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Soda Ash Market By Density (Light, Dense) By End Use Industry (Glass & Ceramics, Soaps & Detergents, Paper & Pulp, Metallurgy, Chemicals, Water Treatment, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The Soda Ash Market report explores the critical analysis of the Soda Ash industry using key parameters. The report consists of investment strategies, the need for investments in the Soda Ash industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the technical regulations for the Soda Ash industry, as well as how economic and non-economic barriers are helping the Soda Ash market. Moreover, the report analyses the regional and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Soda Ash Market?

In 2021, the dense category dominated the market as heavy soda was widely used to produce flat glass, glass containers, and detergents.

In 2021, the glass & ceramics segment to dominate the market because of its capacity to manage the furnace temperature required to melt silica. It is a vital component in the glass-making process.

Which region dominated the Soda Ash Market?

In 2021, North America was one of the major contributors to global soda ash due to the region's substantial trona reserves and affordable natural products. Natural products' low prices will greatly impact how popular they become in the North American market. The expansion of the soda ash market in North America is attributed largely to developed nations like the U.S. and Canada. This area's glass and detergent industries also highly demand appropriate ash. If foreign market players grow in this region, the market will expand rapidly.

What is the competitive environment of the Soda Ash Market?

The key market players' corporate expansion plans are opportunistic for developing the world market. Along with the rising need for better oil recovery, expanding plant capacities and joint ventures in emerging regions will also present several growth prospects for the soda ash market over the projection period. For instance, in 2019, Tata Chemicals Ltd. began producing soda ash in Gujarat with a 0.9–1.1 million annual production capacity. Similarly, in January 2018, Solvay SA unveiled a new energy-efficient gas turbine at its soda ash factory in Rosignano, Italy, securing its existing production capacity and long-term competitiveness in local and international markets.

Executive Summary

How has glass production influenced the market for soda ash?

Several chemical procedures are used to manufacture the alkaline chemical known as soda ash, which is refined from minerals. Other names for soda ash include sodium carbonate or washing soda. Glass manufacturing is its main use. In addition, soda ash could be used to produce containers and fiberglass insulation for the construction of dwellings, commercial structures, and automotive sectors. One of the most plentiful natural resources, soda ash, has numerous uses in numerous industries, which will help propel soda ash sales over the projection period. The rise in the market for soda ash has been significantly influenced by the increased use of soda ash in the glass manufacturing, construction, and automotive industries. In the recent past, there has been a noticeable increase in glass production, particularly the production of flat glass and container glass coating, among other things. The main ingredient in these glasses is soda ash, which is also employed as a fluxing agent since it lowers the furnace or heater temperature needed to melt the silica. The use of soda ash has also concentrated the energy used in glass production.

Which are the key investments by the players in the Soda Ash Industry Market?

Due to increased investment and government backing, soda ash consumption is anticipated to expand over the projection period. Major producers are investing in R&D to reduce costs because of the global soda ash market's huge development potential.

Some of the major players in the market are Solvay S.A., Ciner Group, Tata Chemicals Limited, CIECH S.A., Genesis Energy, LP, Nirma Limited, GHCL Limited, DCW Ltd., ICI Pakistan Limited, Sahand Industrial Group, Novacap Group, Soda Sanayii AS, Bashkir soda company and Huanghua Tianxin chemical industry Co., LTD. 

What are the Major Driving Factors for the Soda Ash Market?

The rapid expansion of end-user markets and the expansion of manufacturing capacity have significantly impacted the soda ash market's expansion. Following this, the expanding chemical industry in several emerging nations is also playing an important role in promoting the expansion of the soda ash market during the forecast year. Additionally, the rapidly expanding glass sector worldwide and the increasing need for natural and synthetic products from end-use industries contribute to the soda ash market expansion. The primary element driving the market's expansion is the rising demand for these goods brought on by consumers' increased awareness of personal hygiene. The manufacturing of many chemicals, including sodium chromate and dichromate, sodium silicate, sodium bicarbonate, and sodium per-carbonate, as well as the creation of colors, coloring agents, adhesives, and sealants, all of which need soda ash, is positively affecting the market's expansion.

What are the Major Risks for the Soda Ash Market?

The expansion of the soda ash market may be threatened by the accessibility of many product substitutes, including caustic soda and sodium silicate. The projected growth rate of the soda ash market may be significantly constrained by the escalating worries about its effects on the environment and energy-intensive operations.

Which is the Key Density in the Soda Ash Market?

Based on density, the market is segmented into dense & light. The dense category dominated the market in 2021, as heavy soda is widely used in manufacturing flat glass, glass containers, and detergents. The dense soda ash segment's prominence is related to its extensive use as an essential industrial ingredient. The high demand for and usage of dense soda ash in glass manufacture, a key application of sodium carbonate, also contributes to the segment's market share. However, the light category is anticipated to grow quickly over the projected period because of the rising application in soaps and detergents. For instance, light ash is a crucial industrial alkali ingredient used to make paste, powdered, and soap detergents.

How is the Soda Ash Market performing in regions?

In 2021, the soda ash market was dominated by North America because the United States produces the most natural soda ash in the world due to significant trona deposits. Trona is a monoclinic mineral that is grey-white or yellowish-white, and a sodium carbonate compound converted into ash. Additionally, this region's glass and detergent industries greatly require suitable ash. The market will grow more quickly if international players expand in this region. For instance, in December 2021, the Turkish glass manufacturer Sisecam said it would buy 60% of Ciner's soda business in the United States.

Besides, the Asia-Pacific is expected to grow significantly over the forecast period and maintain its dominance during that period. The region's market dominance is attributable to the ongoing rise of the auto and construction industries and the rising demand for soaps and detergents, which foster the market's expansion in this area. Additionally, due to demand from industries including construction, paper, textiles, glass, and cleaning chemicals, China and India are the two countries in this region that consume the most soda ash.

What is the regulatory landscape for the Soda Ash Market?

The growing number of wastewater treatment projects in various nations, supported by severe government regulations, further drives market expansion. Furthermore, the demand for natural soda ash has increased due to severe regulations in Europe and North America that limit the manufacture of synthetic soda ash. Most market participants will be impacted by environmental regulations about the manufacture of synthetic soda ash. Due to strict laws, most synthetic soda ash facilities in Europe have closed recently. This could also result in the introduction of anti-dumping taxes in developing nations.

What is the Market Size of Soda Ash regarding value?

The Soda Ash Market is anticipated to grow at a substantial CAGR of 6% in the upcoming years. The Soda Ash industry was estimated to be worth USD 17.5 billion in 2021 and was expected to be worth USD 24.8 billion by 2028.

What effect does COVID-19 have on the market for Soda Ash?

The COVID-19 pandemic has significantly altered the world's situation. Since China is the world's top producer and supplier of soda ash, the market has been anticipating a decline in demand and supplies. A slight downturn in the market is anticipated in the upcoming months or years. The scarcity of raw supplies has raised their prices. Because people's discretionary money decreased during the lockout, less demand is being shown for practically all products these days. Due to a current shortage of raw materials and constraints on soda ash manufacturing enterprises, production processes for soda ash products are halted.

Segmentation of Soda Ash Market-

Soda Ash Market – By Density

  • Light
  • Dense

Soda Ash Market – By End Use Industry

  • Glass & Ceramics
  • Soaps & Detergents
  • Paper & Pulp
  • Metallurgy
  • Chemicals
  • Water Treatment
  • Others

Soda Ash Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the Soda Ash industry

COVID-19 is expected to affect the Soda Ash market negatively.

North America accounted for the highest share of the Soda Ash market.

The rapid expansion of end-user markets and the expansion of manufacturing capacity have significantly impacted the soda ash market's expansion.

The dense segment had a major share in 2021, with more than 60% of the market revenue share.

The glass & ceramics segment had a major share in 2021, with more than 30% of the market revenue share.

Soda Ash Market Scope

Report Attribute Details
Market Value in 2021 USD 17.5 billion
Market Value in 2028 USD 24.8 billion
CAGR 6%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Consumer Goods
Report ID:   60706
Report Format:   PDF
Pages:   140
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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