USD 10.1 billion
Sodium Sulfide Market Size, Share, Growth Analysis, By Type(Solid Sodium Sulfide and Liquid Sodium Sulfide), By Application(Pulp and Paper, Textile, Water Treatment, Mining), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2422 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Sodium Sulfide Market Insights
Sodium Sulfide Market size was valued at USD 10.1 billion in 2021 and is poised to grow from USD 10.65 billion in 2022 to USD 16.21 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).
The global sodium sulfide market has been witnessing growth driven by various factors such as increasing industrial applications, particularly in the leather industry, paper manufacturing, and chemical processing sectors. The demand for leather products, including footwear, garments, and accessories, continues to rise, particularly in emerging economies. Sodium sulfide is a crucial ingredient in the leather tanning process, as it helps remove hair and other impurities from animal hides, resulting in high-quality leather products. As the global fashion industry experiences steady growth, the demand for leather goods is expected to rise, further boosting the demand for sodium sulfide. With the growing global emphasis on sustainable packaging and eco-friendly materials, the demand for paper and paper-based products is anticipated to increase, thereby positively impacting the sodium sulfide market.
US Sodium Sulfide Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solid Sodium Sulfide
Fastest Growth
Growth Rate
5.4% CAGR
Global Sodium Sulfide Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Sodium Sulfide Market Segmental Analysis
The global sodium sulfide market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Solid Sodium Sulfide, and Liquid Sodium Sulfide. Based on application, the market is segmented into Pulp and Paper, Textile, Water Treatment, Mining, Leather Processing and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sodium Sulfide Market Analysis by Type
The dominant type in the global sodium sulfide market is Solid Sodium Sulfide. It holds a substantial share in the overall market and is widely utilised in various industries for different applications.
On the other hand, the Fastest Growing Type in the global sodium sulfide market is Liquid Sodium Sulfide. The demand for liquid sodium sulfide is experiencing rapid growth due to its increasing applications in industries such as chemical manufacturing, water treatment, and mining.
Sodium Sulfide Market Analysis by Application
Among the various applications of sodium sulfide in the global market, the most dominant segment is the pulp and paper industry. Sodium sulfide plays a vital role in the pulp and paper manufacturing process, particularly in the kraft pulping method, where it is used for delignification of wood fibers. Its ability to remove lignin from wood chips efficiently makes it an indispensable chemical in the production of high-quality pulp, contributing to its dominance in this sector.
On the other hand, the fastest growing application of sodium sulfide is in the water treatment industry. As concerns over water pollution and contamination rise globally, the demand for effective water treatment solutions has increased substantially. Sodium sulfide is utilised in various water treatment processes, such as heavy metal removal and precipitation of sulfide compounds. Its effectiveness in treating industrial wastewater and municipal water sources has driven its rapid growth in the water treatment sector.
Global Sodium Sulfide Market By Type
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Sodium Sulfide Market Regional Insights
Asia-Pacific emerges as the most dominant region owing to its robust industrial and manufacturing sector that is driving significant demand for Sodium Sulfide across various applications. Countries like China, India, and Japan have a considerable presence of leather, textile, and chemical industries, which are major consumers of Sodium Sulfide in processes like dyeing, dehairing, and ore processing. The region's large population and economic growth further contribute to the dominance of Asia-Pacific in the global Sodium Sulfide market.
On the other hand, the fastest growing region in the global Sodium Sulfide market is Latin America. The region is experiencing rapid industrialization and economic development, leading to increased consumption of Sodium Sulfide in diverse sectors such as pulp and paper, textiles, and water treatment. Moreover, mining activities are on the rise in countries like Brazil and Chile, where Sodium Sulfide finds application in ore processing. The expansion of these industries, along with favourable government policies, is propelling the growth of the Sodium Sulfide market in Latin America.
Global Sodium Sulfide By Geography
- Largest
- Fastest
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Sodium Sulfide Market Dynamics
Sodium Sulfide Market Drivers
Leather Processing Applications
- Sodium sulfide plays a crucial role in leather processing, aiding in the removal of hair and other impurities during tanning. With the rising demand for leather products, especially in the fashion and automotive sectors, the demand for sodium sulfide is increasing, positively impacting the market.
Sodium Sulfide Market Restraints
Market Fragmentation
- The global sodium sulfide market is fragmented, with several small and large manufacturers competing in the industry. Intense competition can lead to price fluctuations and reduced profit margins for companies operating in the market.
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Sodium Sulfide Market Competitive Landscape
In this market, established multinational chemical manufacturers play a significant role, leveraging their extensive resources and expertise to maintain a strong market position. These companies often have well-established supply chains, enabling them to cater to a broad customer base across various industries. Additionally, their robust research and development capabilities facilitate continuous improvements in product quality and performance.
Sodium Sulfide Market Top Player’s Company Profiles
- Longfu Group (China)
- Sichuan Shenhong Chemical Industry Co., Ltd. (China)
- Athiappa Chemicals (India)
- Xinxiang Liaohe Oilfield Tianyi Chemical Co., Ltd. (China)
- Shanxi Naipu Import & Export Co., Ltd. (China)
- Nafine Group International Co., Ltd. (China)
- Tianjin Xibeier International Co., Ltd. (China)
- Shaanxi Fuhua Chemical Co., Ltd. (China)
- Nafine Chemical Industry Group Co., Ltd. (China)
- Nease Co. LLC (US)
- Henan Province Nafine Chemical Industry Group Co., Ltd. (China)
- Chemical Products Corporation (US)
- Crowncore (US)
- ProChem, Inc. (US)
- China Sodium Sulfide Industry Corporation (China)
- Xinxiang Xingsheng Chemical Co., Ltd. (China)
- Nafine Group International Co., Ltd. (China)
Sodium Sulfide Market Recent Developments
- In May 2023, Solvay announced the expansion of its sodium sulfide production capacity in Belgium.
- In April 2023, Tessenderlo Group announced the acquisition of a sodium sulfide plant in China.
- In March 2023, PPG Industries announced the launch of a new line of sodium sulfide products for the water treatment market.
- In February 2023, ISSC (IRSS) announced the opening of a new sodium sulfide production facility in India.
- In January 2023, ICS Industries Chemikalien Schwefel Natrium announced the expansion of its sodium sulfide production capacity in Germany.
Sodium Sulfide Key Market Trends
- Growing Demand from Leather Industry: As the leather industry continues to expand, particularly in emerging economies, the demand for sodium sulfide as a key chemical in leather production is witnessing significant growth. The rise in consumer preferences for leather goods, including footwear, apparel, and accessories, further contributes to the increasing demand for sodium sulfide. Additionally, advancements in leather processing technologies and the adoption of sustainable practices are expected to influence the market, as manufacturers seek eco-friendly alternatives in the production process. As the leather industry thrives, the demand for sodium sulfide is poised to remain strong, propelling the growth of the global market in the foreseeable future.
Sodium Sulfide Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global sodium sulfide market analysis, the increasing demand from various industries, including paper and pulp, textiles, and water treatment, is a key driver for market growth. Sodium sulfide plays a crucial role in these industries as a versatile chemical with various applications. It is widely used in the paper and pulp industry for pulp delignification, in the textile industry for dyeing and bleaching processes, and in water treatment to remove heavy metals and control odours. Sodium sulfide is used in water treatment to precipitate heavy metals, making it an essential chemical in water purification processes. Moreover, the increasing awareness of sustainable practices and environmental protection is driving the demand for sodium sulfide in wastewater treatment applications. In terms of regional analysis, Asia Pacific holds a significant market share in the sodium sulfide market due to the growing demand from industries such as textiles, paper and pulp, and leather processing. The region's robust industrialization and economic growth contribute to the high demand for sodium sulfide. Additionally, the increasing need for clean water and stringent regulations to treat wastewater are boosting the market growth in the Asia Pacific region.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.1 billion |
| Market size value in 2031 | USD 16.21 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sodium Sulfide Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sodium Sulfide Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sodium Sulfide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sodium Sulfide Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sodium Sulfide Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sodium Sulfide Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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