Transparency Market Research has published a new research report titled “Sodium Hydrosulfite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” to their report store.
Albany, NY -- (SBWIRE) -- 09/03/2015 -- Transparency Market Research has published a new report titled "Sodium Hydrosulfite Market for Wood Pulp Bleaching, Textile, Mineral Flotation and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023." According to the report, the global sodium hydrosulfite market was valued at US$ 1.02 Bn in 2014 and is likely to reach US$ 1.43 Bn in 2023, expanding at a CAGR of 3.8% between 2015 and 2023.
Sodium hydrosulfite, a white crystalline powder, is used in a host of industries due to its superior reductive bleaching property. Sodium hydrosulfite, alternatively known as sodium dithionite, is extensively used in textile processing, wood pulp bleaching, mineral flotation, and other applications. Few of its niche applications include kaolin bleaching, cosmetic ingredients, and food additives.
The market dynamics of sodium hydrosulfite are highly region-oriented and exhibit distinct trends in different regions. Asia Pacific held major share of the global sodium hydrosulfite market in terms of demand and production in 2014. China dominates the market in Asia Pacific and is the major producer and consumer of sodium hydrosulfite. In terms of demand, Asia Pacific accounted for over 65% share of the global sodium hydrosulfite market in 2014. Production in the region exceeds demand. North America followed Asia Pacific, while Europe constituted the third-largest share of the global sodium hydrosulfite market in 2014. However, demand for sodium hydrosulfite in these two regions is expected to be sluggish due to decline in demand for paper and paper products in the wake of global digitalization. Several paper & pulp manufacturers have ceased operations to maintain demand-supply balance. However, the market in Asia Pacific is dominated by textile application due to the large textile manufacturing business in China and the Indian subcontinent. The paper & pulp industry in Asia Pacific is anticipated to grow during the forecast period as compared to North America and Europe.
Browse the full report at http://www.transparencymarketresearch.com/sodium-hydrosulfite-market.html
Asia Pacific is projected to maintain the fastest-growth rate during the forecast period. The global sodium hydrosulfite market is consolidated in nature with few companies holding considerable market share. Guangdong ZhongCheng Chemicals Inc., Ltd., AZ Chemicals, Inc., Jinhe Group, and BASF SE are key manufacturers in the market.
The report provides an in-depth analysis of the sodium hydrosulfite market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East & Africa (MEA). Each region is further sub-segmented into key countries and sub-regions. The report segments the global sodium hydrosulfite market as follows:
Sodium Hydrosulfite Market – Application Analysis
Wood Pulp Bleaching
Mineral Ore Flotation
Others (Including Kaolin Bleaching, Cosmetics, etc.)
Sodium Hydrosulfite Market - Regional Analysis
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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