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The global sodium sulphide market was worth USD 10.1 billion in 2021 and is expected to reach USD 16.21 billion by 2030, expanding at a CAGR of 5.4% between 2023 and 2030, from USD 10.65 billion in 2022.
There are a number of factors contributing to the expansion of the global sodium sulphide market, including rising demand from various industrial sectors including the leather business, paper industry, and chemical processing. The demand for leather goods such as shoes, clothes, and accessories is on the rise, especially in developing countries. Because it aids in the removal of hair and other impurities from animal hides, sodium sulphide is an essential component in the leather tanning process, which ultimately results in high-quality leather goods. Sodium sulphide consumption is predicted to increase as the worldwide demand for leather goods rises in tandem with the expansion of the fashion industry. There will be a favourable effect on the sodium sulphide market from the rising demand for paper and paper-based products due to the increasing global emphasis on sustainable packaging and eco-friendly materials.
classification system
Solid sodium sulphide is the most common form sold worldwide. It commands a sizable portion of the market and finds extensive use in a wide range of sectors and contexts. However, liquid sodium sulphide represents the fastest-growing segment of the worldwide sodium sulphide market. As it finds more uses in places like chemical production, water treatment, and mining, the demand for liquid sodium sulphide is rising quickly.
Evaluation Through Use
In terms of global market share, the pulp and paper sector is the largest consumer of sodium sulphide. In the kraft pulping process, sodium sulphide is used for delignification of wood fibres, making it an essential ingredient in the production of pulp and paper. Its ability to effectively remove lignin from wood chips has made it a crucial chemical in the manufacture of high-quality pulp. However, sodium sulfide's use in the water treatment sector is rapidly expanding. The need for efficient water treatment methods has skyrocketed as worries about water pollution and contamination spread around the world. Heavy metal removal and sulphide compound precipitation are just two of the many water treatment methods that benefit from sodium sulphide. Its rapid expansion in the water treatment industry can be attributed to the success it has had in purifying municipal water and industrial wastewater.
The powerful industrial and manufacturing sector in Asia-Pacific is a key factor in the region's rise to prominence, as it is the primary driver of the region's high demand for Sodium Sulphide. Many countries, including China, India, and Japan, use Sodium Sulphide in their leather, textile, and chemical industries for tasks including dying, dehairing, and ore processing. Asia-Pacific already dominates the worldwide sodium sulphide market because of the region's massive population and rapid economic growth.
However, Latin America is the fastest-growing region for sodium sulphide sales worldwide. Sodium sulphide is being used more frequently in industries like pulp and paper production, textiles, and water treatment as a result of the region's increasing industrialization and economic development. As a result, nations like Brazil and Chile, where Sodium Sulphide is used in ore processing, are seeing an increase in mining activity. The rise of these sectors, together with supportive government policies, is fueling the development of the region's sodium sulphide market.
Key Market Developments
As the leather industry grows, particularly in developing countries, so does the demand for sodium sulphide, a crucial ingredient in the leather manufacturing process. Increasing demand for sodium sulphide is a result of rising demand for leather items such as shoes, clothing, and accessories. In addition, manufacturers' search for environmentally friendly options in production is anticipated to affect the market. This is because of developments in leather processing technology and the adoption of sustainable practises. Since sodium sulphide is used in the production of leather, its popularity is likely to increase in the near future.
Report Coverage
Global Sodium Sulfide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sodium Sulfide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sodium Sulfide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sodium Sulfide market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sodium Sulfide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sodium Sulfide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Solvay SA (Belgium), Tessenderlo Group (Belgium), Sankyo Kasei Co., Ltd. (Japan), Longfu Group (China), Sichuan Shenhong Chemical Industry Co., Ltd. (China), Athiappa Chemicals (India), Xinxiang Liaohe Oilfield Tianyi Chemical Co., Ltd. (China), Shanxi Naipu Import & Export Co., Ltd. (China), Nafine Group International Co., Ltd. (China), Tianjin Xibeier International Co., Ltd. (China), Shaanxi Fuhua Chemical Co., Ltd. (China), Nafine Chemical Industry Group Co., Ltd. (China), Nease Co. LLC (US), Henan Province Nafine Chemical Industry Group Co., Ltd. (China), Chemical Products Corporation (US), Crowncore (US), ProChem, Inc. (US), China Sodium Sulfide Industry Corporation (China), Xinxiang Xingsheng Chemical Co., Ltd. (China), Nafine Group International Co., Ltd. (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sodium Sulfide market based on the below-mentioned segments:
Global Sodium Sulfide Market, By Type
Solid Sodium Sulfide
Liquid Sodium Sulfide
Global Sodium Sulfide market, By Application
Pulp and Paper
Textile
Water Treatment
Mining
Leather Processing
Others
Global Sodium Sulfide market, Regional Analysis
There are a number of factors contributing to the expansion of the global sodium sulphide market, including rising demand from various industrial sectors including the leather business, paper industry, and chemical processing. The demand for leather goods such as shoes, clothes, and accessories is on the rise, especially in developing countries. Because it aids in the removal of hair and other impurities from animal hides, sodium sulphide is an essential component in the leather tanning process, which ultimately results in high-quality leather goods. Sodium sulphide consumption is predicted to increase as the worldwide demand for leather goods rises in tandem with the expansion of the fashion industry. There will be a favourable effect on the sodium sulphide market from the rising demand for paper and paper-based products due to the increasing global emphasis on sustainable packaging and eco-friendly materials.
classification system
Solid sodium sulphide is the most common form sold worldwide. It commands a sizable portion of the market and finds extensive use in a wide range of sectors and contexts. However, liquid sodium sulphide represents the fastest-growing segment of the worldwide sodium sulphide market. As it finds more uses in places like chemical production, water treatment, and mining, the demand for liquid sodium sulphide is rising quickly.
Evaluation Through Use
In terms of global market share, the pulp and paper sector is the largest consumer of sodium sulphide. In the kraft pulping process, sodium sulphide is used for delignification of wood fibres, making it an essential ingredient in the production of pulp and paper. Its ability to effectively remove lignin from wood chips has made it a crucial chemical in the manufacture of high-quality pulp. However, sodium sulfide's use in the water treatment sector is rapidly expanding. The need for efficient water treatment methods has skyrocketed as worries about water pollution and contamination spread around the world. Heavy metal removal and sulphide compound precipitation are just two of the many water treatment methods that benefit from sodium sulphide. Its rapid expansion in the water treatment industry can be attributed to the success it has had in purifying municipal water and industrial wastewater.
The powerful industrial and manufacturing sector in Asia-Pacific is a key factor in the region's rise to prominence, as it is the primary driver of the region's high demand for Sodium Sulphide. Many countries, including China, India, and Japan, use Sodium Sulphide in their leather, textile, and chemical industries for tasks including dying, dehairing, and ore processing. Asia-Pacific already dominates the worldwide sodium sulphide market because of the region's massive population and rapid economic growth.
However, Latin America is the fastest-growing region for sodium sulphide sales worldwide. Sodium sulphide is being used more frequently in industries like pulp and paper production, textiles, and water treatment as a result of the region's increasing industrialization and economic development. As a result, nations like Brazil and Chile, where Sodium Sulphide is used in ore processing, are seeing an increase in mining activity. The rise of these sectors, together with supportive government policies, is fueling the development of the region's sodium sulphide market.
Key Market Developments
As the leather industry grows, particularly in developing countries, so does the demand for sodium sulphide, a crucial ingredient in the leather manufacturing process. Increasing demand for sodium sulphide is a result of rising demand for leather items such as shoes, clothing, and accessories. In addition, manufacturers' search for environmentally friendly options in production is anticipated to affect the market. This is because of developments in leather processing technology and the adoption of sustainable practises. Since sodium sulphide is used in the production of leather, its popularity is likely to increase in the near future.
Report Coverage
Global Sodium Sulfide research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Sodium Sulfide report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Sodium Sulfide competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Sodium Sulfide market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Solvay SA (Belgium), Tessenderlo Group (Belgium), Sankyo Kasei Co., Ltd. (Japan), Longfu Group (China), Sichuan Shenhong Chemical Industry Co., Ltd. (China), Athiappa Chemicals (India), Xinxiang Liaohe Oilfield Tianyi Chemical Co., Ltd. (China), Shanxi Naipu Import & Export Co., Ltd. (China), Nafine Group International Co., Ltd. (China), Tianjin Xibeier International Co., Ltd. (China), Shaanxi Fuhua Chemical Co., Ltd. (China), Nafine Chemical Industry Group Co., Ltd. (China), Nease Co. LLC (US), Henan Province Nafine Chemical Industry Group Co., Ltd. (China), Chemical Products Corporation (US), Crowncore (US), ProChem, Inc. (US), China Sodium Sulfide Industry Corporation (China), Xinxiang Xingsheng Chemical Co., Ltd. (China), Nafine Group International Co., Ltd. (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Sodium Sulfide Market from 2021 to 2030.
- Market Forecast for Sodium Sulfide Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Sodium Sulfide competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Sodium Sulfide
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Sodium Sulfide market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Sodium Sulfide market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Solvay SA (Belgium), Tessenderlo Group (Belgium), Sankyo Kasei Co., Ltd. (Japan), Longfu Group (China), Sichuan Shenhong Chemical Industry Co., Ltd. (China), Athiappa Chemicals (India), Xinxiang Liaohe Oilfield Tianyi Chemical Co., Ltd. (China), Shanxi Naipu Import & Export Co., Ltd. (China), Nafine Group International Co., Ltd. (China), Tianjin Xibeier International Co., Ltd. (China), Shaanxi Fuhua Chemical Co., Ltd. (China), Nafine Chemical Industry Group Co., Ltd. (China), Nease Co. LLC (US), Henan Province Nafine Chemical Industry Group Co., Ltd. (China), Chemical Products Corporation (US), Crowncore (US), ProChem, Inc. (US), China Sodium Sulfide Industry Corporation (China), Xinxiang Xingsheng Chemical Co., Ltd. (China), Nafine Group International Co., Ltd. (China)
Primary Target Market
- Market Players of Sodium Sulfide
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Sodium Sulfide market based on the below-mentioned segments:
Global Sodium Sulfide Market, By Type
Solid Sodium Sulfide
Liquid Sodium Sulfide
Global Sodium Sulfide market, By Application
Pulp and Paper
Textile
Water Treatment
Mining
Leather Processing
Others
Global Sodium Sulfide market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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