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.
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Sodium Dichromate Market: Segmentation
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now