Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Industrial Explosives Market Revenue is Expected to Reach US$ 2,000 Mn by 2024

Author: Vakhas Sayyad
by Vakhas Sayyad
Posted: Nov 20, 2017

In its report titled, "Sodium Sulfide Market: Global Industry Analysis and Forecast, 2016 - 2024", Persistence Market Research (PMR) estimates that the global consumption of sodium sulfide is projected to grow at a sluggish CAGR of 2.9% to reach 1,157 KT by 2024. Asia Pacific (APAC) will remain the largest market; however, demand will remain stifled on account of growing concerns about environmental damage. While leather processing will account for the bulk of demand, regular grade sodium sulfide will completely outsell high-purity variant.

Application Sodium Sulfide for Ferrous & Non-Ferrous Metal Production to Propel its Market Growth : Sodium sulfide is widely utilized in dehairing process for leather production owing to its relatively higher effectiveness, efficiency and efficaciousness than other alternatives. The market is expected to grow on account of sodium sulfide applications in ore processing. Sodium sulfide manufacturers are likely to witness steady demand from ferrous and non-ferrous production companies, especially those in the ore floatation process.

Request to view table of content @ https://www.persistencemarketresearch.com/toc/4357

However, in spite of steady demand from end-use industries, market growth will remain sluggish over the forecast period owing to the hazardous effects of sodium sulfide. The broader industry-wide scrutiny by regulatory authorities will negatively impact demand for sodium sulfide, with cleaner, less harmful chemicals gaining traction.

Key Findings in the Report Include : Regular grade sodium sulfide will continue to remain sought-after among manufacturers. This product type segment accounted for 95% revenue share of the market in 2016. The status-quo is projected to remain unchanged during the forecast period.Leather processing remains the largest end-user of sodium sulfide. This segment will grow at a higher CAGR than the overall market, reaching () Mn by 2024. Demand will also remain steady in the pulp and paper industry.

Request Sample Report@ https://www.persistencemarketresearch.com/samples/4357

In addition to Asia Pacific, Latin America and Europe will remain the other leading markets for sodium sulfide. Manufacturers in these markets will continue to use sodium sulfide for leather production. Latin America and Middle East & Africa (MEA) are expected to reflect 3.1% and 2.4% CAGRs respectively in term of volume during the forecast period.

Key players partaking in the global sodium sulfide market include Solvay SA, Inner Mongolia Lichuan Chemical Co. Ltd., Changsha Vahenry Chemical Co. Ltd., Tessenderlo Group, Xintai Wanhe Chemical Co. Ltd., and China Nafine Group International Co. Ltd. These players are focusing on development of application specific tailored solutions and product innovations.

Buy Consumption of Sodium Sulfide Market Report@ https://www.persistencemarketresearch.com/checkout/4357

About the Author

Persistence Market Research (Pmr) is a third-platform research firm. Ourresearch model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance

Rate this Article
Leave a Comment
Author Thumbnail
Please or Join to add a comment.
Author: Vakhas Sayyad

Vakhas Sayyad

United States

Member since: Aug 02, 2017
Published articles: 235

Related Articles