Global Sodium Dichromate Sales Market Report 2023

Sodium Dichromate Market Outlook - 2029

Due to the COVID-19 pandemic, the global Sodium Dichromate market size is estimated to be worth US$ 1207 million in 2022 and is forecast to a readjusted size of US$ 1705.2 million by 2029 with a CAGR of 5.0% during the forecast period 2023-2029.

The sodium dichromate market is primarily being driven by a number of reasons, including rising demand for chemicals in the production of colored glasses and ceramic glazes, rising use in pigment applications, and rising use as a color moderator in the paint and dye sector. Over the course of the forecast period, the sodium dichromate market is anticipated to benefit from rising consumption of sodium dichromate in the construction and metal finishing industries as well as rising populations and disposable income in various emerging economies, including Brazil, China, India, and South Asian nations. 

Sodium dichromate is the inorganic compound with the formula Na2Cr2O7. Usually, the salt is handled as its dihydrate Na2Cr2O7·2H2O. Virtually all chromium ore is processed via conversion to sodium dichromate and virtually all compounds and materials based on chromium are prepared from this salt. In terms of reactivity and appearance, sodium dichromate and potassium dichromate are very similar.

Sodium Dichromate Market Trends

The developing nations' booming demand for pigments from the textile and infrastructure sectors is anticipated to propel the market growth for sodium dichromate. Due to the fact that it increases the shelf life of packaged goods, its use in flexible packaging has increased during the past several years. The demand for the product in the leather sector has increased due to rising per capita income and shifting fashion trends. This factor is expected to drive the growth of the sodium dichromate market.

The value of tanning—namely, the extension of the product's shelf life—has been recognized by leather producers all over the world. These elements have caused manufacturers to favor sodium dichromate. Many industries, including aerospace, automotive, electrical, and defense, are using more sodium dichromate to make metal surfaces resistant to corrosion. Due to its capacity to increase the lifespan of wood, its use in wood preservatives is growing. The use of wood preservatives in a variety of applications, including utility fences, decking, and infrastructure, is expected to increase demand for them. Furthermore, companies using chromium compounds to make chemicals are driving up demand for the product globally.

Increasing per capita income and shifting fashion trends that have increased demand for the product in the leather industry are the main factors driving sodium dichromate market demand. Additionally, the market for sodium dichromate will see various growth prospects due to the rapid industrialization and expanding application scope in numerous sectors, including aerospace, automotive, electrical, and military to make the surface of metal corrosion-resistant.

Sodium Dichromate Market Scope and Market Size

With a market share of roughly 35%, China leads all other producers of sodium dichromate, followed by the CIS, North America, etc. The top five producers in the sector are Elementis, Soda Sanayii, Lanxess, Yinhe Group, and Minfeng Chem, with a combined market share of almost 50%.

Sodium Dichromate Market Segment By Type

• Calcium-Free Roasting
• Calcium Roasting
• Others

Sodium Dichromate Market Segment By Application

• Preparing Chromium Compounds
• Leather Tanning
• Pigment
• Others

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Other Regions

Key Companies

• Elementis (US)
• Soda Sanayii (TR)
• Aktyuninsk (KZ)
• Lanxess (ZA)
• Vishnu Chem (IN)
• NPCC (RU)
• Nipon Chem (JP)
• Yinhe Group (CN)
• Zhenhua Chem (CN)
• Minfeng Chem (CN)
• Sing Horn (CN)
• Dongzheng Chem (CN)
• Hebei Chrome-Chem (CN)
• Peace Chem (CN)
• Jinshi Chem (CN)
• Mingyang Chem (CN)

Scope of Sodium Dichromate Market Report