The market for sodium sulfate is being driven due to the rising demand for sodium sulfate for the manufacturing of glass, paper & pulp, plasticizers, concrete, and others. These products are widely used in various end-use industries such as building construction, the solar industry, soaps & detergents, and others. The rise in the development of these industries will eventually drive the sodium sulfate market. For instance, in December 2020, Emerge Glass, an existing flat glass manufacturer, announced that it will begin the commercial production of container glass with a designed capacity of 210 tonnes per day in Behror, Rajasthan. Additionally, in March 2022 Saint Gobain, a French glassmaker, started a new float-glass line at its integrated glass manufacturing facility in Sriperumbudur, near Chennai. Globally, the rising growth of new glass manufacturing units is considered one of the major factors driving the demand for the sodium sulfate market. Sodium sulfate market size is forecast to reach US$1.86 billion by 2027, after growing at a CAGR of 3.8% during 2022-2027. 

Also, Sodium sulfate has expanded its application in the energy industry. According to the Global Outlook for Solar Power Industry published by the Global Solar Council, a total of 138.2 GW solar PV capacity was installed across the world during 2020, which indicated an increase of 18% in comparison to 117.6 GW solar in the year 2019. China was the leading country with 48.2 GW of solar PV capacity installed in 2020. This is followed by the US with 19.3 GW, Vietnam with 11.6 GW, Japan with 8.2 GW, and Australia with 5.1 GW of total solar PV capacity installed by 2020. Thus, such a surging implementation of solar energy along with the growth of the solar power industry is expected to increase the demand for sodium sulfate for use in solar panels, photovoltaic modules, and other solar applications in the upcoming years.

Moreover, the rise in the development of green construction has grown as they are considered to be environmentally friendly, and durable, reducing the risk of deterioration of the structure, and optical glass reflects the sun’s harmful UV rays. Window glass and concrete made from sodium sulfate are highly preferable in green building construction. This means facility managers and property owners can save thousands of dollars by cutting their facility’s cooling costs during the warm summer months and reducing the HVAC system workloads. Thus, the construction and building sector is providing a powerful tool to stimulate the economy, by moving the whole sector to a new and greener place. Besides, green buildings can achieve massive long-term savings in cost and greenhouse gas (GHG) emissions. Thus, the demand for sodium sulfate is also simultaneously increasing due to its cost-effective and eco-friendly nature. For instance, in 2020 the International Energy Agency (IEA) estimates that sustainable buildings can save up to US$1.1 trillion by 2050 in long-term construction spending. Green housing construction is already a priority in many of the region’s countries, and meeting stated goals and expected demand for housing will create an estimated investment opportunity of US$4.1 trillion in green buildings. Thus, positively impacting the sodium sulfate market.

Additionally, the surge in the demand for cleaning products is predicted to boost the sodium sulfate market during the forecast period. In recent years, with the rising awareness regarding health & hygiene due to covid 19 pandemic, the demand for the health and hygiene products such as detergent and personal care products is also rising. Sodium sulfate is used mostly in the production of detergents. For instance, according to the Indian Brand Equity Foundation, in August 2021, Soothe Healthcare, an Indian personal hygiene products brand, invested US$ 17.54 million in a Series-C round of funding from A91 Partner Partners. Additionally, in 2021, Godrej Consumer Products Limited (GCPL) expanded its laundry portfolio and P&G launched a new line of laundry care products. Thus, the increment in the demand for health and hygiene products, will increase the usage of detergents and will drive the sodium sulfate market growth. Additionally, the detergents are extensively being used in hospitals for cleaning and washing purposes of the apparel of healthcare workers and patients. Therefore, the rising investments in hospitals to increase the workforce and inpatient capacity is driving the market growth. For instance, the Manitoba government announced US$5million, to increase inpatient capacity and to raise the number of endoscopies and surgeries, by renovating the Dauphin Regional Health Centre.

Asia-Pacific region dominated the sodium sulfate market in terms of revenue with a share of 58.9% in 2021 and is projected to dominate the market at a CAGR of 4.3% by revenue during the forecast period (2022-2027). In developing countries such as India, South Korea, and Malaysia, the increasing demand for sodium sulfate from the building & construction, and solar energy sectors is driving the sodium sulfate market. The use of sodium sulfate as a fining agent, to help remove small air bubbles from molten glass and for thermal energy storage in solar panels, is driving the sodium sulfate market. For instance, Sembcorp Floating Solar Singapore, a wholly-owned subsidiary of Sembcorp Industries (Sembcorp), and National Water Agency PUB, have opened the Sembcorp Tengeh Floating Solar Farm at the Tengeh Reservoir in July 2021 with 122,000 solar panels spanning across 45 hectares, the 60 megawatt-peak (MWp) solar photovoltaic (PV) farm is one of the world’s largest inland floating solar PV systems. Furthermore, the Shanghai Chip Manufacturing Plant of value at US$8,870 million begins construction in early 2022. The project involves the construction of a 12-inch wafer manufacturing plant in Shanghai, China, and is expected to be completed in the third quarter of 2024. Thus, such surging development related to solar energy and building & construction sectors in the Asia-Pacific region is expected to boost the demand for sodium sulfate for use in solar panels, photovoltaic modules, and buildings such as in concrete, glass windows, and more.

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Sodium Sulfate Market Growth Driver

The Increasing Demand for Sodium Sulfate in the Food and Beverage Industry

In the food and beverage industry, sodium sulfate finds its usage as animal feed and as a diluent for food color. Sodium Sulfate anhydrous food grade appears as a white, crystal powder and is used as an acidity regulator in the food industry. Sodium sulfate as animal feed has positive effects on the dietary electrolyte balance (DEB) and additional benefits on feed and litter quality and is a cost-effective alternative to sodium bicarbonate. The rising growth of animal feed will drive the sodium sulfate market growth. For instance, according to Invest India, in 2020, the demand for overall Animal feed was valued at US$8.3 billion with a growth rate of 4.3% over the previous year. Furthermore, the increasing growth of the food and beverage industry will drive the demand for sodium sulfate. For instance, according to the China Chain Store & Franchise Association, China's food and beverage (F&B) sector reached approximately US$595 billion in 2019, with a 7.8% increase over 2018. Additionally, according to the governments of Canada and Ontario, the governments invested US$6 million in projects to help Ontario food and beverage processors to increase their competitive edge, adapt to challenges as we move beyond the pandemic, and improve their operations. Thus, with the rising growth and increasing investments in the food and beverage sector, the market for sodium sulfate will further rise over the forecast period

The Major Players in this Market Include

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the sodium sulfate market. Global sodium sulfate top 10 players include: Shikoku Chemicals Corporation, Industrias Penoles S.A. de C.V, Minera De Santa Marta S.A. (SAMCA Group), JSC Kuchuksulfate, Volzhsky Orgsynthese, JSC, Alkim Alkali Kimya A.S., Lenzing AG, S.A.U. Sulquisa (Minersa Group), China Nafine Group International Co. Ltd., and Norilsk Nickel among others.

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