Sodium Hydrosulfite Market Size, Unveiling the Potential Scope for 2023

Sodium Hydrosulfite Market

According to the report published by Zion Market Research, the global Sodium Hydrosulfite Market size was valued at USD 1,296.33 Million in 2022 and is predicted to reach USD 1,598.00 Million by the end of 2030. The market is expected to grow with a CAGR of 2.65% during the forecast period. The report analyzes the global Sodium Hydrosulfite Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Sodium Hydrosulfite Market industry.

Global Sodium Hydrosulfite Market: Overview

Sodium hydrosulfite, also known as sodium dithionite, is a white powder with a crystalline structure. The global market for sodium hydrosulfite had a valuation of USD 1,295 million in 2020 and it is expected to grow at a CAGR of 2.5% over the estimated period. It is stable in normal settings but decomposes in acidic environments or when exposed to hot water. Different procedures, such as the amalgam process, zinc dust process, and formate process, are used to make sodium hydrosulfite. Sodium hydrosulfite is made primarily using these three techniques. Nevertheless, in 2014, zinc dust and amalgam methods accounted for about 80 percent of overall industrial output. The remarkable reducing ability of sodium hydrosulfite is responsible for all of its uses. In an acidic medium in a hot environment, sodium hydrosulfite has reducing characteristics. In the paper & pulp industry, textile processing, kaolin bleaching, mineral ore flotation, food additives, and medicines, sodium hydrosulfite is frequently used for bleaching.

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Global Sodium Hydrosulfite Market: Growth Factors

The global sodium hydrosulfite market is growing at a rapid rate. The extensive use of sodium hydrosulfite in the wood pulp and textile industry is the major factor that is boosting the growth of the market. The packaging business, which has been growing at a strong rate over the past decade as a result of the growing popularity of the e-commerce sector, accounts for the majority of paper product demand. In addition to this, in the textile business, sodium hydrosulfite is utilized as a reducing agent as well as a reducing bleaching agent in materials including nylon, wool, and cotton. Additionally, sodium hydrosulfite is used to remove the color from materials. It's also utilized in the disperse dye reduction cleaning procedure. All these factors are equally contributing to the growth of the market. However, the decreasing pulp and paper sector, on the other hand, is stifling demand for sodium hydrosulfite, limiting global sodium hydrosulfite market growth. On the other hand, the global sodium hydrosulfite market is predicted to be lucrative due to its uses in food and cosmetics during the forecast period.

The COVID-19 pandemic adversely affected the demand for sodium hydrosulfite globally. Reduction in production capacity, declined demand from developed countries, halt on the manufacturing process, and many other factors collectively caused low revenue generation during the pandemic period. However, developing and low-income economies still rely on paper documentation hence the demand for sodium hydrosulfite is expected to remain steady during the forecast period.

Global Sodium Hydrosulfite Market: Segmentation

The global sodium hydrosulfite market is bifurcated based on application, process, and region. Based on the application, the global market is divided into mineral flotations, wood pulp bleaching, textiles, and others. The process segment comprises sodium formate process, zinc process, and others.

Global Sodium Hydrosulfite Market: Regional Analysis

Asia Pacific is expected to contribute a major revenue share in the global sodium hydrosulfite market over the projected years. Asia Pacific is the world's largest producer and consumer of sodium hydrosulfite, with a market share of more than 50 percent. The demand for sodium hydrosulfite in APAC is mostly driven by China. Aside from China, key textile-producing nations such as India, Japan, Pakistan, and Bangladesh account for a significant portion of the market. Textile processing is the key application in Asia Pacific, thus supporting the rapid growth of the market. Wood pulp bleaching, on the other hand, is the most popular use in North America and Europe. Because of the steady downturn in the paper economy in these regions, North America and Europe are expected to lose market share throughout the projection period.

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