Global Sodium Sulfide Market

Sodium Sulfide Market Size, Share, Growth Analysis, By Type(Solid Sodium Sulfide and Liquid Sodium Sulfide), By Application(Pulp and Paper, Textile, Water Treatment, Mining), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2422 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Sodium Sulfide Market News

  • In May 2023, Solvay announced the expansion of its sodium sulfide production capacity in Belgium.
  • In April 2023, Tessenderlo Group announced the acquisition of a sodium sulfide plant in China.
  • In March 2023, PPG Industries announced the launch of a new line of sodium sulfide products for the water treatment market.
  • In February 2023, ISSC (IRSS) announced the opening of a new sodium sulfide production facility in India.
  • In January 2023, ICS Industries Chemikalien Schwefel Natrium announced the expansion of its sodium sulfide production capacity in Germany.
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Sodium Sulfide Market size was valued at USD 10.1 billion in 2021 and is poised to grow from USD 10.65 billion in 2022 to USD 16.21 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).

In this market, established multinational chemical manufacturers play a significant role, leveraging their extensive resources and expertise to maintain a strong market position. These companies often have well-established supply chains, enabling them to cater to a broad customer base across various industries. Additionally, their robust research and development capabilities facilitate continuous improvements in product quality and performance. 'Solvay SA (Belgium)', 'Tessenderlo Group (Belgium)', 'Sankyo Kasei Co., Ltd. (Japan)', 'Longfu Group (China)', 'Sichuan Shenhong Chemical Industry Co., Ltd. (China)', 'Athiappa Chemicals (India)', 'Xinxiang Liaohe Oilfield Tianyi Chemical Co., Ltd. (China)', 'Shanxi Naipu Import & Export Co., Ltd. (China)', 'Nafine Group International Co., Ltd. (China)', 'Tianjin Xibeier International Co., Ltd. (China)', 'Shaanxi Fuhua Chemical Co., Ltd. (China)', 'Nafine Chemical Industry Group Co., Ltd. (China)', 'Nease Co. LLC (US)', 'Henan Province Nafine Chemical Industry Group Co., Ltd. (China)', 'Chemical Products Corporation (US)', 'Crowncore (US)', 'ProChem, Inc. (US)', 'China Sodium Sulfide Industry Corporation (China)', 'Xinxiang Xingsheng Chemical Co., Ltd. (China)', 'Nafine Group International Co., Ltd. (China)'

Sodium sulfide plays a crucial role in leather processing, aiding in the removal of hair and other impurities during tanning. With the rising demand for leather products, especially in the fashion and automotive sectors, the demand for sodium sulfide is increasing, positively impacting the market.

Growing Demand from Leather Industry: As the leather industry continues to expand, particularly in emerging economies, the demand for sodium sulfide as a key chemical in leather production is witnessing significant growth. The rise in consumer preferences for leather goods, including footwear, apparel, and accessories, further contributes to the increasing demand for sodium sulfide. Additionally, advancements in leather processing technologies and the adoption of sustainable practices are expected to influence the market, as manufacturers seek eco-friendly alternatives in the production process. As the leather industry thrives, the demand for sodium sulfide is poised to remain strong, propelling the growth of the market in the foreseeable future.

Asia-Pacific emerges as the most dominant region owing to its robust industrial and manufacturing sector that is driving significant demand for Sodium Sulfide across various applications. Countries like China, India, and Japan have a considerable presence of leather, textile, and chemical industries, which are major consumers of Sodium Sulfide in processes like dyeing, dehairing, and ore processing. The region's large population and economic growth further contribute to the dominance of Asia-Pacific in the Sodium Sulfide market.

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Global Sodium Sulfide Market

Report ID: SQMIG15E2422