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市場調查報告書

商品編碼

1090193

全球硫酸鈉市場

Sodium Sulfate Market

出版日期: 2022年06月07日 | 出版商:

IndustryARC | 英文 142 Pages | 商品交期: 2-3個工作天內

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簡介目錄

預計硫酸鈉市場將從 2022 年到 2027 年以 3.8% 的複合年增長率增長，到 2027 年增長到 18 億美元。

按地區劃分，由於新興國家的個人護理和化妝品、紡織品和服裝等終端用戶行業的增長，亞太地區處於市場領先地位。食品和飲料行業的快速增長以及對硫酸鈉作為食品添加劑的需求不斷增加是推動市場增長的主要因素之一。在不久的將來，由於建築和施工活動的增加以及對太陽能儲存的需求增加，預計對硫酸鈉的需求將會增加。

本報告調查全球硫酸鈉市場，定義和概述市場，分析影響市場增長的各種影響因素，市場規模的變化/預測，並按類別/地區/主要國家細分。，競爭環境，概況大公司等

The 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. Sodium sulfate is an inorganic compound in a white crystalline solid or powder, used in the production of kraft paper, glass, paperboard, food ingredient and detergents; as well as a raw material for various chemicals such as hydrochloric acid. Globally, in the glass industry, sodium sulfate heptahydrate is used for rapid cooling of a solution, which aids in the removal of small air bubbles from molten glass. Additionally, as technology advances, sodium sulfate is being used in solar energy storage. To change from solid to liquid, sodium sulfate requires a lot of energy, which highlights its ability to store a lot of energy for a given mass. According to Solar Energy Industry Association, the US solar market installed a record 23.6 GW of solar capacity in 2021, which is a 19% increase as compared to 2020. The U.S. Solar accounted for 46% of all new electricity-generating capacity added in 2021. As a result, the rising demand for solar energy is estimated to propel the sodium sulfate industry forward. Moreover, the demand for cleaning products; such as soap and detergents; has been increasing due to rising awareness about cleanliness and high focus on sanitation and in turn increasing demand for the production of cleaning products such as soaps and detergents to meet the increasing demand. For instance, according to the Chemical and Petrochemical Statistics at a Glance 2020 report released by the Government of India, Ministry of Chemicals and Fertilizers, and Department of Chemicals and Petrochemicals, the manufacture of synthetic detergents, increased from 596000'MT in 2014-2015 to 687000'MT in 2018-2019. Thus, the increase in the production of soaps & detergents is fueling up the sodium sulfate market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities, to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from various end-use sectors. Therefore, the rise in the production of glass, concrete, paper & pulp, soaps & detergents and others; will increase the demand for the sodium sulfate market during the forecast period.

Report Coverage

The report: "Sodium Sulfate Market Report - Forecast (2022-2027)", by IndustryARC, covers an in-depth analysis of the following segments in the sodium sulfate industry.

By Grade: Food Grade, Technical Grade, and Pharma Grade.

By Packaging: Bottle, Bag (HDPE Bag and PP Bag) and Others.

By Application: Food Additives, Concrete, Glass, Soaps and Detergents, Plasticizer, Pulp & Paper, Solar Energy, Fertilizers, and Others.

By End-Use Industry: Building and Construction, Personal Care and Cosmetics, Textile and Apparel, Food and Beverages, Agrochemicals and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Belgium, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zeeland, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

The Asia Pacific is expected to register a CAGR of 4.3% during the forecast period 2022-2027. The demand for sodium sulfate, in various sectors such as personal care & cosmetics, textile & apparel and other industries, is increasing. In the emerging economies, Asian countries such as China, India, Japan and South Korea are driving the sodium sulfate market.

The rapid growth of the food and beverage sector and an increase in demand for sodium sulfate as additives in food ingredients is one of the primary factors driving the market growth.

Robust demand for sodium sulfate in building construction materials is expected to rise with the growing building and construction activities; and increasing need for solar energy storage in the forecast period.

Sodium Sulfate Market Segment Analysis - By Application

The soaps and detergents segment accounted for around 63.7% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. The properties of sodium sulfate allow the detergent powder to flow freely. Sodium sulfate is a filler in a detergent powder that allows the concentration of active matter in the powder to be adjusted as required. Also, in cleaners such as powdered laundry detergent, powdered dish detergent, and powdered carpet powder sodium sulfate is utilized. From commercial coffee makers to driveways, garages and swimming pools, sodium sulfate can be used to clean a wide range of surfaces. In the year 2020, owing to the rising consumer hygiene awareness the demand for soaps and detergents increased. Moreover, the increasing growth of innovative soaps and detergent products is also driving the sodium sulfate market growth. For instance, in 2021 surf excel launched a single-use soluble liquid detergent capsule with a unique three-chamber design. The product is capable of long-lasting fragrance, advanced stain removal, and care for fabrics. Thus, such new product launches related to soaps and detergents are driving the growth of the sodium sulfate market.

Sodium Sulfate Market Segment Analysis - By End-Use Industry

The personal care, cosmetics & Homecare segment accounted for approximately 67.4% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Sodium sulfate is primarily used in the personal care and cosmetics industry as a cleansing agent in various applications such as in shower gels, shampoos, conditioners, exfoliants, facial cleansing gels, personal hygiene products, liquid hand soaps, toothpaste and other applications. The personal care and cosmetics industry is rapidly increasing in various regions, due to which the demand for sodium sulfate is also rising. For instance, according to the International Trade Administration, Indonesia, in 2021, the revenues in the personal care and cosmetics industry are projected to reach US$7.5 billion and are estimated to rise at a 6.5% compound annual growth rate through 2025. Similarly, the total local production, in Mexico, of personal care and cosmetics products, is estimated to rise up to US$ 7.15 billion in 2021, from US$ 7.14 billion in 2020. The increasing growth in the personal care and cosmetics industry is expected to accelerate the growth of the sodium sulfate market during the forecast period.

Sodium Sulfate Market Segment Analysis - By Geography

Asia Pacific region held the largest share in the sodium sulfate market in 2021 up to 58.9%, owing to the growing industrial, automotive, residential, commercial, and large infrastructure projects, in developing countries like China, India, Indonesia, and others. The main factor behind this is the increasing demand for sodium sulfate from the building & construction and solar industries of the region. The use of sodium sulfate as a purifying agent, helps remove small air bubbles from molten glass and for thermal energy storage in solar panels, is propelling its market growth. For instance, according to Rystad Energy, the total renewable energy capacity including solar energy will increase from 517 GW in 2020 to 815 GW by 2025 in the Asia-Pacific region. The total capacity of solar energy in the region is expected to reach from around 215 GW to 382 GW by 2025. Furthermore, in August 2021, New Zealand's Auckland Airport announced its plans to build 100 retail stores. The new retail area will include the construction of a 23,000-square-meters outlet center near the airport's north-eastern boundary. Therefore, a surging development in solar energy and building & construction sectors in the Asia-Pacific region is expected to increase the demand for sodium sulfate. And that is used in solar panels, photovoltaic modules and in buildings such as glass windows and more. This is expected to boost the growth of the market in the Asia-Pacific region during the forecast period.

Sodium Sulfate Market Drivers:

Increasing demand for sodium sulfate in the textile & apparel sector

Sodium sulfate is a common electrolyte or dye additive used in the dyeing of many materials to improve dye penetration and absorption onto fibers. Changing industry trends and an increase in demand for colored and printed fabrics will boost the demand for textile dyes, inclining the use of sodium sulfate in the textile dyeing process. Also, an increase in the production of fabrics and clothes is expected to increase sodium sulfate consumption in the textile industry. According to the Ministry of Industry and Information Technology of China, the combined operating revenue of 12,510 major garment companies is around 779.9 billion yuan (US$120.8 billion), up 11.04% year-on-year from January to July 2021. The total profits are around 33.2 billion yuan (US$4.82 billion), increased to 9.81% from the same period. Moreover, China's exports of garments and accessories increased 32.9% year on year to US$88.1 billion in 2021. In the forecasted timeframe, increasing penetration of organized retail stores, as well as changing fashion trends, is also anticipated to boost the sodium sulfate market value.

Surging Growth of Modern Construction Buildings

Sodium sulfate is used for the production of colored and flat glass which is generally utilized in housing construction. The construction industry's expansion has fuelled the demand for glass, especially in modern buildings where it is commonly used in exteriors and interiors of the building. Rising residential and commercial construction along with increasing demand for flat glass has driven the growth of the sodium sulfate industry. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, monthly new construction release published in May 2022, there were 1,819,000 building permits issued and construction begins for 1,724,000 units in April 2022. Additionally, according to Statistics of Canada, total building construction investment surged by 1.8% to US$20.3 billion with the residential building reaching $11.7 billion in March 2022. Furthermore, due to an increase in consumer preference for artificial facades, the demand for the sodium sulfate market is also estimated to grow during the forecast period.

Sodium Sulfate Market Challenges:

Health Effects Associated with Sodium Sulfate

One of the major challenges that the sodium sulfate market faces is acute health effects. Sulfates are inadequately absorbed orally, but they can cause diarrhea and eye irritation. This material can even cause skin inflammation in some people and exacerbate any pre-existing dermatitis condition. Although skin contact is not thought to be harmful to one's health, the material could still cause harm if it enters the body through wounds, lesions or abrasions. Entering the bloodstream through cuts, abrasions or lesions can cause systemic injury with pernicious consequences. Chronic health effects can also be caused due to sodium sulfate. Long-term exposure to respiratory irritants can cause airway disease, which can cause difficulty in breathing and other systemic issues. Thus, due to such harmful effects, the market for sodium sulfate is estimated to get hindered over the projected period.

Sodium Sulfate Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the sodium sulfate market.

Global list of the Top 10 sodium sulfate companies 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.
Norilsk Nickel

1. Sodium Sulfate Market- Market Overview

1.1 Definitions and Scope

2. Sodium Sulfate Market- Executive Summary

2.1 Key Trends by Grade
2.2 Key Trends by Packaging
2.3 Key Trends by Application
2.4 Key Trends by End-use Industry
2.5 Key Trends by Geography

3. Sodium Sulfate Market- Comparative analysis

3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)

4. Sodium Sulfate Market - Market Forces

4.1 Market Drivers
4.2 Market Constraints
4.3 Porters Five Force Model
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Powers of Buyers
- 4.3.3 Threat of New Entrants
- 4.3.4 Competitive Rivalry
- 4.3.5 Threat of Substitutes

5. Sodium Sulfate Market - Strategic Analysis

5.1 Value/Supply Chain Analysis
5.2 Opportunity Analysis
5.3 Product/Market Life Cycle
5.4 Distributor Analysis - Major Companies

6. Sodium Sulfate Market - By Grade (Market Size -US$ Million/Billion)

6.1 Food Grade
6.2 Technical Grade
6.3 Pharma Grade

7. Sodium Sulfate Market - By Packaging (Market Size -US$ Million/Billion)

7.1 Bottle
7.2 Bag
- 7.2.1 HDPE Bag
- 7.2.2 PP Bag
7.3 Others

8. Sodium Sulfate Market - By Application (Market Size -US$ Million/Billion)

8.1 Food Additives
8.2 Concrete
8.3 Glass
8.4 Soaps and Detergents
8.5 Plasticizer
8.6 Pulp & Paper
8.7 Solar Energy
8.8 Fertilizers
8.9 Others

9. Sodium Sulfate Market - By End-Use Industry (Market Size -US$ Million/Billion)

9.1 Building & Construction
- 9.1.1 Residential Construction
- 9.1.2 Commercial Construction
- 9.1.3 Infrastructure
- 9.1.4 Others
9.2 Personal Care & Cosmetics
- 9.2.1 Skin Care
- 9.2.2 Hair Care
- 9.2.3 Deodorants & Antiperspirants
- 9.2.4 Others
9.3 Textile & Apparel
9.4 Food & Beverage
9.5 Agrochemicals
9.6 Others

10. Sodium Sulfate Market - By Geography (Market Size -US$ Million/Billion)

10.1 North America
- 10.1.1 USA
- 10.1.2 Canada
- 10.1.3 Mexico
10.2 Europe
- 10.2.1 UK
- 10.2.2 Germany
- 10.2.3 France
- 10.2.4 Italy
- 10.2.5 Netherlands
- 10.2.6 Spain
- 10.2.7 Russia
- 10.2.8 Belgium
- 10.2.9 Rest of Europe
10.3 Asia-Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Australia and New Zealand
- 10.3.6 Indonesia
- 10.3.7 Taiwan
- 10.3.8 Malaysia
- 10.3.9 Rest of APAC
10.4 South America
- 10.4.1 Brazil
- 10.4.2 Argentina
- 10.4.3 Colombia
- 10.4.4 Chile
- 10.4.5 Rest of South America
10.5 Rest of the World
- 10.5.1 Middle East
  - 10.5.1.1 Saudi Arabia
  - 10.5.1.2 UAE
  - 10.5.1.3 Israel
  - 10.5.1.4 Rest of the Middle East
- 10.5.2 Africa
  - 10.5.2.1 South Africa
  - 10.5.2.2 Nigeria
  - 10.5.2.3 Rest of Africa