Developments in production processes, continuous growth of the food and chemical industry, and the rise in manufacturing plant capacities have resulted in boosting the Soda Ash market.
Reports and Data’s latest industry analysis report titled ‘Global Soda Ash Market’ provides the reader with an exhaustive overview of the Soda Ash industry. The report is inclusive of a concise market summary and contains market projections based on the present market situation, current market size, and revenue growth rate. The report elaborates on the key market dynamics including market growth drivers, opportunities, threats, and challenges. In this report, market analysts at Reports and Data have emphasized the ever-changing market growth patterns and the dynamic environment of the industry. Key attractions of the report include List of Tables and Figures, Research Methodology, Competitive Landscape, Regional Analysis, Technological Breakthroughs, and Future Market Developments.
The global soda ash market is forecast to reach USD 39.41 Billion by 2028, according to a new report by Reports and Data. Soda ash can be defined as an inorganic compound, which is an odorless, not toxic, stable, flammable white powder. The inorganic compound can also be considered as a water soluble salt. Previously, it was extracted from the ashes of plants that grow in sodium-rich soils. As the ashes of these sodium-rich plants were different from ashes of wood, sodium carbonate was termed as soda ash. The inorganic compound is usually available in two types based on the density, i.e., light soda ash and dense soda ash. Sodium carbonate has diversified uses that touches the daily lives of individuals.
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Further key findings from the report suggest
- The Soda Ash market held a market share of USD 22.01 Billion in the year 2018 that is forecasted to grow at a rate of 5.70% during the forecast period.
- In context to Density, the Light Soda Ash segment is projected to witness a significant growth rate of 7.0% during the forecast period, which is expected to occupy 32.0% of the market by 2027. The rising demand for soaps detergents in developing regions and applicability of the light soda ash in its manufacturing, wherein it is used in enhancing the cleansing properties along with regulating the pH balance, contributes to the growth rate witnessed by this segment.
- In context to the Production Process, the Solvay process segment generated the highest revenue of USD 12.99 Billion in 2018, with a growth rate of 6.0% during the forecast period. The revenue generated by the segment is attributed to the extensive application of this process in the production of soda ash, because of its advantages like it consumes only limestone and brine, having calcium chloride as the only waste product, the process is economical as compared to other processes, which results in increasing preference among the manufacturers.
Top Companies Profiled in the Report: Solvay SA, Tata Chemicals Limited, Nirma Limited, FMC Corporation, Ciech SA, OCI Chemical Corporation, GHCL Limited, Soda Sanayii as, Oriental Chemical Industries and DCW Limited.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Density Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Dense Soda Ash
- Light Soda Ash
Production Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Solvay process
- Mining
- Hou's process
- Barilla and kelp
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Glass and ceramics
- Paper and pulp
- Soaps Detergents
- Chemicals
- Metallurgy
- Water Treatment
- Food additive and cooking
- Others
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Soda Ash market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Soda Ash market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Soda Ash market key players
3.2 Global Soda Ash size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Soda Ash market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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