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Drug Price Trends for SOD SULFACE-SULF
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Average Pharmacy Cost for SOD SULFACE-SULF
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| SOD SULFACE-SULFUR 9-4.5% WASH | 42192-0144-16 | 0.14299 | GM | 2025-05-21 |
| SOD SULFACE-SULFUR 9-4.5% WASH | 58657-0474-16 | 0.14299 | GM | 2025-05-21 |
| SOD SULFACE-SULF 9.8-4.8% CLSR | 82429-0109-10 | 0.20908 | GM | 2025-05-21 |
| SOD SULFACE-SULFUR 9-4.5% WASH | 82429-0301-21 | 0.14299 | GM | 2025-05-21 |
| SOD SULFACE-SULF 9.8-4.8% CLSR | 42192-0156-10 | 0.20908 | GM | 2025-05-21 |
| SOD SULFACE-SULF 9.8-4.8% CLSR | 69367-0244-10 | 0.20908 | GM | 2025-05-21 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Sodium Sulfate Market Analysis and Price Projections
Market Overview
The sodium sulfate market is a significant segment within the chemical industry, driven by diverse applications across various sectors. Here’s a comprehensive analysis of the market, including its current state, drivers, and future projections.
Global Market Size and Growth
As of 2023, the global sodium sulfate market was valued at approximately USD 2.10 billion. It is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030, reaching USD 2.85 billion by the end of the forecast period[1][3].
Key Drivers of Growth
Increasing Demand from Detergent Industry
The detergent sector is a major driver of the sodium sulfate market. The product is widely used as a filler in powdered detergents, enhancing their performance and texture. Rising urbanization and increasing disposable incomes, particularly in emerging markets, have led to higher consumption of laundry detergents, thereby boosting the demand for sodium sulfate[1].
Textile, Glass, and Food & Beverage Sectors
Apart from detergents, sodium sulfate is also used in the textile industry as a dyeing agent, in glass manufacturing, and in the food and beverage sector. The growing demand from these sectors, especially in the Asia Pacific region, is contributing to the market's expansion[1].
Urbanization and Hygiene Awareness
Increasing urbanization and rising awareness of hygiene and cleanliness, especially in urban areas, are driving the demand for effective cleaning agents. This trend is particularly pronounced in China, where the sodium sulfate market is significantly driven by the rapid growth of the detergent industry[1].
Regional Outlook
Asia Pacific
The Asia Pacific region, led by China, dominates the sodium sulfate market with a share of 50.8% in 2023. China's low production costs and substantial supply capabilities make it a pivotal player in this market. The region's market is expected to expand rapidly due to rising consumption in sectors such as textiles, glass, and detergents[1].
Europe and North America
In Europe, the demand for sodium sulfate has been impacted by a weakening in end-user purchasing of detergents, leading to fluctuations in product prices and demand. North America's market behavior is relatively stable, with supply-demand dynamics keeping price fluctuations within a narrow range[1][2].
Price Trends and Projections
Current Price Trends
The price of sodium sulfate has shown mixed behavior in recent quarters. In Asia, particularly in China, the prices observed a tepid trajectory due to poor demand and the feeble movement of downstream industries. In Europe, the price trend has been fluctuating, influenced by trade activities and inventory levels[2].
As of December 2024, the sodium sulfate price in Europe was around US$0.38/KG, down by 2.6%[5].
Future Projections
The global price trend for sodium sulfate is expected to oscillate due to unsettled supply-demand dynamics and rising global inflation. However, robust demand from downstream industries and positive upstream cost pressure are likely to drive price increases in the coming months[2].
Key Players
The sodium sulfate market is competitive, with several key players operating globally. These include Nippon Chemical Industrial Co., Elementis Plc., Lenzing AG, Shikoku Chemicals Corporation, Nikunj Chemicals, Cooper Natural Resources Inc, Searles Valley Minerals, Sigma Aldrich, TCI Chemicals, and Jiangsu Yinzhu Chemical Group Co. Ltd.[1].
Challenges and Opportunities
Economic Factors
The market is influenced by economic factors such as the cost of raw materials (caustic soda and sulfuric acid) and the overall economic recovery of regions. Poor economic growth can lead to reduced demand and lower prices[2].
Health and Environmental Concerns
While sodium sulfate itself is not typically associated with health concerns, the broader trend towards more sustainable and biodegradable chemicals can impact the market. Consumers are increasingly looking for environmentally friendly products, which may influence the development of alternative formulations[4].
End-Use Segments
Detergents
The detergent sector remains the most significant application for sodium sulfate, enhancing the performance and texture of powdered detergents[1].
Textiles and Glass
Sodium sulfate is used as a dyeing agent in the textile industry and in the manufacturing of glass. These sectors contribute significantly to the market's growth, especially in the Asia Pacific region[1].
Food & Beverage
In the food and beverage sector, sodium sulfate is used in various applications, including as a food additive and in water purification processes[1].
Key Takeaways
- The global sodium sulfate market is projected to grow at a CAGR of 4.5% from 2024 to 2030.
- The detergent industry is a major driver of the market, particularly in emerging markets.
- The Asia Pacific region, led by China, dominates the market due to low production costs and high demand.
- Price trends are expected to oscillate due to supply-demand dynamics and economic factors.
- Key players include Nippon Chemical Industrial Co., Elementis Plc., and Lenzing AG.
FAQs
What is the current market size of the global sodium sulfate market?
The global sodium sulfate market was valued at approximately USD 2.10 billion in 2023[1].
What is the projected CAGR for the sodium sulfate market from 2024 to 2030?
The market is expected to grow at a CAGR of 4.5% from 2024 to 2030[1].
Which region dominates the sodium sulfate market?
The Asia Pacific region, particularly China, dominates the sodium sulfate market with a share of 50.8% in 2023[1].
What are the primary applications of sodium sulfate?
The primary applications include use as a filler in detergents, as a dyeing agent in textiles, and in glass manufacturing[1].
How do economic factors influence the sodium sulfate market?
Economic factors such as the cost of raw materials and overall economic recovery of regions can impact demand and prices. Poor economic growth can lead to reduced demand and lower prices[2].
Cited Sources
- Grand View Research - Sodium Sulfate Market Size, Share & Growth Report, 2030
- Procurement Resource - Sodium Sulfate Price Trend and Forecast
- Zion Market Research - Sodium Sulfite Market Size, Share, Analysis, Growth Report, 2030
- GlobeNewswire - Sodium Lauryl Sulfate (SLS) Business Research Report 2024
- BusinessAnalytiq - Sodium sulfate price index
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