Soda Ash Market will witness tremendous growth over the forecast timeframe

Based on the grade, the soda ash market size is segmented into light, medium and dense grade. Light grade is usually used in manufacturing a wide-range of detergents and cleaning agents, whereas dense soda ash finds application in glass manufacturing. These product properties possess same chemical properties and only differ in their physical properties such as particle size, shape and bulk density which affects flow characteristics and angle of response.

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Based on the application, the soda ash market size can be segmented into glass, chemical, soaps & detergents, metallurgy, water treatment and others. In the chemical industry, product is broadly used in the production of sodium silicates, sodium bicarbonates, sodium phosphates, etc. which are an essential component for manufacturing coatings, food preservatives, fizzy drinks and personal care products. Furthermore, product is extensively used in manufacturing glass as it helps in regulating the temperature at the furnace to attain stability while producing glass, which will positively influence soda ash market size over the forecast timespan.

Global Soda Ash Market size is likely to grow at a healthy CAGR over the projected timeframe. This is mainly attributed to its wide-ranging applications across soaps & detergent, chemical, water treatment and various other end-user industries. Soda ash is an anhydrous white powdered form which is hygroscopic in nature. It possesses alkaline taste and forms a basic solution in water. Product is majorly used in the glass manufacturing process, as it imparts chemical stability to the process by reducing the furnace temperature to melt silica. Thus, the product helps in reducing the energy consumption in glass production.

Rising product use across soaps & detergent industry mainly in China and India is attributed to consistently improving health & hygiene standards, which will make distinguished influence on the overall soda ash market size during the forecast timespan. For instance, per capita consumption of soap in India was recorded to be 460 grams per annum, which is projected to rise with improving health & hygiene standards in the region. The above-mentioned trends are probable to make notable contribution to soda ash market size over the forecast timeframe. Furthermore, soda ash is widely applicable in the various chemical manufacturing processes, owing to its highly soluble nature. For instance, it is widely used as an ingredient in manufacturing variety of dyes & colouring agents, synthetic detergents & fertilizers, which will help attain considerable gains in the forecast spell.

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Asia Pacific attained a major chunk of the overall soda ash market size in 2016. This is mainly due to wide-ranging product application across chemical, glass, soaps & detergent, metallurgy, water treatment and other end-user industries. Positive growth indicators in water treatment industry mainly in China and India is due to rapidly improving environmental regulations, which will make notable influence on the soda ash market size during the forecast timespan.

The major soda ash market share contributors are Solvay Chemicals, Tata Chemicals Limited, FMC Corporation, Nirma Limited, General Chemical Industrial Products, DCW Limited, Oriental Chemical Industries and Ciech SA.

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