LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global sodium sulfate market to grow at a CAGR of over 1% during the forecast period.
Growth in demand for sodium sulfate as a dyeing agent in the textile industry is one of the major trends being witnessed in the global sodium sulfate market 2019-2023. Sodium sulfate is used as a dyeing agent in the textile industry. It acts as a leveling agent, which reduces the negative charge on the fibers, allowing the dyes to penetrate evenly. During the dyeing process, salt is used to drive the dye into the textile owing to its high affinity for water. The use of salt leads to maximum exhaustion of dye molecules during the process of dyeing.
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According to Technavio’s analysts, one of the key factors contributing to the growth of the global sodium sulfate market is the growing demand for sodium sulfate in China:
Global sodium sulfate market: Growing demand for sodium sulfate in China
Sodium sulfate is a crucial raw material used in the production of glass, wood pulp, and textiles. It is also used for manufacturing detergents. The presence of several emerging countries is expected to drive the demand for sodium sulfate in APAC. Sodium sulfate is extensively used in the textiles, automotive, construction, and surfactants industries of major emerging countries such as China, India, Bangladesh, and Vietnam. The growing textile industry in APAC is a major driver for the market.
According to a senior analyst at Technavio for research on specialty chemicals, “China is one of the largest producers as well as consumers of sodium sulfate. In APAC, the pulp and paper industry is one of the largest consumers for sodium sulfate. The demand for sodium sulfate is expected to increase during the forecast period as sodium sulfate is used in kraft pulping. Countries such as China, India, Malaysia, and Japan use paper products on a large scale. Such factors are expected to drive the demand for sodium sulfate, globally.”
Global sodium sulfate market: Segmentation analysis
The global sodium sulfate market research report provides market segmentation by product (natural sodium sulfate and synthetic sodium sulfate) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The natural sodium sulfate segment held the largest market share in 2018, accounting for nearly 72% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2018 with a market share of nearly 71%. This region is expected to dominate the market through 2023.
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