Global Sodium Sulfate Market Growth 2019-2024 Research report provides market by region, Key Manufacturers profiles, demands, trends, growth factor, CAGR in terms of revenue and forecasts 2024.
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The Sodium Sulfate Market is dominated by China. China is the largest production and consumption region. It is because that there are inland salt lakes located in China. Most of products in China are natural product. In 2017, China produced 12581.7 K MT Sodium sulfate, which takes about 79.2% production market share in the world. Europe takes 14.7% production market and it’s the second largest production area. And Spain is takes most of the production of sodium sulfate in Europe. China and Spain are the leaders of the global market. China’s products are cheap. China is the world’s largest exporting country. In 2016, China exported 3634 K MT of sodium sulfate. Brazil, Southeast Asia, India, Africa and the Middle East are the main import regions. Spain is the second largest exporting country. Each year, more than 80% of the sodium sulfate is exported to Europe inland and South America.
Sodium Sulfate Market has many applications in many industries. Among the applications, detergent and cleaning agent are the most popular one. Glass industry, cellulose and paper industry, textile and leather industry are also important applications of sodium sulfate. Other applications like feed and pharmaceutical industry only take a small share of total consumption.
Overall economic performance will continue to be the best indicator of future demand for sodium sulfate Market. Demand in most downstream markets is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies.
China is the largest consumption region and it consumed 9126.4 K MT of sodium sulfate, which takes about 57.4% of total consumption share. Europe consumed about 9.3% of the total sodium sulfate in 2017, which is about 1478.3 K MT. Southeast Asia and South America takes 6.88% and 3.42% of total consumption market share in 2017.The US consumption market is smaller. In the past 20 years, the US consumption market is almost stagnant. In Europe, Portugal, Britain, France, Germany and Poland are the main consumption areas. In Southeast Asia, Thailand, Indonesia is the main consumer country. In South America, Brazil and Argentina are the main consumer areas. Brazil holds more than 75% of South America’s consumer market.
At present, Chinese enterprises have large-scale excess capacity. The continued expansion of Chinese companies has led to a bad form of the industry. In the past two years, the Chinese government has established a strict environmental protection policy for this industry, which has caused the price of sodium sulfate to start rising.
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According to this study, over the next five years the Sodium Sulfate market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 1440 million by 2024, from US$ 1240 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Sodium Sulfate business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Sulfate market by product type, application, key manufacturers and key regions and countries.
This study considers the Sodium Sulfate Market value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
– Natural Product Sodium Sulfate
– Byproduct Sodium Sulfate
– Other Switches
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
– Detergent and Cleaning Agent Industry
– Glass Industry
– Cellulose and Paper Industry
– Textile and Leather Industry
– Other
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
– NaFine Chemical Industry Group
– Jiangsu Yinzhu Chemical
– Sichuan Union Xinli Chemcial
– Huaian Salt Chemical
– Hongya Qingyijiang Sodium Sulphate
– Grupo Industrial Crimidesa
– MINERA DE SANTA MARTA
– Alkim Alkali
– Lenzing Group
– S.A. SULQUISA
– Sichuan Meishan Tianhe Chemical
– Saskatchewan Mining and Minerals
– Hunan Light Industry & Salt Industry Group
– Perstorp
– Cordenka
– Adisseo
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
– To study and analyze the global Sodium Sulfate Market consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
– To understand the structure of Sodium Sulfate market by identifying its various subsegments.
– Focuses on the key global Sodium Sulfate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
– To analyze the Sodium Sulfate with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
– To project the consumption of Sodium Sulfate submarkets, with respect to key regions (along with their respective key countries).
– To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
– To strategically profile the key players and comprehensively analyze their growth strategies.
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Source URL: https://marketersmedia.com/sodium-sulfate-market-size-will-reach-us-1440-million-by-2024/480462
Source: MarketersMedia
Release ID: 480462
