DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p246bt/sodium) has announced the addition of the "Sodium Hydrosulfite Market for Wood Pulp Bleaching, Textile, Mineral Flotation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" report to their offering.
This report covers the analysis and forecast of the sodium hydrosulfite market on the global and regional level. The study provides historic data of 2014 along with forecast between 2015 and 2023 based on volume (kilo tons) and revenue (US$ Mn).
Textile processing and wood pulp bleaching are primarily responsible for boosting demand for sodium hydrosulfite. Furthermore, the market dynamics of these applications affect the global market for sodium hydrosulfite. Demand for textile products, particularly apparel, has increased across the world, which has resulted in rise in demand for sodium hydrosulfite globally. In terms of demand, Asia Pacific, being the textile manufacturing hub of the world, held the largest share of the sodium hydrosulfite market in 2014.
The paper and pulp industry, on the other hand, has struggled to keep pace with rapid global digitalization. Hence, steady decline in demand for paper and paper products has been witnessed in North America and Europe. However, the market in Asia Pacific and Latin America is expected to expand at a decent pace during the forecast period. Application in cosmetics, particularly hair care products, and kaolin bleaching is likely to provide attractive growth opportunities for the sodium hydrosulfite market in the near future.
Asia Pacific is the major producer and consumer of sodium hydrosulfite, accounting for over 65% share of the global market by demand in 2014. China is primarily driving demand for sodium hydrosulfite in this region. Apart from China, major textile producing countries such as Japan, India, Bangladesh, and Pakistan account for considerable share. The market in Asia Pacific is also projected to exhibit the fastest growth rate, expanding at a CAGR of more than 4% between 2015 and 2023. Textile processing is the primary application in Asia Pacific. On the other hand, wood pulp bleaching application dominates demand in North America and Europe. The market share of North America and Europe is estimated to decline during the forecast period due to gradual slowdown in the paper economy in these regions.
- AZ Chemicals, Inc.
- BASF SE
- Bruggemann Chemical
- Chemtrade Logistics Inc.
- Guangdong ZhongCheng Chemicals Inc., Ltd
- Jinhe Group
- Mitsubisi Gas Chemical Company Inc.
- Montgomery Chemicals
- Royce International Corp
- TCP Limited
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