This study intends to unfurl the multiple facets of global sodium hydrosulfite market. The insights offered in the report aid in market growth examination during the forecast period.
Sodium Hydrosulfite Market Largely Benefits from Paper and Pulp Industry’s Growth
Due to sodium hydrosulfite's superior bleaching capabilities compared to sodium bisulfite, the demand is rising in the pulp and paper sector. The demand for sodium hydrosulfite is anticipated to rise in response to the increased need for recycled fiber as a raw material for producing high-quality papers to improve the paper's whiteness. The demand for hygiene paper, tissues, and other paper-based consumer goods is expected to increase, which will help the pulp and paper industry and, in turn, the sodium hydrosulfite market. These trends are expected to support the growth of the pulp and paper industry. Additionally, it is anticipated that the expanding textile industries in Asia Pacific, the Middle East, and Africa will increase demand for sodium hydrosulfite in these regions for use in textile bleaching due to the abundance of cheap and skilled labor in these regions, as well as favorable macroeconomic conditions.
It is also anticipated that the rising popularity of sodium hydrosulfite in personal care sector, where it is utilized in creating body care items, hair dyes and colors, deodorants, and moisturizers, will present expansion prospects for the sodium hydrosulfite market participants. The market is anticipated to expand due to the increasingly polluted water sources and the growing demand for water treatment methods. Paper and pulp manufacturing has a significant demand for sodium hydrosulfide, which will aid the market expansion. However, it is anticipated that the high costs and complicated manufacturing procedures for sodium hydrosulfide will restrain market expansion.
Sodium Hydrosulfite Market: COVID-19 Impact
The COVID-19 lockdown greatly impacted textile operations and production, leading to a decline in the global textile supply and demand chain, impacting the sodium hydrosulfite market. Studies reveal that the COVID-19 epidemic significantly reduced textile manufacturing in 2020 due to a shortage of operations in numerous nations worldwide. Since 2021, there has been a steady rebound in the number of new textile contracts across various nations worldwide. For instance, a new textile project to construct a new yarn manufacturing facility in Madhya Pradesh, India, was announced in 2021. Using sodium hydrosulfite will be necessary as textile and industrial activities gradually grow. The spinning, weaving, and finishing of textiles are among the anticipated end products of the project, which is predicted to cost approximately INR 2240 million (US$30.4 Mn). It will eventually enhance demand for sodium hydrosulfite, signaling a gradual and sustained market rebound over the next years.
ExpandingTextile Operations Will Drive Sodium Hydrosulfite Market
Numerous nations around the world have seen an upsurge in textile businesses. For instance, India launched the Non-woven Fabric Manufacturing Expansion Project in Himachal Pradesh in July 2021 for INR 220 million (US$2.9 Mn). Additionally, it launched a project to expand the manufacturing of artificial textile fibers for INR 9,710 million (US$13.2 Mn). In addition, a recent post on fibre2fashion claims that over 70% of all enterprises in Vietnam manufacture clothing. It also notes that during the first five months of 2021, American textile and apparel imports rose by 26.79%, reaching US$41.689 Bn. Similarly, the value of shipments of clothes, textiles, and artificial fibers from the United States in 2020 was roughly US$64.4 Bn. Additionally, the UNEP announced the start of a new initiative in 2021 that aims to give authorization for eco-innovation and the use of Environmental Product Footprint (PEF) inside textile SMEs in Kenya, South Africa, and Tunisia. It would lead to an increase in the need for the usage of sodium hydrosulfite in various textile operations worldwide, leading to an increase in the sodium hydrosulfite market's growth.
Sodium Hydrosulfite Market Witnesses in Line with Propeling Paper Manufacturing
The packaging and e-commerce industries' increased demand for paper will likely raise the demand for sodium hydrosulfite. Since sodium hydrosulfite is a potent reducing agent, the pulp's colors readily react with it. They are, therefore, very efficient in bleaching recycled pulp. In 2023, the use of food packaging is predicted to rise to US$447 Mn, according to a recent report posted on Interpack. It also claims that Chinese packaging firms like 3D, SIP, and WLCSP alone generated over $5.88 billion in revenue from end packaging. Since sodium hydrosulfite is the main ingredient used to make the paper needed for packaging, it is anticipated that it will drive the growth of the sodium hydrosulfite market in the future.
Potential Health and Environmental Risks Create an Impediment Facing Sodium Hydrosulfite Market
Section 311(b)(2)(A) of the Federal Water Pollution Control Act designates sodium hydrosulfite as a hazardous material, and the Clean Water Act Amendments add further regulations. Discharges of this chemical are subject to these rules. This classification also covers isomers, hydrates, solutions, and mixes containing the material. Therefore, stringent laws governing the usage of sodium hydrosulfite may prevent the industry from expanding.
Zinc Process Category Dominates Sodium Hydrosulfite Market Owing to Increased Adoption of Lighten Paper Pulps
The zinc process category held the largest sodium hydrosulfite market share, and it is anticipated that it will continue to rule the market during the forecast period. The zinc process involves the reaction of sulfur dioxide with zinc dust, transforming the resulting zinc salt into sodium hydrosulfite when caustic soda or soda ash is present. They are typically employed to lighten paper pulps, treat beet and cane juices, bleach fabrics, and reduce mining flotations. Therefore, a rise in demand for sodium hydrosulfite based on zinc for the above applications is projected to fuel market expansion in the coming years. Besides, due to the growing popularity of this process, the sodium formate process segment also accounts for a sizeable portion of the overall market. It entails the interaction of sodium formate, sulfur dioxide, and caustic soda in a methanol solution.
Textile Industry Remains at the Forefront in Global Sodium Hydrosulfite Market
The textile industry category held the largest sodium hydrosulfite market share, and it is anticipated that it will continue to rule the market during the forecast period. The demand for textile goods has significantly increased on a global scale. For instance, Teejay Lanka, one of the leading textile producers in the area, announced plans to double the capacity of its Indian mill after finishing an expansion project that required an investment of $15 million, and it would continue to be developed through 2021. China has signed over 226 textile and apparel projects for the forthcoming collection and is developing over 100 businesses, according to a recent story on fibre2fashion. By the end of 2021, 37 of these businesses are anticipated to start. Additionally, a well-known business named CHROMUCH just unveiled ChromShield Technology for On-Demand Fade-Resistant Yarn Dyeing and Functionality.
Asia Pacific Reigns Supreme in Global Sodium Hydrosulfite Market, Textile Industry Extends Sizeable Contribution
Over the forecast period, it is anticipated that the Asia Pacific sodium hydrosulfite market will account for the largest revenue share due to the growing need for sodium hydrosulfite in the textile industries for various applications. For instance, the Indian government announced a US$12.2 Mn ($905 million) textile processing project for Maharashtra in 2021. Similarly, a recent analysis of fibre2fashion found that China will import more cotton overall for the textile industry in 2020, up 16.8%. In addition, Bangladesh sells textiles to the US, Canada, Europe, and other nations, accounting for about 45% of its total earnings. Due to its advantages, such as a higher degree of brightness, permanent whiteness, and little fiber degradation, sodium hydrosulfite is largely utilized in various textile operations, such as bleaching or decoloring dyed fabrics.
North America sodium hydrosulfite market is anticipated to experience stable revenue growth throughout the forecast period. For water treatment, sodium hydrosulfide will be in great demand in North America. The market here will expand due to government laws on handling wastewater from manufacturing facilities. The two biggest markets for sodium hydrosulfite in North America are the United States and Canada. The textile sector mainly uses sodium hydrosulfite in the United States. Many pulp and paper factories in the nation employ sodium hydrosulfite as a bleaching chemical. The nation also has many water treatment facilities that employ this chemical to purify water. Additionally, the expansion of the pharmaceutical business will drive market expansion.
Global Sodium Hydrosulfite Market: Competitive Landscape
The primary strategies employed by market participants to ensure their success in the industry are expansions and investments, the introduction of new products, services, and technology, acquisitions, contracts, alliances, joint ventures, and partnerships. A few of the prominent players in the sodium hydrosulfite market are AZ Chemicals, Inc., BASF SE, Bruggemann Chemical GmbH & Co. KG, Chemtrade Logistics, Inc., Finetech Industry Limited, Guangdong ZhongCheng Chemicals Inc., Ltd., Jinhe Group, Mitsubisi Gas Chemical Company, Inc., Montgomery Chemicals LLC, and Royce International Corp.
Regional Classification of Global Sodium Hydrosulfite Market Can be Given as Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Sodium Hydrosulfite Market
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