The global sodium sulfate market is fragmented in nature on account of the presence of numerous global and local players. The market is being primarily driven by the soap and detergent industry. Apart from that, an ever-growing automotive and construction industry is also serving to catalyze growth in the market by driving demand for glass, which requires sodium sulfate as a fluxing agent in glass refining.
Hampering demand in the sodium sulfate market, on the flipside, is the emergence of substitute compounds such as zeolites, sodium silicates, emulsified sulphur and caustic soda, and sodium carbonate (soda ash) in various end-use industries.
A report by Transparency Market Research predicts the global sodium sulfate market to attain a value of US$2.62 bn by 2025 from US$1.89 bn in 2016 by rising at a CAGR of 3.8% from 2017 to 2025.
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Natural Sodium Sulfate Dominates Market
Sources of sodium sulfate can be broadly divided into synthetic and natural. At present, about half the sodium sulfate in the world is produced from natural mines and the remaining half is recovered from industrial processes. Current reserves of natural sodium sulfate are sufficient to satisfy the required demand for several centuries because of the current rate of production. Between the two, sodium sulfate derived from natural sources dominates the market with a leading share both in terms of volume and value. In the years ahead too, the segment is expected to hold on to its leading share by expanding at a CAGR of 4% during period from 2017 to 2025.
Sodium sulfate finds application in making soaps and detergents, kraft pulping, textiles, glass, carpet cleaners, and others such as food preservatives, oil recovery, etc. Of them, the detergent and soaps, in which sodium sulfate is used as a diluting agent and fillers, generate maximum demand. However, the demand has begun to decline due to the trend towards concentrated liquid detergents instead of bulkier powder formulations.
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Alkim Alkali Kimya A.S., Birla Cellulose, Cordenka GmbH & Co. KG, Cooper Natural Resources, Elementis plc, Lenzing Group, Minera De Santa Marta, S.A., Searles Valley Minerals, Saskatchewan Mining and Minerals Inc., Grupo Industrial Crimidesa S.L., Soda? Sodium Sanayii Anonim Sirketi, and XinLi Chemical are to name a few prominent participants in the global sodium sulfate market.