Press release
Sodium Hydrosulfite Market Trends by Key Players: Guangdong ZhongCheng Chemicals Inc., AZ Chemicals, Inc., BASF SE, and Jinhe Group
Global Market Insights, Inc.
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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.
Increasing pulp & paper demand in emerging economies will fuel the sodium hydrosulfite industry growth in future for its application in paper production process. In 2016, close to 40% of the global paper production was accounted by the Asia Pacific region. Paper products are widely used in packaging industry, and this industry has been growing at a fast rate since last decades due to growing acceptance of the online retail sector. This will further boost the sodium hydrosulfite demand in the forecast period.
The product is used as reducing agents in metakaolin and kaolin synthesis and its demand for this application is likely to rise at a rapid pace providing new prospects for the product market growth. Sodium hydrosulfite is basically used for improving the kaolin brightness, which is further used to produce paints, coatings, rubber, paper, cement, ceramics, and fiberglass. Significant growth in metakaolin and kaolin industry will propel the sodium hydrosulfite market demand in coming years.
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Partial Chapter of the Table of Content
Chapter 4. Sodium Hydrosulfite Market, By Process
4.1. Global sodium hydrosulfite market share by process, 2016 & 2024
4.2. Zinc process
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Sodium formate process
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Others
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 5. Sodium Hydrosulfite Market, By Application
5.1. Global sodium hydrosulfite market share by application, 2016 & 2024
5.2. Wood pulp bleaching
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Textiles
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Mineral flotations
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Browse Full TOC @ https://www.gminsights.com/toc/detail/sodium-hydrosulfite-market
Asia pacific held most of the sodium hydrosulfite market share in 2016, which is likely to exceed 65% of the total industry by 2024. Extensive production in Asia Pacific region due to increasing product demand from end user industries such as paper, textile etc. will be a key growth enabler for the industry. Substantial number of pulp and paper manufacturers in this region will further propel the sodium hydrosulfite market development in the forecast span.
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.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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