PUBLISHER: Value Market Research | PRODUCT CODE: 1547476
PUBLISHER: Value Market Research | PRODUCT CODE: 1547476
The global demand for Sodium Sulphate Market is presumed to reach the market size of nearly USD 1760.19 Million by 2032 from USD 1145.39 Million in 2023 with a CAGR of 4.89% under the study period 2024-2032.
Sodium sulphate or sulfate is an inorganic compound available in nature as thenardite. But generally the white-colored anhydrous compound or the crystalline decahydrate, commonly known as salt cake and Glauber's salt respectively, is used in various applications. It is represented with formula as Na2SO4. The crystalline form of sodium suphate is achieved when sodium ions found in igneous rocks are made to react with sulphur deposits by putting it in hot water, filtering it and then putting it in cold water. This compound is widely used for making soaps and detergents, paper, window glass, plate glass, water glass and bottles and also as laxative. At present, manufacturers use Solvay process for preparing sodium sulphate.
The key driving factor for sodium sulphate market growth is the rapidly increasing global population resulting in increasing demand for products like paper, detergents and glass, where sodium sulphate is used as a component. Another factor fuelling the growth of sodium sulphate market is the increasing use of Na2SO4 as a laxative, in the healthcare sector, for diagnostic procedures like colonoscopy. Furthermore, due to technological advancements it is also being used for storing solar energy, which is quite in demand. However, factors like inclination towards using liquid detergents and soaps instead of powder detergents, environmental concerns and change in production process are restraining Na2SO4 market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Sodium Sulphate. The growth and trends of Sodium Sulphate industry provide a holistic approach to this study.
This section of the Sodium Sulphate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Sodium Sulphate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Sodium Sulphate market include Nippon Chemical Industrial Co., Elementis Plc., Lenzing AG, Shikoku Chemicals Corporation, Atul Limited, Nikunj Chemicals, Cooper Natural Resources Inc, Searles Valley Minerals, Sigma Aldrich, TCI Chemicals. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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