Home / All Categories / Chemicals & Materials / Other / Global Low Ferric Sodium Sulfide Market Report 2018-2029
Global Low Ferric Sodium Sulfide Market Report 2018-2029
Global Low Ferric Sodium Sulfide Market Report 2018-2029

Pages: 138       Published Date: Jul 04 2023       Category: Other       Report ID: HJR295963
Low Ferric Sodium Sulfide, also known as sodium sulfide Na2S, is a chemical compound used in various industries. It is gaining traction due to its versatility and wide-ranging applications. This compound is primarily used in sectors such as dyes, medicine, leather and rubber, paper and textile, and other industries.

In terms of market size and growth, a recent report by HJResearch suggests that the global Low Ferric Sodium Sulfide market is projected to reach a value of US$127.3 million by 2022. This indicates a compound annual growth rate (CAGR) of 5.18%, highlighting the upward trend and promising prospects for the industry.

The use of Low Ferric Sodium Sulfide in the dyes industry is driven by its role as a reducing agent and sulfur source. It assists in the production of various types of dyes, such as sulfur dyes, vat dyes, and reactive dyes, contributing to vibrant colors and improved dyeing efficiency.

In the pharmaceutical field, Low Ferric Sodium Sulfide finds application as a reducing agent and a crucial component in the synthesis of certain medications. Additionally, it has been utilized in the leather and rubber industries for the removal of hair, dehairing, and rubber vulcanization processes.

Furthermore, the paper and textile sectors employ Low Ferric Sodium Sulfide in waste paper deinking processes, as it aids in ink removal and enhances the paper recycling process. Textile production also benefits from its use in sulfuration and dyeing procedures.

Looking at the major players in the global market, companies such as Shaanxi Fuhua Trading, Inner Mongolia Lichuan Chemical, Sure Chemical, Qinyang Wise Chemical, Solvay, and Tessenderlo Group have emerged as prominent manufacturers. Other notable participants in the industry include PPG Industries, ISSC (IRSS), ICS Industriechemikalien Schwefelnatrium, Sankyo Kasei, Novochrom, Rahul Barium Chemicals, Nafine Chemical Industry, Shenhong Chemical, Longfu Group, Yabulai Salt Chem, Jiaxin Chemical, HaMi HongShan Chemistry, Guangxin Chemical, Xinji Chemical Group, Shaanxi Fuhua Chemical, Sichuan Meishan Tianhe Chemical, and Xinxing Chem.

These manufacturers play a pivotal role in meeting the growing demand for Low Ferric Sodium Sulfide across various industries. With the market projected to expand in the coming years, these companies are expected to capitalize on the opportunities present in different regions worldwide.

In conclusion, Low Ferric Sodium Sulfide is a versatile compound that finds application in multiple industries, including dyes, medicine, leather and rubber, paper and textile, and more. Its market size is anticipated to reach US$127.3 million by 2022, with an estimated CAGR of 5.18%. Major global manufacturers are actively meeting the demand for Low Ferric Sodium Sulfide, contributing to the growth and development of the industry.

The SWOT analysis of the Low Ferric Sodium Sulfide industry is as follows:

Strengths:
1. High demand: The low ferric sodium sulfide industry is experiencing high demand due to its wide range of applications in various industries such as textiles, leather, and water treatment.

2. Cost-effective: Low ferric sodium sulfide is a cost-effective option compared to other chemical alternatives, making it an attractive choice for industries looking for affordable solutions.

3. Versatility: Low ferric sodium sulfide can be used in various processes such as dehairing in leather production, reducing agent in chemical processes, and wastewater treatment, making it a versatile solution for different industries.

Weaknesses:
1. Environmental concerns: Sodium sulfide, including low ferric sodium sulfide, is a toxic chemical with potential adverse effects on the environment if not handled properly. This could become a weakness if strict environmental regulations are enforced, leading to increased compliance costs.

2. Limited applications: While low ferric sodium sulfide has a range of applications, it may be limited to certain industries. This can limit its growth potential and market reach.

Opportunities:
1. Growing demand for leather products: The increasing demand for leather products in various industries such as fashion and automobile presents an opportunity for the low ferric sodium sulfide industry as it is widely used in leather processing.

2. Emerging markets: Low ferric sodium sulfide has the opportunity to expand its presence in emerging markets where industrialization and infrastructural developments are taking place, creating new demand for chemicals for various applications.

Threats:
1. Competition from substitutes: The low ferric sodium sulfide industry faces competition from substitutes such as other chemicals or alternative technologies that can perform similar functions. This can pose a threat to its market share and growth.

2. Raw material availability and pricing: The industry relies on the availability and price of raw materials such as sulfur and sodium hydroxide. Any fluctuations or disruptions in the supply of these materials can pose a threat to the industry's operations and profitability.

3. Stringent regulations: As mentioned earlier, sodium sulfide is a toxic chemical, and strict regulations regarding its handling, storage, and disposal can impose additional costs and compliance burdens on the industry. This can negatively impact the industry's profitability and viability.

Key players in global Low Ferric Sodium Sulfide market include:
Shaanxi Fuhua Trading
Inner Mongolia Lichuan Chemical
Sure Chemical
Qinyang Wise Chemical
Solvay
Tessenderlo Group
PPG Industries
ISSC (IRSS)
ICS Industriechemikalien Schwefelnatrium
Sankyo Kasei
Novochrom
Rahul Barium Chemicals
Nafine Chemical Industry
Shenhong Chemical
Longfu Group
Yabulai Salt Chem
Jiaxin Chemical
HaMi HongShan Chemistry
Guangxin Chemical
Xinji Chemical Group
Shaanxi Fuhua Chemical
Sichuan Meishan Tianhe Chemical
Xinxing Chem

Market segmentation, by product types:
Sodium Sulfide 60+%
Sodium Sulfide 70+%

Market segmentation, by applications:
Dyes
Medicine
Leather and Rubber
Paper and Textile
Other

Purchase this Market Research Report

Single User License $3,200.00
Multi User License $5,800.00
Enterprise User License $5,800.00
Add to Cart Buy Now
goods_purchanse_ico goods_purchanse_ico goods_purchanse_ico goods_purchanse_ico goods_purchanse_ico