in water vis-à-vis other insoluble compounds including fluorides or oxides. 

Notable development witnessed in transportation industry has led to demand growth of copper, thereby fueling North America sodium sulfide market size expansion.

Germany sodium sulfide market from chemical processing applications is slated to experience growth rate of over 5% by 2024. Prominently, the product is used in manufacture of sulfur dyes meant for textile industry and an array of chemical applications such as sulfonization and sulfomethylation in the rubber industry.

On the other hand, APAC sodium sulfide market is expected to be spurred by unprecedented growth witnessed in construction and manufacturing industry in India and China. Meanwhile, India sodium sulfide market will expand moderately at a growth rate of 4% during the assessment period 2018-2024.

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Growth in sodium sulfide market share is set to be unfolded by soaring popularity of technical grade in laboratory, manufacturing and industrial application. Markedly, technical grade is increasingly used as heavy metal remover in wastewater treatment, reducing agent in pharmaceutical industry, sulfur removal in viscose rayon and heavy water production in power plants. Accordingly, estimates predict technical grade sodium sulfide market to exceed US$ 460 mn by 2024.

Meanwhile, sodium sulfide market size pertaining to textile industry applications is expected to exceed US$ 50 mn by 2024. Predominantly, the product acts as a bleaching agent for de-sulfurizing and provides the innate ability to minimize negative charges on fibers and enables balanced dye penetration.

Browse More Info:

https://www.marketwatch.com/press-release/by-2024-tall-oil-fatty-acid-market-to-grow-at-a-cagr-of-over-4-2021-02-23?tesla=y

https://www.marketwatch.com/press-release/xylenols-market-to-amass-significant-gains-by-2026-2021-02-23?tesla=y

https://www.globenewswire.com/news-release/2018/09/04/1564915/0/en/Metallic-Stearate-Market-to-hit-7bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2018/08/06/1547300/0/en/Metallic-Pigments-Market-to-exceed-2-3-Billion-by-2024-Global-Market-Insights-Inc.html

About Author

Ravi Chawat    

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article c...

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