Sodium Hydrosulfide, Global Market Size Forecast, Top 16 Players Rank and Market Share (Internet Services - Other Internet Services)

Item ID 2573542 in Category: Internet Services - Other Internet Services

Sodium Hydrosulfide, Global Market Size Forecast, Top 16 Players Rank and Market Share


According to the new market research report “Global Sodium Hydrosulfide Market Report 2023-2029”, published by QYResearch, the global Sodium Hydrosulfide market size is projected to reach USD 0.65 billion by 2029, at a CAGR of 1.8% during the forecast period

Market Drivers:
At present, sodium hydrosulfide plants in developed countries have basically stabilized, and there is little possibility of new production capacity in the short term. The new production capacity in the market is mainly in China.

Restraint:
1. Since 2023, the world economic recovery has been sluggish. External demand has shrunk significantly under the impact of high inflation, high interest rates, and high debt. Trade protectionism has become rampant. According to estimates from the International Monetary Fund, global economic growth is weak.
2. Affected by factors such as cyclical fluctuations in the industry, the release of new production capacity, the impact of the new crown epidemic, and the slowdown in macroeconomic growth, the average sales price of sodium hydrosulfide fluctuates greatly. In extreme cases, it may cause enterprises to suffer losses.
3. In the past ten years or so, the price of sodium hydrosulfide has fluctuated relatively little. However, in 2022, the global average sales price of sodium hydrosulfide has soared by 40-70%. It is expected that as raw material prices fall, sodium hydrosulfide will also fall.

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.



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Last Update : Mar 20, 2024 10:17 PM
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