Hydrosulfite Market Set to Grow at 3.1% CAGR, Reaching USD 2,090.5 Million by 2034

Posted on 2024-06-17 by Future Market Insights in Chemicals // 0 Comments

By 2034, the value of the global hydrosulfite market is projected to rise from USD 1,546.7 million in 2024 to USD 2,090.5 million. Global hydrosulfite demand is expected to rise at a compound annual growth rate (CAGR) of 3.1% over the forecast period.

The sodium hydrosulfite segment is expected to dominate the global hydrosulfite industry through 2034. It will likely hold a volume share of 82.3% by 2024. On the other hand, the potassium hydrosulfite segment is set to thrive at a robust CAGR of 5.6% through 2034.

Hydrosulfite is set to be extensively used across several industries for its versatile properties. In the paper and pulp industry, it serves as a bleaching agent, enhancing the brightness and quality of paper products.

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Textile manufacturers utilize hydrosulfite for fabric bleaching, ensuring vibrant colors and improved aesthetics. In the food and beverage sector, it is used for whitening flour and sugar. The cosmetics and personal care industry also relies on hydrosulfite for hair-bleaching and skin-lightening purposes.

Manufacturers are expected to respond to the increasing demand by raising their production capacities, thereby ensuring a steady supply to meet industry needs. Rising demand for sodium hydrosulfite from the textile industry as a bleaching agent is also expected to compel manufacturers to increase production to meet the growing requirement for colorfast fabrics. This symbiotic relationship between supply and demand drives market expansion and sustains industry growth.

The hydrosulfite market is poised for significant growth in the estimated period, propelled by expanding industrial sectors, particularly in emerging economies. Rising demand for high-quality products, coupled with increasing environmental regulations favoring eco-friendly bleaching agents, is set to augment market expansion. Advancements in hydrosulfite technology, such as the development of more efficient and sustainable manufacturing processes, are further expected to fuel growth in the assessment period.

Key Takeaways from the Report

The global market for hydrosulfite is projected to thrive at 3.1% CAGR through 2034.
By product type, the sodium hydrosulfite segment is expected to have a total valuation of US$ 1,574.1 million by 2034.
By application, the bleaching agent segment is set to hold a market share of 42.6% in 2024.
East Asia is expected to account for a significant share of about 35.1% in 2034.
China’s industry value is anticipated to reach US$ 474.5 million by 2034.
The United States is projected to attain a valuation of US$ 303.1 million by 2034.
Demand in India is predicted to rise at 8% CAGR through 2034.

“The hydrosulfite market is set to showcase robust growth due to its diverse applications across industries like textiles, paper & pulp, and wastewater treatment. Sodium hydrosulfite dominates in terms of product type owing to its versatility, while the textile industry emerges as a key end-user. The growth is also expected to be driven by expanding applications, technological advancements, and increasing demand for eco-friendly solutions in several sectors.” – says an analyst at Future Market Insights (FMI).

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Competitive Landscape

The global hydrosulfite market is consolidated, with leading players accounting for about 55% to 60% share. Alfa Aesar, Thermo Fisher Scientific, BASF SE, Bruggemann Chemical GmbH & Co. KG, Chemtrade Logistics, Inc., Esseco Group, Hansol Chemical, Helm AG, Mitsubishi Gas Chemical Company, Inc., Royce International Corp., TCP Limited, Transpek-Silox Pvt Ltd, and Montgomery Chemicals are the leading manufacturers and suppliers of hydrosulfite listed in the report.

For instance,

In October 2023, Solenis successfully acquired CedarChem LLC, expanding its product line for water and wastewater treatment in the Southeast part of the United States. This move is in line with Solenis’s aim to leverage CedarChem’s reputation and experience to expand its market presence and improve customer service.

Get More Insights into the Hydrosulfite Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global hydrosulfite market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end-user, and region.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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