IMARC Group, a leading market research company, has recently releases report titled “Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global soda ash market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the soda ash market?
Report Attributes | Details |
Market Size in 2022 | US$ 18.8 Billion |
Market Forecast in 2028 | US$ 25.6 Billion |
Growth rate (2023 to 2028) | CAGR of 5.4% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Soda Ash?
Soda ash (Na2CO3), also called sodium carbonate or washing soda, is a white, odorless, and non-toxic organic salt of sodium. It is usually found in natural deposits and can be acquired from the ashes of plants growing in sodium-rich soil. Soda ash belongs to the Chlor-alkali family and exhibits disinfectant properties. In line with this, it acts as an essential component in bleach, stain removers, sanitizing sprays, laundry detergents, all-purpose cleaners, automatic dishwashing detergents, etc. Commercial soda ash is commonly available in several grades that differ in particle size and shape as well as bulk density. It is widely utilized as a fungicide, microbicide, herbicide, and as pH adjuster in personal care items.
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What are the growth prospects and trends in the soda ash industry:
The escalating demand for glass products, on account of the inflating sales of automobiles and the increasing construction activities, is among the key factors stimulating the soda ash market. Furthermore, the elevating utilization of the crystalline solid in the production of numerous chemicals, including sodium silicate, sodium chromate and dichromate, sodium bicarbonate and percarbonate, etc., is acting as another significant growth-inducing factor. Apart from this, the widespread adoption of soda ash in the manufacturing of dyes, coloring agents, adhesives, sealants, etc., is positively influencing the global market. Moreover, it is used to produce soaps, detergents, shampoos, etc., which is also propelling the market growth. Besides this, the growing consumer awareness towards personal hygiene is further catalyzing the global market. Additionally, the rising number of wastewater treatment projects, owing to the implementation of stringent regulations by government bodies, is expected to fuel the soda ash market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Application:
- Glass
- Soaps and detergents
- Chemicals
- Metallurgy
- Pulp and paper
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Who are the key players operating in the industry?
The report covers the major market players including:
- Solvay S.A.
- Tata Chemicals Limited
- Shandong Haihua Group Co. Ltd.
- Tronox Limited
- Nirma Limited
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