Global Sodium Sulphate Market Growth, Key Players and Future Scope

The construction industry in emerging economies and developed countries is witnessing rapid growth, which is because of the rapid migration rate, swift urbanization, growing population, economic growth, and increasing disposable income of people. Several construction projects are being initiated all across the globe. Furthermore, the lifestyle changes have also compelled designers to come up with new and interesting solutions for increasing the aesthetic appeal of commercial and residential buildings. Owing to this, the demand for glass in the construction is increasing, as they are extensively being utilized in exteriors in modern buildings instead of traditional assortments of bricks and cement.

This growing demand for glass, in turn, is creating need for sodium sulphate, which is widely used in the manufacturing of glass as a fining agent. The salt aids in getting rid of small air bubbles from molten glass. Sodium sulphate has the formula Na2SO4, and is the sodium salt of sulfuric acid. According to a P&S Intelligence report, the global sodium sulphate market generated a revenue of $2,019.3 million in 2018 and is expected to reach a value of $2,109.4 million by 2024, advancing at a 2.6% CAGR during the forecast period.

Due to the large-scale consumption and production of salt in China for different applications, the Asia-Pacific (APAC) region emerged as the largest sodium sulphate market. Moreover, the personal care sector in China is witnessing significant growth, and sodium sulphate is used extensively as a raw material for the production of soap bars, body washes, shampoos, and various other products. Apart from this, the demand for sodium sulphate is expected to rise in North American and European countries as well in the near future.

Hence, the growing construction industry and rising requirement for detergents are driving the demand for sodium sulphate.

Report this Page