Sodium Dichromate Market Size, Share & Industry Analysis, By Application (Metal Finishing, Pigments, Wood Preservative, Leather Tanning, Others)Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102381 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Sodium dichromate is an inorganic salt with the chemical formula Na₂Cr₂O₇. The compound is very similar to potassium dichromate in terms of appearance and reactivity; however, sodium dichromate is highly soluble in water compared to potassium dichromate. The majority of chromium-based materials and compounds are produced from sodium dichromate salt. Sodium dichromate finds its application in wood preservation, leather tanning, paints & coatings, mud drilling, and wax. Due to the color-fastening property of sodium dichromate, it is used as a dye in the textile industry and is also used in the production of ceramic glazes, and colored glasses.

The key market driver for the global sodium dichromate market is the increasing demand for pigments from the textile and construction industry. Sodium dichromate is used as a pigment to impart orange color to fabric and paints and is preferred by the textile and construction industries. Therefore the market is expected to grow during the forecast period.

Key Market Driver -

Increasing demand for pigments from textile and construction industry

Key Market Restraint -

Safety issues related to the use of sodium dichromate

Key market restraint for the global sodium dichromate market is the safety issues related to the use of sodium dichromate. The compound is corrosive, and exposure to it can cause severe damage to skin or eye. Sodium dichromate is also carcinogenic, hence its properties to act as a market restraint.

Market Segmentation:

Based on application, the sodium dichromate market is segmented into metal finishing, pigments, wood preservative, leather tanning, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

Some of the notable companies in the global sodium dichromate market are American Elements, Elementis, Nippon Chemical Industrial Co., Ltd., Vishnu Chemicals, Soda Sanayii A.Ş., Hebei Chromate Chemical Co. Ltd., Chongqing Minfeng Chemical Co., Ltd., Sichuan Yinhe Chemical Co., Ltd., Xinjiang Sing Horn Group, Gansu Qiyuan Chromate Chemical Production Co., Ltd, and other key players.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

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The global sodium dichromate market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has witnessed significant growth in the sodium dichromate market due to the high demand for preserving wood required for use in residential and commercial spaces. The demand for sodium dichromate from the packaging industry for printing applications is expected to drive the market in Europe. The need to develop visually compelling product packaging from several industries is expected to support the growth of the market. In Asia Pacific, the demand for sodium dichromate will come from the leather industry for tanning application. China and India being the significant leather consumers, will contribute to the progress of the market. Brazil is the major consumer of leather in the region, thereby contributing to the demand for sodium dichromate for tanning purposes. The Middle East & Africa will observe a high demand for sodium dichromate for coating applications to protect the substrate from corrosion.

Segmentation

ATTRIBUTE	DETAILS
By Application	Metal Finishing Pigments Wood Preservative Leather Tanning Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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