Global — Soda Ash Market is expected to exhibit a steady 4% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The Global Soda Ash Market is mainly driven by the growing demand for glasses and soaps and detergents, according to the report. The report values the Global Soda Ash Market at 60 million tons in 2018. By value, the Global Soda Ash Market is expected to rise to more than USD 24 billion by 2025.
Soda Ash is the trade name for sodium bicarbonate and is primarily produced from trona, a mixture of sodium carbonate, sodium bicarbonate, and water. The synthetic form of Soda Ash is produced using the Solvay or Hou processes and contains a number of additives. It is a white, anhydrous powder and is hygroscopic in nature. The majority of industrially produced Soda Ash is used in the production of glasses such as fiber glass, flat glass, and container glass. The increasing demand for glasses from the automotive, construction, and aerospace industries is thus likely to be a major driver for the Global Soda Ash Market. Glasses play a vital role in the manufacturing of windows for the aforementioned application, the demand from which is growing due to the growing demand for automobiles and new construction projects. The growing demand for newer varieties of stronger, more resistant glasses is likely to be a major driver for the Global Soda Ash Market.
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The growing demand for Soda Ash, also known as baking soda, in the food and beverage industry is likely to be a major driver for the Global Soda Ash Market. Baking soda is widely used in the production of fizzy drinks, food preservatives, and others. This is likely to be a major driver for the Soda Ash Market, as the demand for packaged, preserved foods is likely to grow over the forecast period at a robust rate. The growing demand for household soaps, detergents, and personal care products is also likely to be a major driver for the soda Ash Market, as Soda Ash is widely used in the production of soaps, shampoos, and detergents. Soda Ash is also sometimes used in toothpaste, as a soft abrasive. This is likely to be a major driver for the Global Soda Ash Market over the forecast period, due to the growing number of households in emerging urban areas such as Mumbai, Shanghai, Tokyo, and Sao Paulo. The growing residential construction industry in emerging economies is likely to be a major driver for the Global Soda Ash Market over the forecast period.
Leading players in the Global Soda Ash Market include Searles Valley Minerals, OCI Company Ltd., Sisecam Group, Nirma Ltd., GHCL Ltd., Ciech SA, Shandong Haihua Group, Genesis Energy LP, Tata Chemicals Ltd., Ciner Resources Corporation, and Solvay SA.
Asia Pacific, led by China, is the largest consumer of soda ash due to the presence of growing construction and automotive industries in the region. The growing demand for glass in the rapidly urbanizing economies of China, India, and South Korea, among others, is likely to be a major driver for the Asia Pacific market for Soda Ash over the forecast period.
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Global Soda Ash Market is segmented on the basis of Type, Application and Region.
By Type, Global Soda Ash Market is segmented into natural and synthetic.
By Application, Global Soda Ash Market is segmented into glass, soap and detergents, chemicals, pulp and paper, metal processing, water treatment, pharmaceuticals, and others. The glass segment is likely to hold the largest share in the Global Soda Ash Market over the forecast period due to the growing demand for glass in the construction and automotive industries. The soaps and detergent application segment is also likely to be a major consumer of Soda Ash over the forecast period.
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