At 6.2% CAGR, Global Soda Ash Market Size/Trends Projected to Grow USD 33.10 Billion by 2030: According to Polaris Market Research

NEW YORK, Jan. 27, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Soda Ash Market Share, Size, Trends, Industry Analysis Report, By Density (Light, Dense); By End-Use (Glass & Ceramics, Soaps & Detergents, Paper & Pulp, Metallurgy, Chemicals, Water Treatment, Others); By Type; By Region; Segment Forecast, 2022 - 2030" published by Polaris Market Research in its research repository.

According the recent research study, the global soda ash market size & trends was valued at USD 19.79 billion in 2021 and is expected to reach USD 33.10 Billion by 2030, growing at a CAGR of 6.2% during the forecast period.

What is Soda Ash? How Big is Soda Ash Market Size & Share?

• Overview

Soda ash, also called sodium carbonate, is a chemical compound with the formula Na2CO3. It is commonly used in different industries, such as the manufacturing of glass, lithium-ion batteries, and dry powder detergents. It is also utilized in the food and pharmaceutical industries, as well as cleaning the air and soften water.  Other applications include paper and pulp production, cleaning products, stain removers, and laundry conditioners.

Soda ash is water-soluble, and it can form slightly alkaline solutions when dissolved in water. The natural procedures produce a limited amount of sodium carbonate. Thus it is usually manufactured through synthetic processes, including the Solvay process. The soda ash market size is majorly driven by the use of soda ash as an essential material in glass production, mainly flat glass and container glass coating.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Includes:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Highlights of The Report

• All-inclusive information on the product portfolios of the top players in the market.
• An in-depth assessment of the geographic and business segments of the market.
• Market segmentation on the basis of the type of product, application, and region.
• It offers a forward-looking perspective on the developing elements driving or controlling the business area's development.
• The recent research and development projects performed by each key player.
• A thorough analysis of the market's value chain and assess the effect of Porter's five forces.

Some of the Top Market Players Are:

• Ciech SA
• DCW Limited
• FMC Corporation
• GHCL Limited
• Nirma Limited
• OCI Chemical
• Oriental Chemical
• Soda Sanayii
• Solvay SA
• Tata Chemicals

To know an additional revised list of top market players, request a sample report, 2023-2032: https://www.polarismarketresearch.com/industry-analysis/global-soda-ash-market/request-for-sample

Growth Driving Factors

• Increasing applications of soda ash in various industries to push the market growth

The market is gaining high demand due to the product's increasing usage in the manufacturing of soda-lime-silica glass, glass containers, flat glass, and among other glass industries. Growing demand for flat glass for the housing, automotive, and commercial building industries is driving the soda ash market. sales Also, rising demand for container glass for consumer products is fueling the industry demand. A surge in glass and ceramics production due to the increased sales of automobiles and growing construction activities is another factor expected to boost the soda ash industry's growth.

Moreover, soda ash is increasingly used in the manufacturing of soaps, detergents, and shampoos as they have the ability to maintain the pH level of water, which is further expected to propel the market growth. Emerging applications of this industry, like rechargeable batteries and metallurgical processes, are enhancing the industry's expansion. In addition, increasing demand for soda ash in pharmaceutical companies is anticipated to create lucrative growth opportunities in the soda ash market over the forecast period.

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Recent Developments

• In December 2021, Sisecam, the Turkish glassmaker, announced acquisition of 60% of Ciner's soda business in the U.S.

Segmental Analysis

• The dense segment dominated the market

Based on density, the dense segment witnessed the largest soda ash market share as the soda ash has high density and it is a quality product. These types are largely used as raw materials in various industries, such as the glass industry and detergent and paper production. Further, the light segment is anticipated to register the highest growth rate throughout the foreseen period due to its emerging application in soap & detergents. It is also used in the production of soap, paste, powdered, and detergents.

• The synthetic category accounted for the highest revenue share

By type, the synthetic segment held the greatest market share. Further, the natural soda ash segment is predicted to generate significant revenue in 2021 as the soda ash produced from natural sources is cost-effective than synthetic production. Also, natural soda ash uses less energy and includes fewer impurities. These advantages are boosting segment growth. 

• The soaps & detergents segment is likely to capture the largest CAGR over the foreseen period

In terms of the end-use soda ash market, the segmentation of the soaps & detergents segment is predicted to acquire a major CAGR throughout the projected period. Soda ash is majorly used in the production of soaps & detergents as it prevents the hard water from sticking to the detergent. Soda ash also has surfactant qualities and high alkalinity and thus, they are prominently used in soaps and powdered detergents.

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Soda Ash Market: Report Scope & Trends

Geographic Overview

• North America witnesses the major revenue share

Based on geography, soda ash market demand in North America dominates the market because the U.S. is the world's largest producer of natural soda ash. The growing demand for ash in the detergent and glass industry is driving market growth in the region. Also, the large presence of leading global market players in the region is supporting the growth of the market.

Moreover, Asia Pacific is anticipated to capture the highest market share over the assessment period owing to the increasing developments in construction, chemicals, and soaps & detergents sectors. There is a high consumer base for soda ash in China and India due to its increased demand across industries like construction, cleaning chemicals, paper textiles, and glass.

Browse the Detail Report "Soda Ash Market Share, Size, Trends, Industry Analysis Report, By Density (Light, Dense); By End-Use (Glass & Ceramics, Soaps & Detergents, Paper & Pulp, Metallurgy, Chemicals, Water Treatment, Others); By Type; By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/global-soda-ash-market   

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Polaris Market Research has segmented the soda ash market report on the basis of density, type, end-use, and region:

By Density Outlook

• Light
• Dense

By Type Outlook

• Synthetic
• Natural

By End-Use Outlook

• Glass & Ceramics
• Soaps & Detergents
• Paper & Pulp
• Metallurgy
• Chemicals
• Water Treatment
• Others

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research