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3 trends fueling Asia Pacific sodium sulfide market expansion

Author : Ronak Bora | Published Date : 2020-11-17 

Asia Pacific sodium sulfide market is growing steadily, with rapid expansion of the regional pulp & paper sector. With the growth in urban population and improved lifestyles, majority of consumers today are spending excessively on hygiene products. Current trends in the industry can also be associated the presence of large commercial forests favorable for processing of wood pulp and paper. 

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Sodium sulfide plays an important role in processing and bleaching of bamboo, bagasse fibers, and wood to pulp. It helps impart high strength and durability to paper products. The substance is widely used as a tanning chemical during the processing and tanning stage of leather production.

It is estimated that Asia Pacific sodium sulfide market share will exceed an annual valuation of more than US$280 million by 2026, with consistent demand across pulp & paper, ore processing, chemical processing, water treatment, and other applications. Highlighted below are a few key factors fueling the product consumption in Asia Pacific.

Wide consumption of low ferric sodium sulfide

Sodium sulfide is available in crystal, anhydrous, and low ferric forms. Low ferric sodium sulfide is likely to experience a strong demand in the near future, with extensive application in leather, medicine, high-grade paper, dye, and PPS plastic manufacturing. It is also widely used as an oxygen scavenging agent in waste water treatment applications.

Anhydrous sodium sulfide will witness notable demand over the next few years, with growing utilization in gold ore hydrometallurgy, rayon dyeing, and manufacturing of organic chemicals, paper, and leather. In addition, gel-based form of the substance is prominently used in cosmetics and personal care applications such as toenail trimming.

Consistent demand across pulp & paper sector

Asia Pacific sodium sulfide market size from pulp & paper application accounted for US$18 million in 2019 and is poised to grow exponentially in the coming years. These trends can be associated with growing use of tissue papers, personal hygiene products, and packaging materials. In paper manufacturing, the substance is used during the kraft pulping process.

Asia Pacific sodium sulfide market size from ore processing application was estimated to be worth US$40 million in 2019 and will grow at a CAGR of over 7.5% through 2026. The compound serves as a cleaning agent and helps ensure that the ore surface is free from hydrophilic oxidation products. Expansion of the mining sector will certainly boost the product consumption.

Presence of leading manufacturers in China

China sodium sulfide market captured a revenue share of more than US$120 million in 2019 and is projected to experience commendable growth in the forthcoming years. The regional growth can be largely influenced by the presence of leading manufacturers. The country is also known for availability of low-cost labor, inland salt lakes, and cutting-edge technology

In March 2014, Japan’s JGC Corporation had signed a license agreement with Chinese manufacturer Zhejiang Engineering Design to license the proprietary sodium sulfide manufacturing process technology to Chinese clients. The need for effective wastewater management and treatment will further bolster the regional outlook.

Future trends in Asia Pacific sodium sulfide industry will be driven by growing implementation of new manufacturing units by existing as well as emerging players. New entrants are bound to witness promising opportunities owing to favorable business and working environment. Government initiatives such as Make in India and Made in China 2025 will certainly fuel the market expansion.  

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1455/asia-pacific-sodium-sulfide-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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