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Global Consumption of Sodium Sulfide Market

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Global Consumption of Sodium Sulfide to Reach 1,157 KT by 2024
In its report titled, “Sodium Sulfide Market: Global Industry Analysis and Forecast, 2016 - 2024”,
Persistence Market Research (PMR) estimates that the global consumption of sodium sulfide is
projected to grow at a sluggish CAGR of 2.9% to reach 1,157 KT by 2024. Asia Pacific (APAC)
will remain the largest market; however, demand will remain stifled on account of growing
concerns about environmental damage. While leather processing will account for the bulk of
demand, regular grade sodium sulfide will completely outsell high-purity variant.
Application Sodium Sulfide for Ferrous & Non-Ferrous Metal Production to Propel its Market
Growth
Sodium sulfide is widely utilized in dehairing process for leather production owing to its relatively
higher effectiveness, efficiency and efficaciousness than other alternatives. The market is expected
to grow on account of sodium sulfide applications in ore processing. Sodium sulfide manufacturers
are likely to witness steady demand from ferrous and non-ferrous production companies, especially
those in the ore floatation process.
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However, in spite of steady demand from end-use industries, market growth will remain sluggish
over the forecast period owing to the hazardous effects of sodium sulfide. The broader industrywide scrutiny by regulatory authorities will negatively impact demand for sodium sulfide, with
cleaner, less harmful chemicals gaining traction.
Key Findings in the Report Include
Regular grade sodium sulfide will continue to remain sought-after among manufacturers. This
product type segment accounted for 95% revenue share of the market in 2016. The status-quo is
projected to remain unchanged during the forecast period.Leather processing remains the largest
end-user of sodium sulfide. This segment will grow at a higher CAGR than the overall market,
reaching () Mn by 2024. Demand will also remain steady in the pulp and paper industry.
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In addition to Asia Pacific, Latin America and Europe will remain the other leading markets for
sodium sulfide. Manufacturers in these markets will continue to use sodium sulfide for leather
production. Latin America and Middle East & Africa (MEA) are expected to reflect 3.1% and 2.4%
CAGRs respectively in term of volume during the forecast period.
Key players partaking in the global sodium sulfide market include Solvay SA, Inner Mongolia
Lichuan Chemical Co. Ltd., Changsha Vahenry Chemical Co. Ltd., Tessenderlo Group, Xintai
Wanhe Chemical Co. Ltd., and China Nafine Group International Co. Ltd. These players are
focusing on development of application specific tailored solutions and product innovations.
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vakhas
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