Global Sodium Hydrosulfide Market: Overview
Sodium hydrosulfide (NaHS) is an inorganic gas is produced by deprivation of organic matter. It is significantly found in anaerobic sediments. It is obtained from the process half neutralization of hydrogen sulfide in the presence of sodium hydrogen oxide. Sodium hydrosulfide has applications across leather, chemical processing, mining, and pulp & paper industry.
Growing application, as a potential disinfectant mainly in agriculture coupled with the extensive application of lubricants in extreme pressure, is likely to propel the sodium hydrosulfide market. Additionally, major key players were engaged in advancing the technology for improving production techniques, which are propelling growth of the global sodium hydrosulfide market.
The research report on sodium hydrosulfide market serves as a repository of analysis and information for every facet of the market. Furthermore, the sodium hydrosulfide market report includes Porter's five forces analysis for explaining the level of competition exists within the industry. Moreover, various aspects that are posing as a challenge coupled with trends that are helping to overcome these restraints. The market attractiveness analysis through analysis of applications and geography is also provided in the sodium hydrosulfide market report for providing deep insights regarding the market.
Global Sodium Hydrosulfide Market: Drivers and Restraints
The sodium hydrosulfide market is gaining traction due to the growing adoption of leather goods. The demand for sodium hydrosulfide as a dehairing agent produces minimal waste and reduces the harmful effects on the environment is growing from the past few years. The demand for less toxic nature than other agents is growing and thanks to these factors, it becomes compatible with numerous reactions, which is boosting the sodium hydrosulfide market.
Additionally, strong R&D examining and exploring ways to produce sodium hydrosulfide in formulating drugs as it has concluded with reverse effects of disruptive kidney injury. These are propelling growth of the global sodium hydrosulfide market.
Sodium hydrosulfide also has application across mines as a floating agent during extraction of nickel, cobalt, molybdenum, and copper. Growing mining of these metals is boosting growth of the global sodium hydrosulfide market. However, the factors such as high manufacturing costs, risks of explosion, and low output are acting as restraining factors to the growth of the global sodium hydrosulfide market. Nonetheless, growing application across the production of clean water in the nuclear industry is acting as a major support to the growth of sodium hydrosulfide market.
Global Sodium Hydrosulfide Market: Geographical Analysis
Based on the region, the sodium hydrosulfide market is segmented into five parts such as North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, Asia Pacific is expected to contribute a major share in the sodium hydrosulfide market owing to the presence of major manufacturers of leather products. Growing production of leather-based footwear mainly across China and India is boosting the regional market for sodium hydrosulfide. However, Europe is expected to account for the second-leading share due to high demand from developed countries such as the U.K., France, Italy, and Germany.
Global Sodium Hydrosulfide Market: Companies Mentioned
Some of the players operating in the global sodium hydrosulfide market are Solvay, Merck, Henan Yindu Chemical CO., LTD., TCI Chemicals, AkzoNobel, Cayman, Tessenderlo Group, Chemical Products Corporation, Genesis Energy, and Chaitanya Chemicals. Companies are focusing on improving their production capacity for catering their consumer base, get benefit in terms of revenue and market share. Thus, sodium hydrosulfide manufacturer is investing extensively on R&Ds to sustain in continuously changing market scenarios.
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