ALBANY, New York, October 16, 2017 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Sodium sulfate by Source (Natural, Synthetic), by Application (Soaps & detergents, Kraft pulping, Textiles, Glass, Carpet Cleaners, Food Preservatives and Oil Recovery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025." According to the report, the global sodium sulfate market was valued at US$ 1,889.9 Mn in 2016 and is projected to reach US$ 2,623.8 Mn by 2025 at a CAGR of 3.8% from 2017 to 2025.
Sodium sulfate is an inorganic compound available as a white solids and is highly soluble in water. It has two forms in nature, dehydrate and anhydrous. Dehydrate is also known as Glauber's salt. Based on source, sodium sulfate market is classified into natural and synthetic. Half of the sodium sulfate produced globally is from natural mines. The other half, known as synthetic sodium sulfate, is recovered from industrial processes. Current reserves of natural sodium sulfate are sufficient to meet anticipated demand for several centuries owing to the current rate of production. Synthetic sodium sulfate is recovered as a by-product, and the production is dependent on manufacturing firms. Sodium sulfate have been further classified based on application as soaps & detergents, kraft pulping, textiles, glass, carpet cleaners, others (food preservatives, oil recovery, etc.). Sodium sulfate is increasingly employed in several end-use industries. Therefore, industrial expansion, worldwide, drives the sodium sulfate market.
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Based on source, natural is the major segment in sodium sulfate market and is anticipated to dominate the market during forecast period in terms of value and volume. It is expected to grow at CAGR of 4% during the forecast period.
Based on application, soaps & detergents followed by textile segment is a prominent segment that uses sodium sulfate. Soaps & detergents dominated the market in 2016 and is likely to remain the dominant application between 2017 and 2015.
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Based on region, Asia Pacific held a significant share in 2016 and is expected to remain dominant market during the forecast period. Latin America is another major region which is expected to grow at moderate rate during the forecast period. It is anticipated to grow at faster rate compared to North America and Europe during the forecast period. This is due to the consumption of powdered detergents is more in developing regions. The sodium sulfate market in North America and Europe are less attractive due to the shift in usage of liquid detergents from powder detergents. However, sodium sulfate for glass application is growing at a rapid pace in Europe due to increase consumption of sodium sulfate as a fining agent in glass making which removes small air bubbles from molten glass.
The global sodium sulfate market is fragmented with many local and global players operating in the market. Some of the major players include 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., Sodaş Sodium Sanayii Anonim Sirketi, XinLi Chemical and others.
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