Sodium Dichromate Market Research Report Information: By Application (Metal Finishing, Pigments, Wood Preservative, Leather Tanning and Others), and Region - Forecast Till 2032

Sodium Dichromate Market Summary

As per MRFR Analysis, the global Sodium Dichromate market is witnessing significant growth driven by its applications in various industries such as metal finishing, pigments, wood preservatives, and leather tanning. The increasing demand for pigments in the textile and infrastructure sectors, particularly in developing economies like India, is expected to propel market growth. The Indian textile industry is projected to reach USD 230 billion by 2020, contributing to the rising consumption of sodium dichromate. Additionally, the construction sector's growth and the rising population in Asia Pacific are further boosting demand. However, health concerns related to sodium dichromate, classified as a human carcinogen, may pose challenges to market expansion. The market is segmented by application and region, with key players including Elementis plc, Soda Sanayii, and Lanxess among others.

Key Market Trends & Highlights

The Sodium Dichromate market is characterized by several key trends and highlights.

• The Indian textile industry is expected to reach USD 230 billion by 2020, driving demand for sodium dichromate.
• Rising demand for wood preservatives is projected to propel market growth due to its applications in utility fencing and decking.
• National emission standards imposed by the U.S. EPA may restrict sodium dichromate production, impacting market dynamics.
• The growth of the construction sector in Asia Pacific is expected to significantly boost sodium dichromate consumption.

Market Size & Forecast

Market Size: USD 1.5 Billion

Forecast Period: 2024-2032

Expected CAGR: 5.2%

Largest Regional Market Share in 2024: Asia Pacific

Major Players

Key players in the Sodium Dichromate Market include Elementis plc (U.K), Soda Sanayii (Turkey), Lanxess (Germany), Nippon Chemi-Con Corporation (Japan), and Vishnu Chemicals (India).

Surging demand for pigments from the textile and infrastructure industries in the developing economies is expected to drive the Sodium Dichromate Market Growth. For instance, according to the Indian Brand Equity Foundation, the Indian textile industry is expected to reach USD 230 billion by 2020. Increasing use of sodium dichromate in construction sector coupled with growing population in India is likely to propel the market growth in Asia Pacific region. Its application in flexible packaging has grown over the last few years as it extends the shelf life of the packaged products. Rising per capita income and changing fashion trends have increased the demand for the product in the leather industry. Leather manufacturers across the globe have realized the value of tanning, i.e., increased shelf life of the product. Such factors have shifted the preference of manufacturers towards sodium dichromate. Sodium dichromate consumption is increasing in various industries such as aerospace, automotive, electrical, and defense to make the surface of the metal corrosion resistant. Its usage in wood preservatives is increasing due to its ability to extend life of the wood. Increasing demand for wood preservatives owing to its use in various applications such as utility fencing, decking, and infrastructure is projected to propel the Sodium Dichromate Market Growth. Moreover, demand for the product is rising across the globe from industries using chromium compound for making chemicals.

However, it is irritating to skin and eyes and is also classified as a human carcinogen, which may develop lung cancer. This factor is slated to restrict market growth and challenge industry participants

Sodium Dichromate Market Share, by Application (%)

 Regional Analysis

The Sodium Dichromate Market is divided into five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regional market is anticipated to witness significant growth over the forecast period due to growing preference for eco-friendly products such as pigments from developing economies such as India and China. Rapid industrialization and rising infrastructure coupled with strong economic performance are expected to boost the demand for wood preservatives in the region.

The growth of the textile sector and escalating demand for color paper are driving the North American market. Surging demand for wood preservatives in residential and commercial use is expected to drive the Sodium Dichromate Market. National emission standards for hazardous air pollutants have been imposed on sodium dichromate production by the U.S. Environmental Protection Agency (EPA) owing to its impact on health.

Rising demand for food packaging due to a significant increase in working class and busy lifestyle of consumers in developing economies is likely to fuel the product demand.  Introduction of novel printing technology named as RGB through which images can be directly printed on the black substrate is likely to drive the pigment market in Europe. Furthermore, EU has approved the use of sodium dichromate at REACH Committee, in conversion coating and passivation of circular and rectangular connectors. Other regions are also expected to show a moderate growth over the forecast period 2024-2032.

Sodium Dichromate Market Segmentation

The Sodium Dichromate Market is segmented based on Application and Region.

On the basis of the Application, the Sodium Dichromate Market is divided into metal finishing, pigments, wood preservatives, leather tanning, and others.

Key Players

Key players in the Sodium Dichromate Market are Elementis plc (U.K), Soda Sanayii (Turkey), Lanxess (Germany), Nippon Chemi-Con Corporation (Japan), Yin He Holdings Limited (Hong Kong), Sichuan Chemical Group Co., Ltd (China), Vishnu Chemicals (India), Haining Peace Chemical Co., Ltd (China), Gansu Qiyuan Chromate-Chemical Production Co., Limited (China), Tianjin Mingyang Chemical Industry Co. ,Ltd (China).

Intended Audience

• Sodium dichromate Manufacturers






• Traders and distributors of sodium dichromate






• Research and development institutes






• Potential investors






• Raw material suppliers






• Nationalized laboratory

Report Attribute/Metric	Details
Market Size	2032: Significant value
CAGR	2024-2032: Substantial CAGR
Base Year	2023
Forecast Period	2024 to 2032
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Application and Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Elementis plc (U.K), Soda Sanayii (Turkey), Lanxess (Germany), Nippon Chemi-Con Corporation (Japan), Yin He Holdings Limited (Hong Kong), Sichuan Chemical Group Co., Ltd (China), Vishnu Chemicals (India), Haining Peace Chemical Co., Ltd (China), Gansu Qiyuan Chromate-Chemical Production Co., Limited (China), Tianjin Mingyang Chemical Industry Co. ,Ltd (China).
Key Market Opportunities	Increasing demand for wood preservatives owing to its use in various applications
Key Market Drivers	Surging demand for pigments from the textile and infrastructure industries in the developing economies is expected to drive the Sodium Dichromate Market