Market Research Future Published a Half Cooked Research Report on “Global Soda Ash Market Research Report – Forecast to 2021”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.
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) among others are some of the prominent players at the forefront of competition in the Global Soda AshMarket and are profiled in MRFR Analysis.
Soda Ash Market – Overview
Soda Ash also known as washing soda is white colour and available in powder and granules form. Soda Ash can be obtained naturally and can be produced by synthetic process. It is hydroscopic in nature and form odourless alkali chemical solution in water, hence they find applications in water softening in laundering, food additive, and foaming agent in toothpaste. The Soda Ash Market is mainly driven by factors such as increasing application in glass industry. Glass production accounts for 50% of global Soda Ash demand. Northeast Asia, mainly China, accounts for almost half of geographic demand for Soda Ash. China is the world largest soda ash producer at close to 20,000,000 tons per annum and consumes a substantial part of that production locally. China uses synthetic process to produce Soda Ash.
Flat Glass Industry accounted for highest market share of 25% of the global demand for Soda Ash, which is followed by demand for container glass at 19%. 25The other sources of demand however, include soap, detergents, chemicals, metals and mining, pulp and paper among others.
In the competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. The Global Soda Ash Market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, glass, soaps & detergents, water treatment, chemicals, pulp & paper, metallurgy. Nevertheless, the degree of competition among the market players is still less owing to limited market players across the globe. Globally market for Soda Ash is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.
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Soda Ash Market – Regional Analysis
Regionally, Asia Pacific region accounted largest market share in the Global Soda Ash Market and expected to dominate during the forecast period due to economic trends in the region. In the Chinese domestic market place and developments to product technology and delivery systems have all merged to shape the Soda Ash Market. The Soda Ash manufacturers in China is mostly comprises of small manufacturers and some of the prominent manufacturers. Over 50 suppliers are active in China’s vapor deposition industry, majority of which are privately owned Chinese companies.
Industry/ Innovation/ Related News:
August 2015 – GHCL Ltd, a manufacturer of inorganic chemicals and textile, planned to investment rupees 1050 crores over the next 2-3 years for expansion of Soda Ash and textile capacity. The company planned to spend rupees 950 crores in a two-phase soda ash expansion project at Sutrapada plant in Saurashtra (Gujarat). In the first phase, GHCL Ltd, which had 8.5 lakh tones Soda Ash production capacity in 2015, is expected to raise the Soda Ash capacity by 100,000 tons by 2017 end, with an estimated investment of rupees 375 crores. In the next phase, which is likely to be completed by FY19, GHCL plans to invest rupees 575 crores to increase soda ash capacity by another 150,000 tones.
August 2017 – Tata Chemicals eyes rupees 10,000-crore Soda Ash business in 5 years. With this expansion continue to maintain cost leadership and scale in soda ash.
July 2017 – Nirma planned to be the world’s fourth largest soda ash producer. Presently, Nirma is the largest soda ash producer in India followed by Tata Chemicals and Gujarat Heavy Chemicals Ltd (GHCL).
April 2014 – Belgium-based Solvay Soda Ash and Derivatives planned to increase its annual production capacity of natural soda ash at its Green River, Wyoming, production center by 150,000 metric tons, to meet growing demand of its U.S. export markets. With this expansion, the company would increase the regional as well as global market share in Soda Ash segment.
August 2017 – Tronox Limited announced that it has signed a definitive agreement to sell its Alkali Chemicals business to Genesis Energy, L.P., diversified midstream energy master limited partnership headquartered in Houston, Texas. This agreement would help Tronox Limited to increase the market share in Alkali Chemicals business in the region.
May 2017 – Araltuz, a company based in Kazakhstan, and Chinese Qinghai Soda Desheng Ash Industrial Co. Ltd signed an agreement to establish a joint venture for the production of soda ash.
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