Posted on 31 Jan 2019
According to a new report by EMR titled, ‘Global Soda Ash Market Report and Forecast 2019-2024’, the global soda ash market reached a volume of almost 61 million metric tons in 2018, and is further expected to grow at a CAGR of 2.1% in the forecast period of 2019-2024.
Soda ash is derived from ‘trona’ and other sodium carbonate rich brines. It gets its name due to being derived from the ashes of sodium-rich plants in the past. It is now usually manufactured using the Solvay process. The rapidly expanding glass industry is where soda ash is most commonly used, accounting for almost half of the soda ash application globally. The flat glass industry leads in its consumption of soda ash followed by container glass. The demand for soda ash in the flat glass industry is especially driven by the growing construction activity in the emerging economies. The construction activities for commercial and domestic buildings, particularly in the Asia-Pacific region, is a major driving factor in the growth of the global soda ash market.
Soda ash has also been finding increasing usage in the air purifying and water softening sectors due to rising environmental concerns because of growing pollution. It is used in the removal of sulphur dioxide and hydrochloric acid from stack gases. It is also used to soften water due to its ability to control the pH value of water. Thus, soda ash finds extensive use in the water treatment industry.
Asia Pacific is the leading market for soda ash because of the rising demand in the construction sector and fast-growing industrialisation. China and India are the major consumers of soda ash with growing demand in sectors like construction, glass, paper textiles and cleaning chemicals. North America is also a leading soda ash market, with almost 90% of the total production of soda ash occurring in the US, specifically Wyoming. This is because the Green River Basin in Wyoming has the world’s largest deposit of trona from which soda ash is derived.
Market Analysis by Types, Applications and Regions:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/soda-ash-market
Key Findings of the Report:
Key Offerings of the Report:
Solvay Chemicals Inc., Tata Chemicals Limited, Shandong Haihua Co. Ltd, Tronox Ltd and Nirma Ltd. are the major key players in the global soda ash market that have been analysed by EMR. The report by EMR gives an in-depth insight into the latest developments amongst these key players in the global soda ash market like their plant turnarounds, expansions in capacity, and mergers and acquisitions.
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