In the Asia-Pacific region, sodium sulfide prices initially faced challenges in the first quarter due to poor demand from end-user industries, but a surge in supply chain disruptions and increased production costs, driven by OPEC+ restrictions in the second half of the quarter, supported higher prices.
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However, the second quarter witnessed a decline in sodium sulfide prices due to the region's weak economic conditions. In Europe, strong demand from the paper and detergent sector boosted sodium sulfide prices in the first quarter, along with supply shortages. Yet, the second quarter saw weakened demand, primarily from detergents and paper & pulp industries, affecting prices.
North America experienced rising sales and inventory insufficiencies in the first quarter, leading to a significant price increase. The second quarter exhibited occasional weak demand and limited inquiries from downstream industries, but stable consumption and overall market dynamics helped maintain price stability.
Definition
Sodium sulfide is a chemical compound with the formula Na2S. It is an odorless, yellow, or brick-red crystalline solid that readily dissolves in water. Sodium sulfide is highly hygroscopic, meaning it readily absorbs moisture from the air, and it can react vigorously with water to release hydrogen sulfide gas, which has a characteristic foul odor. The compound is alkaline and can undergo hydrolysis in water to form sodium hydroxide and hydrogen sulfide. It is commonly used in various industrial applications, including the production of dyes, textiles, and paper, as well as in the leather industry for hair removal during leather processing. Sodium sulfide is also used in water treatment processes and as a laboratory reagent for various chemical reactions.
Key Details About the Sodium sulfide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium sulfide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium sulfide Price chart, including India Sodium sulfide price, USA Sodium sulfide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium sulfide Price Trend:
Sodium sulfide, a versatile chemical compound, finds applications in various industrial sectors. In the leather industry, it serves as a crucial agent for hair removal during leather processing. It plays a pivotal role in the production of dyes and the manufacturing of sulfur dyes for textiles. Additionally, sodium sulfide is employed in the papermaking process, where it aids in delignification and pulp processing. In the water treatment industry, it is used for removing heavy metals from wastewater through precipitation reactions. Furthermore, sodium sulfide is utilized as a laboratory reagent for conducting a range of chemical reactions and experiments. Its multifaceted properties make it indispensable in diverse industrial processes.
Key Players:
- Solvay
- American Elements
- Tessenderlo Group
- Tokyo Chemical Industry
- Emco Dyestuff Pvt Ltd
- Innova Priority Solutions
- PVS Chemicals
- Shaanxi Fuhua Trading Co Ltd
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The global Sodium Sulfide market was valued at 79.16 Million USD in 2020 and will grow with a CAGR of 5.37% from 2020 to 2027, based on our Researcher newly published report.The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches.
Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).Sodium sulfide is a yellow, solid flake with a sulfurous (rotten egg) smell.
It is usually obtained by heating sodium sulfate with coal or hydrogen.
Sodium sulfide may be used in the making of colors and dyes.
It can also be used in the manufacture of other chemicals, metals or in mining (ore processing) and in waste water, soil and process sludge treatment.In the recent years, sodium sulfide capacity showed a trend of steady growth.
China is the leading producer of sodium sulfide in the world, responsible for 55.95% production market share of world and the USA is second after China, estimated to account for about 14.50% production share in 2016.
