Sodium Hydrosulfite Market is Increasing Demand and is Likely to Propel Growth Over 2024 :

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Sodium Hydrosulfite Market.

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).  

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/sodium-hydrosulfite-market-8041

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.