Global Sodium Sulfate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sodium Sulfate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sodium sulfate (chemical formula: Na2SO4) is a salt formed by the combination of sulfate radicals and sodium ions. Sodium sulfate is soluble in water and glycerol, but insoluble in ethanol. Exposure to air easily absorbs water to form sodium sulfate decahydrate. At 241 ° C, sodium sulfate will transform into hexagonal crystals.

Market Overview:

The latest research study on the global Sodium Sulfate market finds that the global Sodium Sulfate market reached a value of USD 1383.29 million in 2022. It’s expected that the market will achieve USD 1991.08 million by 2028, exhibiting a CAGR of 6.26% during the forecast period.

The market size of the glass industry continues to expand

Sodium Sulfate is used as a plasticizer in glass manufacturing, helps to remove small air bubbles in molten glass, and is used as a glass fining agent in glass production. With the development of the economy and the continuous improvement of people's income level, the construction industry and the automobile industry market continue to develop, and the market scale of the construction industry and the automobile industry continues to expand. Growth in industries such as construction and automotive is driving the market demand for glass. Therefore, the continuous expansion of the market size of the glass industry will be one of the important factors driving the development of the industry.
The market scale of Detergent and Cleaning Agent Industry continues to expand
In the field of Detergent and Cleaning Agent Industry, Sodium Sulfate is widely used as a filler for detergents and soaps, and is one of the main raw materials for detergents. In laundry detergents, for example, Sodium Sulfate enables free-flowing laundry detergents, helping to reduce the cost of laundry detergents. In addition, Sodium Sulfate can also reduce the critical micelle concentration of detergent actives, which can play a cleaning effect when the surfactant concentration in laundry powder is low. With the improvement of people's living standards and the continuous increase in the size of the population, the demand for detergents will also increase accordingly. Therefore, the continuous expansion of the market size of the Detergent and Cleaning Agent Industry is one of the important driving factors driving the development of the industry.

Raw material price availability and price volatility

The main raw materials required for the company's production are Glauber's salt ore, sulfuric acid, sodium hydroxide, etc. The supply of major raw materials and the risk of price fluctuations will have a material adverse impact on the company's continued profitability. The industry characteristics of Sodium Sulfate production enterprises make them rely on major suppliers for raw material procurement. If there are adverse changes in the company's partnership with these key suppliers, or adverse changes in the operations and financial conditions of key suppliers, the company may not be able to purchase normal quantities in a timely and sufficient manner. For example, the mining of thenardite is related to the temperature and precipitation in the location of the Salt Lake. Changes in climatic conditions will have a certain impact on the extraction of thenardite, thereby exposing industry companies to risks in the supply of raw materials. At the same time, the price fluctuation of raw materials will also have an impact on the company's production costs. If the price of raw materials increases, it will cause the production cost of Sodium Sulfate to rise and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, price volatility of raw materials is one of the risks faced by companies in the industry.

Production technology continues to improve

At present, with the continuous expansion of the market size of the industry, the market competition will further intensify, which brings great pressure to the development of some Sodium Sulfate enterprises. Under heavy pressure, some Sodium Sulfate companies have begun to use various methods to improve their competitiveness. To this end, Sodium Sulfate industry companies need to further accelerate new product upgrade iterations and production process optimization through R&D innovation and increased R&D investment. With the tightening of environmental protection policies and the adjustment of industrial policies, the development trend of the industry is bound to be green, efficient and high-quality. If an enterprise wants to develop, it must make efforts in the upgrading and transformation of environmental protection standards, technological innovation, energy saving and efficiency enhancement, so as to enhance the market competitiveness of enterprises. In general, with the continuous development of the Sodium Sulfate industry market, the market has become increasingly tense, and Sodium Sulfate companies have begun to increase investment in production process research and development. This will be one of the trends in the industry.

Region Overview:

In 2021, the share of the Sodium Sulfate market in China stood at 41.17%.

Company Overview:

Nafine Chemical Industry is one of the major players operating in the Sodium Sulfate market, holding a share of 9.48% in 2022.

Nafine Chemical Industry

Founded in April 1996, Nafine Chemical Industry is a large-scale enterprise group and a state-controlled listed company that spans industries and ten provinces across the country. The controlling shareholder is Shanxi Coking Coal Yongcheng Salt Industry Group Co., Ltd. So far, the company has 7 branches and 22 subsidiaries. The Group's products are divided into three series: one is inorganic salt series. The second is the detergent series, including washing powder, soap, laundry liquid and other products, whose production and sales also rank in the forefront of the country. The third is the Salt Lake Tourism and Black Mud series of cosmetics. Nafine group has China largest sodium sulphate inland Salt Lake-Y uncheng Salt Lake, and mining rights of Jiangsu, Sichuan and Hunan' s rich mirabilitemineral resources,and it is comitted to expanding the advantage in the field of mirabilite resources.

Jiangsu Yinzhu Chemical Group Co.

Jiangsu Yinzhu Chemical Group Co., founded in 1994, is a leading enterprise in salt chemical industry and an enterprise supported by the province. The company focuses on the development, production and sales of three series of products: coal chemical, salt chemical and organic fine chemical. The company's main products: Sodium Sulfate, synthetic ammonia 1, various concentrations of nitric acid, sodium nitrate and sodium nitrite, m-phenylenediamine, N,N-dimethylaniline, ethyl chloride, plastic woven bags and container bags, Industrial salt, liquid industrial and food grade carbon dioxide, N,N-dimethyl-m-toluidine, N,N-dimethyl-o-toluidine, cinder block.

Segmentation Overview:

By type, Natural Sodium Sulfate segment accounted for the largest share of market in 2021.

Synthetic Sodium Sulfate

Products referred to in this category are prepared from natural thenardite ore.

Natural Sodium Sulfate

This category refers to products prepared by chemical reactions. For example, it is prepared by the reaction of sulfuric acid and sodium hydroxide.

Application Overview:

The market's largest segment by application is the segment Detergent and Cleaning Agent Industry, with a market share of 41.17% in 2021.

Key Companies in the global Sodium Sulfate market covered in Chapter 3:

Cooper Natural Resources
China National Salt Jintan
Saskatchewan Mining and Minerals
SC Hongya QingYiJiang Sodium Sulphate CO.,Ltd
Perstorp Group
Sichuan Meishan Tianhe Chemical
Birla Cellulose
Nafine Chemical Industry
Lenzing Group
Industrias Peñoles
Minera de Santa Marta
Jiangsu Yinzhu Chemical Group Co.
S.A. SULQUISA
Sichuan Union Xinli Chemcial
Elementis Chromium
Grupo Industrial Crimidesa
JSC Kuchuksulphate
Alkim Alkali
Hunan Light Industry & Salt Industry Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Sulfate market from 2018 to 2029 is primarily split into:

Byproduct Sodium Sulfate
Natural Product Sodium Sulfate
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Sulfate market from 2018 to 2029 covers:

Detergent and Cleaning Agent Industry
Glass Industry
Cellulose and Paper Industry
Textile and Leather Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)