Natural Sodium Sulphate Market Size (2024 – 2030)

According to the report published by Virtue Market Research in Global Natural Sodium Sulphate Market was valued at USD 757.02 Million and is projected to reach a market size of USD 1,054.60 Million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.85%.

The market for natural sodium sulphate has risen dramatically over the years. It was previously primarily employed in industries like textile, chemical, and detergents. It is presently used in a wide range of industries, including medical, food & beverage, and pharmaceutical. Because of its outstanding characteristics, it is used in a variety of sectors, boosting its demand. Recent trends and developments in sustainability, R&D activities, increased demand, industry innovations, and emerging economies are likely to support the sector's sustained expansion, resulting in additional employment possibilities over the next decade. Additionally, the rising takeover of natural sodium over synthetic is expected to cause a tremendous impact. This market is likely to expand notably throughout the forecast period.

Key Market Insights:

• As per a report, in 2020, 40% consumption of sodium sulphate chemicals was generated from the detergent industry.

• China is one of the biggest exporters of this chemical. In the past few years, annual reports suggest volumes of around 400,000 to 600,000 metric tonnes.

• The glass industry accounts for over 20% of consumption. Quality control and regulations are boosting this growth.

• 20-30% of the companies are involved in investing in R&D activities and sustainable initiatives. During the forecast period, the percentage is likely to increase.

• This market contributes to up to 10% of environmental problems. Chemical, mining, textile, glass and many other industries are responsible for this. However, there have been Government initiatives, stricter regulatory standards, and R&D activities which will have a positive impact.

Natural Sodium Sulphate Market Drivers:

Increased use in various applications is the main factor driving the market growth.

Rising demand for soaps and detergents in the commercial and residential sectors is likely to fuel market revenue growth over the forecast period. In the chemical industry, sodium sulphate in hydrous form is employed as a fining agent. Sodium sulphate is also employed as a fining agent in glass manufacture because it prevents bubble formation by cleaning up scum. This is even used as a laxative and buffering agent in the medical industry. Educational institutions employ this chemical for various laboratory purposes. Sodium sulfate's applications have also expanded to the energy industry. Because the transformation of sodium sulphate from solid to liquid needs a significant amount of energy, solar thermal power plants focus incoming light with reflectors to store energy. It is used in the sulphate process for wood and pulp as well. Furthermore, the growing demand for glass in renovations and development of infrastructure in the construction industry is fueling the growth.

Rising demand for the use of eco-friendly products is fueling the market expansion.

Over the past few years, there have been a lot of issues raised about the environmental destruction which humans are causing. As a result, environmentalists and Governmental bodies are enforcing stricter laws, rules, and regulations regarding the same. There has been a certain limit imposed on the number of pollutants, waste accumulation, and other hazards each sector can cause. Manufacturers are shifting towards the usage of natural sodium sulphate and other derivatives instead of synthetic ones. This is because they have a lower environmental impact. Natural Sodium Sulphate does not include any heavy metals or harmful minerals such as zinc, arsenic, lead, and chrome, and its pH range of 6.5 - 8 indicates that it does not have any acidic qualities. All these advantages promote sustainability helping in the progress of this market.

Natural Sodium Sulphate Market Restraints and Challenges:

Varying costs, problems associated with mining, technological advancements, and competition are the major barriers which the market is currently facing.

Price variation is one of the major issues which is being faced by the market. This demotivates the consumers and the manufacturers leading to significant losses. Secondly, mining activities lead to the depletion of natural resources and cause an imbalance in climate which is a serious concern. Thirdly, technological advancements in the detergent industry are coming up with solutions for products which are free of sodium and other compounds. This is because the cleaning formulations produced this way are easier. This can take a toll on this market. Furthermore, competition with other alternatives and synthetic chemicals causes a negative impact.

Natural Sodium Sulphate Market Opportunities:

The growing awareness of sustainable living is likely to provide the market with an ample number of opportunities. R&D activities are being carried out to develop alternatives and creative formulations to aid various applications. Investments and funds from investors and the Government pave the way for flourishment. Certifications and other regulatory compliance are helping to reduce the environmental impact showing promising growth. Demand from various end-user industries helps in market enlargement. Furthermore, increasing production and consumption promotes the import-export trade helping in an upsurge of the economy.

NATURAL SODIUM SULPHATE MARKET REPORT COVERAGE:

Natural Sodium Sulphate Market Segmentation: By Form

• Salt Cake

• Glauber’s Salt

• Niter Cake

Based on segmentation by form, salt cake is the largest and fastest growing in this market. This is because of its versatility, easy availability, easy usage, purity, wide range of applications, quality, and cost-effectiveness. Additionally, it is derived from natural sources aligning with sustainable goals. All these factors play a significant role and thereby it is widely employed in industries like glass, textiles, and detergent.

Natural Sodium Sulphate Market Segmentation: By Application

• Soaps and detergents

• Textile

• Glass

• Pulp & Paper

• Others

Based on application, soaps and detergents are the largest growing holding a share exceeding 30%. This is due to its characteristics, which allow detergent powder to readily flow. Sodium sulphate is used as a filler in detergent powder, allowing the concentration of an active substance in the powder to be adjusted as needed. Additionally, it acts as an enhancer, is cost-effective, and provides efficient cleaning making it an apt choice. The textile industry is the fastest-growing application in this market. These chemicals are mainly used for tie dying and printing. They adhere to regulatory standards, provide an aesthetic appeal, are sustainable, provide precision, and help in fixation.

Natural Sodium Sulphate Market Segmentation:  Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

Based on region, Asia Pacific is the largest growing. Asia Pacific accounted for the largest market share of around 39%. As per a report, it has a market value of USD 423.08 Million and was projected to grow at a CAGR of 4.93% during the forecast period for sodium sulphate in general. The popularity of this region is owing to factors like demand, extensive use in various end-user industries, presence of key players, R&D activities, industrialization, rising income, availability of raw materials, and high consumption. China, India, and Japan are among the top leading countries known for their production and usage. Europe is the fastest growing region holding a share of around 25%. Germany, France, and the United Kingdom stood at the forefront. Factors like developed economy, investments, sustainability awareness, emerging markets, rising demand, availability of natural resources, and increasing production contributed to the success.

COVID-19 Impact Analysis on the Global Natural Sodium Sulphate Market:

The COVID-19 pandemic had a negative influence on the market. It resulted in tighter restrictions in almost all locations to prevent the virus from spreading. Lockdowns, social isolation, and movement limitations became the new normal. The supply chain, manufacturing schedules, logistics, and import-export trade were all interrupted, resulting in an economic depression. Approximately 85% of enterprises had supply chain disruptions. The shutdown of chemical factories, manufacturing units, and industries was a setback. In addition, a lack of people delayed the execution of various initiatives. However, post the pandemic, the industry is gradually gaining up, with regulatory relaxations and lockdowns being eased.

Latest Trends/ Developments:

The companies in this market are motivated to achieve a higher market share by implementing different strategies, such as acquisitions, partnerships, and investments. Companies are also spending heftily to improve existing formulations alongside maintaining competitive pricing. This has further resulted in increased government engagement and further enlargement.

Biotechnology, advanced materials, agriculture, renewable energy, and cosmetics are some of the potential future applications for natural sodium sulphates. The desire for environmentally friendly choices, such as bio-based chemicals, is projected to expand the uses. Furthermore, R&D projects to enhance human knowledge are being prioritised.

Key Players:

1. L N CHEMICAL INDUSTRIES

2. Cooper Natural Resources

3. Searles Valley Minerals

4. Alkim Alkali Kimya A.S.

5. China National Salt Industry Corporation (CNSIC

6. Hunan Light Industry & Salt Industry Group Co., Ltd

7. Jiangsu Jingshen Salt & Chemical Industry Co., Ltd

8. Minera de Santa

9. Grupo Industrial Crimidesa

10. Qingdao Haiwan Group

In July 2022, BASF and Imperial College London were working in partnership to develop flow chemistry, an efficient approach to chemical production. The technique could allow the chemical industry to manufacture chemicals far more efficiently.

In February 2022, reports suggested that Solvay renewed its partnership with CNRS to advance chemical industry research and to provide solutions to today's new challenges.