H1 2023: During H1 2023, prominent producers of Sodium Sulphate on an Asia Pacific scale were Jiangsu Yinzhu Chemical Group Co. Ltd, Nafine Chemical Industry Group Co. Ltd., and Hongya Qing Yi Jiang Chemical Industry Co, Ltd. In the first half of 2023, the Asia Pacific area was the world's top user of sodium sulphate by region. The price of sodium sulphate fluctuated in this area in H1 2023. The market scenario was positive for the first three months of 2023. The demand for sodium sulphate from end-user sectors including the soap and detergent industries has increased during the past three months. The market demand for sodium sulphate led to a significant price increase due to increased industrial production and end-user product sales. Additionally, there weren't as many stocks as there were needed, and the supply was coming in slowly. Due to the interaction of these variables, sodium sulphate prices in Asian countries have increased and the demand-supply ratio has become unstable. Due to weak demand pressure from the downstream detergent, paper pulp, and pharmaceutical industries, sodium sulphate prices increased from April to mid-May before declining from mid-May to June. Due to strong demand from China's downstream industries, sodium sulphate prices increased in the Chinese market, particularly in April and May 2023.
The Asia Pacific Sodium Sulphate market demand stood at 6650 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.08% during the forecast period until 2032.
A white, crystalline solid or powder known as sodium sulphate is used as a raw ingredient to create a wide range of products, including glass, detergents, kraft paper, cardboard, and chemicals. In the glass industry, this salt is used as a fining agent to assist remove tiny air bubbles from molten glass. The Kraft method, sometimes known as the sulphate process, of producing wood pulp, which is widely used to create paper products and building supplies, is one significant application for sodium sulphate.
The use of sodium sulphate by the soap and detergent industries around the world is the main factor driving the Asia Pacific sodium sulphate market. Additionally, sodium sulphate facilitates the flow of the detergent powder. Asia Pacific is expected to continue to be the largest consumer od Sodium Sulphate. The demand for sodium sulphate in the Asia Pacific region is expected to increase during the projection period due to the expanding demand for glass for use in infrastructure development and maintenance projects in developing countries like India, China, and Malaysia as well as increased awareness of hygiene and the use of soaps and detergents. The cost of cleaning materials has gone up as a result of more stringent regulations governing hygiene in institutions. The size of the Asia Pacific Sodium Sulphate market is estimated to reach a volume of 9000 thousand tonnes by 2032.
Based on region, the Asia Pacific is the leading consumer of the Sodium Sulphate market. In 2022, Asia Pacific held a demand of approximately 55% of the Asia Pacific Sodium Sulphate market share. It is anticipated that Asia Pacific will remain the biggest consumer. Based on the region, the APAC Sodium Sulphate market is divided into India, Indonesia, China, Thailand, Malaysia, Japan, South Korea, Philippines and Rest of APAC. China is the top consumer nation in APAC.
Based on the end-user industry, the Asia Pacific Sodium Sulphate market is segmented into Soaps & Detergents, Textile Industry, Paper & Pulp, Glass Industry, and Others. The Soaps & Detergents Industry dominates the Sodium Sulphate market. Detergents tend to become less clumpy and more fluid when sodium sulphate is added. Sodium Sulphate is also widely used in the textile industry, which is expected to grow over the future years.
Major players in the production of Asia Pacific Sodium Sulphate are Indofil Industries Limited, Godavari Biorefineries Ltd., PT. Rayon Utama Makmur, Jiangsu Yinzhu Chemical Group Co. Ltd, Hongya Qing Yi Jiang Chemical Industry CO.,Ltd., CHN Energy Ningxia Coal Group, Nafine Chemical Industry Group Co., Ltd., Chengdu Sanlian Tianquan Chemical Co., Ltd., Sichuan Province Chuanmei Mirabilite Co. Ltd, Thai Rayon (Aditya Birla Group), and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Sulphate which covers production, demand and supply of Sodium Sulphate market in the globe.
• To analyse and forecast the market size of Sodium Sulphate
• To classify and forecast Asia Pacific Sodium Sulphate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Sulphate market in the globe.
To extract data for Asia Pacific Sodium Sulphate market, primary research surveys were conducted with Sodium Sulphate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Asia Pacific Sodium Sulphate market over the coming years.
ChemAnalyst calculated Sodium Sulphate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Sodium Sulphate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Sulphate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Sulphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Sulphate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific Sodium Sulphate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
6650 thousand tonnes
Market size Volume by 2032
9000 thousand tonnes
Growth Rate
CAGR of 3.08% from 2023 to 2032
Base year for estimation
2023
Historical Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Soaps & Detergents, Textile Industry, Paper & Pulp, Glass Industry, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
India, Indonesia, China, Thailand, Malaysia, Japan, South Korea, Philippines and Rest of APAC
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was Asia Pacific market size of Sodium Sulphate in terms of volume in 2022?
Ans:
The Asia Pacific market size of Sodium Sulphate has grown significantly in the historic period of 2015-2022 and reached approximately 6650 thousand tonnes in 2022.
Q2.
Which industry is leading as the leading consumer of Sodium Sulphate?
Ans:
Soaps & Detergents industry is the leading consumer of Sodium Sulphate, which consumed roughly 40% of the Asia Pacific Sodium Sulphate in 2022.
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