Global Sodium Sulfate Market Size By Type (Synthetic and Natural), By Geographic Scope And Forecast

Sodium Sulfate Market Size And Forecast

Sodium Sulfate Market size was valued at USD 1,083.38 Million in 2020 and is projected to reach USD 1,469.52 Million by 2028, growing at a CAGR of 4.20 % from 2021 to 2028.

Broad applications of sodium sulfate in various industries along with its availability in three different forms fueling the market growth of the Sodium Sulfate Market. Furthermore, sodium sulfate is widely used as a laxative thus, it is used in different medical procedures such as colonoscopy, fining agent in the glass industry, as an additive in the detergent industry, and as an economic to produce, driving the market growth of sodium sulfate. The Global Sodium Sulfate Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Sodium Sulfate Market Definition

Sodium sulfate is defined as the sodium salt of sulfuric acid. The sodium sulphate chemical formula is Na2SO4. Anhydrous sulfate can be described as crystalline solid white, also called mineral thenardite, and, decahydrate Na2SO4.10H2O is called mirabilis or Glauber salt.

Sodium sulfate is an inorganic compound that is available in three different forms. Dehydrates sodium sulfate is widely used in the chemical industry, also known as Glauber’s salt. Heptahydrates sodium sulfate which is available in a very rare form and anhydrous sodium sulfate, also called as rare mineral thenardite, mostly used as drying agent in organic synthesis. Sodium sulfate is used in various industries such as wood pulp , in glass industry as fining agent, in textile industry for leveling and in food industry as diluent for food color.

Global Sodium Sulfate Market Overview

The increasing demand from the construction industry with its significant demand in engineering projects is uplifting the growing demand for the global Sodium Sulphate market. Also, the increase in the demand for powdered detergents in various regions is anticipated to increase the demand for the global Sodium Sulfate Market.

Lack of the warning labels by manufacturers on Sodium Sulphate is the restraining factor that is expected to hold the growth of the global Sodium Sulphate market. Shifting consumer preferences from powder to liquid detergents is also the market hindering factor for Sodium Sulphate.

Global Sodium Sulfate Market Segmentation Analysis

The Global Sodium Sulfate Market is segmented on the basis of Type, And Geography.

Sodium Sulfate Market, By Type

• Synthetic• Natural

Based on the Type, the market is bifurcated into Synthetic and Natural. Natural accounted for the largest market share of 66.63% in 2020, with a market value of USD 721.89 Million, and is projected to grow at the highest CAGR of 4.83% during the forecast period. Synthetic was the second-largest market in 2020, valued at USD 361.49 Million in 2020; it is projected to grow at a CAGR of 2.85%.

Sodium Sulfate Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Sodium Sulfate Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific accounted for the largest market share of 39.05% in 2020, with a market value of USD 423.08 Million and is projected to grow at a CAGR of 4.93% during the forecast period. North America was the second-largest market in 2020, valued at USD 295.39 Million in 2020; it is projected to grow at a CAGR of 4.34%. However, Europe is projected to grow at the highest CAGR of 3.24%.

Key Players

The “Global Sodium Sulfate Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alkim Alkali Kimya A.S., Thai Rayon (Aditya Birla Group), Grupo Industrial Crimidesa S.L., Cordenka GmbH & Co. KG, Cooper Natural Resources, Elementis plc, Minera De Santa Marta, S.A., Sulquisa S.A., Saskatchewan Mining and Minerals Inc., and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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