Sodium Hydrosulfide Market has been categorized according to manufacturing process into three segments namely sodium formate, zinc, and others. Sodium formate process is slowly gaining popularity over the zinc process due to its cost-effective nature.
Major application segments in the Sodium Hydrosulfide Market are textiles, mineral flotations, wood pulp bleaching, and others which includes chemical industry, kaolin clay, food additive, water treatment, leather, etc. Textiles were the largest application segment in the sodium hydrosulfide industry in 2016 and will retain its position till the end of the forecast spell. The segment will generate revenue above USD 700 million in 2024, gaining by more than 4% CAGR. It is widely used in textiles manufacturing as a reducing and bleaching agent.
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Sodium Hydrosulfide Market Asia Pacific has been the most significant sodium hydrosulfide industry and its overall industry share will likely exceed 70% by 2024. It is anticipated to generate revenue above USD 1 million in 2024. The Asia Pacific is the largest product manufacturer and has a high demand from major textile and apparel manufacturing economies like China, India, Bangladesh, Pakistan, and Vietnam. Presence of many paper and pulp manufacturers in the region will also augment the sodium hydrosulfide market growth in upcoming years.
The expansive consumer spending has encouraged rapid industrialization around the world, fueling the sodium hydrosulfide industry size, with increased manufacturing activities giving rise to environmental concerns. Sodium hydrogen sulfide, chemically known as NaHS, has been found to be critical in treating industrial waste and is utilized for effective wastewater treatment to remove heavy metal contamination. Important uses in the leather tanning, chemical processing, and mining sectors have been driving the sodium hydrosulfide market growth for many years. However, it is expected that industrial cleaning and waste management would be a considerable revenue source in the near future, owing to the escalating need to prevent river and soil pollution.
A significant development in the global textiles industry will propel the sodium hydrosulfide market in the forecast period owing to its extensive use as a bleaching agent in wool, cotton, and nylon. The product finds application as a dyeing auxiliary in vat dyeing and reduction clearing of disperse dyes. The global textiles market demand was over 90 million tons in 2016 and will likely reach 130 million tons by 2024. Increasing the income level of consumers in emerging economies and increasing sales of apparels and footwears through e-commerce portals will steer the demand for textiles in the coming years. This will augment the sodium hydrosulfide industry growth until 2024.
Individual heavy metals like nickel or chromium can be released from wastewater through precipitation process, an application that has transformed the sodium hydrosulfide industry tremendously. NaHS has gradually earned the position of an affordable alternative for water treatment in metal, glass, printing and ceramic industries. These industries generate large amounts of waste and if it reaches nearby lands or water bodies, it could end up polluting the ecosystem. As companies will look to adopt efficient treatment systems for managing their waste, with environmental agencies imposing stringent rules, the sodium hydrosulfide market is expected to garner immense momentum going forward.
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Product demand as a reducing agent in the synthesis of kaolin and metakaolin has been rising at a fast rate and will provide new opportunities for the sodium hydrosulfide market to grow. It is used for enhancing the brightness of kaolin which is used to manufacture paper, ceramics, paints & coatings, fiberglass, plastics, rubber, and cement. Although the demand for the product in this application is low, high growth in kaolin and metakaolin manufacturing industry will likely boost the sodium hydrosulfide industry in the future.
In essence, meeting regulatory requirements and enhancing the overall community health can be a major driver for the sodium hydrosulfide industry. Asia-Pacific (APAC), in particular, would be needing a greater number of industrial and sewage waste treatment solutions over the next few years, as the region is immensely populated and promises to exhibit an incredible industrialization rate. It is estimated that over 2 billion people would be added to the world population before 2050, with a majority of people living in APAC and creating enormous demand for food, consumables, and automobiles.
Guangdong ZhongCheng Chemicals, BASF SE, Jinhe Group, and AZ Chemicals are the four major companies in the global sodium hydrosulfide market accounting for a significant share of the overall industry in 2016. Other sodium hydrosulfite industry participants are Bruggemann Chemical, Mitsubishi Gas Chemical Company, Chemtrade Logistics, TCP Limited, Montgomery Chemicals, Royce International Corp, Tokyo Chemical Industry, Finetech Industry Limited, Sigma-Aldrich, Triveni Interchem Pvt. Ltd., and Alfa Chemistry.
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