Global Sodium Sulfate Market will Register a Sluggish CAGR of 3.58% by 2025, Predicts QY Research

Author: QYResearch  |   Published Date: 2019-06-11   |   Views: 176

QY Research has published a new report titled, “Global Sodium Sulfate Market Report, History and Forecast 2014-2025,” which studies various key players, products,  applications, geographical segments comprising the market. The report also analyzes the competitive landscape and the changing market dynamics that are expected to drive the sodium sulfate market. 

According to QY research report, the global sodium sulfate market is estimated to reach US$1776.17 mn by 2025 from US$1388.92 mn in the year 2018. The market will register a sluggish CAGR of 3.58% between 2018 and 2025. 

Global Sodium Sulfate Market: Trends and Opportunities

The global sodium sulfate market will witness significant market growth due to growing soap and detergent industry, as it is mainly used as a diluting agent and filler. The rising demand for sodium sulfate in the automotive and construction industries for making high quality glass will also drive the growth of the market in the near future. Growing application of sodium sulfate in casting and blowing process to remove deficiencies and air bubbles will further propel the demand. Increasing use of sodium sulfate in various end-use industries such as textile and paper and pulp industries as a raw material in the manufacturing process is also projected to stoke the demand.

Global Sodium Sulfate Market: Forecast by Geography

Asia Pacific is expected to be the dominant regional market for sodium sulfate due to booming textile industry. Emerging economies such as India and China are estimated to grow due to proliferating paper and pulp industries and the rise of construction activities.  North America is also likely to provide lucrative growth opportunities because of increasing usage of soap and detergents in the region over the forecast period. 

Global Sodium Sulfate Market: Segment Analysis

The sodium sulfate market is segmented into applications and product type. Based on the product type, the market is segmented into natural product sodium sulfate and synthetic product sodium sulfate. The natural segment is expected to be the leading segment in the global sodium sulfate market in the near future. 

The application segment includes textile and leather industry, detergent and cleaning agent industry, cellulose and paper industry, glass industry, and others. Detergent and cleaning agent industry is likely to hold the largest market share over the forecast period, as it extensively uses sodium sulfate as a diluting agent in production of soaps and detergents.

Global Sodium Sulfate Market: Key Players

Some of the top players operating in the market are Nafine Chemical Industry Group, Minera de Santa Marta, Perstorp, Jiangsu Yinzhu Chemical, Saltex, Cordenka, Sichuan Union Xinli Chemical, Adisseo, Huaian Salt Chemical, Hunan Light Industry & Salt, Hongya Qingyijiang Sodium Sulphate, Searles Valley Minerals, Grupo Industrial Crimidesa, Sichuan Meishan Tianhe Chemical, Saskatchewan Mining and Minerals, Alkim Alkali, S.A. SULQUISA, and Lenzing Group. 

Full Report Overview@ https://www.qyresearch.com/index/detail/1086217/global-sodium-sulfate-market

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