Global Soda Ash Market by Application (Metallurgy, Pulp & Paper, Water Treatment, Glass, Soaps & Detergents, Chemicals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global soda ash market was valued at USD 15.94 billion. After experiencing negative year-on–year growth in the last few years, the global soda ash market is expected to see demand recover over the forecast period. The positive outlook for the market can be attributed largely to the high demand from the glass manufacturing sector, particularly from the container and flat glass sectors.

Due to the shift in trend in production economics, the market will undergo significant changes over the forecast period. The overall market is expected to grow due to the rising demand from end-use industries for both synthetic and natural products.

The soda ash market will see a greater use of naturally occurring raw materials, e.g. Because of their low cost benefits, trona is a popular choice. Natural soda ash demand has been fueled by stringent European and North American regulations that restrict the production of synthetic soda Ash. Over the forecast period, synthetic soda ash demand will be boosted by more flexible regulations in Asia Pacific and other parts of the globe.

The market is expected to grow further due to rising demand for soaps and detergents, particularly in emerging markets like China and India. Its ability to adjust the pH of water and make it soft has opened up new opportunities in water treatment.

Substitutes like sodium silicate, caustic soda and others will be increasing their competition for soda ash. Over the next eight year. This will likely limit market growth. The price of natural soda Ash is also affected by rising prices for trona, which is a result of its limited availability on markets outside of North America. The production of synthetic products is a very energy-intensive process. However, the rising energy costs have drastically affected product pricing.

Most market participants will be affected by environmental regulations relating to synthetic soda-ash production. The stringent legislation has led to the closure of most European synthetic soda ash plants in recent years. This trend is expected continue for the forecast period. This could lead to anti-dumping duties being imposed in emerging countries.

Application Insights

Glass industry emerged as the most important application segment in the forecast period. It is also expected that it will be the fastest-growing segment over eight years. Because soda ash can control the furnace temperature required to melt silica, it is an important component of the glass manufacturing process. This segment of the demand is estimated to produce just under half of all total glass production by 2024.

Due to rising soda ash demand in cleaning agents production, soaps and detergents will likely follow the glass market. India is the country with the highest soda ash demand, accounting for more than 35% of India's regional soap & detergent market. The second-largest revenue-generating sector for the ash soda market is expected to be chemical applications. This segment is projected to generate USD 1,705.74 millions in revenue by 2024, with a 5.0% annual growth rate over the forecast period.

Regional Insights

Due to its large deposits of trona, North America is the biggest producer of natural soda Ash. From 2016 to 2024, the North American market is expected grow at a CAGR of 2.8%. It will be influenced by the low cost of natural products.

Asia Pacific will be the largest and fastest-growing market. Market growth will be driven by China's increasing production capacity and the rapid growth of end-use industry in emerging countries like India, China, Taiwan, and others. Asia Pacific will represent more than 50% of the total market, while China accounts for 60%.

As many new plants were built by 2015, the Chinese market will likely be in excess of its soda ash production capacity. Due to the U.S. cost advantage, China will face stiff competition in its exports.

Soda Ash Market Share insights

Rising energy prices will pose challenges to key players on the market. To implement appropriate pricing policies, most manufacturers will need to monitor energy costs.

Natural soda ash's low price is likely to be a benefit for producers in Turkey, the U.S. and other countries. This could put pressure on the exports of synthetic soda ash, especially from China. Europe and other mature markets are likely to experience a decline in growth. This will mean that manufacturers in Europe will be more willing to invest in research and development to create new substitutes.

Solvay and Tata Chemicals are key market players in the global soda-ash market.

Up Market Research published a new report titled “Soda Ash Market research report which is segmented by Application (Metallurgy, Pulp & Paper, Water Treatment, Glass, Soaps & Detergents, Chemicals), By Players/Companies etc, CIECH SA, GHC Limited, Solvay, FMC Corporation, Tata Chemicals, Nirma Limited, Tronox, OCI Wyoming, Searles Valley Minerals, Soda Sanayii A?, DCW Limited”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Soda Ash Market Report Segments:

The market is segmented by Application (Metallurgy, Pulp & Paper, Water Treatment, Glass, Soaps & Detergents, Chemicals).

Soda Ash Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Soda Ash Market

Overview of the regional outlook of the Soda Ash Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Soda Ash Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Soda Ash Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Metallurgy

                2. Pulp & Paper

                3. Water Treatment

                4. Glass

                5. Soaps & Detergents

                6. Chemicals

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Soda Ash Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Soda Ash Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.