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Sodium Sulfide Market Research, Analysis, Industry Size, Share, Emerging Trends, Top Leading Player and Region with the Forecast to 2023

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sodium sulfide market has been segmented on the basis of product, grade, application, and region

— 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.

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.

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Market Segmentation:

The global sodium sulfide market has been segmented on the basis of product, grade, application, and region.

Based on product, the global sodium sulfide market has been segregated into low ferric, anhydrous and crystal.

By form, the market has been categorized into purified and technical grade.

On the basis of application, the market has been divided into pulp & paper, chemical processing, water treatment, textile, tanning, ore processing and others.  

The global sodium sulfide market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis:

The global sodium sulfide market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at a highest CAGR owing to the increasing demand of sodium sulfide in the water treatment and pulp and paper applications. North America is expected to witness significant growth during the forest period. This is mainly due to the growing demand for the product in various industrial application such as ore processing and chemical processing.

Competitive Analysis:

The leading 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

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Source URL: https://marketersmedia.com/sodium-sulfide-market-research-analysis-industry-size-share-emerging-trends-top-leading-player-and-region-with-the-forecast-to-2023/481283

Source: MarketersMedia

Release ID: 481283

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