Sodium Sulfide Market: 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
ID: MRFR/CnM/5614-HCR | January 2023 | Region: Global | 140 Pages
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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).
$672 Million
3.4%
Asia Pacific
2020-2027
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
At BASF's Verbund location in Antwerp, Belgium, the energy storage system consisting of four NAS battery containers connected to the electrical grid was commissioned in October 2021 by BASF New Business (BNB), a part of the German chemicals corporation BASF. BASF SE and NGK announced a strategic agreement in January 2020 to develop next-generation NAS batteries. BASF was already a distributor of NGK NAS batteries, but the two companies have now formed a joint development agreement (JDA) to develop the next generation of NAS batteries. To develop the product, the two companies will combine their technological skills, chemistry expertise, battery design and manufacturing expertise.
Intended Audience:
- Sodium sulfide manufacturers
- Traders and distributors of sodium sulfide
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant Value |
| CAGR | Substantial CAGR (2022-2030) |
| 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 |
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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.
