A Quick Look At The Latest Happenings In The Soda Ash Market
Posted: Aug 30, 2018
Asia-Pacific Dominates with Major Growth in the Soda Ash Market :
Asia-Pacific and Americas had witnessed significant growth in the soda ash market with the global share rising to more than 60% of the market in 2017. Asia-Pacific is the leading market holder for Soda Ash Market used in the production of glass, detergents, as well as in other chemicals. The Asia-Pacific market is witnessed to grow at a CAGR of 3.48% to reach revenue of $9697.17 million by 2023. The market is highly depended on the strength of demand growth from China and India, and growth rates in automotive and construction sector in the countries. North America is the second leading market to grow at a CAGR of 3.31% to reach revenue of $4700.73 million by 2023. North America is one of the largest soda ash producing regions. U.S. remained the second largest producer of soda ash after China. Europe acquires the third largest market in the world, growing at a CAGR of 3.84% for the forecast period of 2018-2023.
Selected End-User Industry Analysis Done in the Full Report:
Soda ash finds its applications in various fields which include glass for construction, automobiles and packaging, food and beverage sector, consumer goods (detergents and soaps) and many more. Glass sector will cause maximum revenue of $9547.20 million by 2023 in terms of its usage in automobile, construction and various other industries and is expected to continue its growth at a CAGR of 3.47% globally. The volumetric growth of sodium ash in the glass industry is expected with a CAGR of 4.26% across with APAC achieving the highest CAGR in construction industry.
The market for chemical industries had a high volume usage of 9493.71 KT in 2017, which is expected to reach 12470.14 KT by 2023 with a growing CAGR of 4.65% globally. The market is estimated to grow at a CAGR of 3.78% to reach revenue of $3552.68 million by 2023. The market for consumer good is the third leading market projected to grow at a CAGR of 3.89%, followed by the Food and Beverage, Pulp and Paper with a CAGR of 4.15% and 1.62% respectively.
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Excerpts on Market Growth Factors :
Factor causing such rapid growth is swift industrialization and a huge demand for soda ash uses in glass applications is set to boost this growth.
Growth in household detergents market is likely to drive the soda ash market in the near future.
Food and Beverage is a fast growing sector for soda ash. Sodium carbonate soda is used basically as food additives, although the consumption volume is less as compared to various others sector like glass, but growth is quite prominent owing to the increased demand of food from across the globe.
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Key players of the Soda Ash Market :
Solvay SA has proved to be the biggest player in the market for soda ash along with Ciner group, Tata Chemicals and many more. Ciner group serves in the segments of soda segment, organic segment, silicates and glass segment, transport segment and others, with products Soda Ash Light, Soda Ash Dense, and Soda Ash Feed Grade. Tata Chemicals Ltd. has its products in Inorganic Chemicals, Fertilizers, and Agriculture inputs with products like Dense Soda Ash and Light Soda Ash. Solvay SA is known for its Advanced Formulations, Advanced Chemicals, Performance Chemicals, Functional Polymers, Corporate and Business Services.
The Soda Ash Market report is Segmented as Below:
A.Soda Ash Market By End Use Industry:
- Consumer Goods
- Food and Beverage
- Pulp and Paper
B.Soda Ash Market By-Products:
- Production Breakdown
- Process Comparison
C.Soda Ash Market by Geography (covers 10+ countries)
D.Soda Ash Entropy Market
E.Manufacturer Citied / Interviewed
- Ciech S.A.
- Ghcl Limited.
- Sisecam Group
- Dcw Limited
- Tronox Limited.
- Asahi Kasei Advance Corporation
A.India Soda Ash Market
B.Rice Husk Ash Market
What can you expect from the report?
The Soda Ash Market Report is prepared with the main agenda to cover the following 20 points:
- Market Size by Product Categories & Application
- Market trends & Relevant Market Data
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Demand Analysis (Revenue & Volume)
- Country level Analysis
- Competitor Analysis
- Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Strategic Analysis
- Current & Future Market Landscape Analysis
- Opportunity Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Soda Ash Market segment?
Response: Yes, we do have separate reports as mentioned below:
- America Soda Ash Market (2018-2023)
- Europe Soda Ash Market (2018-2023)
- Asia-Pacific Soda Ash Market (2018-2023)
- End-User Industry Soda Ash Market (2018-2023)
- Product Type Soda Ash Market (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- Increase the level of data in application or end user industry.
- Increase the number of countries in geography chapter.
- Find out market shares for other smaller companies or companies which are of interest to you.
- Company profiles can be requested based on your interests.
- Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryArc: IndustryArc is a Research and Consulting Firm that publishes more than 500 reports annually in various industries