PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1501284
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1501284
Sodium Sulfide Market is in the leather and tanning industry, where it serves primarily as a dehairing agent during pre-tanning. Dehairing is the initial step in leather manufacturing, involving the removal of animal hides' hair using specific chemicals. Sodium sulfide, in combination with lime, is widely employed for this purpose across various regions involved in leather production. This method is favored for its efficiency, efficacy, and effectiveness compared to other available alternatives.
The global leather production is expected to grow steadily during the forecast period. Developing countries in the Asia-Pacific (APAC) region, such as China, India, and Vietnam, along with African nations like Kenya, Morocco, and Ethiopia, are anticipated to record strong growth in leather production. This trend is poised to positively impact the sodium sulfide market, driving its growth.
Leather Processing Segment to Continue Dominating the Sodium Sulfide Market
By application, the leather processing segment is projected to exhibit substantial growth in both value and volume throughout the forecast period. The segment is expected to see a significant increase in volume, with leather processing predicted to remain the dominant segment for the entire duration of the forecast period.
The leather processing segment is also anticipated to gain a significant market share in the global sodium sulfide market. An incremental dollar opportunity is expected to be realized in the leather processing segment, highlighting its importance in the overall market dynamics.
Ore Processing: Another Major Segment in the Global Sodium Sulfide Market
Sodium sulfide finds extensive application in ore processing, particularly in the production of ferrous (iron and steel) and non-ferrous (magnesium, copper, zinc, lead) metals during ore flotation. It is especially critical in the flotation of copper minerals.
The demand for copper is expected to be fueled by the manufacturing and construction industries in North America and the Asia-Pacific region over the next decade. Countries such as Peru, Chile, China, and the United States are anticipated to see increased copper production during this period, driving the demand for chemicals and reagents associated with ore processing. Consequently, sodium sulfide in ore processing is projected to witness stable growth.
Consumption of sodium sulfide in ore processing has been on a steady rise, with a positive outlook for the forecast period. Ore processing is another significant application segment in the global sodium sulfide market, with rising consumption driven by its excellent characteristics. Key regions with significant demand for sodium sulfide in the ore processing segment include Eastern Europe and Latin America.
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