Global Soda Ash Market - Industry Dynamics, Market Size, and Opportunity Forecast to 2025

Global Soda Ash market was valued at approximately US$ 13.9 Billion in 2020 and is expected to exceed US$ 26.6 Billion by 2025, expanding at a CAGR of 13.9% in terms of revenue; the market volume was around 58.4 Million tons which is anticipated to cross 82.6 million tons from 2020 to 2025. The outbreak of pandemic due to spread of COVID-19 virus has resulted in reduced sales of soda ash owing to the disrupted supply chain. Although the market is witnessing a surge in demand for the product but facing a lack of sufficient due to bulk procurement by the customers.

Soda ash is used as a key ingredient in the form of raw material in various industries worldwide with wide range of applications including glass manufacturing, dry powder detergents, pulp and paper and others. Soda ash in one of the major raw material used in manufacturing of glass and holds ~ 50% of the share in global consumption of soda ash. Hence, growth in demand of glass by numerous end-user industries boost the demand of soda ash at exponential rate. Moreover, due to rising awareness related to personal hygiene, liquid soap also holds a considerable position in the global market. In the agricultural sector, soda ash is used as a natural fertilizer which provides nutrients to soil and improve the soil structure which improves its ability to hold water and nutrients in a better way. Thus, increasing adoption owing to wide areas of application is estimated to have a positive impact on the market

Soda ash manufacturing uses Solvay Process as an ecologization method—formerly the manufacturing process uses Leblanc method. According to various studies conducted on and vicinity of soda ash heaps to check soil environment shows that long-time production of soda ash has an insignificant impact on the local soils due to strong alkalinity of the waste. Soda ash manufacturing account for one of the key CO2 emitter industrial product along with alumina, plate glass, calcium carbine and ammonia in the world. Hence, negative environment impact due to soda ash manufacturing will negatively influence the overall market growth over the forecast period. 

Pricing Details:

Fluctuations in the pricing of soda ash has been observed in the last few years due to new market entrants with advanced manufacturing technologies; existing players are striving to increase their production capacities to sustain the growing competition. For instance, Turkey built a new Trona based soda ash plant in Kazan with annual production of 2.5 million tons. Later the same plant increased its production capacity to full by 2018. Additionally, existing plant in Beypazari further expanded annual capacity by 0.5 million tons. This added capacity from the new and existing plants are to double the amount of annual Turkish production to over 5 million tons by 2019. 

Segment Analysis:

Based on Type, the market is bifurcated into synthetic and natural type. The process of production is indicated by the type of segment. The production volume of the natural type is lesser as compared to synthetic due to limited availability of reserves that helps in production of the soda ash. Additionally, manufacturing of natural soda ash is way cheaper than the synthetic soda due to usage of lesser raw material. Based on grade, the market is categorized into light, dense and washing soda. Revenue generated from dense soda is more as compared to light soda as the Dense soda ash is a premium quality product that combines a consistently high sodium carbonate content with extremely low impurity levels of chlorides and iron. Dense soda ash is guaranteed to be 99.2% pure, but has a typical purity level of 99.8%, resulting in more products when compared to a lower assay soda ash. Moreover, adoption of soda ash is projected to be highest in the automotive sector owing to applications of soda ash in glass production.

Regional Analysis

Geographically, Soda ash market has scattered demand and supply rations, largely due to availability of natural limestone reserves. As a result, there is sharp difference in capacity utilization. Current global average capacity utilization is estimated at 71% and is expected to resume to industry average of 81% (pre-covid level) by mid 2021.

Competitive Coverage: Company Profiles

The global Soda Ash market is observed to have an oligopoly nature and is projected to shift towards monopolistic nature due to dominance of selected players owing to high demand of soda ash in the market. Following is the list of manufacturers profiled in the report which are operating across the world:

• Solvay
• Ciner Group
• Tata Chemicals
• Genesis Alkali
• Tangshan Sanyou Group
• Shandong Haihua
• Nirma Group
• CIECH Group
• Bashkhim Group

Market Definition

Soda ash, sodium carbonate is an inorganic compound with the chemical formula Na₂CO₃. It is also widely known as washing soda or crystal soda. Traditionally, it was obtained from the ashes of the plants growing in sodium rich soil and now it is produced by the Solvay process with sodium chloride and limestone. Sodium carbonate/ Soda Ash finds use across applications such as glass manufacturing, water softening, food additives, cooking, detergent manufacturing, among others. Production processes involved for sodium carbonate include mining, barilla & kelp, Leblanc, Solvay and Hou’s process. 

To understand how our report can bring difference to your business strategy, Ask for a sample.

Market Taxonomy

The market is segmented based on type, grade, end-use and geography.

By Type

• Synthetic
• Natural
• By Grade
  • Light
  • Dense
  • Washing Soda

By End-use

• Industrial
  • Dyes and Coloring Agents
  • Water & Wastewater
  • Glass
    • Flat
    • Container
    • Other
  • Fertilizers
  • Enameling
  • Energy & Mining
  • Glue 
  • Paper & Pulp
  • Soaps & Detergents
  • Food & Beverages
  • Others
• Automotive
• Electronics
• Power Generation
• Distributors
• Environmental

** Request sample for detailed list of segments covered

Scope of the Report

Astute Analytica’s recent publication on the Soda Ash market provide audiences with an overall market outlook, with the help of comprehensive assessment of the global market scenario. Astute Analytica’s study on the Soda Ash Industry analyzes the market with respect to the historical and current scenario, which offers forecast for the period 2020–2025.

Report readers can make important decisions pertaining to their business with a wealth of information and exclusive industry insights enclosed in the study. The market report also provides an in-depth understanding of the key industry trends and developments undertaken by players in the market. This Astute Analytica research is divided into different sections that allows readers to gain an individual understanding of the Soda Ash market.

Key Queries Addressed in the Report

The report provides detailed information about the market based on comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the industry, so as to help them make successful strategies and take target-driven decisions.