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Sodium sulfide market size is slated to top $665 mn by 2024, pulp & paper application to witness robust growth from industry
Sodium Sulfide Market
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North America sodium sulfide market size will continue to gain traction against the backdrop of strong demand for copper ore from mining and construction industries. In addition, upsurge in the development of transportation industry has translated into the emergence of speed trains which warrants more copper vis-à-vis traditional electrical trains.
APAC sodium sulfide market will also act as a fillip in the industry growth as transportation industry has experienced notable development in countries such as India and China. Rising popularity of pulp & paper and low ferric sodium sulfide in the region will boost stakeholders to invest heavily in sodium sulfide.
Europe appears to embrace sustainable construction in the wake of mounting climate change issue. Use of copper, for instance, has soared in the region as it is prevalently being used in automobile sector. Moreover, mining industries are vying to use copper extensively as ore processing activities gain uptick to boost production. Accordingly, Europe sodium sulfide market revenue will gain considerable return during the forecast period 2018-2024.
It is worth noting that sodium sulfide market is consolidated with eminent players such as Solvay, Sankyo Kasei, Nafine Group, and Shaanxi Fuhua Chemicals. Leading players are vying to expand their footprints through product rollouts and technological upgradation. Some of the manufacturers are vying to attain backward integration and enhance product quality to boost smooth availability of raw materials.
Some of the major industry participants in Sodium sulfide market include Solvay, Longfu Group, Nafine Group International Co., Ltd., Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Shaanxi Fuhua Chemical Co., Ltd and Athiappa Chemicals.
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