Sodium Sulfate Market: Introduction
Transparency Market Research delivers key insights on the global sodium sulfate market. In terms of revenue, the global sodium sulfate market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global sodium sulfate market.
The global sodium sulfate market is broadly affected by several factors, including usage of sodium sulfate in detergents. Thus, increase in applications of sodium sulfate in detergents is propelling the global sodium sulfate market.
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Sodium Sulfate Market: Dynamics
Sodium sulfate is a chemical compound that can be found as a mineral in nature. The demand for sodium sulfate has been increasing in detergent applications. This is expected to boost the sodium sulfate market during the forecast period.
Sodium sulfate, when used as a filler in detergent powder, enables the adjustment of the concentration of the active matter in detergents, as required. It is added to make the detergent powder flow freely. Without it, the detergent would stick together and become one big block. The usage of sodium sulfate can also help reduce the cost of detergent powder. It is largely used as filler in powdered home laundry detergents. This use is waning, as domestic consumers are increasingly switching to compact or liquid detergents that do not include sodium sulfate.
Sodium sulfate is used as finning agent in the manufacture of glass, as it helps refrain bubble formation by picking up the scums. Led by continuous technological advancements, sodium sulfate is also being used in solar energy storage. Sodium sulfate needs high amount of energy to change from solid to liquid form. This highlights its property of more storage of energy for any particular mass. Rise in demand for solar energy is expected to propel the sodium sulfate market.
There exists a lack of awareness regarding the benefits and applications of sodium sulfate in many developing and underdeveloped countries. Convincing buyers in these countries to purchase the product is a challenge for producers and distributors of sodium sulfate. Major factors restraining the demand for synthetic sodium sulfate include high R&D costs and extensive research required to generate new products.
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Sodium Sulfate Market: Prominent Regions
In terms of value, the sodium sulfate market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to increase in demand for products such as soaps, detergents, paper, and glass to cater to the booming population in the region. Emerging countries in the region, such as China, India, and Vietnam are contributing significantly to the sodium sulfate market, owing to the rising awareness related to hygiene, adoption of Western culture, increasing affordability, and growing population.
The sodium sulfate market in North America is projected to expand substantially in the near future. Rise in technological advancements and use of sodium sulfate in new technological developments such as solar energy are estimated to boost the market in the region during the forecast period.
Europe accounts for a significant share of the global sodium sulfate market. Increase in demand for export of sodium sulfate-containing products, especially for making pulp and paper, is propelling the market in the region.
Sodium Sulfate Market: Key Players
The global sodium sulfate market is fragmented with the presence of a large number of players. Key players operating in the global sodium sulfate market are ECOBAT Technologies Ltd, Godavari Biorefineries Ltd, The Aditya Birla Group, Borden & Remington Corp, Intersac, JSC Kuchuksulfate, S.A.U. SULQUISA, Alkim Alkali Kimya, Lenzing AG, Hunan Xiangheng Salt Chemical Co. Ltd, MINERA DE SANTA MARTA S.A., Saskatchewan Mining and Minerals Inc., Cordenka GmbH & Co. KG, GRUPO INDUSTRIAL CRIMIDESA S.L., Elementis plc, and Nafine Chemical Industry Group Co. Ltd.
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