Global Sodium Hydrosulfite Market

Global Sodium Hydrosulfite Market was valued US$ XX Bn. in 2019 and is expected to grow at CAGR of 4.05 %, to reach US$ XX Bn. during the forecast period 2020 to 2027.

Global Sodium Hydrosulfite Market, By Region

Market Definition:

Sodium Hydrosulfite (Na2S2O4) is a water soluble white crystalline powder, commonly known as Sodium dithionite used as a reducing and bleaching agent, especially in stripping textiles, printing and dyeing e.g. indigo dye. Annually, XXXX tons of Sodium Hydrosulfite is produced worldwide in which China and Europe held the majority share.Regionally, Asia Pacific region is expected to dominate the market with XX-XX % of share in 2020 after considering the COVID 19 effect and by 2020 it is APAC is expected to hold XX% market share.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Market Dynamics

This market study offers a comprehensive analysis of the business models, key influencing factors, market strategies, statistical analysis, Trends and respective market shares of some of the most prominent players in this landscape.

The surging demand for paper products in APAC is estimated to drive the growth of the global sodium hydrosulfite market during the forecast due to pervasive application as a reductive bleaching agent in the paper manufacturing process. The Asia Pacific is estimated to have the highest CAGR of 45% of and is the major regional market for the paper industry in the worldwide. The growth is also expanding by rising application in various industries such as textile, pharmaceutical, food additives, paper, wood pulp bleaching and kaolin bleaching. Apart from these, upsurge demand for cosmetics, kaolin bleaching with growing use and lucrative growth of textile dye is estimated to project large opportunity for further development in the global market.

However, Global Sodium Hydrosulfite market is estimated to have some severe challenges from the fluctuating phase of the paper and pulp industry to the high cost of raw materials in the upcoming year, thereby hindering the growth of the global market.

Global Sodium Hydrosulfite Market Segmentation:

The report covers the brief analytical segments of the Global Sodium Hydrosulfite Market thereby providing a wider view at the macro as well as micro levels.

Based on Application, the textile industry and the wood pulp bleaching segment is estimated to have a major share of the overall sodium hydrosulfite application market in 2019. The textile industry segment is registered to have the largest growth contributing to 45% of total revenue in 2019, growing at a CAGR of 4.3% during the forecast 2020 to 2027. Growing due to increasing demand for a textile product such as apparels and clothing across the globe, especially in China, U.S, India. Furthermore, rapid industrialization, growing disposable income and high production incomes due to commercialization are driving the overall market.
Followed by Wood pulp bleaching market which is the second-largest segment, in the global sodium hydrosulfite market owing to the growing demand for coated paper and improved process efficiency.

Based on Grade, Technical grade is estimated to reach 365-kilo tons in the upcoming forecast. Growing due to wide application in waste treatment and plastic and paint industry to produce dye. Expanding product consumption in the water treatment industry is anticipated to reach US$ XX.0 Bn by 2027, thus driving overall product demand.

Global Sodium Hydrosulfite Market, Regional analysis

In terms of region, Asia Pacific is dominated as the largest market with US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 4.5 % during the forecast period. APAC has emerged as the largest producer as well as the consumer of sodium hydrosulfite. Among which china is registered to have highest demand with more than 65% in the global market. Other Asian economy such as Japan, India, and Pakistan are also contributing significantly growth in the market. Chiefly driven by the rapid industrialization, growing demand from textile processing and presence of large manufactures in the region
On the other hand, North America and Europe is also rapidly growing at the fastest rate with a market share of XX % over the forecast period by 2027 growing due to flourishing wood pulp bleaching industries.

Competitive Analysis:

Global Sodium Hydrosulfite Market is extremely uneven and the market vendors use various strategies such ascollaborations, expansions, acquisitions, and launch of new products, joint ventures, acquisitions, and others to upturn their ways in this market.
The objective of the report is to present a comprehensive analysis of the Sodium Hydrosulfite Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

Recent Developments, merges & Acquisitions

• TCP Limited in India is one of the leading manufacturers of Pure Sodium Hydrosulphite. TCP adopted a novel process known as ”Sodium Formate Process”, for the manufacture of Sodium Hydrosulphite, against the traditional method of Amalgam or Zinc Process. The benefit of Sodium Formate method is that the end-product does not restrain even traces of Zinc Iron.

• TCP joint venture with M/s Mitsubishi organisation of Japan, which provided both the imported equipment with the name of the process as, ‘How for the Plant’ which is the only plant in India for Sodium Hydrosulfite and among the five in the world,

The report also helps in understanding Global Sodium Hydrosulfite Market dynamics, structure by analyzing the market segments and projects the Global Sodium Hydrosulfite Market size. Clear representation of competitive analysis of key players By Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Sodium Hydrosulfite Market make the report investor’s guide

For more information visit@ https://www.maximizemarketresearch.com/market-report/global-sodium-hydrosulfite-market/55666/

Scope of the Sodium Hydrosulfite Market

Global Sodium Hydrosulfite Market, By Type

• Technical Grade
• Food Grade
Global Sodium Hydrosulfite Market, By Product

• Calcium stearate
• Sodium stearate
• Zinc stearate
• Magnesium stearate
• Aluminum monostearate
• Others (Including lithium stearate, etc.)
Global Sodium Hydrosulfite Market, By Applications

• Wood pulp bleaching
• Textiles
• Mineral Flotation
• Food
• Chemical Industry
Global Sodium Hydrosulfite Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Global Sodium Hydrosulfite Market, By key Players

• Chemtrade Logistics Inc.
• Guangdong ZhongCheng Chemicals Inc. Ltd.
• TCP Ltd.
• BASF SE
• Montgomery Chemicals
• Jinhe Group
• Royce International Corp.
• Mitsubishi Gas Chemical Co. Inc.
• Bruggemann Chemical
• AZ Chemicals Inc.
• Cameo chemicals
• Shangy Jiehua Chemical Co. Ltd.
• Chemtrade Logistics Inc.
• Alfa Chemistry
• Esseco Group
• Finetech Industry
• Globe Chemicals
• TCI Chemicals
• Triveni Interchem

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