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Sodium Hydrosulfite Market worth more than US$1.4 billion by 2024 | increasing deployment in the textiles sector

Author : Ravi Chawat | Published Date : 2020-09-16 

As per the Global Market Insights, Inc., estimates that the global sodium hydrosulfite market is set to exceed $1.4 billion valuation by 2024. With reference to the application segment, the textile industry attributed for a considerable chunk of industry growth, given that demand across the global textile sector was more than 90 million tons in 2016. The demand is anticipated to reach 130 million tons through 2024 generating income of more than $700 million by 2024, growing at a CAGR of over 4%.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1803

Sodium hydrosulfite plays an integral part in the textile industry owing to its extensive application as a bleaching agent in cotton, nylon, and wool. The product is also used as a dyeing auxiliary in reduction clearing and vat dyeing as well as  reduction clearing in disperse dyes. Rapidly increasing revenue levels of populations across emerging economies and growing sales of footwear and apparels over e-commerce websites and portals are likely to drive the textile sector growth. This development would further augment the demand for sodium hydrosulfite market through 2024.  

Elaborating from a regional perspective, the Asia Pacific sodium hydrosulfite market is predicted to grow by more than 70% through the forecast timespan. The region is projected to generate income of more than $1 million in 2024. The growing textile industry in the region is a key factor responsible for the heavy deployment of the product.

Sodium hydrosulfite market observes heavy demand from China, Bangladesh, Pakistan, Vietnam, and India owing to their status of prominent textile and apparel manufacturing nations. In addition, the substantial presence of major manufacturers of paper and pulp across the region would further complement the market growth through the forecast timespan.

Apart from the textile industry, extensive applications of sodium hydrosulfite in the production of metakaolin and kaolin is likely to augment its demand in the coming years. the product is used as a reducing agent to enhance the brightness of kaolin. Kaolin is extensively used to produce ceramics, fiberglass, rubber, plastics, cement, paints and coatings, and paper. Although, the overall sodium hydrosulfite demand in the industry is low, massive growth in the metakaolin and kaolin production would proliferate the overall sodium hydrosulfite market outlook.  

Sodium hydrosulfite, also known as sodium dithionite, is commonly used in the manufacturing of various commercial products including writing paper, photographic film, metal recovery, and leather goods. In the textiles industry, it is used as a reducing agent in colored fabrics. In terms of the applications, it is estimated that nearly 50% of the substance is used in textile bleaching applications, 35% in paper and pulp bleaching, and the remaining in other applications.

The use of sodium hydrosulfite in textile applications has garnered momentum due to rapid growth in the world population and subsequently rising demand for apparel. Constantly changing trends in clothing and fashion have completely transformed textiles manufacturing. With a notable rise in income levels, consumer attraction towards high-quality apparels has increased significantly. In addition to this, consumer lifestyles both in developed countries and developing ones are changing rapidly on account of globalization.

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

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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