Press release
Sodium Sulphide Market is to reach USD 1149 million by the end of 2025 | Market Major manufacturers are Tessenderlo Group, PPG Industries ISSC (IRSS), ICS Industriechemikalien Schwefelnatrium, Sankyo Kasei, Novochrom, Rahul Barium Chemicals, Nafine Chemic
The global sodium sulphide market was valued at USD 760 million in 2017 and is expected to grow at a CAGR of 5.2% to reach USD 1149 million by the end of 2025.
Sodium Sulphide Market Outline Analysis:
Sodium sulphide is a yellow, solid flake with a rotten-egg characteristic smell and is more commonly found in the hydrated state. It is obtained by heating sodium sulphate with coal or hydrogen. It is primarily used in the making of colours and dyes, and in the manufacture of other chemicals, metals or in mining ore and in water, soil and process sludge treatment. A key application is in the leather and tanning industry where it is used in pre-tanning as a dehairing agent. It is known to be efficient and cost effective in comparison to other solutions.
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Sodium Sulphide Market Segmentation Growth Analysis:
By volume, the global sodium sulphide industry is expected to grow at a CAGR of 3.3%. In terms of market value, leather processing contributed about $140 million in 2017 to the overall global market which is about 31% contribution and is expected to go beyond $190 million by 2023.
Sodium Sulphide Market Segmented - By Regions
North America
Europe
China
Japan
Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)
Sodium Sulphide Market Regional Share, Growth Analysis:
The European market including Spain, Italy, France and Germany are expected to contribute heavily to this revenue, owing to its extensive market of leather goods. The Asia Pacific regions and other developing nations are expected to record a steady growth in the leather industry too which is an indirect boost to the sodium sulphide market.
China is the leading producer responsible for 55.95% production market share in the world because of the availability of the raw material called mirabilite. USA comes second with 14.5% market share. Its usage in the copper mineral flotation process, is expected to trigger the market in North America and Asia Pacific because of the production of copper in Peru, China, Chile and US. Eastern Europe and Latin America are also expected to help boost the global market because of its ore processing activities.
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In this study, the years considered to estimate the market size of Sodium Sulphide are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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Leading Top Companies in this Sodium Sulphide Market Report:
Environmental protection concerns are often raised in the manufacture of the sodium sulphide and this has led to strict government regulations in various countries in regard to the manufacture process that effectively raises the costs impacting the gross margins. However, with growing ease of usage of technology and other factors, it is believed that the manufacturing costs involved will substantially reduce to accommodate the growing demand of the product globally.
The top players include:
Tessenderlo Group
PPG Industries
ISSC (IRSS)
ICS Industriechemikalien Schwefelnatrium
Sankyo Kasei
Novochrom
Rahul Barium Chemicals
Nafine Chemical Industry
Shenhong Chemical
Longfu Group
Yabulai Salt Chem
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