According to research by Future Market Insights, The Sodium ferrocyanide market is anticipated to expand at a CAGR of 5.80%during the forecasted period. According to Forecasts, the market would be worth USD 137.8 Million by 2033, up from USD 78.4Million in 2023.
| Attributes | Details |
|---|---|
| Market size value in 2023 | USD 78.4 Million |
| Market forecast value in 2033 | USD 137.8 Million |
| Forecast period | 2023 to 2033 |
| Global growth rate (CAGR) | 5.80% |
| Share of Germany in The Sodium ferrocyanide Market | 29.60% |
The sodium salt of harmonization chemical is sodium ferrocyanide. Yellow prussiate of soda is another name for sodium ferrocyanide. The golden crystal is water soluble but insoluble in alcohol. In the European Union, sodium ferrocyanide is known as E535 and is a chemical stabilizer.
As an anticaking agent, sodium ferrocyanide is added to food grade and road salt. Anticaking agents are added to powdered items to facilitate packaging, consumption, and transportation.
When coupled with iron, the combination produces Prussian blue, a dark blue pigment. Which are used as a stabilizer for welding rod coating. Sodium ferrocyanide is used in the petroleum sector to remove mercaptans. Industrially, sodium ferrocyanide is made from ferrous chloride, hydrogen cyanide, and calcium hydroxide.
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According to Future Market Insights, the Sodium ferrocyanide market was growing at a CAGR of 5.20% to reach USD 678.2 million in 2022 from USD 553.7 million in 2018.
The key driver of global sodium ferrocyanide sales is the compound's use as an anticaking agent in salt, as well as its use in feed because it is safe for target animals and human consumption.
North America is the leader in the global market for sodium ferrocyanide, a salt of ferrocyanide and sodium. With an estimated 39% share of total production, North America has been dominating the market for several years. Sodium ferrocyanide is primarily used as a preservative and stabilizing agent in food products and beverages, making it an attractive option for many companies in this industry.
The factors that contribute to North America’s strong presence in the sodium ferrocyanide market include its large food processing industry and its consumption of various products that contain sodium ferrocyanide as an additive. This high demand allows manufacturers to produce large amounts of product for sale at competitive prices, helping them stay ahead of competitors around the world.
Europe is an attractive market for Sodium ferrocyanide, a chemical compound used in a variety of industries. This mineral is used to produce various products such as leather, textiles, rubber, plastics and even food additives. The abundance of raw materials and access to specialized production facilities make it an ideal destination for manufacturers of this compound looking to expand their operations.
The European Union (EU) offers numerous advantages which makes the region especially appealing to companies that rely on Sodium ferrocyanide.
From harmonized regulations across all 28 member states ensuring safety standards are met, access to the common market without tariffs or quotas, and a highly skilled workforce with advanced technological capabilities; Europe provides manufacturers with many incentives to set up shop in the region.
The Asia Pacific region is quickly emerging as a major player in the global Sodium Ferrocyanide market. Sodium ferrocyanide, or yellow prussiate of soda, is a chemical compound used in food processing and various industrial applications. The demand for this important ingredient is expected to increase significantly in the coming years due to its versatility and abundance of uses.
many nations within the Asia Pacific region are discovering new ways to take advantage of their natural resources and capitalize on opportunities within the sodium ferrocyanide market. Countries such as India, China and Indonesia are leading the way with investments into research and development regarding this important chemical compound.
These countries have already started making progress towards becoming more involved in international markets for sodium ferrocyanide production and distribution, which could help them become more competitive in pricing compared to other regions around the world.
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The personal care industry has become a major factor in the growth of the sodium ferrocyanide market. Sodium ferrocyanide, also known as yellow prussiate of soda, is a chemical compound with many applications across multiple industries. It’s used as an ingredient in cosmetics, hair and skin products, and other products related to personal care.
The increasing demand for cosmetics and haircare products provides more opportunities for sodium ferrocyanide to be used in these items. This compound helps create coloration and act as a preservative that increases product shelf life.
In addition, it can help reduce the risk of microbial contamination or break down any unwanted bacteria present in the product formulation. As the popularity of personal care products continues to grow, so does their demand for sodium ferrocyanide to create high-quality formulas for consumers.
The global sodium ferrocyanide market is expected to witness high growth in the near future. With a broad range of applications, sodium ferrocyanide has found its use as a flocculant, corrosion inhibitor and preservative in various industrial processes.
When considering by application, it is predicted that the category with maximum growth will be water treatment. This is due to its ability to remove harmful particles from water sources such as lakes and rivers, making it safer for consumption and other uses.
It also acts as an antifoam agent, which aids in reducing foam formation during wastewater treatment processes. In addition to this, its role as a bleaching agent helps improve the colour of textile fibres during dyeing operations.
Other industries where sodium ferrocyanide can find significant applications are rubber production and food processing industries.
The sodium ferrocyanide market is a highly competitive landscape with many key players vying for market share. Manufacturers are constantly competing to stay ahead of the curve, offering innovative products and services to meet customer needs.
Companies in this market are heavily investing in research and development activities to gain a better understanding of global trends and develop new products and technologies that can help them achieve a competitive advantage.
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| Attribute | Details |
|---|---|
| Forecast period | 2023 to 2033 |
| Historical data available for | 2018 to 2022 |
| Market analysis | USD million in value |
| Key regions covered | North America; Eastern Europe; Western Europe; Japan; South America; Asian pacific; Middle east and Africa |
| Key countries covered | USA, Germany, France, Italy, Canada, UK, Spain, China, India, Australia |
| Key segments covered | Application, Type, Distribution channel, Region |
| Key companies profiled | Jinxi Meihua; GACL; Ziguang Chemical; Chengxin Yongan; Sichuan Chemical; Sincere - Chem; Kun Lun; Evonik Industries AG; Kao Corpt; Changzhou Xudong; Heibei Chengxin; Hindusthan; Sichuan Chemical; Heibei Chengxin |
| Report coverage | Market Forecast, Company Share Analysis, DROT Analysis, Market Dynamics, Competitive Landscape, Challenges, Strategic Growth Initiatives |
| Customization and Pricing | Available upon request |
The Sodium ferrocyanide market size is assessed to USD 78.4Million in 2023.
The Sodium ferrocyanide market is expected to rise at a CAGR of 5.80%.
USA, China, Canada, Germany, China, India, UK, Australia are the major countries driving demand for Sodium ferrocyanide market.
China Sodium ferrocyanide market is projected to grow at a CAGR of around 5.20% over the next ten years.
Market share of Germany in Sodium ferrocyanide market is about 29.60% of the global market.
Jinxi Meihua, GACL, Ziguang Chemical, Chengxin Yongan, Sichuan Chemical, Sincere - Chem are expected to be the top players driving the market growth.
The global Sodium ferrocyanide market is forecasted to surpass USD 137.8 Million by the end of 2033.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Application 6.3. Distribution Channel 7. Global Market Analysis and Forecast, By Type 7.1. Food grade 7.2. Industrial 8. Global Market Analysis and Forecast, By Application 8.1. Blue pigments 8.2. Photography 8.3. Metal and leather 8.4. Dyeing industry 8.5. Blue print paper 8.6. Bio-chemical 8.7. Water treatment 9. Global Market Analysis and Forecast, By Distribution Channel 9.1. Online 9.2. Offline 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Asia Pacific 10.4. Eastern Europe 10.5. Western Europe 10.6. Japan 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Type, Application, and Distribution Channel for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Jinxi Meihua 19.2. GACL 19.3. Ziguang Chemical 19.4. Chengxin Yongan 19.5. Sichuan Chemical 19.6. Sincere - Chem 19.7. Kun Lun 19.8. Evonik Industries AG 19.9. Kao Corp 19.10. Changzhou Xudong 19.11. Heibei Chengxin 19.12. Hindusthan 19.13. Sichuan Chemical 19.14. Heibei Chengxin
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Sodium Ferrocyanide Market
