Sodium Dichromate Market Research Report - Forecast to 2030

Sodium Dichromate Market Information: By Application (Metal Finishing, Pigments, Wood Preservative, Leather Tanning and Others), and Region - Forecast Till 2030

ID: MRFR/CnM/4299-HCR | February 2021 | Region: Global | 140 pages

Sodium Dichromate Market Overview

Sodium dichromate is used as a salt to produce all majority compounds and materials based on chromium. It is used for manufacturing potassium dichromate and acetic anhydride. The applications of sodium dichromate have increased in the metal finishing industry because it prevents metal surface corrosion. It is widely used in wood preservatives, manufacturing of pigments, and leather tanning. Sodium dichromate finds application in mud drilling, paints, and coatings, textile dyeing, vitamin K, and wax. It is increasingly used as a mordant in dyeing due to its color-fastening property. It is also used to manufacture colored glasses and ceramic glazes.


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 (%)


 Sodium Dichromate Market
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 2017-2023.


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 Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant value
  CAGR   2022-2030 : Substantial CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  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


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Frequently Asked Questions (FAQ) :

Leading applications of sodium dichromate include pigments, metal finishing, wood preservatives, and leather tanning.

The growing demand for pigments in industrial paints is the major driver for the sodium dichromate market.

The carcinogenic properties of sodium dichromate are the major restraint on the market.

Asia Pacific is likely to be the major regional market for sodium dichromate due to the growing demand for pigments in paints and textiles.

Leading players in the market include Elementis, Soda Sanayii, and Lanxess, among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methaodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Sodium Dichromate Market

5 Industry Overview of Global Sodium Dichromate Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Sodium Dichromate Market by Application

7.1 Introduction

7.2 Metal Finishing

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Pigments

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Wood Preservative

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Leather Tanning

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Sodium Dichromate Market by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Application, 2020-2027

8.2.3 U.S

8.2.3.1 Market Estimates & Forecast, 2020-2027

8.2.3.2 Market Estimates & Forecast by Application, 2020-2027

8.2.4 Canada

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.3 Germany

8.3.3.1 Market Estimates & Forecast, 2020-2027

8.3.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.4. France

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3.5 Italy

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Application, 2020-2027

8.3.6 Spain

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Application, 2020-2027

8.3.7 U.K

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Application, 2020-2027

8.3.8 Russia

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Application, 2020-2027

8.3.9 Poland

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Application, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.3 China

8.4.3.1 Market Estimates & Forecast, 2020-2027

8.4.3.2 Market Estimates & Forecast by Application, 2020-2027

8.4.4 India

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.5 Japan

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Application, 2020-2027

8.4.6 Australia

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Application, 2020-2027

8.4.7 New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Application, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.3 Turkey

8.5.3.1 Market Estimates & Forecast, 2020-2027

8.5.3.2 Market Estimates & Forecast by Application, 2020-2027

8.5.4 Israel

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast by Application, 2020-2027

8.5.5 North Africa

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.6 GCC

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast by Application, 2020-2027

8.5.7 Rest of Middle East & Africa

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Application, 2020-2027

8.6.3 Brazil

8.6.3.1 Market Estimates & Forecast, 2020-2027

8.6.3.2 Market Estimates & Forecast by Application, 2020-2027

8.6.4 Argentina

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast by Application, 2020-2027

8.6.5 Mexico

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast by Application, 2020-2027

8.6.6 Rest of Latin America

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast by Application, 2020-2027

9. Company Landscape

10. Company Profiles

10.1 Elementis plc

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 Soda Sanayii

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Lanxess

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Developments

10.4 Nippon Chemi-Con Corporation

10.4.1 Company Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 Yin He Holdings Limited

10.5.1 Company Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments

10.6 Sichuan Chemical Group Co., Ltd

10.6.1 Company Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 Vishnu Chemicals

10.7.1 Company Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 Haining Peace Chemical Co., Ltd

10.8.1 Company Overview

10.8.2 Product/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 Gansu Qiyuan Chromate-Chemical Production Co., Limited

10.9.1 Company Overview

10.9.2 Product/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

10.10 Tianjin Mingyang Chemical Industry Co., Ltd

10.10.1 Company Overview

10.10.2 Product/Business Segment Overview

10.10.3 Financial Updates

10.10.4 Key Developments

11 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Polygycolic Acid Market: By Region, 2020-2027

Table 3 North America Polygycolic Acid Market: By Country, 2020-2027

Table 4 Europe Polygycolic Acid Market: By Country, 2020-2027

Table 5 Asia-Pacific Polygycolic Acid Market: By Country, 2020-2027

Table 6 Middle East & Africa Polygycolic Acid Market: By Country, 2020-2027

Table 7 Latin America Polygycolic Acid Market: By Country, 2020-2027

Table 8 Global Polygycolic Acid by Application Market: By Regions, 2020-2027

Table 9 North America Polygycolic Acid by Application Market: By Country, 2020-2027

Table 10 Europe Polygycolic Acid by Application Market: By Country, 2020-2027

Table 11 Asia-Pacific Polygycolic Acid by Application Market: By Country, 2020-2027

Table 12 Middle East & Africa Polygycolic Acid by Application Market: By Country, 2020-2027

Table 13 Latin America Polygycolic Acid by Application Market: By Country, 2020-2027

Table 14 Global Application Market: By Region, 2020-2027

Table 15 North America Polygycolic Acid Market, By Country

Table 16 North America Polygycolic Acid Market, By Application

Table 17 Europe: Polygycolic Acid Market, By Country

Table 18 Europe: Polygycolic Acid Market, By Application

Table 19 Asia-Pacific: Polygycolic Acid Market, By Country

Table 20 Asia-Pacific: Polygycolic Acid Market, By Application

Table 21 Middle East & Africa: Polygycolic Acid Market, By Country

Table 22 Middle East & Africa: Polygycolic Acid Market, By Application

Table 23 Latin America: Polygycolic Acid Market, By Country

Table 24 Latin America Polygycolic Acid Market, By Application

LIST OF FIGURES

FIGURE 1 Global Polygycolic Acid Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Polygycolic Acid Market

FIGURE 4 Value Chain of Global Polygycolic Acid Market

FIGURE 5 Share of Global Sodium Dichromate Market in 2020, by country (in %)

FIGURE 6 Global Polygycolic Acid Market, 2020-2027,

FIGURE 7 Sub segments of Application

FIGURE 8 Global Polygycolic Acid Market size by Application, 2020

FIGURE 9 Share of Global Polygycolic Acid Market by Application, 2020 to 2027