Sodium Hydrosulfide Market Size, Share & Industry Analysis, By Form (Liquid, Flakes), By Application (Paper & Pulp, Mining, Tanneries, Chemical Processing, Others) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102200 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Sodium hydrosulfide is a chemical compound obtained as a product in the half neutralization reaction between hydrogen sulfide and sodium hydroxide. It is a yellow solid with the smells similar to H₂S and has the chemical formula NaHS. Sodium hydrosulfide is used as tanning agent in leather industry, flotation agent in copper mining, makeup for sulfur in paper & pulp manufacturing, and water treatment. Sodium hydrosulfide is less toxic compared to sulfur; hence it can be used as a substitute for sulfur. It is also used as a chemical intermediate in the manufacturing of dyes, pharmaceuticals, and pesticides, thereby growth in its demand.

Key Market Driver -

Rise in need for clean water will favor the demand of sodium hydrosulfide

Key Market Restraint -

High cost of manufacturing

The factor expected to drive the sodium hydrosulfide market is the rise in the need for clean water. Sodium hydrosulfide is one of the compounds used in water treatment and has high demand from countries around the world. Amidst the rise in polluting water sources, the demand for water treatment process has grown which is expected to drive the market. Additionally, high demand for sodium hydrosulfide for paper & pulp manufacturing will support market growth.

High manufacturing cost and complex manufacturing processes for sodium hydrosulfide are expected to limit the market growth of sodium hydrosulfide.

Market Segmentation:

By form, the market is segmented into liquid, and flakes. Based on application, the market is segmented into paper & pulp, mining, tanneries, chemical processing, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The major companies in the global sodium hydrosulfide market report include Solvay S.A., AkzoNobel, Genesis Energy, Henan Tianshui Chemical Co., Tessenderlo Group, Chemical Products Corporation, Merck & Millipore, Cayman Chemicals, Nilkanth Organics, Prasol Chemical Pvt. Ltd., Ganga Chemicals, Central Drug House, and other key players.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenario

Porters Five Forces Analysis

Regional Analysis:

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The global sodium hydrosulfide market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific will witness the growth in demand for sodium hydrosulfide due to the presence of major leather manufacturers in India and China. North America will exhibit a high demand for sodium hydrosulfide for water treatment applications. Government regulations on treating wastewater from manufacturing plants will grow the market. Growth of sodium hydrosulfide market in Europe will be due to its high demand from mining industry. Growth in pharmaceutical industry in Brazil will be responsible for the growth of the market in Latin America.

Segmentation

ATTRIBUTE	DETAILS
By Form	Liquid Flakes
By Application	Paper & Pulp Mining Tanneries Chemical Processing Others
By Geography	North America (U.S., Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Sodium hydrosulfide Industry Developments

In November 2017, AkzoNobel invested USD 10 Million to expand the production capacity of sodium hydrosulfide by 20 KT at their LeMoyne facility. The expansion is expected to meet the demand of their customers.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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