Soda ash, also known as sodium carbonate, is a white, anhydrous, powdered or granular substance with the chemical formula Na2CO3. It is an alkali chemical refined from the mineral trona or naturally occurring sodium carbonate bearing brines. Soda ash is an essential raw material used in the manufacturing of glass, detergent chemicals and other industrial products. IMARC Group’s recently published report titled “Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” finds that the global soda ash consumption reached a volume of 56.5 Million Tons in 2018, exhibiting a CAGR of 2% during 2011-2018.
The global soda ash market is currently being driven by a number of favourable factors. One of the primary factors is the thriving construction and automotive industries which drive the demand for soda ash in the manufacture of flat glass. Another major factor is the rising demand for soaps and detergents in the developing regions, due to improving standards of living and hygiene consciousness. The use of soda ash in the waste water treatment industry has also witnessed a boost owing to stringent regulations by the governments of various countries. According to the report, the market is further projected to reach a volume of 67.4 Million Tons by 2024.
The report has analysed the various end-use industries of soda ash covering glass, chemicals, soaps and detergents, pulp and paper, metallurgy, etc. Among these, the glass industry represents the largest consumer of soda ash, accounting for majority of the market share. On a regional basis, the report covers China, Asia-Pacific (excluding China), Europe, North America, Latin America and Middle East & Africa. Currently, China represents the largest region, accounting for nearly half of the total global share. An analysis of the global import and export data finds that the United States represents the largest exporter of soda ash, whereas, Mexico represents the largest importer. The report has also analysed the competitive landscape of the global soda ash market with some of the key global players being Solvay, Tata Chemicals, Shandong Haihua Co. Ltd. and Tronox.
The report provides a comprehensive insight into the global soda ash industry including its market break-up by region, market breakup by end-uses, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of soda ash covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials requirements, etc.
The essential aspects of the global soda ash market evaluated in the report include:
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