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Wilmington, Delaware, Nov. 10, 2023 (GLOBE NEWSWIRE) —
Global Sodium Sulfate Market size is valued at US$ 1,082.9 million in 2023 and is predicted to rise at a substantial CAGR of 10.4% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
The factors contributing to the growth of the market include diverse industrial applications, growing detergent industry, increased paper and pulp production, increasing chemical manufacturing, and others. Sodium sulfate is widely used across multiple industries, including detergents, textiles, glass, paper, and chemical manufacturing. Its versatility makes it a valuable ingredient in these sectors, driving the demand for sodium sulfate.
Further, the detergent industry is a significant consumer of sodium sulfate. As the global population increases, the demand for detergents and cleaning agents also rises. Sodium sulfate is used as a filler, bulking agent, and viscosity controller in detergent formulations, supporting the growth of the market.
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Global Sodium Sulfate Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the sodium sulfate market growth include Nippon Chemical Industrial Co., Ltd., China National Salt Industry Corporation (CNSIC), Elementis plc, Cooper Natural Resources, Saskatchewan Mining and Minerals Inc., Alkim Alkali Kimya A.S., Cordenka GmbH & Co. KG, Lenzing AG, Grupo Industrial Crimidesa, and XinLi Chemical Co. Ltd., among others.
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RationalStat has segmented the sodium sulfate market based on type, application, and region
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Key Questions Answered in the Sodium Sulfate Report:
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