Sodium Hydrosulfite Market Trends by Key Players:

Sodium Hydrosulfite Market size will likely surpass USD 1.4 billion by 2024; according to a new research report by Global Market Insights, Inc. Significant development in the global textiles industry will propel the sodium hydrosulfite market in the forecast period owing to its extensive use as a bleaching agent in wool, cotton, and nylon. The product finds application as a dyeing auxiliary in vat dyeing and reduction clearing of disperse dyes. The global textiles market demand was over 90 million tons in 2016 and will likely reach 130 million tons by 2024. Increasing income level of consumers in emerging economies and increasing sales of apparels and footwears through e-commerce portals will steer the demand for textiles in the coming years. This will augment the sodium hydrosulfite market growth till 2024.

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Product demand as a reducing agent in the synthesis of kaolin and metakaolin has been rising at fast rate and will provide new opportunities for the sodium hydrosulfite market to grow. It is used for enhancing the brightness of kaolin which is used to manufacture paper, ceramics, paints & coatings, fiberglass, plastics, rubber, and cement. Although the demand for the product in this application is low, high growth in kaolin and metakaolin manufacturing industry will likely boost the sodium hydrosulfite market in the future.

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.

Flammability in the presence of sparks and open flames, release of toxic gases when decomposing, and ignition vulnerability are the product’s few adverse properties which creates difficulty in its handling, storage and transportation. Direct exposure may cause skin and eye irritation and also cause respiratory issues. These are some key restraining factors which may hinder the sodium hydrosulfite industry development in the forecast period.

Sodium hydrosulfite market is bifurcated into production process and application. The production process is segmented as zinc process, sodium formate and other processes. In 2016, textile was the major application sector in the industry and this trend is likely to continue till 2024. Textile segment market revenue will exceed USD 650 million by 2024, growing at a moderate rate. The product has been majorly used as a bleaching and reducing agent in textiles manufacturing.

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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.

The major players in the sodium hydrosulfite market include Chemtrade Logistics, Guangdong ZhongCheng Chemicals, BASF, Jinhe Group, AZ Chemicals., Mitsubishi Gas Chemical Company, Bruggemann Chemical, TCP Limited, Royce, Montgomery Chemicals, Alfa Chemistry, Tokyo Chemical Industry and others.

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This release was published on openPR.