Global Soda Ash Market is expected to exhibit a strong 4.9% CAGR over the forecast period between 2016 and 2022, according to the latest research report from Market Research Future (MRFR). The Global Soda Ash Market is mainly driven by the growing demand for Soda Ash from glassmaking and soap and detergent applications, which have taken up a considerable share in the global consumption of Soda Ash. The report profiles the Global Soda Ash Market with a view to projecting the market’s growth trajectory over the forecast period from 2016 to 2022. Detailed historical information about the Soda Ash Market is used in the report to find out the present condition of the market and to determine how the market is likely to progress over the forecast period. Major economic factors acting on the Soda Ash Market are profiled in the report to provide an overview of how they affect the Soda Ash Market.
The growing demand for glass in construction applications is likely to be a major driver for the Soda Ash Market over the forecast period. Glass is used in various construction applications, including windows and structural glass. The growing demand for structural glass due to changing aesthetic inclinations is likely to be a major driver for the Soda Ash Market. The increasing demand for glass construction in commercial complexes is likely to drive the Soda Ash Market over the coming years. Glass construction provides added visibility in commercial complexes, where consumers are expected to feel at home. Glass construction aids the visibility of brands in shopping complexes as well as making the construction more aesthetically pleasing. Growing development of stronger, more suitable grades of glass for construction is likely to be a major driver for the Soda Ash Market over the forecast period. The glassmaking industry is likely to remain a key contributor to the Soda Ash Market over the forecast period.
The growing demand for Soda Ash in water treatment applications is also likely to be a key driver for the Global Soda Ash Market over the forecast period due to the growing demand for water treatment chemicals in growing urban centers around the world.
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Competitive Analysis:
Major Players in the Global Soda Ash Market include Soda Sanayii, Oriental Chemical Industries, Ciech SA, FMC Corporation, GHCL Limited, Searles Valley Minerals, Nirma Limited, OCI Wyoming LLC, Solvay S.A., and Tata Chemicals. Major Players in the Global Soda Ash Market are likely to focus on expanding natural soda ash production in the coming years, as well as making sure synthetic soda ash production remains on track. Fluctuating crude oil prices could emerge as a significant factor in how Soda Ash Market dynamics play out in the coming years. Rising energy prices could result in a price hike in the Soda Ash Market, apart from fluctuations due to changes in the price of crude oil.
Ciech plans to hibernate its Soda Ash production plant in Govora, Romania in September 2019, following the termination of a deal with one of its suppliers. This could become a key factor for the European Soda Ash Market in the coming years.
Segmentation:
By Application, Global Soda Ash Market is segmented into glass, soap and detergents, water treatment, chemicals, pulp and paper, and metallurgy. The soap and detergents segment is likely to remain prominent in the Global Soda Ash Market over the forecast period due to the growing demand for cleaning chemicals in urban centers around the world. The growing demand for glass in the construction industry is also likely to feature prominently as a main driver for the Soda Ash Market in the coming years. Water treatment could also emerge as a major segment for the Soda Ash Market in the coming years due to the growing demand in urban centers.
Regional Analysis:
Asia Pacific dominates the Global Soda Ash Market, with China holding the largest share in the market. North America is the second largest regional market in the Global Soda Ash Market, with Wyoming accounting for up to 90% of the overall production of Soda Ash in North America.
Browse Key Industry Insights spread across 135 pages with 35 market data tables & 12 figures & charts from the report, “Soda Ash Market Information: By Type (Natural and Synthetic), Application (Glass, Soap & Detergents, Chemicals, Pulp & Paper, Metal Processing, Water Treatment), and Region (Asia-Pacific, North America, Europe, Latin America) – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/soda-ash-market-2339
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