Report Description
Soda Ash Market Outlook 2031
The global soda ash market size was USD 18.25 Billion in 2022 and reach USD 25.98 Billion by 2031 is anticipated to expand at substantial CAGR 4% during the forecast period, between 2023 - 2031. Soda ash (Na2CO3) is a white, odorless, and non-toxic organic sodium salt. It is also known as sodium carbonate or washing soda, which can be obtained from the ashes of plants growing in sodium-rich soils as well as from natural deposits.
Soda ash, a component of the Chlor-alkali family, is widely used in a range of applications due to its disinfection properties and the presence of fungicide, microbicide, herbicide, and pH adjuster. Some of the main applications of the substance includes bleaching, sanitizing sprays, stain removers and cleaners, and laundry detergents.
Soda ash is an alkali chemical agent refined from the mineral trona or naturally occurring sodium carbonate-bearing brines. It is obtained from the mineral nahcolite, or synthesized through one of numerous chemical methods. Soda ash is used for various application in the glass industry including making containers, fiberglass insulation, or flat glass for the housing, commercial building, or automobile industries.
Soda Ash Market Trends, Drivers, Restraints, and Opportunities:
- Wide use of the component in glass products and rising expansion of the glass industry globally is expected to drive the market growth during the forecast period.
- High demand for soda ash in developed regions such as Europe and North America due to rapid process of building and construction presents another key aspect of the market expansion.
- Rise in focus on renewable energy is expected to drive demand for soda ash market during the forecast period.
- Increasing awareness of organic personal care products and rising disposable incomes of a large number of the global population are expected to boost the market expansion in the coming years.
- Rising demand for wastewater treatment solutions, impacted by stringent government regulations for environment in several countries is expected to boost the market growth.
Scope of The Soda Ash Market Report:
The report on the global soda ash market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Soda Ash Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Natural and Synthetic), Applications (Glass, Chemicals, Soaps & Detergents, Metallurgy, Water Treatment, Pulp & Paper, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered
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Solvay; Tata Chemicals Ltd; SHANDONG OCEAN CHEMICAL CO. LTD; Genesis Energy; NIRMA, Ciner Resources Corporation; Ciech; GHCL Limited; OCI COMPANY Ltd; DCW Ltd; Sahand Industrial Group; ICI Pakistan Limited; Bashkir Soda Company JSC; and Huanghua Tianxin Chemical Industry Co., LTD.
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Soda ash Market Segment Insights:
Natural segment to hold significant market share
In terms of types, the market is bifurcated into natural and synthetic. The natural segment is projected to hold significant market share of the market owing to wide use of natural soda for various products manufacturing. Natural soda ash is naturally obtained by mining mineral ores such as Trona ore and then processing it into a simple process of filtration, concentration, crystallization, and drying.
Moreover, factors such as reducing manufacturing cost and environmental effect of natural soda ash products have several benefits over products based on synthetic soda ash. Compared to natural soda ash, synthetic soda ash consumes more energy and emits carbon-dioxide more. In Asia, natural manufacturing accounts for a small percentage of total production.
Glass segment held substantial market share in 2020
Based on applications, the global soda ash market is fragmented into glass, chemicals, soaps and detergents, metallurgy, water treatment, pulp & paper and others. The glass segment held substantial market share in 2020 and is expected to account for high market share during the projected period due to wide adoption of the component for manufacturing of glass products.
More than half of the soda ash produced in the world is used in the glass industry. Soda ash is used to manufacture soda-lime silica glass, which is the most common type of glass. Since soda ash naturally lowers melting temperatures and its alkali efficiently enhances the shape of the glass object, it is employed as the major ingredient.
Sand is also employed as a glass-forming oxide, with lime added for chemical stability. However, the soaps & detergents segment is projected to have a key share of the market owing to increasing use of soda ash for various soaps and detergents.
Asia Pacific to dominate the global market
In terms of regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, Asia Pacific is expected to dominate the global market, representing high market share owing to increasing industrialization in emerging economies such as China, India, Thailand, and Indonesia.
The three countries that have led to commercially exploit Trona resources are massive deposits in Wyoming, USA; huge quantities in Turkey; and much smaller and chemically less pure concentrations in China.
Segments
By Types
By Applications
- Glass
- Chemicals
- Soaps & Detergents
- Metallurgy
- Water Treatment
- Pulp & Paper
- Others
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Solvay
- Tata Chemicals Ltd
- SHANDONG OCEAN CHEMICAL CO. LTD
- Genesis Energy
- NIRMA
- Ciner Resources Corporation
- Ciech
- GHCL Limited
- OCI COMPANY Ltd
- DCW Ltd
- Sahand Industrial Group
- ICI Pakistan Limited
- Bashkir Soda Company JSC
- Huanghua Tianxin Chemical Industry Co., LTD.
Competitive Landscape
Key players in the global soda ash market are Solvay; Tata Chemicals Ltd; SHANDONG OCEAN CHEMICAL CO. LTD; Genesis Energy; NIRMA, Ciner Resources Corporation; Ciech; GHCL Limited; OCI COMPANY Ltd; DCW Ltd; Sahand Industrial Group; ICI Pakistan Limited; Bashkir Soda Company JSC; and Huanghua Tianxin Chemical Industry Co., LTD.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soda Ash Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soda Ash Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soda Ash Market - Supply Chain
4.5. Global Soda Ash Market Forecast
4.5.1. Soda Ash Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soda Ash Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Soda Ash Market Absolute $ Opportunity
5. Global Soda Ash Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Soda Ash Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Soda Ash Demand Share Forecast, 2019-2026
6. North America Soda Ash Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Soda Ash Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Soda Ash Demand Share Forecast, 2019-2026
7. Latin America Soda Ash Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Soda Ash Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Soda Ash Demand Share Forecast, 2019-2026
8. Europe Soda Ash Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Soda Ash Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Soda Ash Demand Share Forecast, 2019-2026
9. Asia Pacific Soda Ash Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Soda Ash Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Soda Ash Demand Share Forecast, 2019-2026
10. Middle East & Africa Soda Ash Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Soda Ash Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Soda Ash Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Soda Ash Market: Market Share Analysis
11.2. Soda Ash Distributors and Customers
11.3. Soda Ash Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Solvay
11.4.2.
Tata Chemicals Ltd
11.4.3.
SHANDONG OCEAN CHEMICAL CO. LTD
11.4.4.
Genesis Energy
11.4.5.
NIRMA
11.4.6.
Ciner Resources Corporation
11.4.7.
Ciech
11.4.8.
GHCL Limited&a