Soda Ash Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2523
Global Soda Ash Market size is likely to grow at a healthy CAGR over the projected timeframe. This is mainly attributed to its wide-ranging applications across soaps & detergent, chemical, water treatment and various other end-user industries. Soda ash is an anhydrous white powdered form which is hygroscopic in nature. It possesses alkaline taste and forms a basic solution in water. Product is majorly used in the glass manufacturing process, as it imparts chemical stability to the process by reducing the furnace temperature to melt silica. Thus, the product helps in reducing the energy consumption in glass production.
Rising product use across soaps & detergent industry mainly in China and India is attributed to consistently improving health & hygiene standards, which will make distinguished influence on the overall soda ash market size during the forecast timespan. For instance, per capita consumption of soap in India was recorded to be 460 grams per annum, which is projected to rise with improving health & hygiene standards in the region. The above-mentioned trends are probable to make notable contribution to soda ash market size over the forecast timeframe. Furthermore, soda ash is widely applicable in the various chemical manufacturing processes, owing to its highly soluble nature. For instance, it is widely used as an ingredient in manufacturing variety of dyes & colouring agents, synthetic detergents & fertilizers, which will help attain considerable gains in the forecast spell.
Rising demand for water treatment facilities mainly in Asia Pacific is likely to make significant impact on the soda ash market size during the forecast timespan. This is mainly due to persistent need to conserve natural resources, such as water. Additionally, stringent regulations imposed by environmental regulatory bodies has resulted in strong demand for water treating chemicals in the region, which will help attain considerable gains to the soda ash market share in the near future. Availability of several product alternatives, such as caustic soda, sodium silicate, etc. may
impede the overall soda ash market size in the coming years. However rising need for enhanced oil recovery (EOR) mainly in the U.S. and Europe will generate plentiful opportunities for soda ash market size in the coming years.
Based on the grade, the soda ash market size is segmented into light, medium and dense grade. Light grade is usually used in manufacturing a wide-range of detergents and cleaning agents, whereas dense soda ash finds application in glass manufacturing. These product properties possess same chemical properties and only differ in their physical properties such as particle size, shape and bulk density which affects flow characteristics and angle of response.
Based on the application, the soda ash market size can be segmented into glass, chemical, soaps & detergents, metallurgy, water treatment and others. In the chemical industry, product is broadly used in the production of sodium silicates, sodium bicarbonates, sodium phosphates, etc. which are an essential component for manufacturing coatings, food preservatives, fizzy drinks and personal care products. Furthermore, product is extensively used in manufacturing glass as it helps in regulating the temperature at the furnace to attain stability while producing glass, which will positively influence soda ash market size over the forecast timespan.
Asia Pacific attained a major chunk of the overall soda ash market size in 2016. This is mainly due to wide-ranging product application across chemical, glass, soaps & detergent, metallurgy, water treatment and other end-user industries. Positive growth indicators in water treatment industry mainly in China and India is due to rapidly improving environmental regulations, which will make notable influence on the soda ash market size during the forecast timespan. According to the Water Prevention and Control of Pollution Act, 1974, the industrial facilities are liable to prevent and control water pollution by reducing discharge of effluents from its facilities and treating the water and to restore the wholesomeness of water in the country. The above-mentioned trends will boost the soda ash market size in the coming years.
The major soda ash market share contributors are Solvay Chemicals, Tata Chemicals Limited, FMC Corporation, Nirma Limited, General Chemical Industrial Products, DCW Limited, Oriental Chemical Industries and Ciech SA. Most of these players are making substantial investment to expand or enhance its production plant. For instance, the company inaugurated an energy efficient gas turbine at its soda ash plant in Italy to gain an edge over its competitors.
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