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 players of the Global 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.
Receive a Sample Report for more Detailed Information @ https://www.marketresearchfuture.com/sample_request/2339
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.
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.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/soda-ash-market-2339
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar