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Soda Ash Market Size, Share to Grow at a CAGR of 4.42% by 2035 | ChemAnalyst
The Soda Ash market will likely experience a significant rise and reach approximately 100 million tonnes in 2035, at an expected CAGR of 4.42% during the forecast period by 2035.
Sodium carbonate is commonly referred to as "soda ash". It has a chemical formula of Na2CO3O. This non-toxic alkali metal salt can either be made synthetically using a chemical reaction or refined from the mineral ores trona and nahcolite. Soda ash is a versatile alkali salt utilized in various industries like glass manufacturing, detergent production, and softening water. This compound is highly soluble and henceforth used in production of detergents where it is used as a replacement of phosphates. Other industrial applications of soda ash are softening water, corn sweeteners, paper products, toiletries, enamel, petroleum, metallurgical refining, batteries, pharmaceuticals, and more.
The Soda Ash market globally is primarily driven by its usage for the manufacture of glass. In 2021, the Flat Glass and Container Glass industries collectively consumed approximately 52% of the global Soda Ash. These industries are expected to see a further expansion due to growing demand for the construction of homes and commercial complexes. Furthermore, the demand from the Soap & Detergent industry, where in Soda Ash is employed as a filler is expected to enhance the demand of Soda Ash in the forecast period.
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The global Soda Ash market is segmented based on type, end-use, sales channel, and region. Based on type, Soda Ash market is classified into Dense Soda Ash and Light Soda Ash. The Dense Soda Ash is leading the market by just few tonnes in comparison to Light Soda Ash. The glass sector, paper making, and detergent industries and some of the industries that employ the Dense Soda Ash.
Major Players are Genesis Alkali, Tata Chemicals Limited, CEICH S.A., Ciner Resources Corporation, Tronox Inc, Sisecam, Solvay S.A, Shandong Haitian Biochemical co.ltd, and Searless Valley Minerals.
Page Updated Last on: Dec 05, 2022