Press release
Sodium Sulfide Market Size, Share, Development by 2023
Sodium sulfide is a yellow, solid flake with a sulfurous (rotten egg) smell. It is the name used to refer to the chemical compound Na2S but more commonly its hydrate Na2S.9H2O. Both are colorless water-soluble salts that give strongly alkaline solutions. It is usually obtained by heating sodium sulfate with coal or hydrogen. Sodium sulfide may be used in the making of colors and dyes. It can also be used in the manufacture of other chemicals, metals or in mining (ore processing) and in waste water, soil and process sludge treatment.
In the recent years, sodium sulfide capacity showed a trend of steady growth. At present, China, Europe and USA are the major manufacturing and consumption market in the world. China is the leading producer of sodium sulfide in the world, responsible for 55.95% production market share of world and the USA is second after China, estimated to account for about 14.50% production share in 2016. The major manufacturers of sodium sulfide are concentrated in Solvay, Tessenderlo Group, Nafine Chemical Industry, Shenhong Chemical and Longfu Group in the world.
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Global Sodium Sulfide Market: Forecast by Type / Application / Region
The raw material of sodium sulfide is from mirabilite, China holds the world’s largest mirabilite reserves and has been focusing on expanding production capacities of sodium sulfide in order to meet the global demand.
Due to reasons such as environmental protection, sodium sulfide manufacturer with environmental problems meets increase pressure, and this is also reflected in the gross margin.
The product is widely used in many industries, fluctuations in the price of the upstream product will have an impact on the production cost of sodium sulfide industry. In addition, the price of sodium sulfide is also affected by the global economy influence.
The global 2016 sodium sulfide production will reach 1293.5 K MT from 1075.8 K MT in 2012.
Overall, although some factors limit the development of the market, because of the improvement of manufacturing technology, the sodium sulfide industry will be promoted in coming years. Therefore, we recommend you enter into the field if you have fixed downstream customers.
Over the next five years, LPI(LP Information) projects that Sodium Sulfide will register a 5.3% CAGR in terms of revenue, reach US$ 1050 million by 2023, from US$ 770 million in 2017.
Global Sodium Sulfide Market: Key Players
Solvay
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
Jiaxin Chemical
HaMi HongShan Chemistry
Guangxin Chemical
Xinji Chemical Group
Shaanxi Fuhua Chemical
Inner Mongolia Lichuan Chemical
Sichuan Meishan Tianhe Chemical
Xinxing Chem
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Related Information:
United States Sodium Sulfide Market Research Report 2018
Europe Sodium Sulfide Market Research Report 2018
North America Sodium Sulfide Market Research Report 2018
Asia-Pacific Sodium Sulfide Market Research Report 2018
China Sodium Sulfide Market Research Report 2018
EMEA Sodium Sulfide Market Research Report 2018
Global Sodium Sulfide Market Research Report 2018
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