The new report by Expert Market Research titled, 'Global Soda Ash Market Growth, Research, Analysis, Size, Share, Report and Forecast 2020-2025', gives an in-depth analysis of the global soda ash market, assessing the market based on its segments like types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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Market Overview (2015-2025)
1. Historical Market Size (2019): 62 million tons
2. Forecast CAGR (2020-2025): 2.1%
3. Forecast Market Size (2025): 70.2 million tons
The global soda ash market is being driven by the growing demand for soda ash in the glass industry, rapid urbanisation, and growing technological advancements. The growing adoption of flat glass in consumer electronic products and construction applications is supporting the industry further. Meanwhile, the growing product utilisation for detergents, chemicals, and metallurgy applications is also contributing to the industry expansion. Over the forecast period, the expanding applications of soda ash in the air purifying and water softening sectors due to rising environmental concerns and the growing construction activities in the developing nations are expected to boost the market growth.
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Industry Definition and Major Segments
On the basis of type, the industry is bifurcated into:
Based on application, the industry can be categorised into:
3. Soaps and Detergents
5. Pulp and Paper
The regional markets for soda ash include:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
The global soda ash market is expected to receive a further boost with the growing focus on purifying polluted air and water in several industries and the thriving construction sector in emerging nations. Soda ash has the capacity to remove sulphur dioxide and hydrochloric acid from stack gases and can further control the pH value of water. The stringent government regulations regarding the emission of harmful gases and the discharge of wastewater from production plants are expected to significantly drive the demand for soda ash. Moreover, in 2017, the Chinese government planned to build two million units of public rental housing to provide affordable homes for low-income groups, followed by the rapid increase in the country's fiscal spending on government-subsidised housing, thus, supporting the construction sector. Such developments are expected to aid the industry growth over the forecast period.
Key Market Players
The major players in the market are Ciner, Sisecam Group, Solvay, Shandong Haihua Group, and Tata Chemicals Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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