Soda Ash Market (Application - Glass, Soaps and Detergents, Chemicals, Metallurgy, Pulp and Paper, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the soda ash market provides an in-depth analysis of segments and sub-segments in the global as well as regional soda ash market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soda ash market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global soda ash market. According to the report, the global soda ash market is projected to grow at a CAGR of 6% over the forecast period of 2022-2028. The revenue generated by the soda ash market was approximately USD 19 billion in 2022 and is expected to reach approximately USD 26 billion in 2028.

Market Insight

Soda ash (Na2CO3), also known as sodium carbonate or washing soda, is a white, odorless, and non-toxic organic salt of sodium. It is an essential raw material used for the manufacturing of glass, chemicals, detergents, and various other industrial products.It is generally found in natural deposits and can also be acquired from the ashes of plants growing in sodium-rich soils. Soda ash belongs to the Chlor-alkali family and is widely used in numerous industries owing to its disinfectant properties. The glass industry is gaining strong traction across emerging economies on rapid construction back across urban parts. Additionally, the chemicals and detergents industries are doing fairly well as well due to increasing disposable income, which has incremented the sales of washing machines and mushroomed laundry services. Another major factor boosting the global soda ash market is the technological advancements in terms of extraction processes, namely room and pillar mining techniques.

Owing to the spread of the covid-19 pandemic around the world, there's been an augmented demand for healthy and essential products. People were compelled to stay in their homes, as there were several restrictions imposed by the governments of different countries across the world. This created a panic situation among the consumers around the globe and increased the sales of essentials such as home care, sanitary, and food products. Hence, consumers bowed to eating healthy foods in order to protect themselves from diseases Covid-19 pandemic had a negative impact on the global soda ash market. During the coronavirus pandemic, the world economy experienced a recession and sky-high inflation rates. The supply chain and the manufacturing operations were adversely affected during the epidemic. labor shortages and a lack of logistics movement made the whole industry vulnerable. End-user businesses suffered severe financial losses as a result of the lockdown.

Soda ash finds its major application in the glass manufacturing industry for the production of glasses for automotive industries, commercial buildings, container housing, and insulation. Soda ash has significance in metallurgical processes of removing the calcium, phosphorous, and sulfur from certain ferrous as well as nonferrous ores. Moreover, it is widely used in the recycling processes of aluminum and zinc. Due to its high solubility, it finds applications in various chemical industries for manufacturing products, such as coloring agents, dyes, fertilizers, and synthetic detergents as raw materials. In industries such as enameling 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 reducing the acid present 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 that are likely to adversely impact the growth of the soda ash manufacturing industry, as it consumes a 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 a serious threat to soda ash, during the forecast period.

The segmentation of the soda ash market on the basis of regions is North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Africa. Asia-Pacific holds the command over the global market for soda ash. This region is projected to have a significant CAGR during the forecast period. Due to the greater net worth incomes of consumers and prodigious demand generated by the construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth during the forecasted time period. This region accounts for the largest share of the soda ash market globally. Additionally, India and China will be the domestic growth capitals in the Asia Pacific region. On the other hand, Europe will account for a significant revenue share during the forecast period.

Segment Covered

The report on the global soda ash market covers segments such as application. On the basis of application, the sub-markets include glass, soaps and detergents, chemicals, metallurgy, pulp and paper, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Tata Chemicals Ltd, DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, CIECH SA, Shandong Haihua Group Co. Ltd, Tronox limited, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the soda ash market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.