The report of Sodium Hydrosulfite Market is segmented By Type (Technical Grade, Food Grade), Product (Calcium stearate, Sodium stearate, Zinc stearate, Magnesium stearate, Aluminum monostearate, Others (Including lithium stearate, etc.)), Application (Wood Pulp Bleaching, Textiles, Mineral Flotation, Food, Chemical Industry), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 4.05 % during a forecast period.
Some of the key factors driving the growth are growing demand from the textile industry, increasing consumer preference and high disposable income. Sodium hydrosulfide is predicted to grow due to less toxic in comparison to sulphur and can be used in replacement to sulphur, which is anticipated to expand its market size. The utilization in beautifying agents, especially in kaolin bleaching and hair care items are expected to provide growth opportunity during the forecast period.
However, reducing production capacity in the paper industry with low output, high cost and explosion danger are hampering the growth of the global sodium hydrosulfite market.
Technical grade is expected to grow at the highest XX% CAGR during the forecast period.
Based on grade, Technical grade holds the largest market share was valued to be XX% in 2019 and is projected to grow at CAGR of XX% to reach US$ XX Mn by 2027. The technical segment may exceed 365-kilo tons in the forecast. Employed to enhance the procedures for wastewater treatment and cleaning for industrial use accompanied by its application to produce dye in plastic and paint industry along with expanding Consumption, which is forecasted to reach USD 40 Bn by 2027, thus propelling the product demand.
Asia Pacific is projected to witness the fastest growth during the forecast period.
Geographically, Asia Pacific is estimated to dominate the largest market valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during the forecast period. Growing due to the presence of emerging countries such as, India Australia, China and Japan in the region and the presence of major player for leather products such as footwear especially in India and China, thereby driving regional product demand.
North America and Europe is accounted to have the grow at fastest rate mainly due to the utilization of Sodium Hydrosulfite in wood pulp bleaching and the presence of well-established textile infrastructure.
Key players operating in the Global Sodium Hydrosulfite Market are 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 and Triveni Interchem.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Sodium Hydrosulfite Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Sodium Hydrosulfite Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Sodium Hydrosulfite Market positioning of competitors.
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