Sodium Sulphate Market

Sodium Sulphate Market Outlook - 2021–2030

The global sodium sulphate market size was valued at $1.0 billion in 2020, and is projected to reach $1.6 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.

The sodium sulphate market was impacted by lock-downs and overall trade bans & restrictions owing to the pandemic. The market is expected to regain its positions with the travel bans being lifted and resuming trade activities.

Pure hydrous form of sodium sulphate is known as mirabilite which is a primary source for obtaining the anhydrous form of sodium sulphate. The conventional technology used by the manufacturer for preparation of sodium sulphate was known as LeBlanc process, however, with technological advancement the LeBlanc process has been replaced by Solvay process. Sodium sulphate is extensively used as laxative and finning agent across various industries.

Sodium sulphate is also used as finning agent in manufacturing of glass as it helps to refrain the bubble formation by picking up the scums. Moreover, with continuous technological advancements sodium sulphate is also been used in solar energy storage. Sodium sulphate needs high amount of energy to change from solid to liquid, which highlights its property for more storage of energy for any particular mass.

Hence, rise in demand for solar energy is expected to boost the growth of the market. Moreover, it is not recommended for people suffering from stomach and spleen disorders and also among elderly population. Hence, lack of warning labels by the manufacturer on products containing sodium sulphate is projected to hamper the growth of the sodium sulphate market

The sodium sulphate market is segmented on the basis of product, form, application, and region. Market players have adopted different key strategies to gain competitive advantage in this market. The key players profiled in this report include Sigma-Aldrich Co. LLC., ECOBAT Technologies Ltd, Godavari Biorefineries Ltd., The Aditya Birla Group, Borden & Remington Corp., Intersac, Nippon Chemical Industrial Co., Atul Limited, TCI Chemicals, and Lenzing AG.  

Sodium sulphate Market, by Product

By product, the market was dominated by natural product segment in year 2020 and has significant gains during the projected period. Rise in production output of pulp and paper industries have soared product demand which is projected to boost the growth of the natural product. 

Sodium sulphate Market, by Form

By form, the salt cake segment dominated the market growth in 2020 and projected to grow at higher CAGR during the forecast period. 

Sodium sulphate Market, by Application

By application, the soaps & detergents segment generated the highest demand in 2020 attributed to its properties, which enable detergent powder to flow freely. Sodium sulphate is used as a filler in detergent powder that enables the adjustment of the concentration of the active matter in the powder, as required. 

Sodium sulphate Market, by region

By region, Asia-Pacific dominated the market in 2020 and is expected to continue to grow at a higher pace during the forecast period, which is majorly attributed to high consumption of the product in China for various applications, majorly soaps & detergents and textiles. 

Covid-19 Impact Analysis 

• The unfavorable global effects of the coronavirus are already evident and have impacted the demand for sodium sulphate in 2020. 
• The World Health Organization declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and has resulted in massive deaths all across the world. Exports & imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
• The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already declined development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis. 

Key Benefits For Stakeholders

• The report provides an in-depth analysis and sodium sulphate market forecast along with the current and future market trends.
• This report highlights the key drivers, opportunities, and restraints of the sodium sulphate market along with the impact analyses during the forecast period.
• Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the sodium sulphate industry for strategy building.
• A comprehensive analysis of the factors that drive and restrain the sodium sulphate market growth is provided.
• The qualitative data in this report aims on sodium sulphate market trends, dynamics, and developments.
• The sodium sulphate market size is provided in terms of revenue.

 Sodium Sulphate Market Report Highlights