Market Overview
Sodium dichromate goes about as a mode for delivering other chromium compounds. It is utilized for creating chromic anhydride, potassium dichromate, and aluminum dichromate among others. It is utilized as a stringent in coloring on textures to build the colorfastness. Rising interest for shades in bundling and coloring area is required to drive the market inferable from the capacity to deliver an immense scope of tones. It has been progressively utilized in the car, development, electrical and aviation businesses to give safe covering to the outside of the metal. Developing utilization of sodium dichromate in metal completing because of its capacity as an erosion inhibitor is required to add to the market development decidedly. Rising per capita pay and change in style have expanded the interest for the cowhide items. Wood additives are by and large progressively utilized for expanding the life expectancy of wood items in different applications, for example, decking, utility fencing, and farming. Furthermore, expanding utilization of wood additives by furniture and development industry is likewise impelling the market development. Flooding interest for the item in Asia Pacific district, particularly in arising economies, for example, India and china because of quick industrialization is driving the market development.
Competitive Analysis
Major players in the global Sodium Dichromate Industry are Soda Sanayii (Turkey), Elementis plc (UK), Vishnu Chemicals (India), Lanxess (Germany), Nippon Chemi-Con Corporation (Japan), Yin He Holdings Limited (Hong Kong), Sichuan Chemical Group Co., Ltd (China), Haining Peace Chemical Co., Ltd (China), Gansu Qiyuan Chromate-Chemical Production Co., Limited (China), Tianjin Mingyang Chemistry Industry Co., Ltd (China).
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Market Segmentation
The global sodium dichromate market is segmented on the basis of application and region.
By the application, the market is segmented into metal finishing, pigments, wood preservatives, leather tanning, and others.
Regional Analysis
The global sodium dichromate market includes five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the leading region in this market owing to increasing usage of the pigments in textile, dye and paints sector. Surging demand for pigments in China and India owing to need for high-quality products is likely to bolster market growth. Increasing sodium dichromate usage in wood preservatives is slated to boost regional market growth in North America. Companies using chromium in wood preservatives have to enroll themselves with the U.S. Environmental Agency (EPA) due to the harmful impact of chromium on the environment and human health, which may restrict the market growth to some extent.
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