According to the latest report by IMARC Group, titled “India Soda Ash Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the India soda ash market reached a volume of 4.4 Million Tons in 2022. Soda ash, also known as sodium carbonate (Na2CO3), is white, anhydrous, powdered organic raw material obtained from mining naturally occurring trona ore or from the ashes of plants growing in sodium-rich soils. It is an effective solvent on account of which it is widely used for controlling pH levels in water treatment, neutralizing acidity, eliminating surface corrosion. The incorporation of soda ash in laundry detergents, soaps and chemicals, sanitization sprays, bleach and stain removers further help in enhancing the solvency and stain removing capabilities of the product. Apart from this, it finds extensive application across the food and beverage (F&B) sector as a rising agent, additive, stabilizer and acidity regulator, thereby offering consumers relief from stomach pain and heartburn.
India Soda Ash Market Trends:
One of the key factors driving the India soda ash market growth is the increasing product utilization as an active ingredient in various fast-moving consumer goods (FMCG). This is further supported by the increasing need for disinfectant and specialty cleaning products across sectors, especially during the nationwide outbreak of the coronavirus disease (COVID-19) pandemic, to contain the spread of the infection. In line with this, the widespread utilization of soda ash to remove greasy buildup from kitchenware, such as pots, pans, oven racks, and drip pans, is favoring the market growth. Apart from this, the extensive deployment of sustainable manufacturing methods to introduce high-quality soda ash, while reducing the overall carbon footprint, is providing a considerable boost to the market growth. Moreover, the increasing product demand in industrial water treatment applications to stabilize the pH level of acidic water, along with the rising requirement for clean drinking water is positively impacting the market growth in the country. Other factors, including the increasing number ongoing construction and renovation activities, rapid economic expansion, rising expenditure capacities of consumers, and the widespread product utilization across the glass manufacturing industry for producing flat glass and fiberglass insulating materials, are anticipated to drive the market further toward growth. On account of the aforementioned factors, the market is anticipated to reach a volume of 4.9 Million Tons by 2028, growing at a CAGR of 1.6% during 2023-2028.
- On the basis of the application, the market has been classified into glass, soaps and detergents, chemicals, metallurgy, pulp and paper, and others. At present, the glass segment accounts for the majority of the total market share.
- Based on the region, the market has been categorized into North, West and Central, South, and East India. Currently, West India dominates the market, holding the largest market share.
- The competitive landscape of the industry has also been examined, along with the profiles of the key players.
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||North India, West and Central India, South India, East India
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