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The global soda ash market reached a value of US$ 17.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Soda ash (Na2CO3), also known as sodium carbonate or washing soda, is a white, odorless and non-toxic organic salt of sodium. It is generally found in natural deposits and can also be acquired from the ashes of plants growing in sodium-rich soils. Soda ash belongs to the Chlor-alkali family and is widely used in numerous industries owing to its disinfectant properties. It acts as a vital component in bleach, stain removers, sanitizing sprays, laundry detergents, all-purpose cleaners and automatic dishwashing detergents. It is also utilized as a fungicide, microbicide, herbicide and as a pH adjuster in personal care products.
One of the primary factors that are impelling the growth of the market is the burgeoning glass industry across the world. The demand for glass products has experienced a significant rise in recent years on account of the boosting sales of automobiles and increasing construction activities. Besides glass manufacturing, soda ash is also utilized in the production of several chemicals such as sodium silicate, sodium chromate and dichromate, and sodium bicarbonate and percarbonate. It is also used for making dyes, coloring agents, and adhesives and sealants. Moreover, as soda ash aids in maintaining the pH level of water, it is employed in the manufacturing of soaps, detergents and shampoos. The rising demand for these products, due to growing awareness among consumers about personal hygiene, is providing a positive thrust to the sales of soda ash. Additionally, the increasing number of wastewater treatment projects supported by stringent government regulations in various countries is further influencing the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global soda ash market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and application.
Breakup by Application:
Soda ash is widely used in the manufacturing of glass as it helps in regulating the temperature of the furnace to attain stability. The increasing adoption of glass packaging solutions in the food and beverage, pharmaceutical and personal care industries is strengthening the market growth in this segment.
On the geographical front, China represents the largest market for soda ash across the world. This can be attributed to the presence of several players in the country and the increasing use of soda ash in large-scale textile and pulp and paper industries.
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the major players. Some of the leading players operating in the market are:
The global soda ash market reached a value of US$ 17.8 Billion in 2020.
According to the estimates by IMARC Group, the global soda ash market is expected to grow at a CAGR of around 4% during 2021-2026.
The expanding glass industry has led to the increasing utilization of soda ash in manufacturing glass products for diverse applications, thereby representing one of the key drivers of the global soda ash market.
The increasing number of wastewater treatment projects supported by stringent government regulations will continue to drive the demand for soda ash in numerous water treatment activities.
The market experienced a negative impact on account of the sudden outbreak of the COVID-19 pandemic as major companies have deviated their production units for manufacturing critical chemicals that may help in the eradication of disease.
On the basis of the application, the market has been bifurcated into glass, chemicals, soaps and detergents, metallurgy, pulp and paper, and others. In this segment, the glass industry currently accounts for the largest market share.
Region-wise, the market has been classified into China, Asia Pacific (excluding China), Europe, North America, Latin America, and Middle East and Africa, where China holds the largest market share.
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