Market Overview:
Sodium sulfide is crystalline solid of brick red or yellow color. Sodium Sulfide are soluble in water which produces strong alkaline solutions. Sodium sulfide absorbs the moisture in humid air and get heat up to set fire to nearby materials. While setting up the fire, it smells like rotting eggs due to emission of hydrogen sulfide.
Sodium sulfide is crystalline solid of brick red or yellow color. Sodium Sulfide are soluble in water which produces strong alkaline solutions. Sodium sulfide absorbs the moisture in humid air and get heat up to set fire to nearby materials. While setting up the fire, it smells like rotting eggs due to emission of hydrogen sulfide.
Based on product, the global sodium
sulfide market is segmented in to low ferric, anhydrous, crystal products. Low
ferric segment accounted for largest market share in the global market. Wide
applications of low ferric sodium sulfide in pulp and paper, ore processing and
chemical processing industry is expected to dominate the segment during the
forecast period. Moreover, properties of low ferric sodium sulfide such
as its high solubility in water and alcohol, and moisture absorption capability
is expected to increase its demand.
By grade, the global sodium sulfide
market is segmented in to purified and technical grade. Among these, technical
grade accounted for largest share in the global market. Technical grade sodium
sulfide act as oxygen scavenging agent in water treatment, dechlorinating agent
in leather and sulfonation agent in chemical industry which is expected to
dominate segmental market during review period.
On the basis of application, the
global sodium sulfide market has been categorized into pulp & paper,
chemical processing, water treatment, textile, tanning, ore processing, others.
The water treatment segment held the major market share in 2017, which mainly
attributed to the surging water treatment chemical demand for wastewater
treatment in chemical, power, pulp & paper, municipal, oil & gas, food
& beverages, agriculture and mining industries in Asia Pacific region.
Based
on region, the global sodium sulfide market has been segmented into
Asia-Pacific, North America, Europe, Latin America, and the Middle East &
Africa. Asia-Pacific accounted for the largest market share in 2017 and is
projected to grow at the highest CAGR during the review period. In
Asia-Pacific, China, Japan, South Korea, and India are the major contributors
to the growth of this regional market. China is the largest consumer and
producer, not only in this region but also across the world. This is mainly
attributed to the vast growth of application industries such as pulp &
paper, chemical processing, water treatment, textile, tanning, ore processing
in this country. By 2020, China alone is anticipated to account for
approximately half of the global sale. China is followed by India. India is set
to grow at the highest CAGR during the review period on account of the
increasing sodium sulfide processing capacity, technological advancements
and rapid industrialization in the
region. Additionally, lower labor costs , favorable government policies for
industrialization, rapid growth of the water treatment chemical industry, and
widening scope of applications for the sodium sulfide are the primary factors
driving growth of this countries market during the forecast period.
The
increasing demand for the sodium sulfide in the ore processing and chemical
processing is likely to propel the market growth in Europe and North America
region. UK, Russia, Germany and US are the major markets in these regions. This
is mainly due to their vast potential for investment in new technologies for
the ore and chemical processing in these countries.
The
market in the Middle East & African region is expected to grow at positive
CAGR in the coming years. Saudi Arabia, Turkey, South Africa, and UAE are expected
to be the major countries contributing to market growth in the region.
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Complete Report @ https://www.marketresearchfuture.com/reports/sodium-sulfide-market-7079
Global Key Players:
The key players in the global
sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua
Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium
Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay,
Longfu Group, Nafine Group International Co., Ltd., and others
Intended Audience:
- Sodium sulfide
manufacturers
- Traders and distributors
of sodium sulfide
- Research and development
institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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