Sodium Sulfide Market, By Product, By Grade, By End-use Industry, By Geography

Description

The sodium sulfide market is estimated to be valued at USD 625.5 Mn in 2024 and is expected to reach USD 822.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	625.5 Mn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.00%	2031 Value Projection:	822.4 Mn

Figure. Sodium Sulfide Market Share (%), By Region, 2024

Sodium sulfide is an inorganic compound composed of sodium, sulfur, and sometimes water. It is a white odorless solid that is hygroscopic and highly soluble in water. Sodium sulfide is commonly used in the production of carbon black, pulp and paper industry, water treatment, and as a dehairing and depilating agent. It acts as a reducing agent and has applications in analytical chemistry, dye industry, glass industry, and metal industry. The global sodium sulfide market is driven by growth in end-use industries such as chemical processing, water treatment, mining, and petroleum. However, stringent environmental regulations regarding its hazardous nature poses a challenge for market growth.

Market Dynamics:

The global sodium sulfide market is driven by factors such as growing demand from paper and pulp industries. Sodium sulfide is widely used as a reducing agent and dehairing agent in the pulp and paper making process. Rising paper production across the world is fueling the demand for sodium sulfide. Furthermore, increasing use of sodium sulfide in wastewater treatment plants for the removal of heavy metals, such as mercury, cadmium, and lead from industrial effluents, is propelling the market growth. However, the toxic nature of sodium sulfide poses difficulties in storage and handling. Stringent environmental regulations around the world have restricted the usage of sodium sulfide in some industrial applications. This has emerged as a major challenge for market players. Moreover, availability of affordable substitutes such as sodium bisulfate further hinders the sodium sulfide market growth. Nonetheless, research towards developing safer alternatives with higher efficiency presents new opportunities in the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global sodium sulfide market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players such as 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, and Nafine Group International Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global sodium sulfide market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sodium sulfide market

Market Segmentation

Product Insights (Revenue, USD Mn, 2019 - 2031)
- Low Ferric
- Anhydrous
- Crystal
- Others
Grade Insights (Revenue, USD Mn, 2019 - 2031)
- Purified
- Technical
End-use Industry Insights (Revenue, USD Mn, 2019 - 2031)
- Pulp and Paper Industry
- Water Treatment Industry
- Chemical Industry
- Textile Industry
- Leather Industry
- Others
Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- 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.

Product Code: CMI3545

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product
- Market Snippet, By Grade
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Sodium Sulfide Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Sodium Sulfide Market - COVID-19
Impact Analysis

5. Global Sodium Sulfide Market, By Product, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Low Ferric
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Anhydrous
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Crystal
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Sodium Sulfide Market, By Grade, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Purified
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Technical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Sodium Sulfide Market, By End-use Industry, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Pulp and Paper Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Water Treatment Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Chemical Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Textile Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Leather Industry
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

8. Global Sodium Sulfide Market, By Region, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Grade, 2019- 2031, (USD Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- PJ Chemicals
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Athiappa Chemicals
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Shaanxi Fuhua Chemical Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sichuan Shenhong Chemical Industry Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Iran Sodium Sulphide Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sankyo Kasei
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Hebei Xinji Chemical Group Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Solvay
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Longfu Group
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Nafine Group International Co., Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact