Sodium Sulphate Price Trend

Sodium Sulphate Prices December 2023

The price of sodium sulphate in the US was valued at 193 USD/MT. The US market saw a few hurdles, namely, reduced demand from end-users and high inventory levels. The low level of prices followed the above-mentioned surplus, with prices declining due to destocking efforts by producers. Nonetheless, despite the situation, there were conflicting tendencies in the market: the manufacturing industry was expected to continue growing throughout the region.

In Japan, the prices of the sodium sulphate market were negatively oriented based on the weak support of sodium chloride as feedstock and the weak performance of downstream industries. The PMI revealed the contraction in Japan’s manufacturing sector. There were no plant shutdowns identified during the period under analysis. At the end of the quarter, the price of sodium sulphate was equal to USD 110/MT.

In Germany, the sodium sulphate market price reached 261 USD/MT. The reason behind the increase in sodium sulphate prices was the increasing demand, in particular, from the cleaning, which is represented in the downstream. The prices in Germany showed a bearish trend in the fourth quarter of 2023.

Sodium Sulphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium sulphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium sulphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium sulphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium sulphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Sulphate Market Analysis

The global sodium sulphate market size reached US$ 1.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1.9 Billion, at a projected CAGR of 4.30% during 2023-2032.

• The sodium sulfate finds applications across several industries, including detergents, textiles, glass, and paper. As per Human and Environmental Risk Assessment (HERA) study of health and environmental effect of sodium sulphate are found to have approving ecological profile in household detergents. Hence, the expanding liquid detergent market which is expected to reach US$ 54.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032 as stated by IMARC Group is escalating the demand for sodium sulfate.
• There is a growing preference for sodium sulfate derived from natural sources, such as salt lakes and mineral deposits, due to increasing environmental concerns and a focus on sustainability. Consumers and industries alike are seeking eco-friendly alternatives. For instance, in September 2023, Cinis Fertilizer announced the contract with Ascend Elements, an independent producer specializing in advanced engineered battery materials, for the provision of sodium sulphate, encouraging Cinis Fertilizer to make the strategic decision to construct a manufacturing plant in Hopkinsville, Kentucky.
• The Asia-Pacific region, particularly countries such as China and India, has witnessed significant growth in the sodium sulfate market which is attributed to the expanding industrial sectors and the increasing demand for consumer goods in these emerging economies.
• Manufacturers are increasingly adopting advanced technologies for sodium sulfate production, such as the use of continuous processing methods and improved extraction techniques. These advancements have led to enhanced efficiency and reduced production costs.
• Regulatory changes and environmental policies play a significant role in shaping the sodium sulfate market. Compliance with regulations regarding emissions, waste disposal, and product quality standards is influencing the strategies of market players and driving innovation in production processes. According to European Community (EC) No. 1272/2008, sodium sulphate is not a hazardous mixture or substance.
• Companies operating in the sodium sulfate market are focusing on research and development to introduce novel products and applications. This includes the development of sodium sulfate derivatives with improved functionalities and performance characteristics to meet the evolving needs of end-users.
• The COVID-19 pandemic has had short-term and long-term effects on the sodium sulfate market. The pandemic has also accelerated certain trends, such as the shift toward online retail and increased hygiene awareness, which is augmenting the demand for sodium sulfate-containing products including detergents and sanitizers. As per the NATIONAL LIBRARY of MEDICINE, the frequency of hand sanitizer use during the COVID-19 pandemic was found to be as high as 25 times per day in children and over 9 times per day in adults.

Sodium Sulphate News

The report covers the latest developments, updates, and trends impacting the global sodium sulphate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium sulphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium sulphate price trend.

Latest developments in the sodium sulphate industry:

• November 2023, Strides Pharma Science Limited has announced that its subsidiary Strides Pharma Global Pte. Limited, Singapore, has received approval for sodium sulphate, potassium sulphate, and magnesium sulphate oral solution from the United States Food & Drug Administration which is believed to strengthen the Company’s overall product portfolio.

Product Description

Sodium sulphate with the chemical formula Na2SO4, is a white crystalline compound known as Glauber's salt. It is obtained by various methods, including the reaction of sodium chloride with sulfuric acid and mining natural deposits, such as salt lakes and mineral springs. Sodium sulphate is widely used in the detergent industry as a filler and processing aid which can increase the effectiveness of detergents and the efficiency of cleaning results. The textile sector uses sodium sulphate to colour their products, as sodium sulphate assists in absorbing dyes into the fibres and eliminates colour build-up and blotchiness. Glass, paper, and pulp manufacturing could see advantages in using sodium sulphate, as it can act as a flux, utilizing its fidgety characteristics in the raw materials and removing remaining elements. It is also involved in manufacturing chemicals, drugs, and ingredients in foods. Thus, its broad applicability across numerous sectors is further propelling the market growth.

Regional Coverage

The report provides a detailed analysis of the sodium sulphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium sulphate price trend.

Global Sodium Sulphate Price

The report offers a holistic view of the global sodium sulphate pricing trends in the form of sodium sulphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of sodium sulphate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium sulphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Sulphate Price

The European sodium sulphate market experienced notable price fluctuations during the fourth quarter of 2023. It is primarily declining natural gas prices that led to reduced production costs, resulting in a drop in sodium sulphate prices. Furthermore, elevated inventory levels in the market prompted discounted pricing, while consistent international demand also led to downward prices. Despite operational plants functioning at moderate capacity levels, which increased inventory saturation, no shutdowns were reported for any plants during this quarter. Overall, the European sodium sulphate market experienced a decline in prices due to reduced production costs and elevated inventories.

This analysis can be extended to include detailed sodium sulphate price information for a comprehensive list of countries.

North America Sodium Sulphate Price

In North America, the sodium sulphate market has encountered diverse trends during the fourth quarter of 2023. Although demand from sectors such as detergents and pulp and paper remained subdued, signs of growth emerged in the manufacturing industry, demonstrated by a Purchasing Managers' Index (PMI) of 48.20. Additionally, the market observed a decline in prices attributed to insufficient cost support from sodium chloride feedstock, elevated inventory levels, and ongoing destocking efforts.

Specific sodium sulphate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Sulphate Price

The report explores the sodium sulphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium sulphate prices for countries can also be provided.

Asia Pacific Sodium Sulphate Price

The sodium sulphate pricing in the Asia Pacific region witnessed a price decline in the fourth quarter of 2023, largely influenced by reduced demand from downstream sectors. Sectors including detergent, pulp and paper, and cleaning contributed to this downturn, resulting in a market sentiment favoring sellers. Despite consistent imports from international sources, the market faced ample inventories amid a relatively steady supply of Sodium Sulphate.

This sodium sulphate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Sulphate Price

The analysis of sodium sulphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium sulphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium sulphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium sulphate price charts ensure our clients remain at the forefront of the industry.