GLOBAL NATURAL SODIUM SULPHATE MARKET (2024 - 2030)
As per our research report, the global Natural Sodium Sulphate Market size is estimated to be growing at a CAGR of 4.85% from 2024 to 2030.
Natural Sodium Sulphate has wider applications in various industries due to its unique and useful properties. Natural Sodium Sulphate is mainly used in textile, Glass, Pulp and paper, chemical, detergents, medical, food & beverage, and pharmaceutical industries. The Natural Sodium Sulphate Market is expected to grow significantly in the coming years due to increased demand and advancements in technologies. Natural Sodium Sulphate is widely used in soaps and detergents. The Rising demand for soaps and detergents, R&D activities, sustainable initiatives, increased use in various applications, demand for the use of eco-friendly products, and integration of technologies are the main drivers for the Natural Sodium Sulphate Market.
The COVID-19 pandemic had a significant impact on the Natural Sodium Sulphate Market. There were supply chain disruptions, lockdowns, and other safety restrictions. This resulted in temporary shutdowns and limited work in various industries. A delay in production and supply of products was a serious concern during the pandemic. Also, there were limited manual work labourers and an economic depression. However, situations changed gradually and the Natural Sodium Sulphate Market started to boom significantly. Post-pandemic the market for Natural Sodium Sulphate Market witnessed an increase due to the adoption of advanced technologies.
In July 2022, BASF and Imperial College London started a partnership to develop flow chemistry that helps chemical factories manufacture chemicals far more efficiently.
The restraints to the Natural Sodium Sulphate Market mainly include the high competition with other alternatives and complications associated with mining.
KEY MARKET INSIGHTS:
- Based on market segmentation by Form, the salt cake segment holds the highest share of the Natural Sodium Sulphate Market. This is mainly due to the increasing demand owing to their easy usage, purity, and, quality. Wider availability, easy accessibility, and budget-friendly are other factors for the market growth. Also, salt cake is the fastest-growing segment during the forecast period. This is mainly due to its cost-effectiveness. Many industries like glass, textiles, and detergent are adopting the salt cake form of Natural Sodium Sulphate. Other forms, Glauber’s Salt and Niter Cake are also used for other applications. These forms are less popular and used compared to salt cake forms.
- Based on market segmentation by application, soaps and detergents hold the highest share of the Natural Sodium Sulphate Market. It has the largest share of 30% of the total market. This is mainly increasing need and popularity of soaps and detergents. Natural Sodium Sulphate is widely used in soaps and detergents due to its properties. It is cost-effective. It helps the detergent powder to readily flow. Natural Sodium Sulphate is used as a filler and acts as an enhancer in detergents. However, the textile industry is the fastest-growing segment during the forecast period. Natural Sodium Sulphate is used for tie dying and printing in the textile industry. These provide an aesthetic appeal. Natural Sodium Sulphate is also widely used in the Glass industry and Pulp and paper industry.
- Based on market segmentation by region, Asia Pacific holds the highest share of the Natural Sodium Sulphate Market. It has the largest share of 39% of the total market and a market value of USD 423.08 Million. This is due to many factors. This is mainly due to high demand and extensive use in various end-user industries. Asia Pacific is a developing region with advanced technologies and R&D activities. Urbanization, Industrialization and the rising income of the Asia Pacific region are also boosting the market. Asia Pacific is expected to grow at a CAGR of 4.93 % during the forecast period. This is mainly due to industrialization, rising income, availability of raw materials, and high consumption. The presence of key players is boosting the market in this region. Countries like China, India, and Japan have the highest share of the market. However, Europe is the fastest-growing region during the forecast period. It has the largest share of 25% of the total market. This is mainly due to the increasing adoption of advanced technologies, rising demand, availability of natural resources, and increasing production. Countries like Germany, France, and the United Kingdom have the highest share of the market. This is due to factors including a technologically advanced economy, high investments, sustainability awareness, and rising markets.
- Companies playing a leading role in the Global Natural Sodium Sulphate Market profiled in this report are – L N CHEMICAL INDUSTRIES, Cooper Natural Resources, Searles Valley Minerals, Alkim Alkali Kimya A.S., China National Salt Industry Corporation (CNSIC), Hunan Light Industry & Salt Industry Group Co., Ltd, Jiangsu Jingshen Salt & Chemical Industry Co., Ltd, Minera de Santa, Grupo Industrial Crimidesa, and Qingdao Haiwan Group
- Salt Cake
- Glauber’s Salt
- Niter Cake
- Soaps and detergents
- Pulp & Paper
- North America
- Asia Pacific
- South America
- Middle East and Africa
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