Albany, NY -- (SBWIRE) -- 10/20/2015 -- Market Research Reports Search Engine (MRRSE) has recently announced the addition a new research report on the global sodium hydrosulfite market. The report estimates the market to expand at a moderate CAGR of 3.80% over the period from 2015 to 2023 and reach an overall value of US$1.4 bn by the end of the forecast period.

This research 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", is published by Transparency Market Research (TMR), a market intelligence and research firm.

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The market report further states that the global market for sodium hydrosulfite reached a value of US$1 bn in 2014. The rising demand for sodium hydrosulfite from the textile industry has given a momentum to the global sodium hydrosulfite market. In addition to this, the increasing demand for paper products from emerging economies are likely to propel the global sodium hydrosulfite market over the forecast period.

The sodium hydrosulfite market is analyzed on the basis of its application and regional distribution in this research study. Mineral ore flotation, wood pulp bleaching, textile, and others such as kaolin cosmetics, and bleaching are the key application segments of the global market for sodium hydrosulfite. Among these, the market for wood pulp bleaching has reported the highest demand for sodium hydrosulfite, thereby acquiring the leading position in the global market.

Regionally, the global sodium hydrosulfite market is spread across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific leads the global sodium hydrosulfite market with the biggest manufacturers and a majority of the consumers of sodium hydrosulfite domiciled in the region. In 2014, this regional market occupied the majority of the overall demand for sodium hydrosulfite across the world.

Analysts expect the Asia Pacific market for sodium hydrosulfite also to register the fastest growth in the next few years, expanding at a CAGR of more than 4.0% over the forecast period, states the report.

The top four companies, namely BASF SE, Guangdong ZhongCheng Chemicals, AZ Chemicals Inc., and Jinhe Group, occupy more than 50% of the overall sodium hydrosulfide market.

Other prominent participants in the global sodium hydrosulfite market mentioned in this report are Royce International Corp., Chemtrade Logistics Inc., Bruggemann Chemicals, Montgomery Chemicals, TCP Ltd., and Mitsubisi Gas Chemical Co. Inc.

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