Report Code: A08674 | Pages: 350 | Sep 2021 | 4337 Views | ||
Author(s) : Yamini P , Eswara P | Tables: 202 | Charts: 66 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sodium Sulphate Market
Request Now !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of sodium sulphate was known as LeBlanc process, however, with technological advancement the LeBlanc process has been replaced by Solvay process.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.
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.
By form, the salt cake segment dominated the market growth in 2020 and projected to grow at higher CAGR during the forecast period.
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.
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
Key Benefits For Stakeholders
Sodium Sulphate Market Report Highlights
Aspects | Details |
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BY PRODUCT |
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BY FORM |
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BY REGION |
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Key Market Players | MERCK, ECOBAT TECHNOLOGIES LTD, GODAVARI BIOREFINERIES LTD., THE ADITYA BIRLA GROUP, Borden & Remington Corp., Intersac, Nippon Chemical Industrial Co., Atul Limited, TCI Chemicals, Lenzing AG |
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The sodium sulphate market is highly competitive in nature. The growth of the market can be mainly attributed to the increase in use of the salt as a raw material in manufacturing of various products, including soaps & detergents, and glass, as well as in the Kraft process for paper pulping. Rise in demand for wooden and paper products has accelerated the growth of the pulp & paper industry globally. The utilization of natural resources to produce sodium sulphate in countries including China, Canada, and the U.S. owing to the popularity of natural product production process is expected to drive the sodium sulphate market share. However, with continuous product innovation, the demand for powder detergent is restrained by rise in demand of liquid and gel-based detergents which do not require fillers, thus affecting the growth of the sodium sulphate market.
A. Sodium sulphate is widely used in the production of different types of chemicals, home laundry detergents, and in paper pulping processes which is projected to augment the market growth.
A. The market share of Sodium Sulphate market $1.0 billion in 2020.
A. The rising use in pulp & paper industry has also led to rise in demand of sodium sulphate in-addition with glass segment.
A. Asia-Pacific will provide more business opportunities for Sodium Sulphate market in future.
A. Business expansion and acquisition are the key growth strategies of Sodium Sulphate market players.
A. The leading players in the market are 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.
A. Natural segment based on application holds the maximum market share of the Sodium Sulphate market.
A. Soaps & detergents and paper & pulp sectors are the potential customers of Sodium Sulphate industry.
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