A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Sodium
Dichromate
market. The study,
titled “Sodium
Dichromate Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Sodium
dichromate is the most important chromium compound that is
used industrially, Sodium dichromate is the beginning material for
any chromium compounds in manufactured synthetically. The compound,
either directly or indirectly acts as an intermediate step for these
chromium compounds used industrially. The demand for chromium
compounds had witnessed gradual erosion owing to the environmental
threats of chromium. However the demand has recently improved owing
to huge demand from the Asia Pacific countries. The compound’s
indispensability in manufacturing of different chromium containing
compounds augurs well for the sodium dichromate market.
Get
Sample Of This Research Report At:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2528
Apart
from its use as a chemical intermediate sodium dichromate also has a
host of direct applications, where it is used to manufacture
different chemicals. One of the most notable direct uses of sodium
dichromate is in the metal finishing industry. The chemical helps the
metal surface to resist corrosion. It aids the cleaning of metal
surfaces and promotes paint adhesion to metals. It is used
extensively in the automotive and aeronautics industries for this
purpose. Another direct use of sodium dichromate is in the production
of organic products such as vitamin K and wax. This is a relatively
small application area for the chemical and it is used in the
capacity of an oxidizing agent in the manufacturing process.
Most
of the volume demand for sodium dichromate is derived from industries
where the compound is used as an intermediate to manufacture other
chromium containing chemicals. One of the most notable applications
of sodium dichromate is the production of chromium oxide which is
extensively used to manufacture pigments.
Chromate
pigments have the capacity to produce a range of light stable colors.
Some grades of sodium dichromate are also used as corrosion
inhibitors in undercoats and primers. It finds application in the
textile dyeing and printing industry as well. It is generally used as
a mordant for acidic dyes to improve color fastness on fabrics. Apart
from these applications it is used to manufacture colored glasses and
ceramic glazes. It is also an ingredient in the production on chrome
sulphate.
The
sodium dichromate market is essentially driven by its demand from the
paints and coatings market. Sodium dichromate is the intermediate
chemical to produce chromium oxide pigments and other chromium
pigments. Growth in building and construction has resulted in
increased demand for paints and coatings which in turn influences
sodium dichromate demand. This application accounts for the lion’s
share of the compound by demand and is the mainstay of the market.
However,
there are certain restraints to this market, which has resulted in
the slow growth rate of the market. Chromium is recognized as a
potentially dangerous element which causes severe damage to humans
and animals on exposure. It is classified as a human carcinogen and
can affect the respiratory tract, kidney, immune system as well as
the gastrointestinal system. The sodium dichromate market is at a
mature stage with very low threat from new entrants. In order to be
profitable in this market, economy of scale is necessary along with
high environment compliance cost. The number of buyers for the
product is also limited in this market.
Browse
The Full Research Report
At:http://www.transparencymarketresearch.com/sodium-dichromate-market.html
The
market is at maturity in North America and Europe and use of chromium
containing materials have decreased substantially over the years. The
highest demand for sodium dichromate is derived from Asia Pacific,
with China accounting for the highest demand growth. The price and
demand of the compound varies in different geographical locations.
Asia Pacific region is the largest consumer of sodium dichromate in
the world. The second largest consumer is Europe, mainly the eastern
countries.
Some
of the major players in the sodium dichromate market are Elementis
Chromium LP, Vishnu Chemicals, Tianjin Bohai Chemical Industry Group
and Gansu Jinshi Chemical Co., Ltd. among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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