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Market Overview:The global soda ash market is expected to exhibit a strong 4.9% CAGR over the forecast period between 2016 and 2022, according to the latest research report from Market Research Future (MRFR). The global soda ash market is mainly driven by the growing demand for soda ash from glassmaking and soap and detergent applications, which have taken up a considerable share in the global consumption of soda ash. The report profiles the global soda ash market with a view to projecting the market’s growth trajectory over the forecast period from 2016 to 2022.
Key Players Outlook:
Major players in the global soda ash market include Soda Sanayii, Oriental Chemical Industries, Ciech SA, FMC Corporation, GHCL Limited, Searles Valley Minerals, Nirma Limited, OCI Wyoming LLC, Solvay S.A., and Tata Chemicals.
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Detailed historical information about the soda ash market is used in the report to find out the present condition of the market and to determine how the market is likely to progress over the forecast period. Major economic factors acting on the soda ash market are profiled in the report to provide an overview of how they affect the soda ash market.
The growing demand for glass in construction applications is likely to be a major driver for the soda ash market over the forecast period. Glass is used in various construction applications, including windows and structural glass. The growing demand for structural glass due to changing aesthetic inclinations is likely to be a major driver for the soda ash market. The increasing demand for glass construction in commercial complexes is likely to drive the soda ash market over the coming years.
Competitive Analysis:
Major players in the Global Soda Ash Market are likely to focus on expanding natural soda ash production in the coming years, as well as making sure synthetic soda ash production remains on track. Fluctuating crude oil prices could emerge as a significant factor in how soda ash market dynamics play out in the coming years. Rising energy prices could result in a price hike in the soda ash market, apart from fluctuations due to changes in the price of crude oil.
Ciech plans to hibernate its soda ash production plant in Govora, Romania in September 2019, following the termination of a deal with one of its suppliers. This could become a key factor for the European soda ash market in the coming years.
Segmentation:
By application, the global soda ash market is segmented into glass, soap and detergents, water treatment, chemicals, pulp and paper, and metallurgy. The soap and detergents segment is likely to remain prominent in the global soda ash market over the forecast period due to the growing demand for cleaning chemicals in urban centers around the world. The growing demand for glass in the construction industry is also likely to feature prominently as a main driver for the soda ash market in the coming years. Water treatment could also emerge as a major segment for the soda ash market in the coming years due to the growing demand in urban centers.
Regional Analysis:
Asia Pacific dominates the global soda ash market, with China holding the largest share in the market. North America is the second largest regional market in the global soda ash market, with Wyoming accounting for up to 90% of the overall production of soda ash in North America.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Soda Ash Market
5 Industry Overview Of Global Soda Ash Market
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Name: Abhishek Sawant
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Release ID: 88921737