In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of Sodium Sulfide Market gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.
The study objectives of this report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
The professional study and research report consider the growth that is estimated according to the market size every year.
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Asia Pacific (APAC) will remain the largest market; however, demand will remain stifled on account of growing concerns about environmental damage. While leather processing will account for the bulk of demand, regular grade sodium sulfide will completely outsell high-purity variant.
In its report titled, “Sodium Sulfide Market: Global Industry Analysis and Forecast, 2016 – 2024”, Persistence Market Research (PMR) estimates that the global consumption of sodium sulfide is projected to grow at a sluggish CAGR of 3.3% to reach 1,157 KT by 2024.
Application Sodium Sulfide for Ferrous & Non-Ferrous Metal Production to Propel its Market Growth
Sodium sulfide is widely utilized in dehairing process for leather production owing to its relatively higher effectiveness, efficiency and efficaciousness than other alternatives. The market is expected to grow on account of sodium sulfide applications in ore processing. Sodium sulfide manufacturers are likely to witness steady demand from ferrous and non-ferrous production companies, especially those in the ore floatation process.
However, in spite of steady demand from end-use industries, market growth will remain sluggish over the forecast period owing to the hazardous effects of sodium sulfide. The broader industry-wide scrutiny by regulatory authorities will negatively impact demand for sodium sulfide, with cleaner, less harmful chemicals gaining traction.
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Key Companies-
- Solvay s.a.
- Longfu Group
- Nafine Chemical Industry Group Co., Ltd
- Inner Mongolia Lichuan Chemical Co., Ltd
- Xintai Wanhe Chemical Co.Ltd
- China Nafine group international co ltd
- Tessenderlo Group
- Sichuan Shenhong Chemical Industry Co., Ltd.
- Shenzhou Jiaxin Chemical Co., Ltd
- Changsha Vahenry Chemical Co., Ltd
- Others
Key Findings in the Report Include
- Regular grade sodium sulfide will continue to remain sought-after among manufacturers. This product type segment accounted for 95% revenue share of the market in 2016. The status-quo is projected to remain unchanged during the forecast period.
- Leather processing remains the largest end-user of sodium sulfide. This segment will grow at a higher CAGR than the overall market, reaching () Mn by 2024. Demand will also remain steady in the pulp and paper industry.
In addition to Asia Pacific, Latin America and Europe will remain the other leading markets for sodium sulfide. Manufacturers in these markets will continue to use sodium sulfide for leather production. Latin America and Middle East & Africa (MEA) are expected to reflect 3.1% and 2.4% CAGRs respectively in term of volume during the forecast period.
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint.
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