The global sodium sulfate market size is expected to gain momentum owing to the increasing demand from the industrial sector during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Sodium Sulfate Market, 2022-2029.” It is an inorganic substance that appears white. It comes in the form of an electrostatically coupled ionic sulfate that is extremely water-soluble in solid form. Chemical methods and naturally occurring processes can create it. It is widely utilized in the production of various chemicals, household laundry detergents, and paper pulping processes.
Detrimental Impact of Covid-19 on Chemical Industry
COVID-19 had a negative influence on the market in 2020. In some regions, sodium sulfate is often used for de-icing roads, runways, and streets. It is also used in the chemical industry to make compounds such as chlorine and caustic soda. Because of the pandemic scenario, roadway building and chemical production units were temporarily halted.
List of Key Players Profiled in the Global Market for Sodium Sulfate:
The Aditya Birla Group
Borden & Remington Corp
Godavari Biorefineries Ltd
Ecobat Technologies Ltd
By type, the market is segmented into pills and powder. On the basis of application, the market is segregated into pharmaceuticals, chemicals, textile, paper, and others. On the basis of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The market report offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic.
Drivers & Restraints-
Increasing Demand in Construction Applications to Stimulate Growth
The global sodium sulfate market growth is expected to grow due to the increased production of chemicals during the projected period. In the glass industry, sodium sulfate is used as a fining agent, which helps in the removal of microscopic air bubbles from molten glass. Glass is in high demand due to the rising construction industry, especially in modern structures where it is employed extensively in exteriors instead of traditional bricks and cement. Increasing demand for glass in construction projects in developed nations and investments in developing countries in the coming future.
Increasing Demand for Exports to Promote Growth in Europe
Europe is expected to hold the largest global sodium sulfate market share during the forecast period. The increasing demand for sodium sulfate-containing goods, particularly for pulp and paper production, is the major contributing factor in the region.
North America is expected to have a sizable share of the market. The rising technical breakthroughs and uses in new technological developments such as solar energy are expected to support market expansion in the region.
Manufacturers Focus on R&D Investments to Strengthen their Position
The suppliers are looking for acquisition and regional growth plans to have a stronger footing. However, brand awareness and strong marketing make it difficult for new entrants into this area. To strengthen their position in the industry, they have implemented a variety of methods such as partnership, expansion, collaboration, joint ventures.
February 2021: Lenzing launched TENCEL modal fibre with Indigo Color Technology and to improve the company’s product options for the denim industry, which is predicted to develop in the coming years.
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