Sodium Sulfide Market Overview:
Sodium Sulfide market size will be further expanded, we expect that by 2021, the market size of the Sodium Sulfide will reach USD 590 million.
Sodium sulfide is essentially used as a dehairing operator during the process of pre-tanning. Dehairing is the first step while making leather and it is involved with depilating animal shelters with the help of specific elements. Sodium sulfide and lime based dehairing are broadly extended across diverse geographical regions included in leather production as it is relatively more efficient, and efficacious compared to other options available. Steady growth in the global leather product can be safely assumed during the course of the projected period. Developing nations in the APAC region such as Taiwan, India, and Vietnam along with African countries such as Kenya, Morocco and Ethiopia should show strong growth in leather making over the course of the eight-year study. This should immediately benefit the sodium sulfide market in terms of robust growth.
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Sodium Sulfide Market Growth Drivers and Insights:
Crystal sodium sulfide market may display growth of about 6.50% till 2024. The product finds great use as an assistant in sulfide dyeing, synthetic fiber devulcanization, and as a component for manufacturing organic chemicals. The result is also used in rubber, manufacturing plastics, pharmaceuticals, chemical cleaners, and food additive composition which may stimulate the market growth.
Sodium Sulfide Market Segmentation Analysis:
By application, the leather processing section is expected to show substantial growth in terms of both values as well as a pamphlet for the entire projection period within 2016 and 2024. In terms of market power, leather processing considered for over US$ 140 Mn in 2016, and this should grow more to US$ 190 Mn by the end of the forecast period, recording a value CAGR of 3.70%. The leather processing section is predicted to remain aggressive for the entire duration of the projected period. The leather processing section is expected to gain a massive 82 BPS in the global sodium sulfide market till the end of the year. An incremental dollar opening of nearly US$ 50 Mn can probably be exploited in the leather processing portion of the global sodium sulfide market between 2017 and 2024.
Germany sodium sulfide market from chemical processing treatments may exhibit growth rate above 6% by 2024. The product has many chemical applications such as sulfomethylation & sulfonization in the rubber industry, and production of sulfur dyes for use in the textile trade. Furthermore, it is extensively used to make pharmaceutical chemicals, sodium hydrosulfide and sodium thiosulfate for biochemical and medical applications, which may stimulate market growth.
Some of the ley players Covered in this Sodium Sulfide Market report are:
Nafine Group International Co., Ltd., Solvay, Sankyo Kasei, Longfu Group, Hebei Xinji Chemical Group Co. Ltd., Athiappa Chemical, Shaanxi Fuhua Chemical Co. Ltd.
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