[email protected] +1 646 480 7505 (U.S.) | +44 203 318 2846 (U.K.)
Covid-19

COVID-19

Understand the influence of COVID-19 on the Sodium Dichromate Market with our analysts monitoring the situation across the globe.

Market Overview

In the last few years, the chromium chemicals, such as sodium dichromate, has been witnessing a significant surge in demand, especially Asia-Pacific and Europe. Sodium dichromate is a strong oxidizing agent extensively used in metal passivation across several industrial verticals, including pigments and coatings, screen printing in photographic engraving, electroplating, pyrotechnics, colored glass, and ceramic glaze, and explosives. The substance produces chromium vapors that are used to make pigments and other raw materials. Chromium compounds are also used in metal treatments, drilling muds, and wood preservatives.

Textile Industry: A Leading Contributor to the Sodium Dichromate Market

In the emerging countries, rising demand for pigments from infrastructure and textile industries drive the market growth as a massive amount of sodium dichromate is used for manufacturing pigments. As per the Indian Brand Equity Foundation, the textile industry in India is projected to reach over USD 250 billion by 2020. Debouching fashion trends, increasing disposable income, and rising standard of living provide an impetus to the market growth. Sodium dichromate is also used in aerospace, construction, automotive, and electronics industries, further driving the market growth.

Novel Application of Sodium Dichromate to Drive the Market Growth

The demand for sodium dichromate is anticipated to boost during the forecast period strongly backed by its applications as a significant intermediate in many industrial raw materials. Sodium dichromate is corrosion resistant and is extensively used in metal finishing, aeronautics, automotive, electrical, and defense sectors. Several industrialists are using sodium dichromate in flexible packaging to extend the shelf life of the packaged products, further bolstering the market growth. Moreover, sodium dichromate has been witnessing a significant surge in demand from the leather manufacturing industries as it assists in the tanning process and increasing shelf-life.  The compound has the ability to extend the shelf-life of the wood, which is why it is extensively used in wood preservatives.

Sodium Dichromate Market: Segmentation

Shifting Customer Preference towards Architectural Housing Drives the Pigments Segment Growth

Sodium dichromate is extensively used in the production of pigments as they have the capacity to produce a range of stable colors. It finds application in textile and industrial coating industries. Growing industrialization is subsequently increasing the consumption of paints and coatings, further driving the market growth. Increasing the standard of living and shifting customer preference towards architectural housing and aesthetic appeal drives the segment growth. Apart from this, sodium dichromate is used in metal components manufacturing industries for its corrosion-resistant properties.  The rapid expansion of the automobile industry is subsequently   driving the demand for metal components and auto parts  

Regional Overview

North America’s Rising Demand for Wood in Commercial and Residential Sectors

North America is projected to witness significant growth in the sodium dichromate market. The U.S. Environmental Protection Agency has imposed national emission standards for sodium dichromate due to negative health impacts. Rising demand for wood in commercial and residential sectors drive the market growth. As per the report published by the United States Department of Agriculture (USDA), on average, new residential construction accounts for about one-third (50%) of all the wood products used in the U.S. annually, further rising the demand of sodium dichromate.  

Europe to Witness Significant Growth in the Sodium Dichromate Market

Europe is projected to witness significant growth in the sodium dichromate market on account of the approval of the European Union for the use of sodium dichromate in conversion coating and passivation. The advent of novel printing technology such as RGB and flourishing metal and automobile industries provide an impetus to the market growth. As per the statistics published by the Observatory Economic Complexity (OEC), Europe accounts for 50% of the imports of sodium dichromate, followed by Asia. The below-mentioned info-graph depicts the share of top regions importing sodium dichromate for the year 2018.

the-share-of-top-regions-importing-sodium-dichromateChina Holds the Largest Share in the Sodium Dichromate Market

In Asia-Pacific, China holds the largest market share on account of the rising adoption of eco-friendly products, such as pigments, the presence of well-establishing infrastructure, and rapid industrialization. However, fluctuating cost and demand for sodium dichromate might hamper the regional market growth.   

Export Analysis- Global Sodium Dichromate Market

Top-Exports-of-Sodium Dichromate

As mentioned above South Africa maintains the top position in the exports of sodium dichromate with the export value of USD 46.4 million, followed by Kazakhstan with export value reaching USD 42.5 million.

Regulatory Landscape

Growing environmental concerns have compelled the governments of various countries to implement stringent laws and regulations on the use of chemicals. Sodium dichromate is identified as a dangerous element causing severe damage to humans and animals on exposure. In Europe, on March 16, 2018, the forum for enforcement launched a new third pilot-scale project on the approval of chromium VI compounds and several other substances. Under this project, the substance will be subjected to check if it is used according to a valid authorization.

On March 23, 2018, the European Commission granted three authorizations for sodium dichromate. The substance has been granted to apply as a corrosion inhibitor in the ammonia absorption cooling system, utilized in the commercial production of freeze-dried products such as spices, herbs, coffee, and comparable products.

Key Players

  • LANXESS, Soda Sanayii A.S.
  • Vishnu Chemicals
  • Sichuan Chemical Group Co., Ltd.
  • Haining Peace Chemical Co., Ltd
  • Gansu Qiyuan Chromate-Chemical Production Co., Limited
  • Tianjin Mingyang Chemical Industry Co., Ltd
  • Elementis plc
  • Nippon Chemi-Con Corporation
  • Yin He Holdings Limited

Recent Development

On December 18, 2017, LANXESS s raised the prices for sodium dichromate by 20% to continue the long-term supply security for its end-users

Sodium Dichromate Market: Segmentation

By Application

  • Wood preservatives
  • Leather tanning
  • Metal finishing
  • Pigments

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle-East and Africa

Frequently Asked Questions (FAQs)

Growing industrialization, increasing the consumption of paints, and coatings are the key factors expected to drive Sodium Dichromate Market during the forecast period.
LANXESS, Soda Sanayii A.S., Vishnu Chemicals, Sichuan Chemical Group Co., Ltd., Haining Peace Chemical Co., Ltd, Tianjin Mingyang Chemical Industry Co., Ltd, Elementis plc, Nippon Chemi-Con Corporation are the top players in Sodium Dichromate Market.
Europe is expected to hold the highest market share in Sodium Dichromate Market.
Pigments Application Segment is expected to be the leading segment in Sodium Dichromate Market during the forecast period.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.


Request For Free Sample
Choose license Type

Buy Chapters or Sections

Avail customized purchase option to meet your exact research needs:

1)Buy sections of the report
2)Buy country level report
3)Request for historical data

Request a Free Sample   Special Pricing
Related Reports