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How the Sodium Hydrosulfite Market Is Developing Over 5 Market Segments?

Author : Ronak Bora | Published Date : 2019-08-07 

Overall, global sodium hydrosulfite market is forecast to carve a sizable growth in emerging economies especially across APAC belt. North America and Europe sodium hydrosulfite market, on the other hand, is likely to witness rather a moderate growth over the coming seven years.  The increasing importance of paperless economy in these two regions is negatively impacting the sodium, hydrosulfite business space. In 2016, the overall paper board production capacity in North America was 79.6 million tons, which the market expert forecast to scale down to 70 million ton by 2024. Western Europe is also foreseen to follow the similar trend to fall down to 80 million tons by the end of 2024, from 88.2 million tons in 2016. Considering the aforementioned issues that may hamper the regional market growth, North America and Europe sodium hydrosulfite market is slated to witness 2% and 1.5% CAGR respectively over 2017-2024.

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Forecast to be the most profitable region for the market investors, APAC accounted for almost 45% of the overall sodium hydrosulfite market share in 2016. The expanding paper & pulp and textile industries in this region is the prime factor that is driving the regional market outlook. This is quite evident from the impending demand for paper products in the regional packaging market, which has experienced a significant impetus post e-commerce entry in the retail space. In fact, as per estimates, the demand for paper products in the APAC countries is forecast to exceed 350 million tons in terms of volume by 2024, subsequently upscaling sodium hydrosulfite industry share as well. China, Pakistan, Bangladesh, and Vietnam are some of the prominent nations which are expected to contribute significantly toward the regional market share in the coming years. Other factors that are catapulting the business growth are the cost-effective workforce, availability of raw materials, and favorable government support. Global Market Insights, Inc., predicts APAC to be at the forefront of the global sodium hydrosulfite industry landscape by 2024, with a market coverage of almost 70% of the total volume.

Sodium Hydrosulfite Market

  • Industry Trends
  • Sodium Hydrosulfite Market, By Process
  • Sodium Hydrosulfite Market, By Application
  • Sodium Hydrosulfite Market, By Region
  • Competitive Market Share
  • Industry Background

Growth in textiles industry is likely to boost the sodium hydrosulfite market development in coming years due to its application as a bleach for several clothing fabrics such as cotton, nylon and wool. In 2016, the overall textiles market was above 85 million tons and is likely to reach over 125 million tons till 2024. The product is used as a dyeing agent in disperse dyes and vat dyeing. Shift in demographics and income trend in developing economies and significant growth in sales of clothing and other related items via e- commerce medium will spur the textiles demand in the forecast period. This in turn, will propel the sodium hydrosulfite market development till the end of forecast timeframe.

The product is used as reducing agents in metakaolin and kaolin synthesis and its demand for this application is likely to rise at a rapid pace providing new prospects for the product market growth. Sodium hydrosulfite is basically used for improving the kaolin brightness, which is further used to produce paints, coatings, rubber, paper, cement, ceramics, and fiberglass. Significant growth in metakaolin and kaolin industry will propel the sodium hydrosulfite market demand in coming years.

Sodium hydrosulfite market is bifurcated into production process and application. The production process is segmented as zinc process, sodium formate and other processes. In 2016, textile was the major application sector in the industry and this trend is likely to continue till 2024. Textile segment market revenue will exceed USD 650 million by 2024, growing at a moderate rate. The product has been majorly used as a bleaching and reducing agent in textiles manufacturing.

Browse key industry insights spread across 115 pages with 140 market data tables & 11 figures & charts from the report, “Sodium Hydrosulfite Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/sodium-hydrosulfite-market

The major players in the sodium hydrosulfite market include Chemtrade Logistics, Guangdong ZhongCheng Chemicals, BASF, Jinhe Group, AZ Chemicals., Mitsubishi Gas Chemical Company, Bruggemann Chemical, TCP Limited, Royce, Montgomery Chemicals, Alfa Chemistry, Tokyo Chemical Industry and others.

Glimpse of Table of Content (ToC)

Chapter 3. Sodium Hydrosulfite Market Insights

3.1.  Sodium Hydrosulfite Market segmentation

3.2.  Sodium Hydrosulfite Market size and forecast, 2013 - 2024

3.3.  Sodium Hydrosulfite Market ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.         Rising demand for paper products in Asia Pacific

3.4.1.2.         High growth in the global textiles industry

3.4.2.     Industry pitfalls & challenges

3.4.2.1.         Declining capacity of paper & paper board production in North America & Europe

3.4.2.2.         High flammability and instability of sodium hydrosulfite

3.5.  Growth potential analysis

3.6.  Technology trends

3.7.  Regulatory trends

3.7.1.     U.S.

3.7.2.     Europe

3.7.3.     China

3.8.  Porter’s analysis

3.9.  Company market share analysis, 2016

3.9.1.     Strategic landscape

3.10.          PESTEL analysis

3.11.  Regional price trends

3.11.1.   Cost structure analysis

3.11.2.   Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-hydrosulfite-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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