Global Sodium Hydrosulphide Market Size By Product (Sodium Hydrosulphide Liquid, Sodium Hydrosulphide Solid), By Application (Pulp And Paper, Copper Flotation), By Geographic Scope And Forecast

Sodium Hydrosulphide Market Size And Forecast

Sodium Hydrosulphide Market size was valued at USD 238.5 Million in 2023 and is projected to reach USD 347.6 Million by 2030 , growing at a CAGR of 6.8% during the forecasted period 2024 to 2030. Sodium hydrosulphide finds application in mines as a floating agent during the extraction of nickel, cobalt, molybdenum, and copper. The growing mining of these metals is boosting the growth of the Global Sodium Hydrosulphide Market. Further, increasing demand in the textile industry and cost-advantage against hydrogen peroxide for mechanical pulps and recycled fibers stimulate the growth of the Sodium Hydrosulphide Market. The Global Sodium Hydrosulphide Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Sodium Hydrosulphide Market Definition

Sodium Hydrosulphide (NaHS) is an inorganic gas produced by the deprivation of organic constituents. It is extracted from anaerobic sediments. It is a yellow solid with smells similar to H2S and has the chemical formula NaHS. It is obtained from the process of half neutralization of hydrogen sulfide in the presence of sodium hydrogen oxide.

Sodium Hydrosulphide uses a mixture of monomers and oligomers that are polymerized using ultraviolet (UV) light or electron beam (EB). The UV/EB process is often called radiation curing. Sodium Hydrosulfite is employed in a big variety of substrates, including wood, paper, ceramics, metal, glass, and plastics. Sodium hydrosulphide is predominately used across leather, chemical processing, mining, and pulp & paper industry.

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Global Sodium Hydrosulphide Market Overview

The increasing leather goods demand has led to a growth in leather products which is putting a positive impact on the Sodium Hydrosulphide Market size as an essential leather tanning chemical. It acts as a dehairing agent and generates minimal waste, thus reducing harmful effects on the environment. Consumer inclination towards designer leather products supported by the availability of various fashion brands will favor industry growth, thus driving product demand.

Furthermore, Growing application, as a potential disinfectant mainly in agriculture coupled with the extensive application of lubricants under extreme pressure, is likely to propel the Sodium Hydrosulphide Market. Additionally, major key players were engaged in advancing the technology for improving production techniques, which are propelling the growth of the Global Sodium Hydrosulphide Market.

There are certain limitations and obstacles faced that will hinder the overall market growth.

The factors such as different complexities in its manufacturing process like high cost, low output, and explosion danger are the potential restraints hampering the overall growth of the Global Sodium Hydrosulphide Market. Nevertheless, the advancements in technologies, the growing application range in the production of heavy water in the nuclear industry, as an analytical reagent, strong R&D examining and exploring ways to produce sodium hydrosulphide in formulating drugs, and untapped potential in emerging markets offer beneficial growth opportunities.

Global Sodium Hydrosulphide Market: Segmentation Analysis

The Global Sodium Hydrosulphide Market is Segmented on the basis of Product, Application, and Geography.

Sodium Hydrosulphide Market, By Product

• Sodium Hydrosulphide Liquid
• Sodium Hydrosulphide Solid

Based on Product, the market is bifurcated into Sodium Hydrosulphide Liquid and Sodium Hydrosulphide Solid. The Sodium Hydrosulphide liquid segment holds the largest market share during the forecast period. The factors that can be attributed to the use of these products in industries including leather, textile, and pulp & paper due to their property of being highly soluble in water and alcohol are accelerating the demand for this segment.

Sodium Hydrosulphide Market, By

• Application
• Pulp & Paper
• Copper Flotation
• Chemical & Dye Manufacturing
• Leather Tanning
• Others

Based on Application, the market is bifurcated into Pulp & Paper, Copper Flotation, Chemical & Dye Manufacturing, Leather Tanning, and Others. The pulp & paper application holds the largest market share during the forecast period. It acts as a reagent in the Kraft process to maintain the level of sulfur and is used as a catalyst to increase the reaction rate of paper processing, thereby fueling the demand for this segment.

Sodium Hydrosulphide Market, By

• Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Sodium Hydrosulphide Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific holds the largest market share. The presence of major manufacturers of leather products including footwear mainly in India and China, flotation agents in the mining industry, and ongoing projects will boost the market in the APAC region.

Key Players

• The "Global Sodium Hydrosulphide Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• AkzoNobel, Tessenderlo Group, Nagao & Co., Ltd., Chemical Products Corp, Sankyo Kasei Co., Ltd., Chaitanya Chemicals, Shandong Efirm, Gansu Winshine Metallurgy Chemicals, Shanghai Baijin Chemical, Tangshan Fengshi Chemical, Shenzhou Jiaxin Chemical, Jinan Tianyuan Chemical, Inner Mongolia North Chemical, Sure Chemical, Henan Tianshui Chemical, and Henan Yindu Chemical.
• The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations and Agreements
• On June 2021, AkzoNobel and TNW partnership give Paint the Future tech appeal. Connecting with passionate tech innovators is the goal of a new Paint the Future partnership between AkzoNobel and the "heart of tech".
• On March 2021, AkzoNobel and McLaren Racing extend partnership ahead of the new F1 season.
• Mergers and Acquisitions
• On June 2021, AkzoNobel acquire Grupo Orbis and expand its position in South and Central America.
• On March 2021, Akzo Nobel N.V. has completed the acquisition of 100% of the shares of Industrias Titan S.A.U. (Titan Paints), strengthening its paints business and footprint in Spain to become one of the market references in the region.
• Product Launches and Product Expansions
• In January 2021, a major infrastructure project in China which is used powder coatings on the interior of potable water pipes has specified sustainable products supplied by AkzoNobel.