Sodium Carbonate market Competitive Analysis, Upcoming Demand And Growth Forecast 2021 To 2028 | Solvay, J M Loveridge Plc., Tata Chemicals (Soda Ash) Partners,

Sodium carbonate, commonly known as soda ash or washing soda, is an inorganic compound with chemical formula (N2CO3). Sodium carbonate is a solid substance, which is odorless, white in color, amorphous, hygroscopic, and soluble in most solvents including water. It is alkaline in nature and forms a strong alkaline solution when dissolved in water. It is extracted from ashes of plants that are sodium-rich. It is also produced from sodium chloride and limestone with a process called as ‘Solvay Process’. Although sodium carbonate has low toxicity, prolonged exposure to eyes or skin could cause irritation. In fact, the ingestion of sodium carbonate could cause nausea, vomiting, diarrhea, and stomach ache.

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Market Taxonomy:

On basis of Product Type, the global sodium carbonate market is segmented into:
Natural
Synthetic

On basis of End-Use Industry, the global sodium carbonate market is segmented into:
Glass
Detergents
Water Treatment
Sodium Chemicals
Pulp & Paper
Carbonate Chemicals
Others

Asia Pacific region accounts for the largest market share in the global sodium carbonate market during the forecast period. Increasing demand for sodium carbonate from emerging economies such as India, Japan, China, South Korea, Taiwan, Indonesia, and Thailand is expected to boost the market growth in the near future. Moreover, India and China are the two of the most populated countries in the region and increasing disposable income and purchase power parity is expected to boost the demand for sodium carbonate and subsequently support the market growth. Furthermore, North America and Europe have a very low rate of growth, due to high labor and land cost, stringent regulations.

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In Sep 2019, Solvay said that it would increase its soda ash production capacity by 600 kilotonnes at its trona-based Green River site in Wyoming, the United States, to meet long-term global demand growth in various applications. In addition to this, Solvay would also expand its sodium bicarbonate capacity by 200 kilotonnes in its Devnya plant in Bulgaria, addressing worldwide demand growth for flue gas treatments which improve air quality.

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