SELBYVILLE, Del., April 22, 2021 /PRNewswire/ — According to the report published by Global Market Insights Inc., the global Sodium Sulphate Market size was estimated at $955 million in 2020 and is slated to surpass $1,335 million by 2027, registering a CAGR of 4.4% from 2021 to 2027.
The product is an inorganic compound that is solid and white in color in all forms. It has electrostatically bonded ionic sulphate and is highly water-soluble.
The natural sodium sulphate segment should grow at a CAGR of over 4.0% owing to rising product demand for wood and paper production.
On the other hand, glass applications are likely to surpass USD 240 million by 2027 owing to its product ability to remove air bubbles during glass production.
COVID 19 outbreak has led to increased awareness among consumers about hygiene and cleanliness which is expected to foster the sodium sulphate market revenue for bath additive application.
Europe registers over 4.4% gains by 2027 owing to the emphasis on reducing single-use of plastic products and adoption of sustainable products.
Notable market players analyzed in the sodium sulphate industry report include Nippon Chemical Industrial Co., Elementis Plc., Lenzing AG, Shikoku Chemicals Corporation, Atul Limited, Nikunj Chemicals, Cooper Natural resources Inc, Searles valley minerals, Sigma Aldrich and TCI Chemicals.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider.
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