Sodium Sulfide Market Summary
As per MRFR Analysis, the global sodium sulfide market was valued at USD 585.164 Million in 2023 and is projected to grow to USD 794.27 Million by 2032, with a CAGR of 3.40% from 2024 to 2032. The market is driven by increasing demand for water treatment chemicals, stringent environmental regulations, and rising applications in various industries such as pulp and paper, tanning, and chemical processing. The Asia Pacific region is particularly significant due to rapid urbanization and wastewater generation. Key players in the market include PJ Chemicals, Solvay, and PPG Industries, among others.
Key Market Trends & Highlights
The sodium sulfide market is witnessing significant growth driven by various industrial applications and regulatory factors.
- Market Size in 2023: USD 585.164 Million
- Projected Market Size by 2032: USD 794.27 Million
- CAGR from 2024 to 2032: 3.40%
- Key applications include water treatment, pulp & paper, and tanning industries.
Market Size & Forecast
2023 Market Size: USD 585.164 Million
2024 Market Size: USD 605.76 Million
2032 Market Size: USD 794.27 Million
CAGR (2024-2032): 3.40%
Major Players
Key players include 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.
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
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June 2023:Â 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.
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July 2023:Â 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.
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August 2023:Â 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.
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August 2023:Â 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
- Nationalized laboratories
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 585.164 Million |
Market Size 2024 |
USD 605.76 Million |
Market Size 2032 |
USD 794.27 Million |
Compound Annual Growth Rate (CAGR) |
3.40% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018 & 2020 |
Market Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
product, grade, application, and region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
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 Dynamics |
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 |
Sodium Sulfide Market Highlights:
Frequently Asked Questions (FAQ) :
Pulp & paper, water treatment, chemical processing, textile, ore processing, and tanning, are some of the major applications of sodium sulfide.
The water treatment segment holds the largest share in the global sodium sulfide market.
Augmenting demand from various end-use industries such as chemical, power, pulp & paper, and oil & gas, Growing use of sodium sulfide as a water treatment chemical.
Asia Pacific holds the largest share in the global sodium sulfide market, followed by North America and Europe, respectively.
Athiappa Chemicals, PJ Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Iran Sodium Sulphide Company, Sichuan Shenhong Chemical Industry Co., Ltd., Sankyo Kasei, Solvay, Hebei Xinji Chemical Group Co., Ltd., Longfu Group, and Nafine Group International Co., Ltd., are some of the major players operating in the sodium sulfide market.
Sodium Sulfide Market
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).
Asia Pacific
Dominating Region
2020-2027
Forecast Period
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