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 US$ 137.8 Million by 2033, up from US$ 78.4Million in 2023.
Attributes
Details
Market size value in 2023
US$ 78.4 Million
Market forecast value in 2033
US$ 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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Historical outlook Vs Future forecasts for Sodium ferrocyanide
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.
Country wise insights
How North America Holds the Largest Market Share in The Sodium ferrocyanide market?
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.
What makes Europe an Attractive Market for The Sodium ferrocyanide?
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.
Why is Asia Pacific Emerging as an Opportunistic The Sodium ferrocyanide Market?
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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Category wise insights
How is the Personal care Industry Supporting Growth of the Sodium ferrocyanide Market?
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.
By Application, which Category will experience Maximum the Sodium ferrocyanide growth?
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.
Competitive landscape
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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These are some of the major players in the Sodium ferrocyanide market
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
Sodium ferrocyanide market report scope
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
Sodium ferrocyanide market segmentation
By Type:
Food grade
Industrial
By Application:
Blue pigments
Photography
metal and leather
Dyeing industry
blue print paper
Bio-chemical
Water treatment
By distribution channel:
Online
Offline
By region:
north America
Latin America
Asia pacific
eastern Europe
western Europe
Japan
Frequently Asked Questions
How big is the Sodium ferrocyanide market?
The Sodium ferrocyanide market size is assessed to US$ 78.4Million in 2023.
At What Rate is Sodium ferrocyanide market expected to rise?
The Sodium ferrocyanide market is expected to rise at a CAGR of 5.80%.
Which are the major countries driving demand for Sodium ferrocyanide market?
USA, China, Canada, Germany, China, India, UK, Australia are the major countries driving demand for Sodium ferrocyanide market.
At what rate will the China Sodium ferrocyanide market grow?
China Sodium ferrocyanide market is projected to grow at a CAGR of around 5.20% over the next ten years.
What is the market share of Germany Sodium ferrocyanide market?
Market share of Germany in Sodium ferrocyanide market is about 29.60% of the global market.
Who are the top 5 players operating in the market?
Jinxi Meihua, GACL, Ziguang Chemical, Chengxin Yongan, Sichuan Chemical, Sincere - Chem are expected to be the top players driving the market growth.
What is the demand outlook forecast for the Sodium ferrocyanide market?
The global Sodium ferrocyanide market is forecasted to surpass US$ 137.8 Million by the end of 2033.
