Sodium Hydrosulfide Market Size By Form (Liquid, Solid, Powder), By Grade (Technical grade, Purified grade), By Application (Paper & pulp, Mining, Tanneries, Chemical Processing, Others) Industry Analysis Report, Regional Outlook (U.S, Canada, Mexico, Germany, UK, Italy, France, Russia, China, India, Japan, South Korea, Australia, Brazil, Saudi Arabia, UAE, Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024
Sodium Hydrosulfide Market may exceed USD 350 million by 2024; according to a new research report.
Increasing demand for Sulphur replacements in order to formulate less toxic compounds owing to strict regulations from EU & BIS for utilization of safe chemical is estimated to NaHS market growth. Expanding capacity of local manufacturer in India and China along with mounting chemical processing industry may further boost sodium hydrosulfide market by 2024.
Growing demand for leather goods along with rising exports in India may drive sodium hydrosulfide market growth. These products are used in tanneries to remove hair from animal skin for further utilization in leather production, thereby propelling product demand in projected timeline. Consumer inclination towards branded leather goods supported by existence of several fashion brands globally will further stimulate NaHS industry growth.
Japan sodium hydrosulfide industry from mining applications may witness gains at over 3% by 2024. The product can feature as floatation agent which can be used in mining of salts & metals as it has strong solubility in water, which precipitates metals from ore, resulting in less complex recovery of metals. Rising trends towards effective metal recovery and growing mining activities in the region will back industry growth by 2024.
Germany sodium hydrosulfide market from chemical processing application may exceed USD 1.5 million up to 2024. It has usage in acid dyeing in fabrics along with escalating global textile industry due to existence of major fashion brands will boost industry growth. Strong regional chemical industry owing to manufacturing new materials & high-performance chemicals may further fuel product demand.
These products are used in the manufacturing of thio chemicals owing to its nature of acting as a highly reactive form of sulphur. These products are used in vulcanization accelerators, textile industry and in producing flame retardant resins, therefore driving sodium hydrosulfide market growth in forecast timeframe.
Low yield, costly process, and risky manufacturing procedure may limit industry profitability. This product is obtained from reaction of hydrogen sulfide and sodium sulfide. Though, high capital required for procurement of sodium sulfide may influence sodium hydrosulfide market price trends.
Italy sodium hydrosulfide market from pulp & paper applications may surpass 3.5 kilo tons by 2024. The product is used as a reagent in Kraft process in order to uphold the Sulphur level and used as a catalyst to raise reaction rate of paper processing. Upsurge in the demand for packaging paper and board is likely to drive regional growth by 2024.
Sodium hydrosulfide market is estimated to grow on account of its involvement as a chemical intermediate in manufacturing of rubber chemicals, pharmaceuticals, leather, pesticides, polymers, dyes and plastic additives. The product is also used in water treatment industry as it removes heavy metals present in water, which is likely to boost industry by 2024.
Global sodium hydrosulfide (NaHS) market share is slightly consolidated & competitive among participants including Akzo Nobel, Tessenderlo Group, Genesis energy, Cayman Chemicals, Solvay, Merck and Chemical Products Corporation. Product manufacturers are broadly emphasizing on R&D activities to formulate low toxicity products.