Rising Demand for Paper and Textile Products Fuels Global Sodium Hydrosulfite Market

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Of late, the global market for sodium hydrosulfite has been experiencing a tremendous rise in demand. On account of its bleaching properties and its application as reducing agent in dyes, the chemical has a widespread demand from the textile, pulp and paper, cosmetics, and several other industries.

Global Sodium Hydrosulfite Market Report: http://www.mrrse.com/sodium-hydrosulfite-market

The robust growth of the textile industry has fueled the demand for sodium hydrosulfite extensively. In 2014, the global sodium hydrosulfite market was valued at US$1 bn, states a research report published by Transparency Market Research (TMR), a market intelligence and research firm. Analysts at TMR further estimate the market to expand at a CAGR of 3.80% over the period from 2015 to 2023 and reach US$1.4 bn by the end of 2023.

The rise in the demand for paper products from the emerging economies in Asia Pacific has also triggered the global market for sodium hydrosulfite. Additionally, the growing demand of sodium hydrosulfite as a food additive owing to its antioxidant nature, is likely to boost this worldwide market in the coming years.

Overall, the global sodium hydrosulfite market is anticipated to have a flourishing future. However, the sharp decline in the production capacity of paper and paper-board in Europe and North America is anticipated to hamper the steady growth of this market. Here is a snapshot of the overall performance of the global market for sodium hydrosulfite in recent times.
  • Currently, the wood pulp bleaching market is the biggest consumer of sodium hydrosulfite. In 2014, this market segment, together with the textile industry, accounted for more than 50% of the overall market.
  • The rise in the demand for paper and textile products is likely to bolster the demand for sodium hydrosulfite in the next few years.
  • The demand for cosmetics and kaolin bleaching is also reporting immense rise owing to which analysts cite increased opportunities for the development of the global sodium hydrosulfite market in the near future.
  • Asia Pacific dominates the sodium hydrosulfite market in the global arena at present. The regional market has registered a lead in terms of both production and consumption.
  • In 2014, Asia Pacific accounted for the major share of the overall demand for sodium hydrosulfite in the worldwide market.
  • Analysts have predicted the Asia Pacific market for sodium hydrosulfite to report the fastest growth in the near future, expanding at a CAGR of more than 4.0% between 2015 and 2023.
  • The soaring demand for sodium hydrosulfite from textile processing drives the Asia Pacific market for sodium hydrosulfite, whereas the wood pulp bleaching leads the markets in Europe and North America.
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Chemtrade Logistics Inc., Guangdong ZhongCheng Chemicals Inc. Ltd., TCP Ltd., BASF SE, Montgomery Chemicals, Jinhe Group, Royce International Corp., Mitsubishi Gas Chemical Co. Inc., Bruggemann Chemical, and AZ Chemicals Inc. are the key sodium hydrosulfite producers across the globe.

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