Anhydrous sodium sulfide market should witness gains of over 6.5% by the end of 2024 owing to its wide use in gold ore hydrometallurgy, rayon dyeing, paper, leather and organic chemical manufacturing industries.
Sellbyville, DE -- (SBWIRE) -- 06/17/2019 -- Sodium sulfide market demand from pulp & paper applications should observe significant gains at over 6.5% by 2024 pertaining to rising demand for tissues and packaging papers in China, Greece, Bulgaria and Brazil. This product plays a vital role in processing of wood, bamboo, and bagasse fibers to pulp, the bleaching of this pulp and also imparts high strength to paper items.
Technical grade sodium sulfide market should surpass USD 460 million by 2024 pertaining to rising usage in manufacturing, laboratory and industrial applications. It has extensive usage as a reducing agent in pharmaceutical industry, heavy metal removal in wastewater treatment, heavy water production in power plants, sulfur removal in viscose rayon, and in black dye manufacture which may further stimulate product demand.
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North America Na2S market demand, led by Canada and the U.S. may witness growth at around 3% owing to rising demand for copper ore from construction and mining industries. Rising advancement in the transportation industry has led to high-speed trains development which require more copper as compared to conventional electric trains, thus stimulating product demand.
Rising demand from the leather industry where the product finds use in dehairing animal hides should stimulate sodium sulfide market growth. Rising consumer purchasing power along with an increase in the number of working women has led to growing demand for leather briefcases, jackets, footwear and suitcases which may further stimulate Na2S market growth.
Low ferric sodium sulfide market exceeded USD 180 million in 2017 owing to its widespread usage in PPS plastic, high-grade paper, leather, ore dressing, printing & dyeing, and medicine industries. The product possesses several advantages such as high reducibility, solubility in both water & alcohol and high reactivity which may further stimulate product demand.
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Global sodium sulfide market share is consolidated among various industry participants such as Sankyo Kasei, Solvay, Nafine Group, and Shaanxi Fuhua Chemical Co. Several manufacturers focus on technological upgradation to improve product quality and achieving backward integration to ensure steady raw material availability.
Glimpse of Table of Content (ToC)
Chapter 3 Sodium Sulfide Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
18.104.22.168 Production capacity expansion
22.214.171.124 Technology Providers
3.4 Raw material trends
3.4.1 Sodium sulfate
3.4.2 Sodium hydroxide
3.5 Regulatory landscape
3.5.2 European Union (EU)
3.5.3 Asia Pacific
3.6 Pricing analysis
3.6.1 North America sodium sulfide price trend
3.6.2 Europe sodium sulfide price trend
3.6.3 Asia Pacific sodium sulfide price trend
3.6.4 LATAM sulfide price trend
3.6.5 Middle East sodium sulfide price trend
3.6.6 Africa sodium sulfide price trend
3.7 Cost structure analysis
3.8 Industry impact forces
3.8.1 Growth drivers
126.96.36.199 Asia Pacific: Booming leather industry
188.8.131.52 Middle East: Rising usage of wastewater
3.8.2 Industry pitfalls & challenges
184.108.40.206 Rising Awareness of Health Hazards
3.9 Innovation and sustainability
3.10 Growth potential analysis, 2017
3.10.1 Emerging business model
220.127.116.11 License Agreements
3.11 Porter's analysis
3.12 Competitive landscape, 2017
3.12.1 Company market share, 2017
3.12.2 Strategy dashboard
3.12.3 Production capacity
3.13 PESTEL analysis
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