Sodium Hydrosulfite Market | Potential Growth Segments, Recent Developments, And Covid19 Impact Analysis With Top Companies Data

Precision Business Insights published a research report on “Global Sodium Hydrosulfite Market: By Process (Zinc Process, Sodium Formate Process, Others), By Formulation (Powder, Liquid), By Application (Textiles, Wood Pulp Bleaching, Mineral Flotations, Food and Beverages, Cosmetics and Personal Care, Others), and Geography- Global/Region/Country Forecast to 2027”

The global sodium hydrosulfite market was valued at US$ 1.7 Bn in the year 2020 and is anticipated to record US$ 1.98 Bn till 2027 witnessing a CAGR of 2.2% over the forecast period 2021-2027.

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Growing Demand for Sodium Hydrosulfite from Different Industries Reinforce the Global Sodium Hydrosulfite Market
Sodium hydrosulfite is available in a white crystalline powder having a weak sulfurous odor. It works as a reducing agent in different fabrics like cotton, nylon and wool and others. It is also used as a bleaching agent. In addition, sodium hydrosulfite greatly helps to strip the color from fabrics. There is growing demand from wood pulp industry for sodium hydrosulfite as it brightens the wood pulp. There are several factors that drive Global Sodium Hydrosulfite Market is experiencing huge revenue share over the forecast period owing to the factors such as numerous applications of sodium hydrosulfite, technological developments in the sodium hydrosulfite manufacturing and the raw materials provided by several key players for the manufacturing of sodium hydrosulfite. Huge demand for sodium hydrosulfite from various industries like pulp, beverages, cosmetic industry, food, paper and textile is a significant market driving factor over the forecast period. On the other hand, decreasing pulp and paper market and availability of substitute products are projected to hinder the growth of sodium hydrosulfite market in upcoming years.

Regional Analysis: Global Sodium Hydrosulfite Market
Global sodium hydrosulfite market is categorized into different regions such as Asia pacific, Europe, North America, Africa and Middle East. Sodium hydrosulfite market in Asia Pacific witnessed highest share in the year 2018 amid all other regions due to the growing paper industry in the region, growing count of sodium hydrosulfite manufacturing industries in South Korea China and APAC countries and huge demand for textiles from growing urban population. Europe sodium hydrosulfite market is providing several profitable opportunities for the key players over the forecast years due to the technological advancements in manufacturing process, growing disposable income and increasing count of end user industries in the region. All these factors greatly contribute towards impelling the market revenue in Europe in upcoming years.

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Competitive Assessment
There are several players operating in Global Sodium Hydrosulfite Market are BASF SE, Montgomery Chemicals, Guangdong ZhongCheng Chemicals Inc. Ltd, AZ Chemicals Inc., Bruggemann Chemical, TCP Limited, Chemtrade Logistics Inc., Royce International Corp., Mitsubisi Gas Chemical Company Inc., Jinhe Group, Finetech Industry Limited, Transpek-Silox, Hubei Yihua Group, Jiacheng Chemical, Shuangqiao Chemical and Jingrui Chemical. Key players of the market greatly focus on following a few effective strategies such as acquisitions, mergers and bringing new products into the market for retaining their position in the market.

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