Sodium Hydrosulfite Market Analysis

Sodium Hydrosulfite Market Analysis

Based on process, sodium hydrosulfite market can be segmented into three categories including zinc process, sodium formate process and other processes including the borol process, sodium bisulfate process, etc. The zinc based process involves reaction of zinc dust with sulfur dioxide and converting the resultant zinc salt to sodium hydrosulfite in the presence of caustic soda or soda ash. This process segment has a significant share of sodium hydrosulfite industry and is expected to hold sway till 2024.
 

Sodium formate process segment also has a substantial share of overall sodium hydrosulfite market and is expected to grow till 2024 due to rising popularity of this process. It involves the reaction of caustic soda and sulfur dioxide with sodium formate in a methanol solution.
 

The sodium hydrosulfite market is categorized into four major segments including wood pulp bleaching, mineral flotation, textile, and other applications such as kaolin clay, chemical industry, food additive, leather, water treatment, etc. Wood pulp bleaching has a significant market share and is anticipated to grow at a steady rate during the forecast timeframe. Increasing wood pulp demand in paper packaging industry will propel this growth.
 

Mineral flotation also has a substantial share of sodium hydrosulfite market and this segment is expected to gain till 2024. The product is employed in the flotation of coal and pyrite and is also used in molybdenum mining to separate copper, lead, and zinc ores.
 

North America held around 15% of the overall sodium hydrosulfite market in 2016 and the region will likely witness a slow growth of around 2% CAGR till 2024. Europe, on the other hand, generated more than USD 100 million for the overall market in 2016 and will exhibit growth at less than 1.5% CAGR in the forecast spell.
 

The major chunk of the product demand in North America and Europe is from wood pulp bleaching and decreasing demand for paper products coupled with declining production capacity of paper manufacturers will lead to a sluggish growth for the sodium hydrosulfite market.