Sodium Sulfate Market
Sodium Sulfate Market (Source - Natural, Synthetic; Application - Detergents, Kraft Pulping, Textiles, Glass, Carpet Cleaners) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Press Release :
Sodium sulfate, commonly called as soda of sulfate, typically is found in a crystalline form. It is mainly used in large quantities in several consumer and industrial applications. It is generally obtained by processing mirabilite salt. Artificial sodium sulfate is manufactured by using lithium batteries and other artificial processes. It is manufactured across the globe in large quantities in order to cater to the growing demand from a variety of end user application industries such as carpet cleaners, glass, textiles, kraft pulping, and detergents among others.
Over half of the total volume of produced sodium sulfate is consumed in the detergent industry. This is because sodium sulfate is used as a filler material in such detergents. Cheap price of the raw materials is the key factor that is helping to drive the overall demand for global sodium sulfate in the detergent industry. In commercial sense, sodium sulfate is deployed as a dyeing agent. Sodium sulfate lowers the negative charges of fabrics. Thus, the dyeing process becomes easier and effective. This, in turns, drives the application of sodium sulfate in the textiles industry. Growth of the global textiles industry is boosting the usage of sodium sulfate as a dyeing agent. Furthermore, sodium sulfate is employed in the glass manufacturing process. It is used as fining agent in the manufacture of scum-proof glass. Demand for dust or scum-proof glass is driven by the growth in automotive and infrastructure sectors. Sodium sulfate is also used to convert wood into pulp for paper manufacturing.
During the outbreak of COVID-19 pandemic, the global sodium sulfate market struggled initially. The struggles were mainly because of the restrictions placed on logistics, transport, and manufacturing. However, with governments deeming detergents and other key application products as essential for survival during the lockdown, the demand increased steadily. The market is expected to witness a steady demand in the upcoming year with higher growth rate expected by the second half of 2021.
Global Sodium Sulfate Market: Overview
The global sodium sulfate market is fragmented in nature on account of the presence of numerous global and local players. The market is being primarily driven by the soap and detergent industry. Apart from that, an ever-growing automotive and construction industry is also serving to catalyze growth in the market by driving demand for glass, which requires sodium sulfate as a fluxing agent in glass refining.
Hampering demand in the sodium sulfate market, on the flipside, is the emergence of substitute compounds such as zeolites, sodium silicates, emulsified sulphur and caustic soda, and sodium carbonate (soda ash) in various end-use industries.
A report by Transparency Market Research predicts the global sodium sulfate market to attain a value of US$2.62 bn by 2025 from US$1.89 bn in 2016 by rising at a CAGR of 3.8% from 2017 to 2025.
Natural Sodium Sulfate Dominates Market
Sources of sodium sulfate can be broadly divided into synthetic and natural. At present, about half the sodium sulfate in the world is produced from natural mines and the remaining half is recovered from industrial processes. Current reserves of natural sodium sulfate are sufficient to satisfy the required demand for several centuries because of the current rate of production. Between the two, sodium sulfate derived from natural sources dominates the market with a leading share both in terms of volume and value. In the years ahead too, the segment is expected to hold on to its leading share by expanding at a CAGR of 4% during period from 2017 to 2025.
Sodium sulfate finds application in making soaps and detergents, kraft pulping, textiles, glass, carpet cleaners, and others such as food preservatives, oil recovery, etc. Of them, the detergent and soaps, in which sodium sulfate is used as a diluting agent and fillers, generate maximum demand. However, the demand has begun to decline due to the trend towards concentrated liquid detergents instead of bulkier powder formulations.
Powered by Record Consumption in China, Asia Pacific Leads Market
From a geographical standpoint, Asia Pacific runs the show on both counts of size and growth rate. In 2016, it held about half the share in the market and in the years ahead too is predicted to retain its dominant share. The market in the region is being driven primarily by China, which surpasses all other countries in terms of sodium sulfate consumption. This is also because of the cheaper cost of sodium sulfur in the nation on account of lower manufacturing costs resulting from abundance of labor and expanding end-use industries. By registering the maximum CAGR of 4.0% in the forecast period, the region is projected to grow its revenue to US$1.55 bn.
In terms of growth rate, Latin America is another key region that is expected to outshine North America and Europe in the next couple of years, on the back of Mexico, which has enormous reserves of sodium sulfate. The market in Europe and North America is expected to rise a slower pace – a CAGR of 3.3% and 3.0%, respectively – due to liquid detergents supplanting powder detergents at a rapid pace.
Alkim Alkali Kimya A.S., Birla Cellulose, Cordenka GmbH & Co. KG, Cooper Natural Resources, Elementis plc, Lenzing Group, Minera De Santa Marta, S.A., Searles Valley Minerals, Saskatchewan Mining and Minerals Inc., Grupo Industrial Crimidesa S.L., Soda? Sodium Sanayii Anonim Sirketi, and XinLi Chemical are to name a few prominent participants in the global sodium sulfate market.
Global Sodium Sulfate Market: Overview
Sodium sulfate is available in two forms in nature, dehydrate and anhydrous. Dehydrate form is produced from mirabilite and is also known as Glauber’s salt. Anhydrous is produced from mineral thenardite. Synthetic sodium sulfate is recovered as a by-product. Some of the industrial processes that recover sodium sulfate are production of rayon, phenol or boric acid, and chromates.
Asia Pacific dominated the sodium sulfate market both in terms of volume and value and is likely to remain dominant during the forecast period with a significant CAGR compare to other regions. China is largest producer of natural sodium sulfate and is also the largest consumer. Almost half of the world’s sodium sulfate is consumed by China. The cost of sodium sulfate in China is comparatively low as compared to that of other exporting countries.
Expansion of end-use industries such as soaps & detergents, kraft pulping, textiles, glass, carpet cleaners is the major factors which is anticipated to drive the sodium sulfate market during the forecast period. The use of sodium sulfate was widely witnessed in soaps & detergents and textiles in most of the regions. Sodium sulfate prevents formation of scum by the molten glass during refining, and also fluxes the glass. The compound also helps in removing imperfections during the blowing and casting processes. These features of sodium sulfate in glass making makes the segment lucrative during the forecast period.
This report analyzes and forecasts the market for sodium sulfate market at the global and regional level. The market has been forecast based on volume (in Kilo tons) and revenue (US$ Mn) from 2016 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global sodium sulfate market. It also covers impact of these drivers and restraints on demand for sodium sulfate market during the forecast period. The report also highlights opportunities in the sodium sulfate market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global sodium sulfate market. Porter’s Five Forces model for the sodium sulfate market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in source, and application are benchmarked based on their market size, growth rate, and general attractiveness.
Global Sodium Sulfate Market: Segmentation
The study provides a decisive view of the global sodium sulfate market by segmenting it in terms of source, and application. In terms of source, sodium sulfate are classified as natural and synthetic In terms of application, it is segmented into soaps & detergents, kraft pulping, textiles, glass, carpet cleaners, others (food preservatives, oil recovery, etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for sodium sulfate in North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
The report provides the actual market size of sodium sulfate for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market of sodium sulfate has been provided in terms of volume and revenue. Market volume has been defined in Kilo tons and revenue in US$ Mn. Market numbers have been estimated based on source, and application of sodium sulfate. Market volume and size have been provided in terms of global, regional and country level markets.
Global Sodium Sulfate Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, magazines and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Sodium Sulfate Market: Competitive Analysis
The report comprises profiles of major companies operating in the global sodium sulfate market. Key players in the sodium sulfate market are Alkim Alkali Kimya A.S., Birla Cellulose, Cordenka GmbH & Co. KG, Cooper Natural Resources, Elementis plc, Lenzing Group, Minera De Santa Marta, S.A., S.A. Sulquisa, Si Chuan Hongya QingYiJiang Sodium Sulphate Co., Ltd., Searles Valley Minerals, Saskatchewan Mining and Minerals Inc., Grupo Industrial Crimidesa S.L., Soda? Sodium Sanayii Anonim Sirketi, XinLi Chemical and others. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global sodium sulfate market has been segmented as follows: