Los Angeles, December 16, 2019 – QY Research has published a report to offer an in-depth analysis of the global Sodium Hydrosulfide Industry titled, “Global Sodium Hydrosulfide Industry Research Report Growth Trends and Competitive Analysis 2020-2025.” The global Sodium Hydrosulfide Market is expected to reach over US$ 780 Mn in 2025 and was valued at around US$ 575 Mn in 2018. The global Sodium Hydrosulfide market is projected to register a moderate CAGR of 4.6% from 2018 to 2025.
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Textile and Paper Industry to Create an Opportunity for the Growth of the Market
High demand for cloth has resulted in the unprecedented growth of the textile industry leading to an increased usage of Sodium Hydrosulfide, which is used as an alternative to bleach. It is extensively used for the purpose of removing the color from dyed fabrics and pulp & paper. It is also used in Kraft processing which is used to separate wood pulp for producing paper.
Chemical Industry: Increasing demand for copper in metal manufacturing has resulted in high demand for Sodium Hydrosulfide solution. The solution is extensively used in various processes such as froth flotation, mineral processing, and wastewater treatment. Sodium hydrosulfide has extensive usage in leather processing as it helps in tanning leather products such as handbags, gloves, and footwear. This is expected to boost the growth of the market over the next few years.
Cosmetics and Personal Care – Boosting Factors of Application Segment
The application segment is bifurcated into Chemical & Dye, Pulp & Paper, Copper Flotation, and Others. The chemical & dye industry has witnessed growth due to the increasing usage of cosmetics and personal care products. These products include hair dyes, deodorants, moisturizers, and colors. Sodium Hydrosulfide has extensively used in cosmetics and personal care products, which is expected to fuel the growth of the application segment. The type segment is segregated into Liquid Sodium Hydrosulfide and Solid Sodium Hydrosulfide.
Paper Recycling and Water Pollution – A Major Concern Augmenting the North America Market
Increasing awareness regarding the harmful effects of environmental degradation in North America due to wastage of paper is leading to the growth of the paper recycling industry. The Froth flotation process used for paper recycling has a major application of Sodium Hydrosulfide solution. It is also increasingly being used for wastewater treatment in the region due to a growing emphasis on clean water conservation and stringent regulations for controlling water pollution. Wastewater treatment is extensively used in chemical processing plants. This is expected to boost the growth of the regional market.
R&D and Cost-Effective Production: A Prime Strategy of Key Players
Some of the key players operating in the market are Fosfoquim, Genesis Energy, Shandong Linyi Minyu Chemical, Nouryon, Tangshan Fengshi, Shangdong Efirm, Sankyo Kasei, Tiajin Ruisite International Trade, ChemChina, Chemical Products Corporation, and Tessenderlo Kerley. Top players are keen to invest in R&D to improve product quality and to incorporate cost-effective manufacturing techniques.
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