Infinium Global Research has added a new report on Soda Ash Market. The report presents analysis of global as well as regional markets of soda ash over the period of 2017 - 2023. The global market size of soda ash segment was worth USD 28994.2 million in 2016 and it is projected to reach USD 43309.6 million in 2023, it is expected to grow at a CAGR of 6.0 % over the period of 2017 to 2023. In terms of volume, the market size of soda ash is projected to grow from 53872.5 kilo tones in 2016 to 66742.0 kilo tons in 2023. The market size in terms of volume is projected to expand at a CAGR of 3.1 % over the period of 2017 to 2023.
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Soda ash or sodium bicarbonate is a stable, odorless, white
powder. Soda ash is an alkali obtained by refining mineral trona, brines of
sodium bicarbonate available naturally or nahcolite mineral. Synthetic soda ash
is manufactured by Solvay process with limestone and salt as raw materials.
Dense soda ash, light soda ash and washing soda are the three primary grades of
soda ash available in the market. Although these grades possess same chemical
properties, they are differ from each other in terms of bulk density, particle
size as well as shape. Soda ash find its major application in glass
manufacturing industry for the production of glasses for automotive industries,
commercial buildings, containers housing and insulation. Soda ash has
significance in metallurgical processes of removing calcium, phosphorous and
sulphur from certain ferrous as well as nonferrous ores. Moreover, it is widely
used in the recycling processes of aluminium and zinc. Due to its high
solubility, it finds applications in various chemical industries for
manufacturing products, such as coloring agents, dyes, fertilizers, synthetic
detergents as a raw material. In industries such as enamelling and petroleum,
soda ash has importance as a chemical agent. Soda ash has useful environmental
applications such as improving the alkalinity of those lakes that are affected
by acid rain and in reducing the acid presence in the emissions from power
plants.
The demand for glass in the construction sector in Asia-Pacific
is expected to fuel the growth global soda ash market during the forecast period.
Fluctuation in energy prices is one the of key restraining factors which is
likely to adversely impact the growth of the soda ash manufacturing industry,
as it consumes lot of energy. The change in the economic models in the soda ash
production industry is expected to drive the market towards transformation. The
soda ash alternatives such as caustic soda, sodium silicate and some others are
expected to pose serious threat to soda ash, during the forecast period
Asia-Pacific region is the largest soda ash market in the world. China accounts
for major market share of soda ash production in Asia-Pacific due to the
presence of large number of manufacturers and most of them have adopted Solvay
process for producing soda ash. China is the leading synthetic soda ash
manufacturing country in the world.
The natural soda ash reserves found in Turkey gives them the
potential to become a major soda ash producing nation in the region. Europe is
the second largest soda ash market in the world. The use of soda ash in water
treatment as well as desulfurication of flue gas drives the European market.
The increase in demand for household detergents is expected to drive the
European market during the forecast period. North American region has second
largest production capacity in the world, as USA has the largest natural soda
ash resources in the world. American Soda ash is mainly manufactured by natural
process and it has the potential to be competitive to synthetic soda ash due to
its lesser price. The major players in the global soda ash market are opting
expansion of the manufacturing facilities and mergers and acquisitions in new
markets for growth. Using cost effective energy sources and adopting
environmental friendly technologies for existing facilities are expected to be
the major challenges for the major players in the market. The increasing
requirement of enhanced oil recovery, owing to the governments’ energy policies
that mandate conservation, advancement in technologies and varying fuel prices
globally are expected to provide opportunities for major players in the soda
ash market during the forecast period.
The report segments the global soda ash market on the basis of application.
Global Soda Ash Market by Application
·
Glass
·
Soaps & Detergents
·
Metallurgy
·
Pulp & Paper
·
Others
Companies Profiled in the Report
·
CIECH SA
·
General Chemical Industrial Products Inc.
·
GHCL Limited
·
FMC Corporation
·
Nirma limited
·
Lianyungang Soda Ash
·
Oriental Chemical Industries
·
Soda Sanayii AS
·
Tronox
·
Tata Chemicals
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