세계의 황산나트륨 시장
Sodium Sulfate Market
황산나트륨 시장 규모는 2022-2027년 3.8%의 CAGR로 추이하며, 2027년에는 18억 달러 규모로 성장할 것으로 예측됩니다.
신흥 국가에서 퍼스널케어 & 화장품, 섬유 & 의류 등 최종사용자 산업의 성장에 의해 지역별로는 아시아태평양이 이 시장을 선도하고 있습니다. 식품 및 음료 분야의 급성장과 식품첨가물로서 황산나트륨의 수요 증가가 시장의 성장을 촉진하는 주요 요인의 하나입니다. 또한 향후 건축·건설 활동의 활발화 및 태양에너지 저장 요구의 증가에 의해 황산나트륨의 수요는 증가할 것으로 예상되고 있습니다.
세계의 황산나트륨 시장을 조사했으며, 시장의 정의와 개요, 시장 성장에 대한 각종 영향요인 분석, 시장 규모의 추이·예측, 각종 부문·지역/주요 국가별 내역, 경쟁 환경, 주요 기업의 개요 등을 정리하여 전해드립니다.
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.
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.
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.
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.
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.
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 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.
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.
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.
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:
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