Global Sodium Sulphate Market Demand & Forecast Analysis, 2016-2032

Executive Summary : -

Sodium Sulphate is an inorganic compound which is obtained as a by-product in the production of chromium chemicals, formic acid, hydrochloric acid, man-made fibres, and desulphurization of flue gases. Sodium Sulphate can also be recovered from naturally occurring brines or from lakes having significant amount of Sodium Sulphate. The purity of Sodium Sulphate as a by-product and of that obtained naturally can be considered as equal.

The major applications of Sodium sulphate is in detergent, soaps, glass, paper, pulping, and textile industries. A small volume is also used for food & beverage and in the oil & gas industry. Soaps & detergents accounts for the largest share estimated to be around 40% of global Sodium Sulphate end-use consumption. Growth in automobile and construction industries are a major driving factor for Sodium Sulphate market as it is used in making glasses (third largest application of Sodium Sulphate). The demand of Sodium Sulphate for detergent is estimated to decline in the developed countries like USA in the long-term forecast as use of Sulphate free-liquid detergents increase it share. Asia-Pacific is assumed to be the dominating region with China as the top player owing to its large reserves of mirabilite which are major source of natural Sodium Sulphate. On a global level, China accounts for more than 50% of the global demand and together with other Asian countries account for a share of around 70%. The country is also is carrying out expansion at some of its existing plants and has also announced new capacities to meet global demand. The country remains a major destination for new projects owing to several factors and advantages including easy availability and lowered prices of raw material and abundance of skilled labour which keeps the cash cost economical in comparison to other countries. According to Prismane Consulting, the medium to fast growth in the end-user industries like soaps & detergent and automotive is expected to push the growth northwards in the next couple of years.