Global Sodium Hydrosulfite Market Expected to Witness a Sustainable Growth over 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Sodium Hydrosulfite market.

Sodium hydrosulfite (also known as sodium dithionite) is a white crystalline powder with a weak sulfurous odor. It is a crystalline salt Na2S2O4 made by reduction (as of sodium bisulfite or sulfur dioxide with zinc) and used as a reducing agent especially in dyeing, printing, and stripping textiles and as a bleaching agent; sodium dithionite —not used systematically.

Click to view the full report TOC, figure and tables:
https://www.marketresearchreportstore.com/reports/859/global-sodium-hydrosulfite-market-growth

Global Sodium Hydrosulfite Market: Forecast by Type / Application / Region

First, the sodium hydrosulfite industry concentration is high; there are only more than a dozen manufacturers in the world, and high-end products are mainly from China and Europe. In the world wide, giant manufactures mainly distribute in Europe and China. Europe has a long history and unshakable status in this industry, like BASF, has perfect products. As to China, Zhongcheng Chemical has become a global leader. In India, it is Transpek-Silox that leads the technology development. What’s more, in China, the manufacturers focus in Zhejiang, Shandong and Hubei province.

Second, after 2011, global production and capacity substantially unchanged, the price decreases year by year, the product value rises slightly.

Third, all manufacturers in the world are committed to the improvement of product. These two years, some Chinese manufactures can almost catch up with the world's leading technology too. However, due to environmental pressures and demand, companies are facing a lot of cuts, such as Hubei Yihua Group, was ordered to stop production due to pollution, but there are several new expansions of the projects into production in the future.

Fourth, the import and export percent of this industry is not high. Because many international manufacturers expand their business through building factories or investments. China and Germany become the most important export country, and North America imports mainly sodium hydrosulfite.

Fifth, company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. In addition the downstream consumption usually follows with developed and rapid economic growth areas.

Sixth, this industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer and improve technology, energy conservation. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of Sodium Hydrosulfite will increase.

Over the next five years, LPI(LP Information) projects that Sodium Hydrosulfite will register a 3.3% CAGR in terms of revenue, reach US$ 630 million by 2023, from US$ 520 million in 2017.

Global Sodium Hydrosulfite Market: Key Players
BASF
Transpek-Silox
Zhongcheng Chemical
CNSG
Jinhe Group
Hubei Yihua Group
Jiacheng Chemical
Shuangqiao Chemical
Zhejiang Huidelong
Jingrui Chemical

Ask for Discount on Research Report and Request Sample Copy of Report@
https://www.marketresearchreportstore.com/reports/859/global-sodium-hydrosulfite-market-growth

Related Information:
United States Sodium Hydrosulfite Market Research Report 2018
Europe Sodium Hydrosulfite Market Research Report 2018
North America Sodium Hydrosulfite Market Research Report 2018
Asia-Pacific Sodium Hydrosulfite Market Research Report 2018
China Sodium Hydrosulfite Market Research Report 2018
EMEA Sodium Hydrosulfite Market Research Report 2018
Global Sodium Hydrosulfite Market Research Report 2018

About Us:
Market Research Report Store (MRRS) is a professional organization related to market research reports in all directions .To provide customers with a variety of market research reports, MRRS cooperates with a large of famous market report publishers all over the world. Owing to our good service and the professional market reports in the wide range, MRRS enjoys a good reputation in the market. In pace with the development of MRRS, more and more customers and market report publishers choose to cooperate with us. As a specialized platform, MRRS upholds the supremacy of customers and aims to provide customers with better service and richer select.

Contact US :
Sales Director (Market Research Report Store)
E-mail: info@marketresearchreportstore.com
Tel: +86-15521064060 00852-58197708(HK)
Add: 17890 Castleton Street Suite 218 City of Industry CA 91748 United States
Website: https://www.marketresearchreportstore.com

This release was published on openPR.