How is Thriving Construction Sector Powering Growth in Global Sodium Sulphate Market?
One
of the biggest factors responsible for the growth in the demand for sodium
sulphate (Na2SO4) across the globe is the rising consumption
of powdered detergents, especially in the various emerging economies of
Asia-Pacific (APAC), Latin America (LATAM), and Africa, such as India, China,
Colombia, Chile, Brazil, Vietnam, Thailand, Indonesia, and the Philippines.
Moreover, the increasing shift toward machine-based washing of clothes has
boosted the demand for sodium sulphate, for use in various soap and detergent
formulations, across the world.
The
other major factor fuelling the rise in the demand for the salt is the
ballooning need for glass in various construction activities. Glass is
increasingly being preferred over bricks and cement in the construction of
modern buildings, which is powering the surge in its demand. Furthermore, Na2SO4
is used as a fining agent in glass manufacturing, which helps in reducing small
air bubbles from molten glass. In addition to this, the rising customer
preference for artificial facades is another factor responsible for the
burgeoning demand for the chemical.
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Due
to these factors, the global sodium sulphate market is expected to
advance at a CAGR of 2.6% during the forecast period (2019–2024) and witness an
increase in its revenue from $2,019.3 million in 2018 to more than $2,109.4
million by 2024. The salt is widely used in the manufacturing of soaps and
detergents, pulp and paper, glass, and textiles. Amongst these, the highest
usage of sodium sulphate was observed in the manufacturing of soaps and
detergents in 2018, mainly due to the material’s ability to be used as a filler
in detergent powder, which helps in the effective retention of moisture.
Geographically,
the highest demand for sodium sulphate was observed in Asia-Pacific (APAC) in
2018, and this trend is expected to continue during the forecast period. This
is mainly attributed to the wide-scale utilization of the chemical in various
processes, such as soap, detergent, and textile manufacturing, in China. In
addition to this, the Chinese personal care sector has witnessed massive growth
in the recent years, which is further contributing to the increasing
utilization of sodium sulphate in the production of shampoos, body washes, soap
bars, and many other personal care and hygiene products.
Because of the above-mentioned reasons, in
APAC, China is expected to record the highest usage of Na2SO4 in
the coming years. Additionally, the country is also predicted to record the
highest production of sodium sulphate in future, primarily due to the rising
exports of this chemical from the country to the U.S. and numerous European and
LATAM countries. The popularity of China-made salt in other Asian countries,
such as Vietnam, Cambodia, the Philippines, Thailand, and South Korea, is also
fuelling the surge in the sodium sulphate market of the country.
Therefore,
due to the rising need for sodium sulphate in the manufacturing of glass and
soaps and detergents, on account of its numerous advantages, the demand for it
is set to witness tremendous growth in the coming years.
