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Sodium Sulphate Market to Garner $1 6 Billion, Globally, By 2030 at 4 6% CAGR, Says Allied Market Research
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Sodium Silicate Market Size to Reach USD 9 2 Billion by 2027 at CAGR 3 7%
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Top Driving Factors of Agricultural Fumigants Market
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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 report provides a comprehensive analysis of the market size & estimations, drivers & opportunities, major investment pockets, competitive scenario, wavering market trends, and top winning strategies.
Global Market Insights Inc.
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. It can be produced through a chemical process and is also produced naturally. In synthetic form, it is produced as by-product during the chemical process of various products including hydrochloric acid.
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PORTLAND, Ore., Feb. 23, 2021 /PRNewswire/ Allied Market Research published a report, titled, Sodium Silicate Market by Form (Crystalline and Anhydrous), Type (Liquid and Solid), Grade (Neutral and Alkaline), Application (Paints, Adhesives, Refractories Tube Winding, Detergent, Catalyst, and Others), and End Use (Pulp & Paper, Construction, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global sodium silicate industry garnered $7.2 billion in 2019, and is expected to generate $9.2 billion by 2027, witnessing a CAGR of 3.7% from 2020 to 2027.
Drivers, restraints, and opportunities
Surge in demand for manufacturing detergents, soaps, rubbers, and tires and increased demand from the pulp & paper industry drive the growth of the global sodium silicate market. However, hazardous nature of sodium silicate and availability of substitutes hinder the market growth. On the other hand, increase in