The Global Sodium Sulfide Consumption Is Expected To Expand At A Modest CAGR Of 2.9 % By 2031

The sodium sulfide consists of sodium salts that are moderately soluble in acid and water. These sulfides are sulfuric acid esters, which are generated when hydrogen atoms are replaced by sodium. The expansion of the chemical sector in emerging economies is expected to boost market growth in the forecast period. The global sodium sulfide consumption is expected to expand at a modest CAGR of 2.9 %.

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Who are the Key Manufacturers and Suppliers of Sodium Sulfide?
Manufacturers, suppliers and distributors are among the key participants recognized across the globe which includes: Xintai Wanhe Chemical Ltd, China Nafine group international ltd, Solvay, Nafine Chemical Industry Group, Changsha Vahenry Chemical Ltd., Sichuan Shenhong Chemical Industry Ltd., Inner Mongolia Lichuan Chemical Corportaion Ltd and Shenzhou Jiaxin Chemical Ltd.

What is Driving Demand for Sodium Sulfide Market?
The water treatment chemicals have a wide range of industrial and power applications which is one of the primary reason driving the sodium sulfide sales. Moreover, In the Asia Pacific region, the rising population and urbanization have resulted in increased wastewater production which needs to be treated and hence there is a greater need for sodium sulfide for water treatment.

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Sodium Sulfide will be benefited from increase in leather production
Sodium sulfide has a wide range of applications in the leather and tanning industry. It is mostly utilized as a de-hairing agent in the pre-tanning process. De-hairing is the first phase in the process of leather production, and it involves specific chemicals which are used to remove the animal skin.

De-hairing using sodium sulfide and lime is commonly used throughout many geographical regions involved in leather production because it is more efficient and more productive than other options available. During the assessment period, developing countries in the Asia Pacific region had a significant demand in the leather production. In terms of positive growth, this should boost the sale of the product.

Key Segments

Based on Applications, the market is segmented into:
Leather Processing
Paper and Pulp
Chemical Processing
Water Treatment
Ore Processing
Food Preservative
Others

Based on Product Type, the market is segmented into:
Regular Grade
High Purity Grade

Based on Region, the market is segmented as
North America
US & Canada
Latin America
Brazil, Mexico, Argentina & Rest of Latin America
Europe
Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
East Asia
China, Japan, South Korea
South Asia
India, Thailand, Malaysia, Indonesia and Rest of South Asia
Oceania
Australia and New Zealand
Middle East and Africa
GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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Asia Pacific Region Sodium Sulfide Market Outlook
The demand for the leather manufacturing industry in Asia Pacific region is very significant helping in producing and exporting numerous types of leather from animals for use in the garments andfootwear sector. The sodium sulfide softens tough leather and is essential in the processing of animal skin, which takes the sales of the product to the greater heights.

The Sodium Sulfide market report offers insights to several qualitative and quantitative aspects of the growth dynamics to inform and guide stakeholders in effective strategy-making. The following insights cover some of the more important aspects:
Key drivers, impediments, and winning imperatives for top players
Prevailing technology trends globally
Ongoing research and development activities in various regions and their role on the revenue potential of Sodium Sulfide market
New business models
Collaborations, partnerships, mergers and acquisitions
Key strategies being adopted by top players
Entry barriers and intensity of competition in the Sodium Sulfide market
Size of opportunities in different key regional markets
Region-wise assessment of potential opportunities during the forecast period

Sodium Sulfide Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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