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Significant Profits Estimated To Be Generated By Sodium Sulfide Market By 2031

Sodium Sulfide Market Forecast and CAGR

The sodium sulfide consists of sodium salts that are moderately soluble in acid and water. These sulfides are sulfuric acid esters, which are generated when hydrogen atoms are replaced by sodium. The expansion of the chemical sector in emerging economies is expected to boost market growth in the forecast period. The global sodium sulfide consumption is expected to expand at a modest CAGR of 2.9 %.

The growing awareness about water scarcity has boosted the demand for the water purification process. Along with this, the state government has been urged to reuse water as a result of increased industrialization and urbanization. As sodium sulfide has a wide range of applications for the treatment of water, this, in turn, has fueled the business expansion.

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In terms of volume, Latin America and Middle East Africa are predicted to grow at a CAGR of 3.1 % and 2.4 % respectively through the forecast period 2021-2031.

What is Driving Demand for Sodium Sulfide Market?

The water treatment chemicals have a wide range of industrial and power applications which is one of the primary reason driving the sodium sulfide sales. Moreover, In the Asia Pacific region, the rising population and urbanization have resulted in increased wastewater production which needs to be treated and hence there is a greater need for sodium sulfide for water treatment.

Another factor which is driving the demand for the sale of the product is a wide range of application of the product in paper and pulp industry as it is used in the heating of pulp. Along with this, the increase in the usage of the product as a food additive is anticipated to offer a significant opportunity. Not only this, the demand for product is projected to rise due to the increased demand for the product in the textile industry.

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Sodium Sulfide will be benefited from increase in leather production

Sodium sulfide has a wide range of applications in the leather and tanning industry. It is mostly utilized as a de-hairing agent in the pre-tanning process. De-hairing is the first phase in the process of leather production, and it involves specific chemicals which are used to remove the animal skin.

De-hairing using sodium sulfide and lime is commonly used throughout many geographical regions involved in leather production because it is more efficient and more productive than other options available. During the assessment period, developing countries in the Asia Pacific region had a significant demand in the leather production. In terms of positive growth, this should boost the sale of the product.

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Key Segmentation

Based on Applications, the market is segmented into:

  • Leather Processing
  • Paper and Pulp
  • Chemical Processing
  • Water Treatment
  • Ore Processing
  • Food Preservative
  • Others

Based on Product Type, the market is segmented into:

  • Regular Grade
  • High Purity Grade

Based on Region, the market is segmented as

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Argentina & Rest of Latin America
  • Europe
    • Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
  • East Asia
    • China, Japan, South Korea
  • South Asia
    • India, Thailand, Malaysia, Indonesia and Rest of South Asia
  • Oceania
    • Australia and New Zealand
  • Middle East and Africa
    • GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa

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