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Report ID: SQMIG15B2096
Report ID:
SQMIG15B2096 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
90 |
Figures:
66
Global Sodium Sulphate Market size was valued at USD 1.57 billion in 2022 and is poised to grow from USD 1.64 billion in 2023 to USD 2.31 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024- 2031).
Sodium sulfate finds widespread use across various industries, serving as a laxative and a fining agent. In the glass manufacturing sector, it acts as a fining agent, preventing bubble formation by collecting scums.
Additionally, advancements in technology have enabled the use of sodium sulfate in solar energy storage. Its high energy requirement to change from solid to liquid makes it ideal for storing large amounts of energy for a given mass, making it a potential candidate for solar energy applications.
The growing demand for solar energy is expected to drive the market's growth. However, caution must be exercised as sodium sulfate is not recommended for individuals with stomach and spleen disorders, particularly among the elderly. The lack of sufficient warning labels on products containing sodium sulfate poses a potential hindrance to the market's expansion. Manufacturers should address this concern to ensure consumer safety and foster further growth in the sodium sulfate market.
US Sodium Sulphate Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15B2096