Global Soda Ash Market Report and Forecast 2024-2032

Global Soda Ash Market Outlook

The global soda ash market attained a total volume of nearly 66.86 million tons in 2023. Since 2010 global demand has grown by 3.5% per year vs trade growth of 4.3% per year. Rising population and use of detergent and container glass in emerging economies would drive the soda ash market during the forecast period of 2024-2032 at a CAGR of 2% to reach a volume of 79.90 million tons.

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A major driver of the industry is the expanding application of the product in the glass sector where flat glass contributes to over one-third of the global demand followed by container glass. In emerging economies, the flat glass industry is essentially associated with consumption by the construction sector while other types of glass are connected with the automotive industry.  Other significant end use sectors include detergents, chemicals and metallurgy.

Market Segmentation

Soda ash is an odourless, white crystalline solid belonging to the chlor-alkali family and sourced from trona and sodium carbonate-rich brines. The Green River Basin of Wyoming has the world’s largest trona deposit.

Amidst growing environmental concerns, demand for the product has increased for use in sulphur dioxide and hydrochloric acid removal from stack gases. Soda ash usage extends to air cleaning and water softening.

Producers of chemicals employ soda ash as an intermediate to produce soft drink sweeteners and to enhance foods and toiletries (phosphates). Other everyday products that use the product include common detergents and paper products.

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The soda ash market is bifurcated on the basis of type into:

• Natural 
• Synthetic

Several applications of soda ash include:

• Glass
• Chemicals
• Soaps and Detergents
• Metallurgy
• Pulp and Paper
• Others

Market Analysis 

Natural soda ash producers enjoy some advantages over synthetic producers in terms of lesser cost of production and smaller ecological impact. Synthetic soda ash generally uses greater quantities of energy and emits more carbon dioxide than the natural kind during manufacture. The natural manufacturing process contributes only a small portion in Asia. GDP growth rates generally dictate the branched-out soda ash industries on the demand side.

Asia’s soda ash market stood at a volume of nearly 22 million MT in 2017. China and India are likely to be the largest consumers over the coming years, with construction, glass products, paper, textiles and cleaning chemicals driving the soda ash market.

Presence of alternatives like sodium silicate and caustic soda and environmental policies with respect to manufacturing may be limiting factors for the soda ash market.

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Price Trends

In Southeast Asia, increased demand from glass manufacturers and greater construction activity helped export prices recover in the second half of 2016 after a nine-month low. By Q1 2017, price corrections took place as elevated operating rates translated into higher levels of inventory while demand weakened. A detailed market analysis including the price movement and regional market scenario of the global soda ash market is offered in this report.

Competitive Landscape

In 2018, Solvay signed an agreement with Safran to supply advanced structural composites for the LEAP engine, which is manufactured by CFM International and used on Airbus, Boeing and Comac single-aisle programs.

The report presents a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global caustic soda market:

• Ciner 
• Sisecam Group
• Solvay 
• Shandong Haihua Group
• Tata Chemicals Ltd.
• Others

Further, the report sheds light on the macro and micro aspects of industry performance, recent trends, major challenges and key drivers. SWOT analysis, value chain analysis and Porter’s five forces analysis of global soda ash market have been carried out. Manufacturing and processing requirements, cost of the project, project funding, returns on investment and expected profit margins have also been estimated.

Key Highlights of the Report