The insurance powder market is highly concentrated and the market size exceeds 2 billion yuan

Insurance powder, chemical name is sodium dithionite (Na2S2O4), is a white sandy crystal or light yellow powder chemical. Insurance powder is a dangerous chemical that is flammable when exposed to moisture. It is insoluble in ethanol and soluble in sodium hydroxide solution. It will react strongly and burn when exposed to water.

Insurance powder has extremely strong reducing properties and is mainly used as reducing agent and bleaching agent. It is widely used in the production of textiles, papermaking, food, medicine, kaolin and other fields. With the steady development of downstream fields such as food and textiles, the demand for insurance powder products in China has steadily increased, and the market size has continued to expand. According to the “2022-2026 Insurance Powder Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, in 2021 The size of China’s insurance powder market exceeds 2 billion yuan.

Abroad, South Korea, India, and Germany are the main insurance powder production areas at this stage. Representative companies include BASF, Hansong, TRANSPEX, etc., especially BASF, which has researched insurance powder earlier, has rich production experience, strong technology research and development capabilities, and product Market competitiveness is high.

Domestic insurance powder developed earlier. Due to factors such as overcapacity, intensified market competition, and stricter environmental protection, some companies have gradually withdrawn from the insurance powder industry. At this stage, there are not many domestic insurance powder companies, and the market concentration is high.

Industry analysts said that according to different production scales, my country’s insurance powder companies can be divided into three major competitive echelons: First echelon companies Including China Salt Anhui Red Sifang Co., Ltd., Shandong Jinhe Industrial Group Co., Ltd., Hubei Yihua Chemical Co., Ltd., and Maoming Guangdi Chemical Co., Ltd., their insurance powder production capacity is 100,000 tons/year, occupying a large share in the country. Part of the market share; the second tier includes Zhejiang Runtu Co., Ltd. and Jiangxi Hong’an Chemical Co., Ltd., both of which have an insurance powder production capacity of 50,000 tons/year; the third tier of companies is smaller in scale and has a low operating rate. Due to blind expansion in the early stage, the domestic insurance powder industry currently has overcapacity and market competition is fierce.