Sodium Sulfide Market Segmentation:
By Type Segment Analysis
Low ferric sodium sulfide segment is estimated to account for more than 57% sodium sulfide market share by the end of 2035. The segment growth can be attributed to the growing use of low ferric sodium sulfide in textile and paper manufacturing due to its high solubility.
Moreover, the increasing demand for iron and metals due to rapid urbanization has increased the use of low-ferric sodium sulfide in the mineral industry, which boosts segment growth. Additionally, low-sodium sulfide is considered a safe chemical as compared to others, which leads to its huge adoption.
By Application Segment Analysis
By the end of 2035, paper & pulp segment is poised to dominate around 54% sodium sulfide market share. The rising middle-class income and boom in the fashion industry are responsible for an increasing demand for textile manufacturing. As per Research Nester estimates, in 2020, the global middle class spent USD 42 trillion, or 63.2% of the world’s consumer spending.
Moreover, with the rising demand for textile manufacturing, the need for sodium sulfide in the textile industry is also increasing as it provides finishing to fabrics. In addition, the growing demand for sodium sulfide in the textile industry boosts the segment growth.
Our in-depth analysis of the global market includes the following segments:
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