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Sodium Sulphate Market to Garner $1.6 Billion, Globally, By 2030 at 4.6% CAGR, Says Allied Market Research
Increase in use of soaps and detergents and rise in demand for use in solar energy storage devices drive the growth of the global sodium sulphate market. However, easily available substitutes and limited new uses for the product hinder the market growth. On the contrary, untapped potential and emergence of new markets would open new opportunities in the future.
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By product, the natural segment held the largest share in 2020, accounting for nearly two-thirds of the global sodium sulphate market. Moreover, the segment is expected to register the highest CAGR of 4.7% during the forecast period, owing to rise in production output of pulp and paper industries. The report includes an analysis of the synthetic segment as well.
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By applications, the soaps and detergents segment would showcase the highest CAGR of 4.9% from 2021 to 2030. In addition, the segment held the largest share in 2020, contributing to more than two-fifths of the global sodium sulphate market, due to its properties of sodium sulphate that enables the detergent powder to flow freely. The report includes an analysis of segments such as textile, glass, pulp & paper, and others.
By region, the global sodium sulphate market across
Asia-Pacific , followed by North America , held the lion's share in 2020, accounting for nearly three-fifths of the market. Moreover, the region would showcase the highest CAGR of 4.8% from 2021 to 2030, owing to high consumption of the product in China for a variety of applications including textiles and soaps & detergents.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar , the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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