Sodium Sulfide Market Revenue is Expected to Reach 1,157 KT by 2024Posted by Justin Barnes on April 20th, 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. Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4357 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. 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
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/sodium-sulfide-market/toc 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. To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/4357 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. Like it? Share it!More by this author |