HOUSTON, Oct. 5 /PRNewswire/ -- Chemical Market Associates, Inc. (CMAI) announces the completion of the 2011 World Soda Ash Analysis, an annual global study that covers past and future developments in supply, demand, production, capacity, trade, pricing and profitability of the global soda ash industry for the period 2005 to 2015. Included with each analysis is 12 months access to CMAI's online capacity and supply/demand databases with a mid-term supply/demand update incorporating CMAI's latest market outlook. The analysis is a necessary resource for business managers and planning professionals who need to make strategic business decisions in a rapidly changing global economic and market environment.
(Logo: http://photos.prnewswire.com/prnh/20061109/CMALOGO)
(Logo: http://www.newscom.com/cgi-bin/prnh/20061109/CMALOGO)
In 2010, demand in the developing regions of the world is strong; this growth will likely take the world total back to pre-crisis levels. However, in many developed markets it may take longer to recover the demand lost in 2009, if ever. The major issue today for soda ash producers is overcapacity. This over-capacity is in some respects region specific. In Europe and China capacity is considerably in excess of demand. In the U.S. producers are running at high rates as they use their low cost position to maximize their exports.
The U.S. is the largest soda ash exporter in the world. Over the last decade, Chinese producers have taken market share from the U.S. in export markets, even in 2009. However, the loss in market share in 2009 was really due to a lack of flexibility by the U.S. industry and a delayed reaction to the changed market dynamics. In 2010, we have seen the reverse situation as the U.S. industry is very aggressive in export markets.
The soda ash industry is in an evolutionary phase. Part of the current changes are a legacy of the difficult environment the industry faced a decade ago, and part is a reflection of the changing global economic environment. The rapidly developing economies of China, India, and Russia in particular are prompting changes across the world, and pose both opportunities and challenges for this industry. The difficult global economic environment faced by the industry in 2009, and to date in 2010, has already influenced some changes and will, no doubt, precipitate even further changes over the years ahead.
CMAI forecasts that world demand will grow by about 4.6 percent per year through 2015. We forecast that Chinese production will increase at an average annual rate of almost five percent through 2015. Most of this increase in supply will be to meet domestic requirements. U.S. production is forecast to increase through 2015 to meet both domestic and export demand. There is significant idled capacity in the United States. Some of this capacity is likely to be restarted over the coming five years as the U.S. industry continues to exploit its low cost position. Capacity closures in the high cost regions including Europe are very likely.
To find out more about the current market issues and CMAI's outlook for this industry, order the 2011 World Soda Ash Analysis now at www.cmaiglobal.com. The analysis is available in book and CD-ROM format, with access to CMAI's Online Capacity and Supply/Demand databases. With updates to the Capacity database as changes in the marketplace occur, and a bi-annual update to the Supply/Demand database, clients benefit from up-to-date market information necessary for strategic business decisions.
CMAI is the premier provider of Market, Planning and Business Advisory services offering a unique combination of consulting analytics and expertise for the global chemical, plastics, fibers and chlor-alkali industries. With offices in Houston, New York, London, Dubai, Dusseldorf, Singapore and Shanghai, CMAI has provided expert business advisory services to a broad base of companies across multiple value chains and geographies since 1979. Clients to CMAI services include chemical and oil companies, technology & EPC companies, law firms, banking and financial institutions, plastic converters, textile & apparel manufacturers, brand-owners, grocers/retailers, government agencies and trading companies.
For more information on the 2011 World Soda Ash Analysis, visit CMAI's website at www.cmaiglobal.com or contact:
Jamie Van Fleet |
|
CMAI |
|
11757 Katy Freeway, Suite 700 |
|
Houston, TX 77079 U.S.A. |
|
Tel: 1-281-531-4660 Fax: 1-281-531-9966 |
|
Email: [email protected] |
|
SOURCE Chemical Market Associates, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article