Published by Coherent Market Insights
Posted on September 21, 2021
Sodium Sulfide is a chemical compound that is alkaline in nature when exposed to air and smells like rotten eggs. It has a wide range of application across pulp and paper industry, textile industry, water treatment, and various chemical manufacturing processes such as manufacturing of sulfur dyes, rubber chemicals, and oil recovery. Sodium sulfide is also used in the photographic industry for protecting the developer solution from being getting oxidize. Moreover, it is also used in the pulp and paper industry in the Kraft process. Furthermore, it is also used to produce elastic synthetic products, sulfur colors, and leather products.
The global sodium sulfide market is projected to reach around US$ 672 million by the end of 2027, in terms of revenue, growing at CAGR of 3.4% during the forecast period (2019-2027).
Top Key Players in Sodium Sulfide market: 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, and Changsha Vahenry Chemical Co., Ltd.
Regional Analysis For Sodium Sulfide Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Sodium Sulfide market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Another major concern associated with the sulfide-rich effluents sewer corrosion, malodours, and toxicity to humans, livestock & agriculture which is expected to hinder the market growth of sodium sulfide. Moreover, strict rules and regulations imposed on the usage of sodium sulfide is further anticipated to hinder the market growth over the forecast period.
Sodium sulfide is highly alkaline in nature and may cause skin burns and other skin related problems upon exposure. Therefore, this side-effects associated with the usage of sodium sulfide is expected to hinder the market growth over the forecast timeframe.
Expanding oil &gas industry where sodium sulfide is used to recover the oil is expected to foster market growth. According to the U.S. Energy Information Administration, U.S. oil production reached 9.97 million barrels per day (b/d) in December 2017 and 12.04 million b/d in December 2018. Therefore, the rising production of oil, especially in the U.S. region, is expected to augment the market growth of sodium sulfide over the forecast timeframe.
Expanding chemical industry due to rising spending by the manufacturer is also another major trend that has been observed in the market and this is projected to propel the market growth of sodium sulfide. According to Invest India, the market size of the Chemicals industry in India stood at US$ 163 billion in 2017-18 and alkali chemicals had the largest share in the Chemical industry in India with approximately 69% share in the total production. Hence, expanding the chemical industry will favor market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sodium Sulfide market 2021 Key Players, Drivers, Challenges, Future Prospect and Key Players appeared first on Gatorledger.
Sodium Sulfide is a chemical compound that is alkaline in nature when exposed to air and smells like rotten eggs. It has a wide range of application across pulp and paper industry, textile industry, water treatment, and various chemical manufacturing processes such as manufacturing of sulfur dyes, rubber chemicals, and oil recovery. Sodium sulfide is also used in the photographic industry for protecting the developer solution from being getting oxidize. Moreover, it is also used in the pulp and paper industry in the Kraft process. Furthermore, it is also used to produce elastic synthetic products, sulfur colors, and leather products.
The global sodium sulfide market is projected to reach around US$ 672 million by the end of 2027, in terms of revenue, growing at CAGR of 3.4% during the forecast period (2019-2027).
Top Key Players in Sodium Sulfide market: 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, and Changsha Vahenry Chemical Co., Ltd.
Regional Analysis For Sodium Sulfide Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Sodium Sulfide market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Another major concern associated with the sulfide-rich effluents sewer corrosion, malodours, and toxicity to humans, livestock & agriculture which is expected to hinder the market growth of sodium sulfide. Moreover, strict rules and regulations imposed on the usage of sodium sulfide is further anticipated to hinder the market growth over the forecast period.
Sodium sulfide is highly alkaline in nature and may cause skin burns and other skin related problems upon exposure. Therefore, this side-effects associated with the usage of sodium sulfide is expected to hinder the market growth over the forecast timeframe.
Expanding oil &gas industry where sodium sulfide is used to recover the oil is expected to foster market growth. According to the U.S. Energy Information Administration, U.S. oil production reached 9.97 million barrels per day (b/d) in December 2017 and 12.04 million b/d in December 2018. Therefore, the rising production of oil, especially in the U.S. region, is expected to augment the market growth of sodium sulfide over the forecast timeframe.
Expanding chemical industry due to rising spending by the manufacturer is also another major trend that has been observed in the market and this is projected to propel the market growth of sodium sulfide. According to Invest India, the market size of the Chemicals industry in India stood at US$ 163 billion in 2017-18 and alkali chemicals had the largest share in the Chemical industry in India with approximately 69% share in the total production. Hence, expanding the chemical industry will favor market growth over the forecast period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Sodium Sulfide market 2021 Key Players, Drivers, Challenges, Future Prospect and Key Players appeared first on Gatorledger.
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