-- Market Highlights:
Soda Ash is anhydrous salt form of sodium carbonate. It is also known as washing soda with molecular formula (Na2CO3). Soda Ash possess inherent properties which make it used as component on largescale in domestic and industrial products. Soda Ash is found in white powder as well as granules and is odorless alkali chemical solution in water.
Soda Ash is used as cleaning agent and detergent in many household activities. It acts as additive in food industry. Thus, growing soaps & detergents in household activities is driving the demand for Global Soda Ash Market. The hydroscopic nature of soda ash make it viable to use in paper & pulp industry. Moreover, ability of Soda Ash to reduce pH value and soften hard water has driven the demand in cleaning and water treatment facility. The increase in demand by government for water treatment in emerging economies is expected to boost the demand for Soda Ash Market. Glass segment dominates the global soda ash market owing to increase in production of flat glass and container in construction activities. Rising demand for soda as from fiber glass and silicates is expected to open opportunities for soda ash manufacturer in untapped market region.
Substitutes like caustic soda and sodium silicate can restrain the market growth of soda ash in near future. Increasing R&D for substitute, fluctuating prices of synthetic soda ash and limited availability of natural soda ash is hampering the market expansion of soda ash in coming years. Developed regions like Europe has shut down synthetic processing plant which is restricting further growth of Soda Ash Market over the forecasted period.
Regional Analysis:
Geographically, Asia-Pacific region leads the Global Soda ash market. China being largest producer and consumer of soda ash dominates the market segment. Rapid industrialization and huge demand from building & construction activities is likely to drive the soda ash market growth. Growing demand for soaps & detergents, water treatment facility and metallurgy in China, India, Thailand and Indonesia has boosted the soda ash market demand. The growing capacity of natural soda ash from China is due to large number of natural miners compared to U.S. North America is second largest market owing to 90% of production of soda ash comes from state of Wyoming. The Chinese market is likely to witnessed close competition from US market owing to natural soda ash manufacturer with low cost and over dumping of soda ash in Asia-Pacific countries. Europe have witnessed stagnant growth owing to strict regulations for producing synthetic soda ash.
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Key Players:
Key players of the global high Soda Ash market are Tata Chemicals Limited (India), Solvay S.A. (Belgium), OCI Wyoming, LLC (U.S), Nirma Limited, (India), Searles Valley Minerals (U.S), GHCL Limited (India), FMC Corporation (US), Ciech SA (Poland), Oriental Chemical Industries (Korea), Soda Sanayii (Turkey) and others.
Competitive Insights:
Fluctuating prices of crude oil and rising energy prices have challenged many manufacturers to tackle with suitable cost-pricing policies. Low cost of natural soda ash particularly in US is benefitting producer in these regions. The key players are expected to exert pressure on exports especially in China and India due to energy intensive synthetic soda ash manufacturing. Developed market such as Europe show negative impact due to shut down of many synthetic soda ash manufacturers and turning to new substitute through research and development.
Key Points from Table of Contents:
9. Company Profiles
9.1 Tata Chemicals Limited (India)
9.1.1 Overview
9.1.2 Financials
9.1.3 Product Portfolio
9.1.4 Business Strategies
9.1.5 Recent Development
9.2 Solvay S.A. (Belgium)
9.2.1 Overview
9.2.2 Financials
9.2.3 Product Portfolio
9.2.4 Business Strategies
9.2.5 Recent Development
9.3 OCI Wyoming, LLC (U.S)
9.3.1 Overview
9.3.2 Financials
9.3.3 Product Portfolio
9.3.4 Business Strategies
9.3.5 Recent Development
9.4 Nirma Limited (India)
9.4.1 Overview
9.4.2 Financials
9.4.3 Product Portfolio
9.4.4 Business Strategies
9.4.5 Recent Development
9.5 Searles Valley Minerals (U.S).
9.5.1 Overview
9.5.2 Financials
9.5.3 Product Portfolio
9.5.4 Business Strategies
9.5.5 Recent Development
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