Sodium Hydrosulfite Market Growth Potential and Competitive Market Share Analysis with Profiles of Companies Like Guangdong ZhongCheng Chemicals, BASF SE, Jinhe Group, AZ Chemicals, Bruggemann Chemical, Chemtrade Logistics, Mitsubishi Gas Chemical Company

Endowed with a robust application spectrum inclusive of wood pulp bleaching, mineral flotation, and textile sectors, the global sodium hydrosulfite market share has been witnessing a gradual upsurge in the recent times. Apparently, this chemical compound is increasingly being utilized in dyeing applications, bleaching nylon, wood, and cotton, and as a food additive across the expanding food and beverages sector. In addition to this, a steady product demand in the metakaolin and kaolin clay synthesis has opened up new growth avenues for the firms partaking in the sodium hydrosulfite industry. Sodium Hydrosulfite Market size will likely surpass USD 1.4 billion by 2024; according to a new research report. The global textiles market demand was over 90 million tons in 2016 and will likely reach 130 million tons by 2024.

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Sodium hydrosulfite is a flammable solid with a high chance of combustion in presence of open flames and sparks. When in contact with moisture or air, the substance heats spontaneously and may ignite and its decomposition releases toxic gases. It also has a possibility of ignition in presence of combustible materials or oxidizing agents. Exposure to the substance may cause irritation in eyes, skin, and the respiratory tract. These factors create hurdles in the handling, storing and transportation of the product and may hamper the global sodium hydrosulfite market development as end-user will look for other safer substitutes of the product.

Major application segments in the sodium hydrosulfite market are textiles, mineral flotations, wood pulp bleaching, and others which includes chemical industry, kaolin clay, food additive, water treatment, leather, etc. Textiles was the largest application segment in the sodium hydrosulfite market in 2016 and will retain its position till the end of the forecast spell. The segment will generate revenue above USD 700 million in 2024, gaining by more than 4% CAGR. It is widely used in textiles manufacturing as a reducing and bleaching agent.

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Asia Pacific has been the most significant sodium hydrosulfite market and its overall industry share will likely exceed 70% by 2024. It is anticipated to generate revenue above USD 1 million in 2024. Asia Pacific is the largest product manufacturer and has a high demand from major textile and apparel manufacturing economies like China, India, Bangladesh, Pakistan, and Vietnam. Presence of many paper and pulp manufacturers in the region will also augment the sodium hydrosulfite market growth in upcoming years.

Guangdong ZhongCheng Chemicals, BASF SE, Jinhe Group, and AZ Chemicals are the four major companies in the global sodium hydrosulfite market accounting for a significant share of the overall industry in 2016. Other sodium hydrosulfite market participants are Bruggemann Chemical, Mitsubishi Gas Chemical Company, Chemtrade Logistics, TCP Limited, Montgomery Chemicals, Royce International Corp, Tokyo Chemical Industry, Finetech Industry Limited, Sigma-Aldrich, Triveni Interchem Pvt. Ltd., and Alfa Chemistry.

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Sodium Hydrosulfite Industry Insights

Chapter 4. Sodium Hydrosulfite Market, By Process

Chapter 5. Sodium Hydrosulfite Market, By Application

Chapter 6. Sodium Hydrosulfite Technologies Market, By Region

Chapter 7. Company Profiles

Outside of scope of this report Among the major factors that have triggered the growth prospects of sodium hydrosulfite market is the easy availability of raw materials and cost-efficient workforce across various business verticals. It is prudent to mention that the demand for paper products across Asia Pacific region has observed a huge increase over the recent years owing to the significant growth being recorded by the e-commerce and retail sector. Moreover, the packaging market share has been on the rise across Asian nations which has invariably led to a massive growth in the paper and pulp industry. As a consequence, the demand for sodium hydrosulfite has gradually observed an increase across the paper industry owing to the fact that it is extensively utilized as a wood pulp bleaching agent.

Predominantly used as a reducing and bleaching agent in various dyeing applications across the textile, cosmetics, pulp and paper, and packaging industries, the global sodium hydrosulfite market is slated to register a modest growth rate in the upcoming years.

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