Rockville, MD , Sept. 11, 2024 (GLOBE NEWSWIRE) -- The global Sodium Sulfide Market is estimated to generate a turnover of US$ 10.93 billion in 2024 and is approximated to reach US$ 17.47 billion by 2034. Demand for sodium sulfide has been forecasted to increase at 4.8% CAGR from 2024 to 2034.according to a newly published industry research report by Fact.MR, a market research and competitive intelligence provider. Because of its versatility, sodium sulfide is a widely used chemical in a variety of industries, including mining, textile processing, chemical manufacturing, and others.
Sulfur compounds, pigments, and rubber chemicals are all manufactured using sodium sulfide as an essential ingredient. Textile businesses use it to dye, bleach, and desulfurize fabrics. Sodium sulfide is essential to the mining processes of ore flotation and metal extraction.
The East Asia region holds more than one-third portion of the global market. The market in East Asia continuously expanding as a result of the increasing demand for the product across several industries, most notably pulp and paper and leather in China and Japan. Because sodium sulfide is being used more often in textile, leather, and water treatment applications, the market in North America is also expected to grow.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6363
Key Takeaways from Market Study:
- The worldwide market for sodium sulfide is projected to reach US$ 17.47 billion by 2034-end.
- East Asia is projected to account for 36.5% of the global market share in 2024. This market is analyzed to generate revenue of US$ 3.99 billion in 2024.
- Worldwide demand for sodium polyacrylate is forecasted to reach a value of US$ 7.45 billion by the end of 2034.
- The market in Japan is forecasted to expand at a CAGR of 6.1% through 2034.
- The market in the United States is forecasted to generate revenue of US$ 2.36 billion in 2024.
- The market in North America is analyzed to reach US$ 5.08 billion by the end of 2034.
“Prominent sodium sulfide companies are focusing on improving the quality and purity of their goods to set them apart from competition. They are also offering customized formulations to fulfill particular industrial needs,” says a Fact.MR analyst
Leading Players Driving Innovation in Sodium Sulfide Market:
Xintai Wanhe Chemical Co. Ltd.; Longfu Group; Sichuan Shenhong Chemical Industry Co., Ltd.; Inner Mongolia Lichuan Chemical Co., Ltd.; Solvay S.A.; Athiappa Chemicals; Sankyo Kasei; PJ Chemicals; Hebei Xinji Chemical Group Co., Ltd.; Changsha Vahenry Chemicals Co.; Tianjin Xibeier International Co., Ltd.; China Nafina Group International Co., Ltd.
High Preference for Regular-Grade Sodium Sulfide in Several Industries:
Regular-grade sodium sulfide is more in demand than high purity because of its cost and versatility in industrial applications. Regular-grade sodium sulfide is sufficient for several uses in industries such as paper and pulp manufacturing, textile processing, and water treatment. It is less expensive to produce while still fulfilling the requirements for these uses because it doesn't require costly purification processes.
High-purity sodium sulfide is only needed in specific areas, including the manufacturing of fine chemicals or pharmaceuticals, despite its superior quality. The majority of industrial customers select regular-grade sodium sulfide due to its greater applicability and lower cost, which steadily raises its demand.
Sodium Sulfide Industry News:
- In June 2023, A definite agreement was made by Solvay to acquire ICS Industries, a prominent manufacturer of specialty chemicals, including sodium sulfide.
- In September 2022, following approval from the USFDA, the pharmaceutical company Lupin Ltd. introduced the generic versions of sodium sulfate, potassium sulfate, and magnesium sulfate oral solutions in the United States market. These solutions are used to cleanse the colon in preparation for a colonoscopy.
Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=6363
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the sodium sulfide market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product (sodium polyacrylate, polyacrylamide copolymer), grade (regular, high purity), and application (leather processing, pulp & paper, chemical processing, water treatment, ore processing), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Segmentation of Sodium Sulfide Market Research:
By Product :
- Sodium Polyacrylate
- Polyacrylamide Copolymer
By Grade :
- Regular
- High Purity
By Application :
- Leather Processing
- Pulp & Paper
- Chemical Processing
- Water Treatment
- Ore Processing
- Others (Food Preservatives etc.)
Checkout More Related Studies Published by Fact.MR Research:
Worldwide revenue from sodium alginate sales is projected to reach US$ 215 million in 2024. The market has been studied to climb to a value of US$ 312.1 million by the end of 2034, expanding at a CAGR of 3.8% over the forecast period (2024 to 2034).
The global sodium amide market stands at US$ 723 million in 2023. Worldwide demand for sodium amide is forecasted to increase at a CAGR of 6.8% and reach a market value of US$ 1.4 billion by 2033.
Sodium Borohydride Market Share & Trends Analysis, By Purity (12%, 95%, 97%, 98%), By Form (Crystal, Dry powder, Pellets), By End-use (Pharmaceutical Industry, Textile Industry) & By Region Forecast - Global Review 2020 to 2030
Sodium Chlorate Market By Form (Crystalline, Amorphous), By Application (Bleaching Agents, Herbicide, Oxidizing Agents), By End-use Industry (Paper & Pulp Industry, Chemical Industry, Mining Industry), By Region - Global Mraket Forecast 2020-2030
The global sodium chloride (NaCl) market is expected to reach a size of US$ 19.1 billion in 2024. As revealed in the recently updated industry report by Fact.MR, worldwide revenue from sodium chloride sales is projected to increase at a CAGR of 3.4% and reach US$ 26.7 billion by the end of 2034.
The global sodium cocoyl glutamate market is worth US$ 122.7 million at present and is forecast to progress at 5% CAGR to climb to a market valuation of US$ 200.3 Million by 2032.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
