Sodium Hydrosulfite Market is Expected to Reach US$ 1.43 Billion in 2023, Expanding at a CAGR of 3.8% Between 2015 and 2023: Transparency Market Research

ALBANY, New York, September 7, 2015 /PRNewswire/ --

Transparency Market Research has published a new report titled "Sodium Hydrosulfite Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." According to the report, the global sodium hydrosulfite market was valued at US$ 1.02 Bn in 2014 and is likely to reach US$ 1.43 Bn in 2023, expanding at a CAGR of 3.8% between 2015 and 2023.Sodium hydrosulfite, also known as sodium dithionite, is a crystalline white powder with excellent reducing properties. It is widely used as a bleaching agent due to its strong reduction capabilities. Sodium hydrosulfite is used in wood pulp bleaching, textile processing, and mineral ore flotation among others. Sodium hydroxide is industrially manufactured through different processes. Zinc dust process, amalgam process, and format process are the three most commonly used production processes for sodium hydrosulfite.

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In terms of application, the sodium hydrosulfite market can be segmented into wood pulp bleaching, textile, mineral ore flotation, and others (including kaolin bleaching, cosmetics, and food additives). Wood pulp bleaching and textile processing constitute major share of the global sodium hydrosulfite market. Demand for sodium hydrosulfite in the textile industry is anticipated to increase at the fastest pace during the forecast period.

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In terms of demand, Asia Pacific accounted for the largest share of the global sodium hydrosulfite market in 2014, primarily due to high consumption in China. Apart from China, textile manufacturing nations such as India, Bangladesh, Pakistan, and Vietnam held considerable share of the market in 2014. Asia Pacific was followed by Europe and North America, which held the second- and third-largest shares, respectively, in 2014. The market in Asia Pacific is likely to witness significant growth during the forecast period due to high demand for paper products. This, in turn, is estimated to fuel demand for sodium hydrosulfite in the region. Demand for sodium hydrosulfite in Latin America and the Middle East & Africa (MEA) is anticipated to increase during the forecast period. The sodium hydrosulfite market is consolidated in nature with four players accounting for over 50% share of the market in 2014. Among them, Guangdong ZhongCheng Chemicals Inc., Ltd., AZ Chemicals, Inc, Jinhe Group, and BASF SE constituted major shares of the global sodium hydrosulfite market in 2014.

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The report provides an in-depth analysis of the sodium hydrosulfite market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East & Africa (MEA). Each region is further sub-segmented into key countries and sub-regions. The report segments the global sodium hydrosulfite market as follows:

Sodium Hydrosulfite Market - Application Analysis 

• Wood Pulp Bleaching
• Textile
• Mineral Ore Flotation
• Others (Including Kaolin Bleaching, Cosmetics, etc.)

Sodium Hydrosulfite Market - Regional Analysis 

North America 

• U.S.
• Rest of North America

Europe 

• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific  

• China
• Japan
• ASEAN
• Rest of Asia Pacific

Latin America 

• Brazil
• Rest of Latin America

Middle East & Africa 

• GCC
• South Africa
• Rest of Middle East & Africa

Browse Regional Analysis: http://www.europlat.org/global-sodium-hydrosulfite-market-is-expected-to-reach-us-1-43-bn-in-2023-transparency-market-research.htm

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