Press release
Sodium Hydrosulfide Market to expects consumption of above 450 kilo tons by 2024 | By key players Solvay, Akzo Nobel, Central Drug House, Triveni Chemicals, Suvidhi Industries, Aditya Commercial Corporation, NAGAO., Genesis Energy
Solvay, Akzo Nobel, Henan Yinzhidu Environmental Protection technology Co. Ltd., Genesis Energy, Henan Tianshui Chemical Co., Tessenderlo Group, Chemical Products Corporation, Sankyo Kasei, Merck & Millipore, Cayman Chemicals, Nilkanth Organics, Prasol Chemicals Pvt. Ltd., Ganga Chemicals, Chaitanya Chemicals, Akshya Minerals & Chemicals, Silicon Industries, Central Drug House, Triveni Chemicals, Suvidhi Industries, Aditya Commercial Corporation, NAGAO
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Sodium hydrogen sulfide is used in the manufacturing of these chemicals given it acts as a highly reactive form of Sulphur. As these products are increasingly used in textile industry, vulcanization accelerators and producing flame retardant resins, a robust Sodium hydrosulfide market share is expected during the assessment period 2018-2024.
Global Market Insights, Inc. predicts Sodium hydrosulfide market size to hit US$ 350 mn by 2024.
Robust growth in industrial sector and social revival initiatives undertaken by local governments globally will potentially bolster growth in chemical sector, thereby reinforcing Sodium hydrosulfide market size.
Sodium hydrosulfide market share will expand robustly against the backdrop of the product’s usage as a chemical intermediate in manufacturing leather, pharmaceuticals, rubber chemicals, polymers, pesticides, plastic additives, and dyes, among others.
Prolific development of pulp and paper industry
Second in line after the prominent chemical processing sector, the pulp and paper application segment is likely to perform exceptionally well in the upcoming years. This is due to the product’s use as a reagent in Kraft process to uphold the Sulphur level. Besides, NaHS is also used as a catalyst to catalyze the reaction rate of paper processing.
Given these parameters, the growth in pulp and paper industry is quite overtly, contributing to the expansion of sodium hydrosulfide market across Italy. What has added to the regional market growth is an upsurge in the demand for packaging paper and board, invoking a revolution in the global industry.
Unveiling NaHS adoption for mining application trends across Japan
The Japan sodium hydrosulfide market is gaining huge prominence from mining applications perhaps due to the product’s feature as a floatation agent, which is used in mining of salts and metals. On these aspects, the regional market is expected to record a CAGR of 3 per cent through 2024. Moreover, growing trends towards efficient metal recovery and expanding mining activities in Japan is likely to add an impetus to the regional market.
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Estimates claim China sodium hydrogen sulfide market size from tanneries to surpass US$ 25 mn by 2024. Cheap labor cost and viable leather manufacturing industry are poised to propel sodium hydrogen sulfide market outlook. Further, enzymatic hair removal with sodium hydrosulfide and peroxide assists in ideal tanning and bolsters strength and bonding properties of leather. Prominently, increasing demand for leather is in line with rising per capita income in China. Experts predict China to remain catalyst in reinforcing sodium hydrogen sulfide market share.
Meanwhile, Japan sodium hydrogen sulfide market from mining applications will potentially generate moderate CAGR of over 3% by 2024. Sodium hydrogen sulfide is increasingly used as a floatation agent that is popular in mining of salts and metals. Palpable traction towards effective metal recovery and surging mining activities will propel sodium hydrogen sulfide market forecast during the assessment period.
Browse more news:
https://www.marketwatch.com/press-release/liquid-pouch-packaging-market-will-be-observing-an-extensive-growth-from-packaging-sector-2020-05-28
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Arun Hegde
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Global Market Insights, Inc.
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