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Global Sodium Sulfide Market to hit $665mn by 2024: Global Market Insights Inc.

The global sodium sulfide market is projected to reach $665 million by 2024, driven by the increasing usage of wastewater in the Middle East and the growing demand for designer leather goods in India, China, Mexico, UAE, and South Korea. Sodium sulfide is vital in the dehairing process in tanneries and finds extensive use in various industries such as rubber, pharmaceuticals, and chemicals.

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Global Sodium Sulfide Market to hit $665mn by 2024: Global Market Insights Inc.

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  1. Global Sodium Sulfide Market to hit $665mn by 2024: Global Market Insights Inc.

  2. Industry Overview • Sodium Sulfide Market to surpass USD 665 million by 2024; driven by Rising usage of wastewater in Middle East. Increasing disposable income in India, China, Mexico, UAE and South Korea has led to a rise in preference for designer leather goods such as footwear, accessories and bags. Sodium sulfide is vital for dehairing process in tanneries where an alkaline mixture ensures the chemical dissolution of hair. Several European countries such as Italy, Spain, France and Germany account for about 25% of global leather production pertaining to the predominance of small-sized tanneries with high adaptability, access to premium raw materials and technological leadership which may further stimulate sodium sulfide market growth. • Global crystal sodium sulfide market size may exhibit growth of about 6.5% till 2024. The product finds extensive use as an assistant in sulfide dyeing, chemical fiber devulcanization, and as an ingredient for manufacturing organic chemicals. The product is also used in rubber, engineering plastics, pharmaceuticals, chemical cleansers, and food additive manufacturing which may accelerate Na2S market growth.

  3. Continue… • In 2017, U.S. sodium sulfide market size from water treatment applications surpassed USD 3.5 million. Enhanced wastewater treatment technologies along with rising population have influenced the country to significantly increase its water reuse targets. The product is moderately soluble in water compared to other insoluble compounds such as oxides or fluorides and precipitates out heavy metal contaminants, which increases the product’s suitability as a reagent in wastewater treatment. • Germany sodium sulfide market demand from chemical processing applications may exhibit growth above 5% by 2024. The product has various chemical applications such as conducting sulfomethylation & sulfonization in the rubber industry, and manufacture of sulfur dyes for use in the textile industry. Moreover, it is widely used to manufacture pharmaceutical chemicals, sodium hydrosulfide and sodium thiosulfate for chemical and medical applications which may accelerate market growth. • Na2S market size with respect to textile industry applications should surpass USD 50 million till 2024. The product serves as a bleaching agent for de-sulfurizing and as a dechlorinating agent. Moreover, the product offers the ability to reduce negative charges on fibers and ensures even dye penetration which could further increase product demand.

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