Solar Thermal Power Plants Endows Attractive Revenue Streams to Players in Sodium Sulfate Market, Worth to Exceed US$ 2.6 Bn by 2031: TMR

ALBANY, N.Y., May 19, 2021 /PRNewswire/ -- The chemistries behind sodium sulfate have progressed remarkably over the past few decades, with the inorganic compound becoming almost ubiquitous. Ranging from use in powdered detergents, to fining agent in glassmaking, to paper production, to numerous chemicals of commercial value, the compound has been utilized in several end-use industries. Thus, the revenues in the sodium sulfate market have thrived from growing use in textiles, automotive, surfactants and construction sectors. Extensive utilization of sodium sulfate in home laundry detergents is a key trend that has propelled revenue growth over the decades.

ALBANY, N.Y., May 19, 2021 /PRNewswire/ -- The chemistries behind sodium sulfate have progressed remarkably over the past few decades, with the inorganic compound becoming almost ubiquitous. Ranging from use in powdered detergents, to fining agent in glassmaking, to paper production, to numerous chemicals of commercial value, the compound has been utilized in several end-use industries. Thus, the revenues in the sodium sulfate market have thrived from growing use in textiles, automotive, surfactants and construction sectors. Extensive utilization of sodium sulfate in home laundry detergents is a key trend that has propelled revenue growth over the decades.

Most recently and substantially, huge demand in the market has come from its use in solar power production, and continue to make strides due to rapidly emerging solar energy generation worldwide. The sodium sulfate market is projected to expand at CAGR of ~4% from 2021 to 2031, thereby making the revenues to surpass US$ 2.6 Bn by 2031.

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