Sodium Sulfide Market Size, Share & Trends

Q: What are the major applications of sodium sulfide?

Pulp &amp; paper, water treatment, chemical processing, textile, ore processing, and tanning, are some of the major applications of sodium sulfide.. Read More

Global Sodium Sulfide Market Overview

The Sodium Sulfide Market Size was valued at USD 585.164 Million in 2023. The sodium sulfide industry is projected to grow from USD 605.76 Million in 2024 to USD 794.27 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 3.40% during the forecast period (2024 - 2032). The sodium sulfide market consists of sodium salts that are moderately soluble in acid and water. These sulfides are sulfuric acid esters, which are generated when hydrogen atoms are replaced by metal atoms (sodium). During the forecast period, the worldwide sodium sulfide market is expected to rise at a high CAGR. The rising demand for water treatment chemicals in power and industrial applications is one of the primary reasons driving the sodium sulfide market. Moreover, several environmental rules and laws governing the disposal of generated water and wastewater are fueling the market's growth. In the Asia Pacific region, rising population and rapid urbanization have resulted in increased wastewater creation and a greater need for sodium sulfide for water treatment. Another factor driving the sodium sulfide market is the increasing usage of sodium sulfide in the pulp and paper industry for heating pulp during the Kraft process. Furthermore, the tanning sector is predicted to benefit from the usage of sodium sulfide for removing hair from hides during leather production. The increasing use of sodium sulfide as a water treatment chemical in sectors like chemical, electricity, pulp & paper, municipal, oil & gas, food & beverages, agricultural, and mining is projected to enhance the market in the area.

Market Segmentation

The global sodium sulfide market has been segmented on the basis of product, grade, application, and region.

Based on product, the global sodium sulfide market has been segregated into low ferric, anhydrous and crystal.

By grade, the market has been categorized into purified and technical grade.

On the basis of application, the market has been divided into pulp & paper, chemical processing, water treatment, textile, tanning, ore processing and others.

The global sodium sulfide market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Key Players

Some of the key players in the global sodium sulfide market are PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd., and othersRecent Development

June 2023: Solvay announced that it had signed a definitive agreement to acquire ICS Industires, a leading producer of sodium sulfide and other specialty chemicals. The acquisition is expected to close in the third quarter of 2023.

July 2023: PPG Industries announced that it had expanded its production capacity for sodium sulfide at its plant in China. The expansion is expected to be completed in the first quarter of 2024.

August 2023: ISSC (IRSS) announced that it had signed a new contract to supply sodium sulfide to a major customer in the pulp and paper industry. The contract is for a period of three years.

August 2023: The Chinese government announced that it would be investing in the development of new sodium sulfide production capacity. The investment is expected to help meet the growing demand for sodium sulfide in China.

Intended Audience:

Sodium sulfide manufacturers

Traders and distributors of sodium sulfide

Research and development institutes

Potential investors

Raw material suppliers

Nationalized laboratories

Report Attribute/Metric	Details
Market Size 2023	USD 585.164 Million
Market Size 2024	USD 605.76 Million
Market Size 2032	USD 794.27 Million
Compound Annual Growth Rate (CAGR)	3.40% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2018 & 2020
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	product, grade, application, and region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	PJ Chemicals, Athiappa Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Sichuan Shenhong Chemical Industry Co., Ltd., Iran Sodium Sulphide Company, Sankyo Kasei, Hebei Xinji Chemical Group Co., Ltd., Solvay, Longfu Group, Nafine Group International Co., Ltd.
Key Market Opportunities	Use of sodium sulfide for removal of hair from hides during leather processing
Key Market Dynamics	Increasing demand of water treatment chemicals in power and industrial applications rising use of sodium sulfide in pulp and paper industry during Kraft process for cooking of pulp

Sodium Sulfide Market Highlights:

Frequently Asked Questions (FAQ) :

What are the major applications of sodium sulfide?

Pulp & paper, water treatment, chemical processing, textile, ore processing, and tanning, are some of the major applications of sodium sulfide.

Which is the largest segment in the global sodium sulfide market?

The water treatment segment holds the largest share in the global sodium sulfide market.

What are the major tailwinds pushing the growth of the global sodium sulfide market?

Augmenting demand from various end-use industries such as chemical, power, pulp & paper, and oil & gas, Growing use of sodium sulfide as a water treatment chemical.

Which region holds the largest share in the global sodium sulfide market?

Asia Pacific holds the largest share in the global sodium sulfide market, followed by North America and Europe, respectively.

Who are the top players in the global sodium sulfide market?

Athiappa Chemicals, PJ Chemicals, Shaanxi Fuhua Chemical Co., Ltd., Iran Sodium Sulphide Company, Sichuan Shenhong Chemical Industry Co., Ltd., Sankyo Kasei, Solvay, Hebei Xinji Chemical Group Co., Ltd., Longfu Group, and Nafine Group International Co., Ltd., are some of the major players operating in the sodium sulfide market.