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Research Reports

Sodium Sulphate Market Sales Revenue to Touch $1.6 Billion By 2030 | Major Companies, Strategies and New Trends

Allied Market Research recently published a report, titled, “Sodium Sulphate Market by Product (Natural and Synthetic), Form (Salt cake, Glauber’s Salt, and Niter Cake), and Application (Soaps & detergents, Textile, Glass, Pulp & Paper, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. As per the report, the global sodium sulphate industry was pegged at $1.0 billion in 2020, andContinue reading “Sodium Sulphate Market Sales Revenue to Touch $1.6 Billion By 2030 | Major Companies, Strategies and New Trends”

Published : 3 years ago, on

Allied Market Research recently published a report, titled, “Sodium Sulphate Market by Product (Natural and Synthetic), Form (Salt cake, Glauber’s Salt, and Niter Cake), and Application (Soaps & detergents, Textile, Glass, Pulp & Paper, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. As per the report, the global sodium sulphate industry was pegged at $1.0 billion in 2020, and is expected to reach $1.6 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.

Drivers, restraints, and opportunities

Increase in use of soaps and detergents and rise in demand for use in solar energy storage devices drive the growth of the global sodium sulphate market. However, easily available substitutes and limited new uses for the product hinder the market growth. On the contrary, untapped potential and emergence of new markets would open new opportunities in the future.

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Covid-19 scenario:

  • The Covid-19 outbreak and economical uncertainty hampered the demand for sodium sulphate. The temporary ban on international import & export, restrictions on manufacturing, tourism, hospitality, and financial sectors negatively affected the market.
  • The lockdown restrictions hampered the manufacturing activities, disrupted the supply chain, and increased the raw material prices. On the contrary, the demand for soaps & detergents surged since the outbreak, which created a huge gap between supply and demand.

The natural segment dominated the market

By product, the natural segment held the largest share in 2020, accounting for nearly two-thirds of the global sodium sulphate market. Moreover, the segment is expected to register the highest CAGR of 4.7% during the forecast period, owing to rise in production output of pulp and paper industries. The report includes an analysis of the synthetic segment as well.

Get Detailed COVID-19 Impact Analysis on the Sodium Sulphate Market @  https://www.alliedmarketresearch.com/request-for-customization/9039?reqfor=covid

The soaps and detergents segment to manifest the highest CAGR through 2030

By applications, the soaps and detergents segment would showcase the highest CAGR of 4.9% from 2021 to 2030. In addition, the segment held the largest share in 2020, contributing to more than two-fifths of the global sodium sulphate market, due to its properties of sodium sulphate that enables the detergent powder to flow freely. The report includes an analysis of segments such as textile, glass, pulp & paper, and others.

Asia-Pacific, followed by North America, held the largest share

By region, the global sodium sulphate market across Asia-Pacific, followed by North America, held the lion’s share in 2020, accounting for nearly three-fifths of the market. Moreover, the region would showcase the highest CAGR of 4.8% from 2021 to 2030, owing to high consumption of the product in China for a variety of applications including textiles and soaps & detergents.

Major Market Players

  • Sigma-Aldrich Co. LLC.
  • Godavari Biorefineries Ltd.
  • ECOBAT Technologies Ltd.
  • Borden & Remington Corp.
  • The Aditya Birla Group
  • Nippon Chemical Industrial Co.
  • Intersac
  • TCI Chemicals
  • Atul Limited
  • Lenzing AG.

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.

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