H1 2023: During H1 2023, prominent producers of Sodium Sulphate on a global scale were Jiangsu Yinzhu Chemical Group Co. Ltd, Nafine Chemical Industry Group Co. Ltd., and Grupo Industrial Crimidesa S.L. Based on region, the Asia Pacific region was the leading consumer of sodium sulphate globally. In H1 2023, this region experienced fluctuations in sodium sulphate prices. In the first three months of 2023, the market scenario remained bullish. These three months witnessed improvements in the demand for sodium sulphate from the end-user industries like soap and detergent industries. With high industrial production and sales of end-user products, market demand for sodium sulphate caused a substantial price increase. The number of stocks was also lower than the demand, and the supply rate was slow. These factors combined to create an unstable demand-supply ratio and an increase in the price of sodium sulphate in Asian nations. However, Prices for sodium sulphate rose from April to mid-May and then fell from mid-May to June owing to weak demand pressure from the downstream detergent, paper pulp, and pharmaceutical industries. Prices for sodium sulphate have risen in the Chinese market, notably in April and May, due to heavy demand from downstream sectors of China. In the North American Sodium Sulphate market, prices rose in the first three months of 2023. It was because the industrial production and sales of the paper and detergent industries rose, which increased market demand for sodium sulphate and resulted in a sharp price rise. In the rest of the months, sodium sulphate stockpile was lower than the demand, and the supply lagged, which led to a hike in sodium sulphate prices in North America.
H1 2022: During H1 2022, major players in the global Sodium Sulphate market were Nafine Chemical Industry Group Co. Ltd., Jiangsu Yinzhu Chemical Group Co. Ltd, Grupo Industrial Crimidesa S.L, and Minera De Santa Marta, S.A. Although, Nafine Chemical Industry Group Co. Ltd. acquired the position of the top producer of sodium sulphate in H1 2022. This company produced approximately 20% of the total Sodium Sulphate produced during this period. Based on region, Asia Pacific held the position of the largest consumer of Sodium Sulphate during H1 2022. Demand in Asian nations were mixed in the sodium sulfate market during H1 2022. In India, prices were stagnant from April 2022 to the end of May 2022, but then rose significantly due to higher production costs. In addition, continued disturbances between European countries led to supply disruptions in Asia, which further contributed to the rise in prices for upstream sulfuric acid feedstocks. Thus, upstream cost pressure was increased in Asia and increased awareness of sodium sulfate among local retailers in June 2022. Similarly, a price hike of sodium sulphate was observed across Germany during June 2022. Restricted natural gas supplies from Russia had raised supply concerns for sodium sulphate and increased production costs of the commodity, thus influencing its price.
H2 2022: In H2 2022, Asian market depicted fluctuations in the price of Sodium Sulphate. In the initial months of H2 2022, there was a fluctuating demand from downstream sectors (mainly detergents). Furthermore, the upstream sulfuric acid and sodium chloride prices were volatile, resulting in cost pressure on product value. Thus, the market price of raw materials had affected resulted in the variable production costs across China. However, Sodium Sulphate prices began to gain momentum across the Asia Pacific region starting from October 2022. It was because the downstream demand had spiraled up that strengthened consumer spending in the region. Other reasons were that the inventories were low, and the sodium sulfate supplies were tight across the Asian nations. Despite lower freight rates, the region shipped more sodium sulfate to importing countries during H2 2022. Europe faced a plummeted sodium sulphate market near the end of 2022. End-user purchasing trends of detergents were weak across Europe, which caused sodium sulfate prices to fall during the last months of 2022. In Europe, there were abundance of inventories of sodium sulphate and plenty of supply that drove prices down. The buying activities in the European market was weak in the last three months of 2022.
The global Sodium Sulphate market demand stood at 11.4 million tonnes in 2022 and is expected to grow at a CAGR of 3.91% during the forecast period until 2032.
Sodium sulphate, also known as Glauber’s salt, is an inorganic compound. Sodium sulfate has the chemical formula Na2SO4. Majority of the sodium sulphate is found in nature in the form of sodium sulphate minerals like Thenardite and Mirabilite. This salt can also be synthesized by treating sodium chloride with sulfuric acid. This salt is hygroscopic, i.e., in water it gets readily dissolved. Sodium sulphate is a white, crystalline solid or powder that is used as source material to make many different goods, including glass, detergents, kraft paper, cardboard, and chemicals. This salt is employed as a fining agent in the glass industry to help in the removal of minute air bubbles from molten glass.
The primary driver of the global Sodium Sulphate market is its usage by the soap & detergent industries across the globe. Sodium Sulphate is employed as a filler in detergent powder so that the concentration of the active ingredients in the detergent can be adjusted. Moreover, sodium sulfate makes the detergent powder flow easily. In 2022, approximately 43% of global Sodium Sulphate was utilized by the Soaps & Detergents Industry and is anticipated to expand further in the forecast period owing to better personal hygiene and cleaning practice across the globe. Moreover, the demand for Sodium Sulphate to manufacture glass for commercial and domestic applications is anticipated to further swell the global Sodium Sulphate demand. The size of the global Sodium Sulphate market is estimated to reach a volume of 16.5 million tonnes by 2032.
Based on region, the Asia Pacific is the leading consumer of the Sodium Sulphate market. In 2022, Asia Pacific held a demand of approximately 55% of the global Sodium Sulphate market share. It is anticipated that Asia Pacific will remain the biggest consumer. South America stands as the second largest consumer and is anticipated to further expand. During the projection period, the growing need for glass for usage in infrastructure development and maintenance projects in developing nations such as India, China, Japan, and Malaysia coupled with greater awareness about hygiene and usage of soaps and detergents is driving up demand for sodium sulphate in the Asia Pacific region. Budget on cleaning supplies has increased because of stricter laws addressing hygiene in institutions.
Based on the end-user industry, the global Sodium Sulphate market is segmented into Soaps & Detergents, Textile Industry, Paper & Pulp, Glass Industry, and Others. The Soaps & Detergents Industry is dominating the Sodium Sulphate market. Sodium Sulphate tends to make detergents less chunky and free flow in nature. The Textile Industry is also a prominent consumer of Sodium Sulphate and is anticipated to soar in the upcoming years.
Major players in the production of Global Sodium Sulphate are Nafine Chemical Industry Group Co. Ltd., Jiangsu Yinzhu Chemical Group Co. Ltd., Hongya Qing Yi Jiang Chemical Industry CO.,Ltd., JSC Kuchuksulfate, Industrias Penoles S.A. de C.V, Grupo Industrial Crimidesa S.L, Minera De Santa Marta, S.A., Alkim Alkali Kimya A.S. , Sulquisa S.A, Saskatchewan Mining and Minerals Inc., and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Sulphate which covers production, demand and supply of Sodium Sulphate market in the globe.
• To analyse and forecast the market size of Sodium Sulphate
• To classify and forecast Global Sodium Sulphate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Sulphate market in the globe.
To extract data for Global Sodium Sulphate market, primary research surveys were conducted with Sodium Sulphate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Sulphate market over the coming years.
ChemAnalyst calculated Sodium Sulphate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Sodium Sulphate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Sulphate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Sulphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Sulphate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Sulphate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size Volume in 2022
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11.4 million tonnes
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Market size Volume by 2032
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16.5 million tonnes
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Growth Rate
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CAGR of 3.91% from 2023 to 2032
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Base year for estimation
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2023
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Historical Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process, Policy and Regulatory Landscape,
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Segments covered
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By End-Use: (Soaps & Detergents, Textile Industry, Paper & Pulp, Glass Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
