How is Thriving Construction Sector Powering Growth in Global Sodium Sulphate Market?


Posted April 10, 2020 by manishbaghel

The global sodium sulphate market is expected to advance at a CAGR of 2.6% during the forecast period (2019–2024).
 
One of the biggest factors responsible for the growth in the demand for sodium sulphate (Na2SO4) across the globe is the rising consumption of powdered detergents, especially in the various emerging economies of Asia-Pacific (APAC), Latin America (LATAM), and Africa, such as India, China, Colombia, Chile, Brazil, Vietnam, Thailand, Indonesia, and the Philippines. Moreover, the increasing shift toward machine-based washing of clothes has boosted the demand for sodium sulphate, for use in various soap and detergent formulations, across the world.

The other major factor fuelling the rise in the demand for the salt is the ballooning need for glass in various construction activities. Glass is increasingly being preferred over bricks and cement in the construction of modern buildings, which is powering the surge in its demand. Furthermore, Na2SO4 is used as a fining agent in glass manufacturing, which helps in reducing small air bubbles from molten glass. In addition to this, the rising customer preference for artificial facades is another factor responsible for the burgeoning demand for the chemical.

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Due to these factors, the global sodium sulphate market is expected to advance at a CAGR of 2.6% during the forecast period (2019–2024) and witness an increase in its revenue from $2,019.3 million in 2018 to more than $2,109.4 million by 2024. The salt is widely used in the manufacturing of soaps and detergents, pulp and paper, glass, and textiles. Amongst these, the highest usage of sodium sulphate was observed in the manufacturing of soaps and detergents in 2018, mainly due to the material’s ability to be used as a filler in detergent powder, which helps in the effective retention of moisture.

Geographically, the highest demand for sodium sulphate was observed in Asia-Pacific (APAC) in 2018, and this trend is expected to continue during the forecast period. This is mainly attributed to the wide-scale utilization of the chemical in various processes, such as soap, detergent, and textile manufacturing, in China. In addition to this, the Chinese personal care sector has witnessed massive growth in the recent years, which is further contributing to the increasing utilization of sodium sulphate in the production of shampoos, body washes, soap bars, and many other personal care and hygiene products.

Because of the above-mentioned reasons, in APAC, China is expected to record the highest usage of Na2SO4 in the coming years. Additionally, the country is also predicted to record the highest production of sodium sulphate in future, primarily due to the rising exports of this chemical from the country to the U.S. and numerous European and LATAM countries. The popularity of China-made salt in other Asian countries, such as Vietnam, Cambodia, the Philippines, Thailand, and South Korea, is also fuelling the surge in the sodium sulphate market of the country.


Therefore, due to the rising need for sodium sulphate in the manufacturing of glass and soaps and detergents, on account of its numerous advantages, the demand for it is set to witness tremendous growth in the coming years.
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Industry , Research
Tags sodium sulphate market , sodium sulphate market analysis , sodium sulphate market demand , sodium sulphate market forecast , sodium sulphate market future , sodium sulphate market growth , sodium sulphate market report , sodium sulphate market trends
Last Updated April 10, 2020