Sodium Carbonate Market Analysis

Sodium Carbonate Market Analysis

The demand for synthetic sodium carbonate surpassed USD 9 billion in 2020 and is projected to grow at a CAGR of over 2.5% in the forecast period. Synthetic soda ash offers the advantage of convenient manufacture using easily available raw materials such as limestone, brine and coke which are also relatively cheaper. The production process does not require access to natural ores such as Trona or nahcolite. Synthetic product demand in the U.S. is projected to surpass USD 20 million in the forecast period.
 

Synthetic sodium carbonate has the potential to be produced by a wide range of production processes such as Solvay Ammonia Process, Leblanc Process and Modified Solvay Process or Hou’s Process. The product comprises a dominant share in overall sodium carbonate market which indicates easy availability. However, rising focus on sustainability and increasing preference for natural ingredients have increased consumer preference for natural soda ash owing to reduced emissions and energy requirements in its production.
 

Global sodium carbonate market size from flat glass end-use should surpass USD 3.35 billion by 2027, and register gains of 2.8%. Increased construction of non-residential & residential buildings to meet the growing demand primarily in China, India & the U.S., and substantial investment in new infrastructure has resulted in a booming construction sector which has increased the requirement for flat glass. U.S. sodium carbonate demand from flat glass applications surpassed USD 100 million in 2020 which represents tremendous growth opportunities in the construction sector. Growth of construction sector in emerging nations in Asia Pacific is primarily attributed to increasing urbanization and a substantial population base which has increased the demand for homes.
 

Significant economic growth, expansion of road infrastructure and emergence of an affluent middle class driving the global automotive industry thereby stimulating the flat glass market value. Rising technological advancement in windshield manufacture, increasing consumer concerns regarding passenger safety and regulatory requirements should boost the adoption of flat glass owing to its property to shatter into dull fragments upon violent impact.
 

Asia Pacific should register over 3% gains in the predicted period. The increasing trend in recent years of chemical companies in the U.S. and Europe shifting their production bases to Asia to avail lower labour costs, government subsidies and lax environmental norms has triggered the growth of the regional chemical sector. On the other hand, North America is expected to garner USD 760 million by 2027 pertaining to construction sector growth on account of low interest rates & easy access to credit. The substantial number of ongoing projects in the institutional, residential and infrastructural sector should drive the sodium carbonate market growth.
 

Asia Pacific accounts for a significant share in the global exports of various chemical subsegments such as agrochemicals, dyes and pharmaceuticals. In recent years, China has made significant investments in petrochemicals & refinery investments which has resulted in the country becoming a major player in the crude-to-chemicals supply chain. Rising disposable income and economic growth have led to lifestyle changes and led to booming end-use sectors such as construction, automotive and consumer goods should further drive the chemicals industry and trigger the sodium carbonate market revenue.