Product ID: UCMIG15E2079
Report ID:
UCMIG15E2079 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
According to estimates, the global sodium hydrosulfite market was valued at over USD 1 billion in 2016, and is expected to grow at a Compound Annual Growth Rate (CAGR) of approximately 4% until 2024. The increasing demand for paper products in the Asia Pacific region is expected to drive the growth of the global sodium hydrosulfite market until 2024. This is because sodium hydrosulfite is widely used as a reductive bleaching agent for pulp in the paper manufacturing process. The Asia Pacific region accounted for more than 45% of the global paper production in 2016 and is a significant market for the paper industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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REQUEST FREE CUSTOMIZATIONThe market for Sodium Hydrosulfite was estimated to be valued at US$ XX Mn in 2021.
The Sodium Hydrosulfite Market is estimated to grow at a CAGR of XX% by 2028.
The Sodium Hydrosulfite Market is segmented on the basis of Process, Application, Region.
Based on region, the Sodium Hydrosulfite Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Sodium Hydrosulfite Market are Guangdong ZhongCheng Chemicals Inc., Ltd, BASE SE, AZ Chemicals, Inc., Mitsubishi Gas Chemical Company, Inc., TCP Limited, Royce International Corp, Montgomery Chemicals, Tokyo Chemical Industry Co., Ltd..
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Product ID: UCMIG15E2079