Publishing: May 2021 | Report Code: CM10397 | Available Format: PDF
Some of the drivers behind the growing demand of global sodium hydrosulfite include increasing demand from textile industry, and rapid upsurge in demand for paper products in Asia-Pacific. Some of the major factors driving the growth of the textile market are increasing consumer confidence, increasing level of disposable income, and increasing shopper’s eagerness to keep up with the latest fashion trends. With the low effect of economic recession and increasing disposable income, the consumer is able to spend more on apparels. Thus, the increase in confidence level of consumer allows them to spend money easily on apparels, which is indirectly expected to drive the growth of the global sodium hydrosulfite market. The major challenge hampering the growth of the global sodium hydrosulfite market is the declining production capacity of paper and paper board industry in North America and Europe. The application in beautifying agents, especially hair care items, and kaolin bleaching is expected to acts as opportunity for the growth of the global sodium hydrosulfite market during the forecast period.
Sodium hydrosulfite is colorless or yellow colored crystal that is denoted by a formula NaHS. Sodium hydrosulfite is usually known as sodium dithionite. It is steady under typical conditions and breaks down after coming in contact with acidic element/compound or hot water. Sodium hydrosulfite is made by distinctive procedures, such as, zinc dust process, amalgam procedure, and formate process. These three procedures are basically used to produce sodium hydrosulfite. In addition, zinc dust and amalgam procedures accounted for around 80% of the worldwide production in 2014. Sodium hydrosulfite offers diminishing properties in acidic medium and warmed climate. Sodium hydrosulfite is mostly used for bleaching purposes in textile processing, mineral ore flotation, paper and pulp industry, and food additives. However, it is commonly used in textile and wood pulp bleaching application.
The global sodium hydrosulfite market can be segmented on the basis of applications. On the basis of applications, the sodium hydrosulfite market can be segmented into textile, mineral ore flotation, wood pulp bleaching, and others. The ‘others’ section of sodium hydrosulfite applications include industries, such as kaolin bleaching, cosmetics, among others. The major applications areas of sodium hydrosulfite are textile and wood pulp bleaching. The textile industry accounted for the largest market share in the application segment of the global sodium hydrosulfite market in 2014. The increasing demand for textile products such as clothing has increased around the globe, which is driving the growth of the global sodium hydrosulfite market. Wood pulp bleaching is the second largest application segment in the global sodium hydrosulfite market, after the textile segment.
Geographically, Asia-Pacific is the largest market for sodium hydrosulfite, followed by North America and Europe. During the forecast period, the Asia-Pacific sodium hydrosulfite market is expected to grow at the fastest rate, which is driven by major textile producing countries, such as China. Other major textile producing countries such as India, Japan, and Bangladesh account for notable share. The market share of North America and Europe is expected to decline in the near future, owing to the slow growth of paper industry in these regions. The major factor behind the decline of paper industry in North America and Europe is the rapid global digitalization.
Some of the major competitors in the global sodium hydrosulfite market include BASF SE, Montgomery Chemicals, Chemtrade Logistics Inc., Guangdong ZhongCheng Chemicals Inc. Ltd, Bruggemann Chemical, Jinhe Group, AZ Chemicals Inc., TCP Limited, Mitsubisi Gas Chemical Company Inc., and Royce International Corp.
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