Soda Ash Market to Reach USD 37.51 Billion by 2027 | Solvay SA, Tata Chemicals Limited, Nirma Limited, etc.

The global soda ash market is forecast to reach USD 37.51 Billion by 2027, according to a new report by Reports and Data. Soda ash can be defined as an inorganic compound, which is an odorless, not toxic, stable, flammable white powder. The inorganic compound can also be considered as a water soluble salt. Previously, it was extracted from the ashes of plants that grow in sodium-rich soils. As the ashes of these sodium-rich plants were different from ashes of wood, sodium carbonate was termed as soda ash.

Key participants include Solvay SA, Tata Chemicals Limited, Nirma Limited, FMC Corporation, Ciech SA, OCI Chemical Corporation, GHCL Limited, Soda Sanayii as, Oriental Chemical Industries and DCW Limited.

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The inorganic compound is usually available in two types based on the density, i.e., light soda ash and dense soda ash. Sodium carbonate has diversified uses that touches the daily lives of individuals. One of the largest application of the inorganic compound is in glass manufacturing, wherein it is used in the production of fiberglass insulation, containers, or flat glass. The flat glass is used in commercial buildings, automotive industries, and housings. Thus the growth of these industries have a positive impact on the growth of the market. It also finds application in softening water and cleaning air. Sodium carbonate is used by chemical producers as an intermediate to manufacture products, which relieve physical discomfort, sweeten soft drinks, and enhanced food and toiletries. Few other common examples of easily identifiable products using sodium carbonate are household detergents and paper products.

Further key findings from the report suggest

o The Soda Ash market held a market share of USD 01 Billion in the year 2018 that is forecasted to grow at a rate of 5.9% during the forecast period.

o In context to Density, the Light Soda Ash segment is projected to witness a significant growth rate of 7.0% during the forecast period, which is expected to occupy 32.0% of the market by 2027. The rising demand for soaps & detergents in developing regions and applicability of the light soda ash in its manufacturing, wherein it is used in enhancing the cleansing properties along with regulating the pH balance, contributes to the growth rate witnessed by this segment.

o In context to the Production Process, the Solvay process segment generated the highest revenue of USD 12.99 Billion in 2018, with a growth rate of 6.0% during the forecast period. The revenue generated by the segment is attributed to the extensive application of this process in the production of soda ash, because of its advantages like it consumes only limestone and brine, having calcium chloride as the only waste product, the process is economical as compared to other processes, which results in increasing preference among the manufacturers.

o In context to End-use, the Glass and ceramics segment held the largest market share of 46.0% in 2018, with a CAGR of 6.0% during the forecast period. The extensive application of sodium carbonate in the manufacturing of glass that is one of its major applications, wherein it is used to minimize the melting point of silica, contributes to the market share occupied by this segment...Continued

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For the purpose of this report, Reports and Data have segmented the global Soda Ash market according to Density, Production Process, End-use, and Region:

Density Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Dense Soda Ash
o Light Soda Ash

Production Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Solvay process
o Mining
o Hou's process
o Barilla and kelp

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o Glass and ceramics
o Paper and pulp
o Soaps & Detergents
o Chemicals
o Metallurgy
o Water Treatment
o Food additive and cooking
o Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

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In conclusion, the Soda Ash Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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