Sodium Hydrosulfite Market Overview
The Global Sodium Hydrosulfite Market
is projected to be valued at over USD 1.5 billion by the end of 2024 at a CAGR
of over 4% during the assessment period. The prominent factor driving the
market growth is the widening scope of application of the product in the pulp
& paper and textile industries. The use of sodium hydrosulfite in pulp
bleaching enhances the brightness of pulp with efficient energy input and
economical use of hydrosulfite. In addition, sodium hydrosulfite finds a wide
range of applications in the textile industry for bleaching of both natural and
synthetic fibers. The significant growth of the textile industry in
Asia-Pacific is likely to boost the demand for sodium hydrosulfite in the
coming years.
Competitive Analysis
The leading players in the global sodium hydrosulfite market
are HELM AG (Germany), BASF SE (Germany), Chemtrade Logistics Inc (Canada),
HANSOL CHEMICAL (South Korea), Maoming Guangdi Chemical Co., Ltd (China), L.
Brüggemann GmbH & Co. KG (Germany), Shandong Jinhe Industrial Group Co., Ltd
(China), Transpek-Silox Pvt Ltd (India), Royce Global (US), and AZ Chemicals,
Inc (Canada).
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Market Segmentation
The global sodium hydrosulfite market
has been categorized on the basis of form, production process, and end-use
industry.
By form, the global market has been
divided into powder and liquid. The powder form segment accounted for the
largest market share in 2018 and is estimated to be the fastest growing segment
during the forecast period. The powdered form is mainly used in the pulp &
paper and textile industry for bleaching purposes. Moreover, it finds
application in the personal care & cosmetics industry for the formulation
of various personal care products. The healthy growth of the industry globally
is expected to propel the growth of the segment in the years to follow.
On the basis of production process,
the global sodium hydrosulfite market has been classified into zinc dust
process, sodium formate process, and others. The zinc dust process segment held
the largest share of the market in 2018 and is expected to be the leading
segment during the review period. However, the use of sodium formate process in
the production of sodium hydrosulfite is expected to increase in the coming
years as the end product produced by the process does not contain traces of
zinc, iron, or mercury. This makes the product safe for use due to the reduced
content of toxic elements.
Based on end-use industry, the global
sodium hydrosulfite market has been categorized into pulp & paper, textile,
food & beverage, personal care & cosmetics, leather, water treatment,
and others. The key factors driving the growth of the pulp & paper segment
is the growing adoption of the product in the pulp & paper industry, as a
bleaching agent. The surging demand for the product to increase the whiteness
of paper of the recycled fiber, which is used as a raw material for producing
high-quality papers, is expected to favor the market growth.
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Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
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