Sodium Sulfate Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Sodium Sulfate market including various factors related to and dependent influencing the market growth.
Sodium sulfate, or sodium sulphate (Na2SO4); is one of the basic raw materials used in detergent, paper, glass, textile and chemical industries and used in all types of detergents (except liquid detergents) as a filling material. Further, it is one of the ingredients of the frit in the glass industry. Sodium sulfate is widely used for the manufacturing of pulps in the paper industry, for the textile dyeing in the textile sector and for the various chemical substances in the chemical sector as well as animal feeding stuff.
The Sodium Sulfate Industry is dominated by China. China is the largest production and consumption region. It is because that there are inland salt lakes located in China. Most of products in China are natural product. In 2020, China produced 12581.7 K MT sodium sulfate, which takes about 79.2% production market share in the world. Europe takes 14.7% production market and it\'s the second largest production area. And Spain is takes most of the production of sodium sulfate in Europe. China and Spain are the leaders of the global market. Chinas products are cheap. China is the worlds largest exporting country. In 2016, China exported 3634 K MT of sodium sulfate. Brazil, Southeast Asia, India, Africa and the Middle East are the main import regions. Spain is the second largest exporting country. Each year, more than 80% of the sodium sulfate is exported to Europe inland and South America.
Sodium sulfate has many applications in many industries. Among the applications, detergent and cleaning agent are the most popular one. Glass industry, cellulose and paper industry, textile and leather industry are also important applications of sodium sulfate. Other applications like feed and pharmaceutical industry only take a small share of total consumption.
Overall economic performance will continue to be the best indicator of future demand for sodium sulfate. Demand in most downstream markets is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies.
China is the largest consumption region and it consumed 9126.4 K MT of sodium sulfate, which takes about 57.4% of total consumption share. Europe consumed about 9.3% of the total sodium sulfate in 2020, which is about 1478.3 K MT. Southeast Asia and South America takes 6.88% and 3.42% of total consumption market share in 2020.The US consumption market is smaller. In the past 20 years, the US consumption market is almost stagnant. In Europe, Portugal, Britain, France, Germany and Poland are the main consumption areas. In Southeast Asia, Thailand, Indonesia is the main consumer country. In South America, Brazil and Argentina are the main consumer areas. Brazil holds more than 75% of South Americas consumer market.
At present, Chinese enterprises have large-scale excess capacity. The continued expansion of Chinese companies has led to a bad form of the industry. In the past two years, the Chinese government has established a strict environmental protection policy for this industry, which has caused the price of sodium sulfate to start rising.
Global Sodium Sulfate market size will increase to 1530 Million US$ by 2030, from 1240 Million US$ in 2020, at a CAGR of 2.7% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Sodium Sulfate.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Sodium Sulfate market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Sodium Sulfate market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Sodium Sulfate market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Sodium Sulfate Market:
The major competitors working in the market are:
, NaFine Chemical Industry Group, Jiangsu Yinzhu Chemical, Sichuan Union Xinli Chemcial, Huaian Salt Chemical, Hongya Qingyijiang Sodium Sulphate, Grupo Industrial Crimidesa, MINERA DE SANTA MARTA, Alkim Alkali, Lenzing Group, S.A. SULQUISA, Sichuan Meishan Tianhe Chemical, Saskatchewan Mining and Minerals, Hunan Light Industry & Salt Industry Group, Perstorp, Cordenka, Adisseo
Market by Order Type
Natural Product Sodium Sulfate
Byproduct Sodium Sulfate
Other Switches
Sodium Sulfate Data by Application
Detergent and Cleaning Agent Industry
Glass Industry
Cellulose and Paper Industry
Textile and Leather Industry
Other
Sodium Sulfate Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Sodium Sulfate market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Sodium Sulfate Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Sodium Sulfate market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Sodium Sulfate market size and their forecasts
- To provide strategic profiles of the key players operating in the Sodium Sulfate market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Sodium Sulfate market
Target Audiences for Sodium Sulfate Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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