Soda Ash Market 2017 : Global Industry Growth, Opportunities, Consumptions, Industry Analysis and Forecasts 2023
Soda Ash Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of soda ash market by application(chemicals, glass,detergents and soaps, metallurgy, petroleum, pulp and paper, water treatment), by region (NA, EU, APAC, ROW) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the soda ash market it includes the five years Industry analysis and the 6 years annual forecast from to 2026. Some of the prominent participants in the global soda ash market are CIECH SA, General Chemical Industrial Products Inc, GHCL Limited, FMC Corporation, Nirma limited, Lianyungang Soda Ash, Oriental Chemical Industries, SodaSanayii AS, Tronox, and Tata Chemicals. The market size in terms of volume is projected to expand at a CAGR of 3.1 % over the period of 2017 to 2023.
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Soda Ash Market: Drivers, Restrain and Opportunities
Soda ash or sodium bicarbonate is a stable, odorless, white powder. Soda ash is an alkali obtained by refining mineral trona, brines of sodium bicarbonate available naturally or nahcolite mineral. Synthetic soda ash is manufactured by the Solvay process with limestone and salt as raw materials. Dense soda ash, light soda ash, and washing soda are the three primary grades of soda ash available in the market. Although these grades possess the same chemical properties, they are differing from each other in terms of bulk density, particle size as well as shape. Soda ash finds its major application in the glass manufacturing industry for the production of glasses for automotive industries, commercial buildings, containers housing, and insulation. Soda ash has significance in metallurgical processes of removing the calcium, phosphorous and sulfur from certain ferrous as well as nonferrous ores.
Moreover, it is widely used in the recycling processes of aluminum and zinc. Due to its high solubility, it finds applications in various chemical industries for manufacturing products, such as coloring agents, dyes, fertilizers, synthetic detergents as raw material. In industries such as enameling and petroleum, soda ash has importance as a chemical agent. Soda ash has useful environmental applications such as improving the alkalinity of those lakes that are affected by acid rain and in reducing the acid present in the emissions from power plants.
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Asia-Pacific is Expected to Fuel the Growth Global Soda Ash Market
The demand for glass in the construction sector in Asia-Pacific is expected to fuel the growth global soda ash market during the forecast period. Fluctuation in energy prices is one the of key restraining factors that are likely to adversely impact the growth of the soda ash manufacturing industry, as it consumes a lot of energy. The change in the economic models in the soda ash production industry is expected to drive the market towards transformation. The soda ash alternatives such as caustic soda, sodium silicate, and some others are expected to pose a serious threat to soda ash, during the forecast period.
Soda Ash Market: Segmentation
The report segments the global soda ash market by application and region. On the basis of application, the market is segmented as chemicals, glass, detergents and soaps, metallurgy, petroleum, pulp and paper, water treatment and others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the soda ash.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.