Home Press Releases Soda Ash Market Size Worth $33.10 Billion by 2030 | CAGR: 6.2%

Soda Ash Market Size Worth $33.10 Billion by 2030 | CAGR: 6.2%

The global soda ash market size is expected to reach USD 33.10 billion by 2030 according to a new study by Polaris Market Research. The report “Soda Ash Market Share, Size, Trends, Industry Analysis Report, By Density (Light, Dense); By End-Use (Glass & Ceramics, Soaps & Detergents, Paper & Pulp, Metallurgy, Chemicals, Water Treatment, Others); By Type; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The prominent factors favoring the industry growth include the use of ash as an essential material in glass production, the demand for the powder in the manufacturing of soaps, detergents, and shampoos, and the demand for flat glass for the housing, automotive, and commercial building industries and container glass for consumer products. Moreover, in rechargeable batteries, it is used for the extraction and smelting of various metals.

 

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The glass & ceramics segment dominated the global market, as the product is the most important component in glass manufacturing. More than 50% of the soda ash produced globally is utilized by the glass industry across the applications such as flat glass, continuous filament glass, container glass, domestic glass, and special glass.  Hence, demand glass in applications such as packaging, automotive, and building fuels the growth of this segment.

 

However, water treatment is expected to observe a considerable growth rate during the forecast period due to the rapid growth in demand for the industry in water treatment to increase the pH of acidic water. It is sensitive to temperature and works best at ambient temperatures; hence, it is actively being preferred in the water treatment industry. On the other hand, Asia Pacific is expected to witness the highest growth rate during the forecast period. Thriving chemicals, construction, soaps & detergents industries in this region have primarily driven the growth of the industry.

 

Market participants such as Ciech SA, Oriental Chemical, DCW Limited, GHCL Limited, Nirma Limited, FMC Corporation, OCI Chemical, Soda Sanayii, Solvay SA, and Tata Chemicals are some of the key players operating in the market. Players in the market are adopting various strategies to develop new products, expand their geographical presence, and generate new revenue streams.

 

For instance, in May 2022, Solvay, a Belgian multinational chemical company has become the single owner of its Wyoming soda ash plant after buying a 20% stake from AGC, the Japanese glass producer. Through this acquisition, Solvay aimed at increasing the supply of trona-based soda ash as it complements the company’s sustainability ambitions and is less carbon-intensive.

 

Polaris Market Research has segmented the soda ash market report on the basis of density, type, end-use, and region:

 

Soda Ash, Density Outlook (Revenue – USD Billion, 2018 – 2030)

  • Light
  • Dense

Soda Ash, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Synthetic
  • Natural

Soda Ash, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Glass & Ceramics
  • Soaps & Detergents
  • Paper & Pulp
  • Metallurgy
  • Chemicals
  • Water Treatment
  • Others

Soda Ash, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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