Sodium dichromate is effectively utilized as a salt to introduce all the mainstream compounds and materials based on the chromium. It is utilized for producing potassium dichromate and acetic anhydride. The benefits of the sodium dichromate have effectively augmented in the metal finishing market owing to its safeguard metal surface corrosion. It is broadly utilized in the wood preservatives, leather tanning and producing of pigments. Sodium dichromate finds benefit in the paints, mud drilling and coatings, textile dyeing, vitamin K, and wax. It is progressively utilized as a mordant in the dyeing owing to its color-fastening property. It is also utilized to produce colored glasses and ceramic glazes.
Furthermore, the growing requirement for the pigments from the textile and infrastructure industries in the underdeveloped countries is predicted to fuel market growth. Meanwhile, according to the Indian Brand Equity Foundation, the Indian textile industry is predicted to develop and increase during the forecasted period. In the Asia Pacific region, the growing usage of the sodium dichromate in the construction segment coupled with the increasing populace in India is prospective to propel the market growth.
According to the report analysis, ‘Global Sodium Dichromate Market’ states that in the global sodium dichromate market there are numerous key players which presently functioning more significantly for leading the fastest market growth and dominating the high value of market share across the globe while increasing the applications of the product, increase the usage of the salt, decreasing the price of the product, and delivering the better satisfaction to the end-users includes Elementis (US), Soda Sanayii (TR), Aktyuninsk (KZ), Lanxess (ZA), Vishnu Chem (IN), NPCC (RU), NiponChem (JP), Yinhe Group (CN), ZhenhuaChem (CN), MinfengChem (CN), Sing Horn (CN), DongzhengChem(CN), Hebei Chrome-Chem (CN), Peace Chem (CN), JinshiChem (CN), MingyangChem (CN) and several others.
The global 2010-2015 sodium dichromate price is in the first increasing and later-decline trend, from approximately 2076 USD /MT in 2010 to 1072 USD /MT in 2015, with the future capacity growth and raw material fluctuations, prices will be in deterioration trend. Over the last few years, its benefit in the flexible packaging has effectively augmented as it enlarges the shelf of the packaged products.
The effective increase in the per capita income and wide transformation in the fashion trends have augmented the requirement for the product in the leather industry. The producers of the leather around the globe have realized the value of tanning that is augmented shelf life of the item. These aspects have moved the predilection of the producers towards the sodium dichromate. The Sodium dichromate utilization is effective growing in numerous industries namely automotive, aerospace, and electrical and defense to create the surface of the metal corrosion-resistant.
Its consumption in the wood preservatives is positively growing owing to its capability to enlarge the life of the wood. Growing requirement for the wood preservatives due to its usage in several applications namely utility fencing, infrastructure, decking is anticipated to foster the market growth. In addition, the requirement for the product is increasing around the globe from industries utilizing chromium compounds for creating the chemicals. Therefore, in the coming years, it is anticipated that the market of Sodium Dichromate around the world will increase more actively over the near years.
Market Segment by Manufacturers, this report covers
Soda Sanayii (TR)
Vishnu Chem (IN)
Nipon Chem (JP)
Yinhe Group (CN)
Zhenhua Chem (CN)
Minfeng Chem (CN)
Sing Horn (CN)
Hebei Chrome-Chem (CN)
Peace Chem (CN)
Jinshi Chem (CN)
Mingyang Chem (CN)
Market Segment by Regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Market Segment by Type, covers
Market Segment by Applications can be divided into
Preparing Chromium Compounds
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Ankur Gupta, Head Marketing & Communications