Sodium Sulphate Market Overview
The global sodium sulphate market stood at 12,336.5 kilotons in 2018, which is projected to reach 15,400.0 kilotons by 2024, demonstrating a CAGR of 3.3% during the forecast period. The growth of the market can be mainly attributed to the increasing use of this salt as a raw material in the manufacturing of various products including soaps and detergents, Kraft process of paper pulping, and glass production.
Sodium sulphate is a sodium salt of sulfuric acid. It is denoted as Na2SO4 and is also known as thenardite, which is a natural mineral form of decahydrate. It is also produced as a by-product from various manufacturing processes or products, including cellulose production, lead acid battery reclamation, resorcinol, silica pigments, hydrochloric acid, and sodium dichromate.
Based on type, the sodium sulphate market is classified into natural and synthetic. Of these, natural sodium sulphate contributed more than 55% volume share to the market in 2018. This can be mainly ascribed to the abundance of natural reserves across the world, mainly in the U.S., Canada, China, Spain, and Turkey. These countries contributed significantly to the mine production for natural sodium sulphate.
On the basis of application, the sodium sulphate market is categorized into soaps & detergents, pulp & paper, textiles, glass, and others. Other applications include water treatment, starch manufacturing, and window frosting. Among these, the soaps & detergents category generated the highest demand for the salt, accounting for more than 35% volume share, in 2018. This can be mainly attributed to its properties, which enable detergent powder to flow freely. It is used as a filler in detergent powder that enables the adjustment of the concentration of active matter in the powder, as required.
Based on region, the sodium sulphate market is classified into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). Globally, the APAC market is expected to witness the fastest growth, in terms of volume, during the forecast period. This is mainly driven by the increasing demand for products, such as soaps, detergents, paper, and glass, in order to cater the booming population in the APAC region. Emerging countries in the region, such as China, India, and Vietnam, are contributing significantly to the market growth, owing to the rising awareness related to hygiene, adoption of western culture, increasing affordability, and growing population.
Sodium Sulphate Market Dynamics
The growth of the sodium sulphate market is being driven by the increasing use of the salt in various industries for commercial application and easy availability. For instance, the booming construction industry will increase the glass demand, particularly in modern building, which in turn, will increase the demand for the salt, as it is used in the production of the glass. The demand for the salt is increasing as a dyeing agent in the textile industry, as it is considered as an ideal compound for the dyeing purpose due to its non-corrosive properties, which does not corrode the stainless-steel vessel used for dyeing. It is a leveling agent that also reduces negative charges on fibers that allow even penetration of the dyes.
The growth of the sodium sulphate market is moderately affected by the shifting from powder detergents to liquid detergents. Slowly and steadily liquid detergents are taking market share of powder detergents, as living standards around the world is improving. The trend is gaining momentum in the developed countries to meet the changing customer preferences. Due to this, the powder detergents market is coming under pressure from liquid detergents as these provide premium wash, particularly to delicate clothes.
Increasing industrialization across the globe, particularly in APAC, is expected to provide lucrative opportunities to the sodium sulphate market players operating worldwide. The salt can also be obtained as a by-product of various chemical processes. To name a few, the production of hydrochloric acid from sodium chloride and sulfuric acid, in which this salt is obtained, which is commonly known as salt cake. It is also obtained as a by-product of rayon production. Thus, the increasing industrialization will increase the production of the salt, which will help the players to capture the market share.
Sodium Sulphate Market Competitive Landscape
Some of the major players operating in the global sodium sulphate market are Alkim Alkali Kimya A.S.I, Grasim Industries Ltd., Cooper Natural Resources, Xinli Chemical, Saskatchewan Mining and Minerals Inc., JSC Kuchuksulphate, Tufail Chemical Industries Limited, Grupo Crimidesa, Lenzing AG, and CORDENKA.