Sodium Hydrosulfide Market Size

Sodium Hydrosulfide Market Size

Sodium Hydrosulfide Market size was over USD 240 million in 2017 and industry expects consumption of above 450 kilo tons by 2024. 

Growing leather goods demand has led to rise in leather products which is like to have positive impact on sodium hydrosulfide market size as an essential leather tanning chemical. It acts as a dehairing agent and generates minimal waste, thus reducing harmful effects on the environment. Global leather goods market may surpass USD 125 billion by 2024. Consumer inclination towards designer leather products along supported by availability of various fashion brands will favour industry growth, thus driving product demand.
 

Sodium hydrosulfide (NaHS) market size is anticipated to grow significantly due to its less toxic nature as compared to sulphur, due to which it can used as an alternative to sulphur. Due to its versatility it can with numerous chemicals during reaction to form new compounds, which is anticipated to expand its market size.
 

Strong R&D to examine sodium hydrosulfide in formulating drugs as it is examined to be able to reverse effects of disruptive kidney injury.  Effects including decreasing cortical thick-ness and an increase in matrix proteins can negatively affect kidney and this product can be effective in treating this condition if used at certain dose. Global pharmaceuticals R&D spending is likely to surpass USD 200 billion by 2024, which is anticipated to fuel product demand in forecast timeframe.
 

NaHS is an alkaline product which plays a vital role in numerous industrial process including, dyes and agricultural chemicals. It is also a key constituent in numerous industrial methods concerning sulphur necessities as it is a low cost and less toxic alternative to sulphur, thereby propelling product demand.
 

Sodium hydrosulfide finds application in elemental sulphur and sulfuric acid manufacturing. The product can also be used as a chemical intermediate in the manufacturing of pharmaceuticals, rubber chemicals, dyes, pesticides, polymers, plastic additives, and leather, thus driving industry growth.
 

NaHS acts as intermediate in the production of thio chemicals owing to property of acting as a highly reactive form of sulphur. These chemicals are used in textile industry, in vulcanization accelerators and in manufacturing flame retardant resins, thus driving product demand in forecast timeframe.
 

Different complexities in its manufacturing process like high cost, low output and explosion danger may hamper industry profitability, thus affecting sodium hydrosulfide market price trends. However, growing application range in production of heavy water in the nuclear industry, as analytical reagent will propel industry growth.