Global Sodium Ferrocyanide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sodium Ferrocyanide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sodium Ferrocyanide is an inorganic compound with the chemical formula Na4Fe(CN)6. Sometimes called yellow prussiate of soda. It is a yellow crystalline solid, easily soluble in water, hardly soluble in alcohol, and has no fixed melting point.

Market Overview:

The latest research study on the global Sodium Ferrocyanide market finds that the global Sodium Ferrocyanide market reached a value of USD 66.02 million in 2022. It’s expected that the market will achieve USD 95.69 million by 2028, exhibiting a CAGR of 6.38% during the forecast period.

Market Challenges

Sodium ferrocyanide is a developing industry, and the market is driven by downstream market demand. The industry continues to develop. However, some factors hinder the development of the industry and pose a challenge to the development of manufacturers in the industry.
Production cost is one of the factors restricting the development of the industry. At present, the production cost of sodium ferrocyanide is relatively high, and it is a challenge for manufacturers to solve the problem of production cost. It is recommended that manufacturers and R&D organizations increase R&D efforts and conduct research on the production process and production methods of the product.
Expanding the market is a challenge for manufacturers in the sodium ferrocyanide industry. Relatively speaking, the market for sodium ferrocyanide has great limitations. Manufacturers are increasing R&D investment to expand the downstream applications of sodium ferrocyanide. In a short period of time, expanding the sodium ferrocyanide market will be a challenge for manufacturers.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Sichuan Chemical is one of the major players operating in the Sodium Ferrocyanide market, holding a share of 33.69% in 2021.

Sichuan Chemical is a state-owned high-tech enterprise mainly engaged in scientific research and development, production and management, trade and technical services in the fields of pesticides, pesticide intermediates, fine chemicals and inorganic chemicals.

Ziguang Chemical is an enterprise mainly engaged in the research and development, production and sales of hydrocyanic acid and its derivatives. The company has now developed to more than 20 products, forming a scientific and close product chain. The leading product is fine chemical intermediates, and it has realized the independent matching of bulk raw materials, and the overall technical level has reached the domestic leading and international advanced. The main products include iminodiacetonitrile, anilinoacetonitrile, trimethyl orthoformate, and 4,6-dihydroxypyrimidine.

Segmentation Overview:

Among different product types, Industrial Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Painting and Ink segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Sodium Ferrocyanide market covered in Chapter 3:

Sichuan Chemical
Jinxi Meihua
GACL
Chengxin Yongan
Ziguang Chemical
Heibei Chengxin
Changzhou Xudong
Kun Lun
Anshan Beida
Sincere - Chem
Hindusthan

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Ferrocyanide market from 2018 to 2029 is primarily split into:

Food Grade
Industrial Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Ferrocyanide market from 2018 to 2029 covers:

Painting and Ink
Salt anti-caking Agent
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)