Synopsis of Soda Ash Market
The Global Soda Ash Market is expected to witness a significant growth of ~23.1 billion by 2022 with CAGR of ~4.9% between 2016 to 2022.
Soda Ash also known as sodium carbonate or washing soda is white in color and is available both in powder as well as granules form. It is hydroscopic in nature and form odorless alkali chemical solution in water. Soda ash can be obtained naturally as well as by synthetic process. Increasing demand from end user industries such as glass and soap & detergents can foster the overall market growth.
Soda Ash has found numerous application such as water softening in laundering, food additive, foaming agent in toothpaste, stain remover and many other. Increasing demand for building and construction activities is likely to drive the Soda Ash Market growth. The growing glass industry on account of developing domestic as well as commercial buildings particularly in Asia-Pacific and Middle East has boosted the Global Soda Ash Market over the forecasted period. Soda Ash has ability to control Ph value in water and make it softer has opened its paths in water treatment applications. Market also witnessed significant growth of natural soda ash sue to its low-cost benefits. Stringent regulations from developed regions like Europe regarding production of synthetic soda ash through chemical process has fueled the demand for natural soda ash.
Environment regulation in context of manufacturing synthetic Soda Ash and fluctuating prices of natural soda ash due to limited availability is expected to hamper the market demand in coming years.
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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.
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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)
9.1.3 Product Portfolio
9.1.4 Business Strategies
9.1.5 Recent Development
9.2 Solvay S.A. (Belgium)
9.2.3 Product Portfolio
9.2.4 Business Strategies
9.2.5 Recent Development
9.3 OCI Wyoming, LLC (U.S)
9.3.3 Product Portfolio
9.3.4 Business Strategies
9.3.5 Recent Development
9.4 Nirma Limited (India)
9.4.3 Product Portfolio
9.4.4 Business Strategies
9.4.5 Recent Development
9.5 Searles Valley Minerals (U.S).
9.5.3 Product Portfolio
9.5.4 Business Strategies
9.5.5 Recent Development
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