Global Soda Ash Market: Trends Analysis & Forecasts to 2022

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• Publié par: maheshmali
• Publié le: 09 mars 2017
• Nombre de lectures: 1
• Langue: English

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GLOBAL SODA ASH MARKET :TRENDS ANALYSIS AND FORECASTS UP TO 2022

Theglobal soda ash marketvalued over USD was 16.0 billion in 2014. In terms of volume, the size of global soda ash market was more than 55.5 million tons in 2015. The soda ash market is projected to reach USD X.xx billion by 2022, growing with a CAGR of 6% to 6.5 % from 2016 to 2022. 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 Solvay process with limestone and salt as rawmaterials. 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 same chemical properties, they are differ from each other in terms of bulk density, particle size as well as shape.Soda ash find its major applica- tion in 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 calcium, phosphorous and sulphur from certain ferrous as well as nonferrous ores.

The demand for glass in the construction sector in Asia-Pacific is expected to fuel the growth global so- da ash market during the forecast period. Fluctuation in energy prices is one the of key restraining factors which is likely to adversely impact the growth of the soda ash manufacturing industry, as it consumes 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 alterna- tives such as caustic soda, sodium silicate and some others are expected to pose serious threat to soda ash, during the forecast period.

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.

The report provides regional analysis covering geog- raphies such as North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific region is the larg- est soda ash market in the world. China accounts for major market share of soda ash production in Asia- Pacific due to the presence of large number of manu- facturers and most of them have adopted Solvay pro- cess for producing soda ash.China is the leading syn- thetic soda ash manufacturing country in the world. The natural soda ash reserves found in Turkey gives them the potential to become a major soda ash pro- ducing nation in the region.Europe is the second larg- est soda ash market in the world. The use of soda ash in water treatment as well as desulfurication of flue gas drives theEuropean market. The increase in demand for household detergents is expected to drive the European market during the forecast period. North American region has second largest production capacity in the world, as USA has the largest natural soda ash resources in the world. American Soda ash is mainly manufactured by natural process and it has the potential to be competitive to synthetic soda ash due to its lesser price. The major players in the global soda ash market are opting expansion of the manu- facturing facilities and mergers and acquisitions in new markets for growth. Using cost effective energy sources and adopting environmental friendly technol- ogies for existing facilities are expected to be the ma- jor challenges for the major players in the market. The increasing requirement of enhanced oil recovery, owing to the governments’ energy policies that man- date conservation, advancement in technologies and varying fuel prices globally are expected to provide opportunities for major players in the soda ash mar- ket during the forecast period.

The companies covered in the report include: CIECH SA, General Chemical Industrial Products Inc,GHCL Limited, FMC Corporation,Nirma limited, Lianyun- gang Soda Ash, Oriental Chemical Industries, Soda- Sanayii AS,Tronox,and Tata Chemicals.

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