Soda Ash Market Overview:
Soda Ash Market size was worth USD 16.7 Billion in 2021, accounting for a CAGR of 4.2% during the forecast period (2022-2030), and the market is projected to be worth USD 24.2 Billion by 2030.
Soda ash, correspondingly known as sodium carbonate, is an odorless, white-colored crucial raw material utilized for the production of glass, detergents, chemicals, and several industrial products. Soda ash is refined from mineral trona. The ashes of trees grown in the sodium-rich grounds are exceptional sources of soda ash (sodium carbonate). The industry of glass is receiving sturdy traction throughout developing nations owing to rapid urbanization. Moreover, the detergents and chemical industries are doing well owing to the rising disposable income of the population, which has boosted the sales of laundry services and washing machines. A significant factor propelling this market globally is the technological progressions in extraction procedures, such as room & pillar mining techniques. Furthermore, the trona’s largest deposit is in Wyoming’s Green river basin, where 47 billion tonnes of soda ash can be gained from 56 billion tonnes of bedded trona.
Through the regional analysis of the soda ash global market, it is determined that the Asia Pacific region holds the dominating share in the market. Owing to the increasing demand for glass and detergents & soaps. The North American region and European region are the fastest growing regions after the Asia Pacific region.
Soda ash is a self-regenerating resource that will never deplete from nature and is one of the world’s most copious natural resources. This is one of the major factors propelling the market growth of soda ash in the forecast period. Furthermore, the increasing demand from the construction industry for flat glass is driving the growth of the market. Owing to the improving living standard throughout the major emerging nations is contributing to the rise of the construction industry. This in turn is propelling the soda ash market. Flat glass minimizes heat penetration into infrastructure, conserves energy, and bids an outstanding visual effect.
The production process of soda ash releases greenhouse gases such as sulfur oxide and carbon dioxide which are harmful to the environment. Therefore, the strict rules in western regions restrict the usage of synthetic soda ash which is anticipated to restrain the market in the forecast period. Furthermore, the availability of alternatives such as ethoxylated propylene glycol and sodium lauryl sulfate is another vital factor estimated to hamper the growth of the market during the forecast period.
The outbreak of the pandemic has adversely affected the market of soda ash. Due to the shutdown of the construction industry during the lockdown, the demand for soda ash decreased eventually as there was no requirement for glass infrastructure. Furthermore, disruption in the supply chain has also created obstacles for the market of soda ash. However, post-pandemic the relaxation of restrictions imposed by the government has gradually increased the demand for soda ash. Also, the restart of the construction industry has propelled market growth.
Soda Ash Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||24.2 Billion|
|By Type||Light Soda Ash and Dense Soda Ash|
|By Application||Glass, Soaps & Detergents, Water-Treatment, Chemicals, and Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa|
|Key Players||Ciech SA, Destiny Chemicals, Genesis Energy LP, OCI Co. Ltd., SHANDONG OCEAN CHEMICAL Co. Ltd., Sisecam., GHCL Ltd., Hydrite Chemical Co., Ciner Resources Corp., Lianyungang Soda Ash Co. Ltd., Nirma Ltd.|
In terms of type, the soda ash market is bifurcated into light soda ash and dense soda ash. The dense soda ash segment dominated the market globally with a growth rate of 4.6% in the forecast period. The utilization of dense soda ash in the manufacturing of containers, paper, flat glasses, and detergents is driving the market. Furthermore, the rising consumption of light soda ash in water treatment applications is estimated to boost market growth in the forecast period. Light soda ash has small grains compared to dense soda ash. This has 5% less sodium chloride than the dense type. The dense type is obtained by further proceeding with dehydration in the Solvay process after obtaining the light soda ash. This contains large granules with fewer impurities and decreasing scattering possibility.
The application segment is incorporated with glass, soaps & detergents, water treatment, chemicals, and others. The glass manufacturing segment is the dominating segment with more than 50% utilization of soda ash produced globally. China is the largest exporter of glass products throughout the world owing to the highest utilization of soda ash crediting more than 20% of the global glass export’s share. Glass is extensively used in the construction industry which is fuelling the growth of the soda ash market. The soaps and detergents segment is holding more than 15% of the market share of soda ash in the forecast period. As they are significant components of detergents (powdered) and soaps due to their high alkalinity which helps in improving the solvency and effectiveness of detergent or soap in removing stains by using less water.
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. The Asia Pacific region is holding the largest share of the market. China is the world’s largest soda ash consumption country. The rising demand for soaps, detergents, and glass is due to the increase in residential needs in India and China. The market will also witness growth due to the rise in construction activities in these developing countries. The North American and European regional markets are estimated to dominate after the Asia-Pacific region. The North American region has a huge demand for soda ash in the pharmaceutical industry for glass containers for storage and it is also the producer of natural soda ash due to huge trona deposits.
Soda Ash Market Competitive Landscape
The competitive landscape of the market has been assessed in the report, with detailed profiles of the key players operating in the industry. Further, the rise in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Ciech SA
- Destiny Chemicals
- Genesis Energy LP
- OCI Co. Ltd.
- SHANDONG OCEAN CHEMICAL Co. Ltd.
- GHCL Ltd.
- Hydrite Chemical Co.
- Ciner Resources Corp.
- Lianyungang Soda Ash Co. Ltd.
- Nirma Ltd.
- In 2019, Ciner Group and Şişecam Group declared an equal partnership contract for the manufacturing of natural soda, in the USA.
- In 2018, the Ciner group has declared the inauguration of the Kazan Soda facility to manufacture sodium bicarbonate and natural heavy soda ash.
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