by Soda Ash Market Overview:
Soda ash, also known as sodium carbonate, is an important alkaline compound used majorly in glass, chemicals, detergents and metallurgical industries. It has high solubility in water and acts as an excellent neutralizing agent. The growing demand from end use industries has increased production of soda ash globally.
Market key trends:
One of the key trends in the soda ash market is shift towards natural soda ash. Previously, the market was dominated by synthetic soda ash which is energy intensive to produce. However, with rising energy and production costs, many players are focusing on extracting soda ash from natural trona deposits. Major natural reserves are found in the US, Turkey and Africa. Soda ash extracted from these regions has lower carbon footprint and production cost compared to synthetic route. This has boosted supply of natural soda ash globally over the past few years.
Segment Analysis
The soda ash market is segmented by type into dense soda ash and light soda ash. The light soda ash segment dominated the market in 2021 and is expected to maintain its dominance over the forecast period. Light soda ash finds wide application in glass manufacturing as it helps reduce the melting point and viscosity of glass. It also increases workability and mobility of molten glass.
Key Takeaways
The global Soda Ash Market Size is expected to witness high growth, exhibiting a CAGR of 6.2% over the forecast period 2023 to 2030, due to increasing demand from glass manufacturing.
Regional Analysis
Asia Pacific dominated the global soda ash market in 2021 and is expected to remain dominant over the forecast period. Countries such as China, India, and Japan are major contributors to the growth of the regional market. China held the largest market share in the region in 2021 owing to huge domestic glass production in the country.
Key Players
Key players operating in the soda ash market are CIECH SA, Ciner Resources Corporation, Genesis Energy LP, GHCL Limited, Lianyungang Soda Ash Co. Ltd, NIRMA LIMITED, Şişecam Group, Solvay, Shandong Haihua, Group Co. Ltd, and Tata Chemicals Ltd. CIECH SA is one of the leading global producers and suppliers of soda ash. It has been operating in the soda ash business for over 100 years and produces soda ash at its plant located in Inowrocław, Poland.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
