Sodium Hydrosulfite Market is set to grow at a healthy CAGR up to 2024, APAC to show steady growth

Sodium Hydrosulfite Market growth will be fueled by increasing pulp & paper demand in emerging economies for application in paper production process.

Sellbyville, United States - October 1, 2019 /MarketersMedia/ —

Asia pacific held most of the sodium hydrosulfite market share in 2016, which is likely to exceed 65% of the total industry by 2024. Extensive production in Asia Pacific region due to increasing product demand from end user industries such as paper, textile etc. will be a key growth enabler for the industry. Substantial number of pulp and paper manufacturers in this region will further propel the sodium hydrosulfite market development in the forecast span.

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Growth in textiles industry is likely to boost the sodium hydrosulfite market development in coming years due to its application as a bleach for several clothing fabrics such as cotton, nylon and wool. In 2016, the overall textiles market was above 85 million tons and is likely to reach over 125 million tons till 2024. The product is used as a dyeing agent in disperse dyes and vat dyeing. Shift in demographics and income trend in developing economies and significant growth in sales of clothing and other related items via e- commerce medium will spur the textiles demand in the forecast period. This in turn, will propel the sodium hydrosulfite market development till the end of forecast timeframe.

The product is used as reducing agents in metakaolin and kaolin synthesis and its demand for this application is likely to rise at a rapid pace providing new prospects for the product market growth. Sodium hydrosulfite is basically used for improving the kaolin brightness, which is further used to produce paints, coatings, rubber, paper, cement, ceramics, and fiberglass. Significant growth in metakaolin and kaolin industry will propel the sodium hydrosulfite market demand in coming years.

Sodium Hydrosulfite Market Growth in textiles segment is likely to expand exponentially in the coming years due to its application as a bleach for several clothing fabrics such as cotton, nylon and wool. In 2016, the overall textiles market was above 85 million tons and is likely to reach over 125 million tons till 2024. The product is used as a dyeing agent in disperse dyes and vat dyeing. Shift in demographics and income trend in developing economies and significant growth in sales of clothing and other related items via e- commerce medium will spur the textiles demand in the forecast period. This in turn, will propel the sodium hydrosulfite market development till the end of forecast timeframe.

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Sodium hydrosulfite market is bifurcated into production process and application. The production process is segmented as zinc process, sodium formate and other processes. In 2016, textile was the major application sector in the industry and this trend is likely to continue till 2024. Textile segment market revenue will exceed USD 650 million by 2024, growing at a moderate rate. The product has been majorly used as a bleaching and reducing agent in textiles manufacturing.

The major players in the sodium hydrosulfite market include Chemtrade Logistics, Guangdong ZhongCheng Chemicals, BASF, Jinhe Group, AZ Chemicals., Mitsubishi Gas Chemical Company, Bruggemann Chemical, TCP Limited, Royce, Montgomery Chemicals, Alfa Chemistry, Tokyo Chemical Industry and others.

Glimpse of Table of Content (ToC)

Chapter 3. Sodium Hydrosulfite Industry Insights

3.1. Industry segmentation

3.2. Sodium hydrosulfite market size and forecast, 2013 - 2024

3.3. Sodium hydrosulfite market ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distributor channel analysis

3.4. Industry impact forces

3.4.1. Growth drivers

3.4.1.1. Rising demand for paper products in Asia Pacific

3.4.1.2. High growth in the global textiles industry

3.4.2. Industry pitfalls & challenges

3.4.2.1. Declining capacity of paper & paper board production in North America & Europe

3.4.2.2. High flammability and instability of sodium hydrosulfite

3.5. Growth potential analysis

3.6. Technology trends

3.7. Regulatory trends

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8. Porter’s analysis

3.9. Company market share analysis, 2016

3.9.1. Strategic landscape

3.10. PESTEL analysis

3.11. Regional price trends

3.11.1. Cost structure analysis

3.11.2. Raw material trends

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