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 a significant global market. This market was valued at a whopping US$ 368.4 million in 2023 and is projected to reach an impressive US$ 463.7 million by 2030. This growth trajectory, which represents a compound annual growth rate (CAGR) of 3.3% during the forecast period of 2024 to 2030, is driven by various factors. These include the increasing demand for Sodium Sulphide in various industries such as the chemical industry, dye industry, leather industry, paper industry, among 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 three main types: Industrial Sodium Sulphide, Low Ferric Sodium Sulphide, and Anhydrous Sodium Sulphide. Industrial Sodium Sulphide is the most common type and is widely used in various industries due to its versatility and affordability. Low Ferric Sodium Sulphide, on the other hand, is a premium product that is used in applications where the presence of iron can be detrimental. Anhydrous Sodium Sulphide is a specialized product that is used in applications where the absence of water is critical. Each of these types has its own market dynamics and growth drivers, 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 key driver of the Global Sodium Sulphide Market. In the chemical industry, Sodium Sulphide is used as a reducing agent and in the production of other chemicals. In the dye industry, it is used in the production of sulphur dyes. In the leather industry, Sodium Sulphide is used in the dehairing process of animal hides. In the paper industry, it is used in the Kraft process for the production of paper and pulp. Other industries also use Sodium Sulphide for various applications, further driving the demand for this product.
Global Sodium Sulphide Market Outlook:
The Global Sodium Sulphide Market is dominated by a few key players who accounted 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%.
| Report Metric | Details |
| Report Name | Sodium Sulphide Market |
| Accounted market size in 2023 | US$ 368.4 million |
| Forecasted market size in 2030 | US$ 463.7 million |
| CAGR | 3.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
