Soda Ash Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

 

Soda Ash Market Foreseen to Reach USD 37.51 Billion by 2027

Increasing usage in the food & beverage and chemical industries, a significant rise in manufacturing facilities, and technological innovations in production processes are the vital parameters bolstering the market growth

Market Size – USD 22.01 Billion in 2018, Market Growth - CAGR of 5.9%, Market Trends – The growing demand for soda ash in the food & beverage and chemical industries

The global soda ash market is expected to be valued at USD 37.51 Billion in 2027 from USD 22.01 Billion in 2019, registering a CAGR of 5.9% through the forecast period. Soda ash, also known as sodium carbonate or washing soda, is a flammable inorganic compound, which is non-toxic and is mostly available as an odorless white powder. All forms of soda ash are water-soluble salts and make moderately alkaline solutions when mixed with water. The chemical compound was first derived from the ashes of plants that grew in soils rich in sodium. It is available in two different densities – light soda ash and dense soda ash.

As a highly soluble compound, soda ash has a wide range of industrial applications; for instance, it is used to manufacture coloring agents, dyes, fertilizers, household detergents, and paper-based products. The substance is extensively used in the production of glass and ceramic products, owing to which it is considered highly viable for residential, commercial, and construction applications. The food & beverage industry is one of the main end-users of soda ash, as the chemical compound helps in air purification and water softening. Thus, it is used as an intermediate in the manufacture of various food products and sweetened and carbonated soft drinks. Moreover, it finds significant application in the production of various cosmetic and personal care products, such as toiletries.

The global soda ash market is projected to account for a significantly high revenue over the forecast years. The growing usage of soda ash to produce glass and ceramic products, extensive application in flat glass, increasing use in the manufacture of soaps & detergents and rising demand across the buildings & construction industry are the primary factors fueling the growth of the global soda ash market. The surging use of soda ash in the food & beverage sector as food additives and the increasing water & wastewater treatment industry applications are the other key parameters fostering the market growth. However, the soaring demand for alternatives, such as caustic soda and sodium silicate, is a highly challenging aspect of the global market, expected to hamper its growth in the future.

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Key findings of the report:

·       Based on density, the light soda ash segment is expected to emerge as the leading market segment, retaining the highest market share of 32.0% over the forecast period, at a robust CAGR of 7.0%. This segment’s growth is attributed to the highly beneficial properties of light soda ash, such as pH balance regulation and enhanced cleansing, and increasing usage in the manufacture of soaps and detergents, and other consumer products.

·       Based on end-use, the glass & ceramics segment held the highest 46.0% market share in 2018 and is expected to dominate the global soda ash market throughout the forecast period, displaying a 6.0% CAGR. 

·       The North American soda ash market is the leading market globally, with the largest contribution to the overall market revenue. The market growth in this region is supported by the rising demand for soda ash in the glass & ceramics, chemical, soaps & detergents, food & beverage, and construction industries. Increasing construction activities, rising demand for premium home care and personal care products, and the higher purchasing power of people further bolster the regional market growth.

·       The key industry participants include Tata Chemicals Limited, FMC Corporation, Solvay SA, Nirma Limited, OCI Chemical Corporation, Ciech SA, Oriental Chemical Industries, Soda Sanayii, GHCL Limited, and DCW Limited.

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For the purpose of this report, the global soda ash market has been segmented on the basis of density, production process, end-use, and region:

By Density (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Dense Soda Ash
• Light Soda Ash

By Production Process (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Solvay process
• Hou’s process
• Mining
• Barilla and kelp

By End-use (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)

• Glass & Ceramics
• Paper & Pulp
• Chemicals
• Soaps & Detergents
• Water Treatment
• Metallurgy
• Food Additives
• Others

By Region (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

§  North America

•                  U.S.

•                  Canada

§  Europe

•                  Germany

•                  U.K.

•                  France

•                  BENELUX

•                  Rest of Europe

§  Asia Pacific

•                  China

•                  Japan

•                  South Korea

•                  Rest of Asia Pacific

§  Latin America

•                  Brazil

•                  Rest of Latin America

§  Middle East & Africa

•                  Saudi Arabia

•                  U.A.E.

•                  Rest of Middle East & Africa

Table Of Content

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technology

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Soda Ash Market Segmentation & Impact Analysis

    4.1. Soda Ash Market Segmentation Analysis

    4.2. Industrial Outlook

         4.2.1. Market indicators analysis

         4.2.2. Market drivers analysis

Continue…

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