PUBLISHER: Allied Market Research | PRODUCT CODE: 1414789
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414789
According to a new report published by Allied Market Research, titled, "Sodium Sulphate Market," The sodium sulphate market was valued at $0.7 billion in 2022, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 4% from 2023 to 2032.
Synthetic sodium sulphate is commonly used in the production of detergents, where it serves as a processing aid and helps improve the properties of detergents, including their flow and granulation characteristics. Moreover, the demand for paper and pulp products, driven by various industries and consumer needs, contributes to the need for sodium sulphate. In addition, synthetic sodium sulphate is used in various chemical processes, including the production of sodium sulfide, sodium silicate, and other chemicals. Growth in the chemical industry can contribute to increase in demand for sodium sulphate; thus, fueling the market growth.
Moreover, Glauber's salt is commonly used in the textile industry as a dyeing assistant. It helps the dye penetrate the fibers more evenly, enhancing the colorfastness of the fabric. The demand for textiles and clothing can impact the demand for Glauber's salt. Furthermore, Glauber's salt is used in various chemical processes, such as the production of other sodium compounds. Industries that require sodium sulphate as a raw material may contribute to the demand for Glauber's salt. In addition, Glauber's salt may find applications in the paper industry. It can be used in certain stages of the papermaking process to improve the quality of paper. These factors are anticipated to surge the demand for Glauber's salt form of sodium sulphate; thus, leading the sodium sulphate market to witness a significant growth.
Furthermore, rise in population has surged the demand for crops, which in turn has led the fertilizer manufacturing companies to increase their production capacities wherein niter cake is used in fertilizer manufacturing. This factor may act as one of the key drivers responsible for the growth of the sodium sulphate market. Furthermore, the increasing trend for processed and preserved food items may surge the need for nitrate cake used as food preservative; thus, fueling the growth of the sodium sulphate market.
However, various substitutes for the product are available in the market, which are cheap and easily available. Thus, the demand for sodium sulphate is affected. Moreover, these substitutes offer similar properties and quality to sodium sulphate and are readily available, benefitting from product demand-supply gap in the sodium sulphate market. This restrains the market growth.
On the contrary, there is a growing trend toward sustainable and environmentally friendly products, which in turn has led customers to become more linear towards purchasing sustainable products with minimal or low environmental impact Manufacturers of sodium sulphate have the opportunity to develop and market sodium sulphate as an eco-friendly option in industries such as detergents, textiles, and chemicals. Such factors are expected to increase sales of sustainable sodium sulphate across various end-use sectors; thus, creating lucrative opportunities for the sodium sulphate market in the coming future.
The sodium sulphate market is segmented on the basis of product, form, application, and region. By product, the market is divided into natural and synthetic. By form, the market is segmented into salt cake, Glauber's salt, and niter cake. By application, the market is further divided into soaps & detergents, textile, glass, pulp & paper, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)