Novel Applications of Sodium Dichromate to Drive the  Market Growth

Introduction

The global sodium dichromate market is presently in the maturity phase and is expected to witness a substantial growth owing to its rising demand across Europe and Asia-Pacific. The growth of the textile industry is a significant factor in driving the market growth. Sodium dichromate is extensively used in the production of pigments, which is further used to produce stable colors for the textile sector. The rising working populace is subsequently increasing the demand for packaged and on-the-go food. Sodium dichromate is used in the production of flexible packaging as it aids in increasing the shelf-life.

Impact of Covid-19

The COVID-19 pandemic has compelled the industrialists and companies to halt the production and operations, disrupting the supply chain. The chemicals industry is negatively impacted by the outbreak as the production has to be on-site, which has been disrupted due to lockdown imposed by the government. Additionally, the profit margins of the chemical manufacturers are expected to decline due to decelerating lower chemical demand, further hampering the market growth. 

Key Highlights

• The sodium dichromate market is expected to grow at a lucrative CAGR of xx% owing to its importance as a crucial intermediate for manufacturing various raw materials.
• The pigments sector is projected to hold the highest market share as most of the sodium dichromate produced is invested in the production of chromium pigments
• Europe is expected to dominate the market on account of favorable government regulations and increasing approvals for the consumption of sodium dichromate

Competitive Players

1. Elementis (US)
2. Soda Sanayii (TR)
3. Aktyuninsk (KZ)
4. Lanxess (ZA)
5. Vishnu Chem (IN)
6. NPCC (RU)
7. Nippon Chem (JP)
8. Yinhe Group (CN)
9. Zhenhua Chem (CN)
10. Minfeng Chem (CN)
11. Sing Horn (CN)
12. Dongzheng Chem (CN)
13. Hebei Chrome-Chem (CN)
14. Peace Chem (CN)
15. Jinshi Chem (CN)
16. Mingyang Chem (CN)

Recent Developments

• July 2024- Elementis plc has made a notable advancement in the coatings sector by expanding its manufacturing of NiSAT (Non-Ionic Synthetic Associative Thickeners) technology in China. This strategic project aims to provide the Chinese architectural market and other markets with both high performance and environmentally friendly features.
• March 2024- Elementis has expanded its product portfolio by introducing three new additions to the RHEOLATE IF series, namely RHEOLATE 644 IF, RHEOLATE 655 IF, and RHEOLATE 666 IF. These new products are isothiazoline free. This increase improves the spectrum of rheology profiles, hence satisfying the diverse application requirements of the coatings industry.

Segmentation

1. By Type
   1. Calcium Roasting
   2. Other
   3. Calcium-Free Roasting
2. By Applications
   1. Metal Finishing
   2. Pigments
   3. Wood Preservative
   4. Leather Tanning
   5. Others