NEW YORK, November 7, 2016 /PRNewswire/ --
Increasing demand from multiple end use industries and booming construction and chemical industries to drive India soda ash market through 2025
According to a recently released TechSci Research report, "India Soda Ash Market Study, 2011 - 2025", the market of soda ash in India is anticipated to cross $2.8 billion by the end of 2025. Growing demand for soda ash from numerous industries such as glass, soap & detergents, pulp & paper, etc., is expected to drive the India soda ash market during 2016 - 2025. Moreover, growing applications in construction and chemical industries is further anticipated to positively influence the India soda ash market during forecast period.
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India's glass industry stood at USD3.9 billion in 2015, and the industry is forecast to grow at a CAGR of 13% during 2016-2025. Increasing rate of modernization and improving living standards of consumers are positively influencing the demand for soda ash from the country's glass industry. Moreover, electronic goods like smartphones, LCDs, laptops, are also being manufactured at a rapid pace in India, which, in turn, is aiding the country's glass industry, thereby driving the India soda ash market.
"West region dominated the India soda ash market during 2011-2025, and the same trend is expected to continue through 2025 due to presence of large number of glass manufacturers and detergent producers. However, the market of soda ash in the north region of the country is expected to register highest CAGR growth during 2016 - 2025." said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"India Soda Ash Market Study, 2011 - 2025" has evaluated the future growth potential of India soda ash market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India soda ash market.
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