Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 89.74 Million | USD 131.48 Million | 4.89% | 2022 |
The global sodium sulfate market size was worth around USD 89.74 Million in 2022 and is predicted to grow to around USD 131.48 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.89% between 2023 and 2030.
The report analyzes the global sodium sulfate market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sodium sulfate industry.
Sodium sulfite is prepared by reacting the sodium salt of sulfurous acid with sodium sulfate. It is widely used as a preservative for meat. It further helps prevent the discoloration of dried fruit. Sodium sulfite is white and further converts elemental halogens like bromide and chloride into their respective hydraulic acid. It is available in crystal form and is used for lowering the chlorine levels in photography and pools. Sodium sulfite also functions as desulfurizing, dechlorinating, and bleaching agents.
Sodium sulfite agents are also utilized to make the appearance of food products fresh. However, it is also adopted as a component in different drugs to preserve their potential and stability. Sodium sulfite is a vital compound in the food & beverage and chemical sectors that helps extend the shelf life of food, beverage, and chemical products.
The global sodium sulfite market is likely to witness an exponential growth rate with an average CAGR of 4.6% during the forecast period. The growing awareness among people regarding their health, along with the significant spike in demand for nutritious food and purified water, are the most important factors promulgating the growth of the global market during the forecast period. However, some macro factors like growing economies globally, a significant spike in the disposable income of the people, and a high rate of urbanization are also likely to complement the growth of the market. The fast-growing food and beverage sector globally, coupled with the high demand for convenience in packaged food, will strengthen the demand for sodium sulfite.
The busy lifestyle of people is fueling the requirement for processed and packaged food. However, the paper and pulp sector is witnessing a huge requirement for qualitative products, which in turn is likely to increase the demand for sodium sulfide in the coming years. The growing use of sodium sulfite as a preservative is estimated to grow in the coming years. The outbreak of the COVID-19 pandemic has significantly impacted the global sodium sulfite market. Therefore, the market has witnessed downward pressure, but the surging trends and innovations are leading to the development of the global sodium sulfite market in the forthcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Sodium Sulfite Market Research Report |
Market Size in 2022 | USD 89.74 Million |
Market Forecast in 2030 | USD 131.48 Million |
Growth Rate | CAGR of 4.89% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | Lenzing AG, TCI Chemicals, Atul Limited, Nippon Chemical Industrial Co., Borden & Remington Corp., The Aditya Birla Group, Godavari Biorefineries Ltd., ECOBAT Technologies Ltd, and Sigma-Aldrich Co. LLC., And Others |
Segments Covered | By Product, By Application, By Form, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global sodium sulfite market can be segmented into application, form, product, and region.
By application, the market and the segment into pulp & paper, graph, textiles, soap & detergent, and others. The soap & detergent segment accounts for the largest share in the global sodium sulfite market due to its growing demand owing to its properties that help the detergent powder to flow freely. Furthermore, sodium sulfite is also adopted as a filler in detergent powder to aid in the adjustment of concentration in the powder.
By form, the market can be segmented into niter cake, Glauber's salt, salt cake, and others.
By product, the market can be segmented into synthetic and natural. The natural product segment holds the largest share in the global sodium sulfite market due to the spike in the production output of the paper and pulp sectors.
Asia Pacific accounts for the largest share of the global sodium sulfite market due to the growing consumption of the product in growing economies like China for different applications, including textiles, soaps, and detergents. Rapid urbanization and industrialization in the region are other reasons supporting the growth of the recent market.
North America is another leading region in the global sodium sulfite market due to the presence of strong market players in the region.
Some of the significant players in the global sodium sulfite market include
The global sodium sulfite market is segmented as follows:
Global Sodium Sulfite Market: Regional Segment Analysis
What Reports Provide
FrequentlyAsked Questions
The global sodium sulfite market is likely to witness an exponential growth rate with an average CAGR of 4.6% during the forecast period. The growing awareness among people regarding their health, along with the significant spike in demand for nutritious food and purified water, are the most important factors promulgating the growth of the global market during the forecast period.
Some of the significant players in the global sodium sulfite market include Lenzing AG, TCI Chemicals, Atul Limited, Nippon Chemical Industrial Co., Borden & Remington Corp., The Aditya Birla Group, Godavari Biorefineries Ltd., ECOBAT Technologies Ltd, and Sigma-Aldrich Co. LLC.
Asia Pacific accounts for the largest share in the global sodium sulfite market due to the growing consumption of the product in growing economies like China for different applications, including textiles, soaps, and detergent. Rapid urbanization and industrialization in the region are other reasons supporting the growth of the recent market.
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