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Sodium Hydrosulfite Market Forecast Report 2017 to 2024 | Chemtrade, BASF, Mitsubishi Hitachi Power Systems Americas, Inc., TCI - Tokyo Chemical Industry, Finetech, Anhui JinHe Industrial Co.,Ltd., Alfa Chemistry
U.S. sodium hydrosulfite market size, by application, 2013 – 2024 (USD Million)
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Chemtrade
2. Guangdong Zhongcheng Chemicals Inc., Ltd.
3. BASF
4. Anhui JinHe Industrial Co.,Ltd.
5. AZ Chemicals
6. BruggemannChemical U.S., Inc
7. Mitsubishi Hitachi Power Systems Americas, Inc.
8. TCP Limited
9. Montgomery Chemicals
10. Royce International
11. TCI - Tokyo Chemical Industry
12. Finetech
13. Alfa Chemistry
14. Triveni Interchem Pvt. Ltd.
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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.
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.
Sodium Hydrosulfite Market by Process
• Zinc process
• Sodium formate process
• Others
Sodium Hydrosulfite Market by Application
• Wood pulp bleaching
• Textiles
• Mineral flotation
• Others
Browse key industry insights spread across 115 pages with 140 market data tables & 11 figures & charts from the report, Sodium Hydrosulfite Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sodium-hydrosulfite-market
Sodium hydrosulfite market has been categorized according to manufacturing process into three segments namely sodium formate, zinc and others. Sodium formate process is slowly gaining popularity over the zinc process due to its cost-effective nature.
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.
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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