Global SodaAsh Market is expected to reach USD 25.37 billion by 2024. Soda Ash is also termed as sodium carbonate (Na2CO3), soda crystals, or washing soda. It is an alkali chemical polished from the naturally occurring sodium carbonate-bearing brines or mineral trona. It is mainly used as a commercial neutralizing agent. It is anhydrous, white, granular or powdered material exclusively used in manufacturing of detergent chemicals, glass, and others. The Soda Ash Market is estimated to grow at a significant CAGR of 2.9% over the forecast period as the scope and its applications are rising enormously across the globe.
Growing
demand for synthetic and natural products from manufacturers, increasing demand
for detergent and soap industry in developing countries, development of
chemical industry in developing countries, and high demand from construction
& building and automotive industries are documented as major factors of
Soda Ash Market that are estimated to enhance the growth in the years to come.
However, its impact on environment and presence of alternatives like sodium
silicate and caustic soda may restrain overall market in the coming years. Soda
Ash Market is segmented based on manufacturing method, grade, application, and
region.
Leblanc
process, Solvay process, and other manufacturing methods could be explored in
Soda Ash in the forecast period. Dense, light, and medium are the major grades
that could be explored in Soda Ash in the forecast period. The market may be
categorized based on applications like manufacturing, glass, pulp & paper,
chemicals, water treatment, soaps and detergents, metallurgy, and others could
be explored in the forecast period. Glass sector accounted for the substantial
market share of Soda Ash and is estimated to lead the overall market in the
coming years. This may be because it reduces the melting temperature of the
sand used in glass formation and helps to form an exact shape of glass. Also,
soap and detergent and chemicals sector follow suit.
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Globally,
Asia Pacific accounted for the substantial market share of Soda Ash and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be growing industries in developing countries like
Taiwan, China, and India and rising production capacity in China. China is a major
consumer of Soda Ash in this region.
Instead,
North America is also estimated to have a positive influence on the future
growth. North America is the second largest region with significant market
share. However, it is estimated to grow at fastest pace with the highest CAGR
in the foremost period. The aspects that may be ascribed to the growth comprise
low cost of natural product. The United States is a major consumer of Soda Ash
in this region.
The
key players of Soda Ash industry are Solvay SA, Tata Chemicals Limited,
Oriental Chemical Industries, DCW Limited, and FMC Corporation. These players
are concentrating on inorganic growth to sustain themselves amongst fierce
competition. As companies all over the world have to believe that alliance with
a market would permit them proportional market existence and authority to
declare the leadership position.
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Global Soda Ash Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• Glass
• Chemicals
• Soaps & detergents
• Metallurgy
• Water treatment
• Pulp & paper
• Other
Global
Soda Ash Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
• North America
• U.S.
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• India
• Japan
• South Korea
• Middle East & Africa
• Central & South America
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