Sodium Sulfide Market Research Report Information by Product (Low Ferric, Anhydrous, Crystal), Grade (Purified, Technical), Application (Pulp & paper, Chemical processing, Water treatment, Textile, Tanning, Ore processing, Others), Region — Forecast till 2030

Global Sodium Sulfide Market Overview

Sodium Sulfide Market is projected to be worth USD 672 Million by 2027, registering a CAGR of 3.4% during the forecast period (2020 - 2027). The sodium sulfide market 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 metal atoms (sodium). During the forecast period, the worldwide sodium sulfide market is expected to rise at a high CAGR. The rising demand for water treatment chemicals in power and industrial applications is one of the primary reasons driving the sodium sulfide market. Moreover, several environmental rules and laws governing the disposal of generated water and wastewater are fueling the market's growth. In the Asia Pacific region, rising population and rapid urbanization have resulted in increased wastewater creation and a greater need for sodium sulfide for water treatment. Another factor driving the sodium sulfide market is the increasing usage of sodium sulfide in the pulp and paper industry for heating pulp during the Kraft process. Furthermore, the tanning sector is predicted to benefit from the usage of sodium sulfide for removing hair from hides during leather production. The increasing use of sodium sulfide as a water treatment chemical in sectors like chemical, electricity, pulp & paper, municipal, oil & gas, food & beverages, agricultural, and mining is projected to enhance the market in the area.

Market Segmentation

The global sodium sulfide market has been segmented on the basis of product, grade, application, and region.

Based on product, the global sodium sulfide market has been segregated into low ferric, anhydrous and crystal.

By grade, the market has been categorized into purified and technical grade.

On the basis of application, the market has been divided into pulp & paper, chemical processing, water treatment, textile, tanning, ore processing and others.

The global sodium sulfide market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key Players

Some of the key players in the global sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd., and othersRecent Development

• 
  June 2023: Solvay announced that it had signed a definitive agreement to acquire ICS Industires, a leading producer of sodium sulfide and other specialty chemicals. The acquisition is expected to close in the third quarter of 2023.


• 
  July 2023: PPG Industries announced that it had expanded its production capacity for sodium sulfide at its plant in China. The expansion is expected to be completed in the first quarter of 2024.


• 
  August 2023: ISSC (IRSS) announced that it had signed a new contract to supply sodium sulfide to a major customer in the pulp and paper industry. The contract is for a period of three years.


• 
  August 2023: The Chinese government announced that it would be investing in the development of new sodium sulfide production capacity. The investment is expected to help meet the growing demand for sodium sulfide in China.

Intended Audience:

• Sodium sulfide manufacturers


• Traders and distributors of sodium sulfide


• Research and development institutes


• Potential investors


• Raw material suppliers


• Nationalized laboratories

Report Attribute/Metric	Details
Market Size	2027: USD 672 Million
CAGR	2027: 3.4% 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	product, grade, application, and region
Geographies Covered	Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa
Key Vendors	PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd.
Key Market Opportunities	use of sodium sulfide for removal of hair from hides during leather processing
Key Market Drivers	increasing demand of water treatment chemicals in power and industrial applications rising use of sodium sulfide in pulp and paper industry during Kraft process for cooking of pulp