Product Code: CMI3545
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)
- 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.
Table of Contents
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)
- 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