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Global Soda Ash Market was valued at approximately US$ 13.9 Billion in 2020 and is expected to grow to more than US$ 26 Billion by 2025, expanding at a CAGR of 13.9% in terms of revenue. In terms of volume, the market was valued at around 58.4 million tons in 2020, which is anticipated to cross 82.6 million tons by the end of 2025. The outbreak of pandemic due to the spread of the COVID-19 virus has resulted in reduced sales of soda ash owing to disruption in the supply chain.
Soda ash is used as a key ingredient in the form of raw material across various industry sectors such as glass manufacturing, detergent, and soap manufacturing, pulp and paper, and agriculture. Some key applications are:
Soda ash manufacturing uses Solvay Process as an ecologization method—formerly the manufacturing process used the Leblanc method. According to various studies conducted on soda ash heaps to check soil, the environment shows that long-time production of soda ash has an insignificant impact on the local soils due to the strong alkalinity of the waste. Soda ash manufacturing account as a key CO2 emitter among other industrial product such as alumina, plate glass, calcium carbide, and ammonia. Hence, harmful environmental impact due to soda ash manufacturing will negatively influence the overall market growth over the forecast period.
Fluctuations in the pricing of soda ash have been observed in the last few years due to new market entrants with advanced manufacturing technologies; while existing players are striving to increase their production capacities to sustain in the growing competition. For instance, Turkey built a new Trona-based soda ash plant in Kazan with an annual production of 2.5 million tons. Later the same plant increased its production capacity to full by 2018. Additionally, the existing plant in Beypazari expanded its annual capacity by 0.5 million tons. This added capacity from the new and existing plants doubled the amount of annual Turkish production to over 5 million tons in 2019.
Based on the type category, the market for soda ash is segmented into synthetic and natural types. Type category illustrates the process of production adopted to produce soda ash. The production volume of natural soda ash is lesser as compared to synthetic due to the limited availability of reserves. Additionally, the processing of natural soda ash is way cheaper than synthetic soda due to the usage of lesser raw material as compared to synthetic soda ash production.
Based on soda ash grade, the market is categorized into light, dense, and washing soda. Revenue generated from dense soda ash is more as compared to light soda ash, as it 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.
Geographically, the market for soda ash has scattered demand and supply distribution, primarily due to the high availability of natural limestone reserves in select countries. As a result, there is a sharp difference in capacity utilization and subsequently the prices, due to over-under production. Current global capacity utilization is averaged at 71% and is expected to rise back to the pre-covid industry average of 81% by mid, 2021.
The global soda ash market is observed to have an oligopoly nature and is projected to shift towards monopolistic nature due to the dominance of selected players owing to the high demand for soda ash in the market. Following is the list of manufacturers and few suppliers profiled in the report which are operating in the market across the world:
Soda ash or sodium carbonate is an inorganic compound with the chemical formula Na₂CO₃. It is also 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, and others. Production processes involved for sodium carbonate are mining, barilla & kelp, Leblanc, Solvay, and Hou’s process.
The scope takes into consideration the volume of soda ash consumed by end-use industries while analyzing global production installed capacity and actual production.
The market is segmented based on type, grade, end-use, and geography.
Astute Analytica’s recent publication on the Soda Ash market provides audiences with a comprehensive and exhaustive market outlook, with the help of an in-depth assessment of the global market scenario. The study analyzes the industry growth trend for the historic and outlook, an understanding shift in growth lines due to impact of Coivd-19 pandemic.
Report readers can benefit by making informed decisions pertaining to their business with a wealth of information and exclusive insights included in the study. The 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, based on region, product type, and other relevant parameters. This allows readers to gain access to individual sections of reports per se their interest in the soda ash market.
The report provides detailed information about the Soda Ash market based on comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The 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 soda ash market to help them make successful strategies and take target-driven decisions.
The report provides market size estimates in US$ Million and Metric Tons for term 2016 – 2025, wherein 2016 – 2018 is historic data, 2019 is the base year, 2020 – 2025 is the forecast period. The market is estimated to record growth of close to US$ 13 Bn, equating to approximately 25 MT over the forecast period.
The market is projected to grow at CAGR of ~7% for volume demand during the forecast period with corresponding volume CAGR estimated at ~14%.
Globally industry has average capacity utilization raging between 62% - 87%.
The report provides details about top players and their production sites, installed capacity, and actual production as part of market share analysis.
We have included price trend for 5 geographic regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America, including India. On average, price rise is expected over the forecast period, with regional price difference margin of approx. 70%.
Report includes information about Import and export destinations for top 5 importers and exporters of n Soda ash.
The report includes analysis of following industries – Industrial, Automotive, Electronics, Power Generation, Environmental, and Distributors. Of these, Automotive alone held more than 30% share in 2020.
India market for Soda ash was valued at more than US$ 850 Million in 2020.
The report includes analysis of following industries - Dyes and Coloring Agents, Water & Wastewater, Glass, Fertilizers, Enameling, Energy & Mining, Glue, Paper & Pulp, Soaps & Detergents, Food & Beverages, and Others. Of which, Glass alone accounts for more than 45% of Industrial share.
Report includes profiles of 13 manufacturers and few suppliers. It also lists down other prominent players which are not extensively profiled. Prominent manufacturers, profiled in report include – Solvay, Tata Chemicals, Ciner Group, Genesis Alkali, Nirma, and CIECH.
Market dynamics section in report highlights factors affecting the growth positively or negatively, along with study of opportunities. In the report, 4 drivers and 2 restraints are extensively analyzed, and their impact is also analyzed. Consumption by Glass industry has been analyzed as strongest factor having high impact throughout the forecast period.
The report analyzed a V shape recovery curve, which can be considered as W recovery trend if analyzed for 3 years gap.
The report analyzes grades as Synthetic and Natural, of which synthetic has higher share due to high price. Likewise, of Light, Dense, and washing soda grades, dense has highest consumption.
Of the 3 glass types – Flat, container, other glass, container has highest share.
West India holds highest demand share, with Gujarat leading the category.