What is Global Sodium Sulphide Market?
The Global Sodium Sulphide Market is a vast and dynamic sector that encompasses a wide range of products and applications. Sodium Sulphide, a chemical compound with the formula Na2S, is a product that has found extensive use in various industries worldwide. This market, which was valued at US$ 368.4 million in 2022, is expected to grow to US$ 463.7 million by 2029, indicating a steady Compound Annual Growth Rate (CAGR) of 3.3% from 2023 to 2029. This growth is driven by the increasing demand for Sodium Sulphide in various industries, including the chemical, dye, leather, paper, and others.
Industrial Sodium Sulphide, Low Ferric Sodium Sulphide, Anhydrous Sodium Sulphide in the Global Sodium Sulphide Market:
The Global Sodium Sulphide Market is segmented into Industrial Sodium Sulphide, Low Ferric Sodium Sulphide, and Anhydrous Sodium Sulphide. Industrial Sodium Sulphide is widely used in various industries due to its versatility and cost-effectiveness. Low Ferric Sodium Sulphide, on the other hand, is preferred in applications where the presence of iron can lead to undesirable outcomes. Anhydrous Sodium Sulphide, which is Sodium Sulphide without water, is used in situations where the presence of water can lead to complications. Each of these segments has its unique characteristics and applications, contributing to the overall growth of the Global Sodium Sulphide Market.
Chemical Industry, Dye Industry, Leather Industry, Paper Industry, Others in the Global Sodium Sulphide Market:
The usage of Sodium Sulphide in various industries is a testament to its versatility and effectiveness. In the Chemical Industry, Sodium Sulphide is used as a reducing agent, in the production of other chemicals, and in various other applications. The Dye Industry uses Sodium Sulphide in the production of sulphur dyes, which are known for their bright colors and durability. The Leather Industry uses Sodium Sulphide in the tanning process, where it helps in removing hair from the hides. The Paper Industry uses Sodium Sulphide in the pulping process, where it helps in breaking down the lignin in the wood, making the fibers easier to process. Other industries also use Sodium Sulphide in various applications, contributing to its global demand.
Global Sodium Sulphide Market Outlook:
The Global Sodium Sulphide Market is dominated by a few key players, with the top five accounting for about 34.67% of the global revenue share in 2019. China is the largest producer of Sodium Sulphide, contributing 79.58% of the global production in 2019. The Asia-Pacific region is the largest consumer of Sodium Sulphide, accounting for about 70.70% of the global consumption in 2019. The Chemical Industry is the largest consumer of Sodium Sulphide, with a share of 32.78% in 2019, followed by the Dye Industry with a share of 22.71%. These figures highlight the importance of Sodium Sulphide in various industries and its global demand.
| Report Metric | Details |
| Report Name | Sodium Sulphide Market |
| Accounted market size in 2022 | US$ 368.4 million |
| Forecasted market size in 2029 | US$ 463.7 million |
| CAGR | 3.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Elion Clean Energy Company, Sichuan Shenhong Chemical, Solvay, Jiaxin Chemical, Nafine Chemical Industry, Longfu Group, Shaanxi Fuhua Chemical, Nouryon, Yabulai Salt Chem, ChemChina, Sichuan Xinxing Chem, XinJi Xibo Chemical, Sankyo Kasei, Tessenderlo, Chemical Products Corporation, Nagao, Iran Sodium Sulphide Company |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
