Global sodium sulfate market to attain a value of US$2.62 bn by 2025 from US$1.89 bn in 2016 by rising at a CAGR of 3.8% from 2017 to 2025.
Albany, NY -- (SBWIRE) -- 11/14/2017 -- Sodium sulfate has an annual production of 6 million tonnes, According to the latest study report titled "Sodium Sulfate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" added into the vast database of Market Research Hub (MRH). Sodium sulfate also called sulfate of soda, is the inorganic compound and highly soluble in water. It is primarily used to produce detergents and available in two forms which are anhydrous and dehydrate. The anhydrous form is formed from mineral thenardite and the dehydrate form is made from mirabilite.
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As per the report analysis, the Asia Pacific region dominated the market for sodium sulfate in terms of value and volume both and also expected to remain dominant with a robust CAGR during the forecast period. It further says that China has been a largest producer as well as consumer of natural sodium sulfate. Due to this, in China, the cost of sodium sulfate is low in comparison to other countries.
The report discusses factors which are driving the market for sodium sulfate as well as the factors which are affecting this market. As per the report, the development of industries dealing with carpet cleaners, glass, soaps & detergents, textiles and kraft pulping is one of the primary reasons that drive the market for sodium sulfate. It further says that the usage of sodium sulfate is majorly observed in soaps & detergents followed by textiles.
The report has analyzed the market for sodium sulfate geographically so shares its future projections for the forecast period basis volume (in Kilo tons) and revenue (US$ Mn) from 2016 to 2025. Please note that 2016 has been considered as the base year. The report has also highlighted opportunities available in the sodium sulfate market globally.
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While preparing for this study report, it is claimed that in-depth interviews and discussions have been conducted with some of the key industry experts. By using primary and secondary research methodologies, teams have gone through press releases, product literature, annual reports and relevant documents for market understanding.
According to the report, the global sodium sulfate market is likely to witness a growth of 3.8% and surpass US$ 2.6 Bn in revenues by the end of forecast period. Asia Pacific excluding Japan continues to be one of the leading markets for sodium sulfate globally. The region is likely to remain central to the growth prospects of the global sodium sulfate market during the forecast period.
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