Global Sodium Sulphate Market size worth above USD 1,335 million by 2027
Published Date: April 20, 2021 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights Inc., the Sodium Sulphate market size is set to surpass USD 1,335 million by 2027.
The product is a neutral salt and an inorganic compound which is widely used in kraft process of paper pulping and manufacture of detergents. It is used as leveling agent in textile materials for even dyeing process. Furthermore, it offers non-corrosive property to vessels used in dyeing process in textile industry. Also, it is used in refining process of glass melt.
Lack of natural resources for manufacturing of sodium sulphate should augment synthetic product demand
Synthetic product witnessed a consumption of over 4,300 tons in 2020, which is expected to witness significant gains by end of 2027. The synthetic product is produced as by product during various chemical production process of chemicals including boric acid, ascorbic acid, cellulose and silica pigments. The lack of natural resources around the world to produce sodium sulphates is expected to drive synthetic product demand from laboratory and factory production.
In soaps and detergents, synthetic type of the product is used as filler agent and pH neutralizer which represents substantial growth opportunities for the sodium sulphate market growth. Commercialization of the product has increased as manufacturers are focusing on monetizing the by-products obtained from chemical manufacturing which shall accelerate market growth. There are limited number of suppliers dealing with natural product type which should lead to synthetic product demand.
“As per industry forecast, synthetic product should register over 4.5% gains by 2027, pertaining to production of synthetic product from various chemical manufacturing process”
Browse key industry insights spread across 200 pages with 172 market data tables and 39 figures & charts from the report, “Sodium Sulphate Market by Product (Natural, Synthetic), By Application (Soaps & Detergents, Concrete, Textile, Glass, Kraft Pulp, Bath Additives) Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021– 2027” in detail along with the table of contents:
Increasing investments in infrastructure have accelerated demand for high quality concrete
Concrete applications should exceed USD 40 million by 2027. It is used in cement to stimulate cement hydration and provides higher compressive strength. The product is used in concrete to decrease the setting time of fresh paste and improving the concrete fluidity which is important for proper mixing and transportation of concrete. The rising urban population in populated countries including India, China and Brazil is anticipated to boost housing market.
There has been rise in residential and commercial construction activities in developing nations owing to rising populations and investments in infrastructure. Rise in consumption of cement has proliferated the demand for additives for enhancing the quality of finished product and improving fluidity with low alkali content. Growing government initiatives in infrastructure has led to increased cement consumption and is likely to augment the sodium sulphate market share.
“As per industry forecasts, concrete application should register gains over 3.95% by 2027, pertaining to increasing investments in infrastructure”
Growing demand for textile materials should drive product demand in Asia Pacific
Asia Pacific should exceed USD 485 million up to 2027 and is anticipated to achieve significant growth in the forecasted period. The rise in the population has been a crucial factor for textile industry growth in Asia Pacific region. The product is used in textile industry as reactive dyeing agent which enhances the affinity of the dyestuff towards the fiber for improving the dyeing process. Growth in demand for fabrics and cloths have accelerated use of dyes in textile industry thereby accelerating market growth. The rising consumer spending on clothing according to changing fashion trend represents healthy growth opportunities for market growth.
The product is used as catalyst for facilitating dyeing process and reduces negative charges on fabrics which lowers dye solubility and boost dyeing of textile materials. Expanding online sales channels has been a driving factor of apparel and textile industry in Asia Pacific region. The fiber production in India has increased from 1.40 million tons in 2018 to 1.60 million tons in 2019. Rising fiber production along with favorable demographics should foment the sodium sulphate market growth.
“As per market estimates, Asia Pacific should register over 4.8% gains by 2027, pertaining to changing consumer clothing preferences according to fashion trends”
The global sodium sulphate industry share is competitive and comprises various companies including Nippon Chemical Industrial Co., Elementis Plc., Lenzing AG, Shikoku Chemicals Corporation, Atul Limited, Nikunj Chemicals, Cooper Natural resurces Inc, Searles valley minerals, Sigma Aldrich and TCI Chemicals. Companies are focused on strategic initiatives such as acquisitions, new product launch, innovative product solutions and partnerships for increasing production volume, and expanding their global reach.