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Sodium Sulphate Market Size
Global sodium sulphate market size exceeded USD 955 million in 2020 and is estimated to grow at a CAGR of 4.4% between 2021 and 2027. Growing textile industry along with rising demand for levelling agent and increasing demand for natural sodium sulphate for production of wood and paper to drive the industry growth.
The product is an inorganic compound that appears white in color in all forms. It is available in solid form which is electrostatically bonded ionic sulphate and is highly water soluble. It can be produced through chemical processes and is also produced naturally. The product is present in different forms such as heptahydrate, decahydrate and anhydrous. It is widely used in production of different types of chemicals, home laundry detergents and in paper pulping processes which should augment the sodium sulphate market growth.
Natural product segment surpassed USD 640 million in 2020 and should register significant gains in the projected period. Rising production output of pulp and paper industries have soared product demand which should stimulate natural product growth.
Natural product is derived from mirabilite, a natural mineral form that is found in lakebeds and is used for production of paper and wood. Rising demand for wooden and paper products has accelerated pulp and paper industry globally. The utilization of natural resources to produce sodium sulphate in countries including China, Canada and U.S. owing to popularity of natural product production process is expected to drive the sodium sulphate market share.
What factors will drive the growth of natural product segment in sodium sulphate market?
Natural product segment was valued at over USD 640 million in 2020 and will grow significantly in coming years owing to increasing product demand from rising production in pulp and paper industries.
Why is sodium sulphate market witnessing significant expansion?
Sodium sulphate market size had surpassed USD 955 million in 2020 and will register a CAGR of 4.4% through 2027 with expanding textile industry and rising demand for producing paper.
How much valuation will sodium sulphate market register from the textile applications segment?
Textile applications segment will record a valuation of more than USD 65 million by 2027 owing to burgeoning demand for textile dyes driven by increased consumer preferences for colored and printed cloths.
How will sodium sulphate market gain proceeds across glass applications?
Glass application had surpassed USD 165 million in 2020 and will register substantial gains over the upcoming years with wide product adoption as a refining agent to prevent sum formation and air bubbles from molten glass during the refining process.
How will sodium sulphate fare across North America?
North America will record a valuation of over USD 340 million by 2027 on account of increasing demand for soaps and detergents across regional commercials and households due to rising hygiene awareness.