Sodium Dichromate Market to See Huge Growth by 2027

The global sodium dichromate market is projected to be worth USD 1,242.4 Million by 2027, according to a current analysis by Emergen Research. The sodium dichromate market is observing high demand attributed to its growing demand from the textile industry. The application of sodium dichromate in chrome-based dyeing is of immense significance in textiles’ fiber dyeing procedures. The dyeing quality of the output textile fiber, regarding color fastness and aesthetics, cannot be achieved by any kind of dye available in the market.

The latest research report draws utmost attention to the profound impact of the COVID-19 pandemic on the Sodium Dichromate market and its crucial segments and sub-segments. The report throws light on the grave effects of the pandemic on the global economic scenario, and subsequently, this particular business sphere. The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements for the potential downfall of this market. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends.

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Key Highlights From The Report

• Calcium-free roasting held a significant market share of sodium dichromate in 2019 as the energy consumption during calcium-free roasting is about 35.0% less compared to calcium roasting.
• Sodium dichromate is highly water-soluble. It is not only a better corrosion inhibitor but also a major intermediate chemical in the production of several chromium compounds.
• The growth of the sodium dichromate market in North America is attributed to the growth of the paper and textile industries. Also, increasing demand for wood preservatives in the building and construction sector is causative of the increased market demand.
• Key participants include Lanxess, Nippon Chemical Industrial Co. Ltd., Chongquing Minfeng Chemical Co. Ltd., Jinshi Chemical Industry Co. Ltd., Elementis, Hebei Chromate Chemical Co. Ltd., American Elements, Sichuan Yinhe Chemical Co. Ltd., Soda Sanayii AS, and Xinjiang Sing Horn Group, among others.

Market Segmentation:

Emergen Research has segmented the global sodium dichromate market on the basis of product type, distribution channel, application, and region:

• Product Type Outlook (Revenue, USD Billion; 2017-2027)
o Calcium Roasting
o Calcium-Free Roasting
o Others
• Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
o Online
o Offline
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Metal Finishing
o Chromium Compounds Preparation
o Leather Tanning
o Pigment
o Wood Preservative

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Sodium Dichromate market with regards to market size, market share, and revenue. The global Sodium Dichromate market, on the basis of region, has been broadly categorized into several key regions, including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The report sheds light on the presence of the global Sodium Dichromate market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and various other key elements.

Furthermore, the report studies the market in terms of the global market reach and consumer bases in the key geographical regions. It provides a holistic overview of the key market players, emphasizing their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario.

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Key highlights of the report:

• The latest report performs an in-depth study of the potential opportunities and risks associated with the global Sodium Dichromate market, alongside studying the recent innovations and major events.
• The report underlines the niche segments/regions that exhibit potential growth over the forecast timeframe.
• The report analyzes numerous business expansion strategies adopted by the contending companies in this market.
• A detailed synopsis of the market includes the rapidly changing market dynamics and accurate prediction of the current, historical, and forecast market sizes in terms of volume and value.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Sodium Dichromate Market Segmentation & Impact Analysis
4.1. Sodium Dichromate Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand from the textile industry
4.2.2.2. Growing demand from the building & construction industry
4.2.2.3. Growing use in leather tanning
4.2.2.4. Rise in disposable income
4.2.3. Market restraints analysis
4.2.3.1. Hazardous effect of sodium dichromate on human health
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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