Press release
Soda Ash Market: Industry Analysis and Detailed Profiles of top Industry Players
The market for soda ashwas driven by various factors from different end-user industries. Huge demand from buildings & constructionindustry is driving the soda ash market in past few years. Soda ash is used in manufacturing of flat glass which is used in modern construction activities.Increasing demand from end-user industries such as automotive from emerging countries has been one of the major factors for the growth of flat glass, subsequently increasing demand for soda ash.Another, major factor driving the soda ash market is increasing demand for powder detergents from developing countries.Soda ash is also used in various applications such as metallurgy, personal care and water treatment among others.
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Rising demand for personal care and water treatment industry is expected to open new markets for the soda ash market during the forecast period. Increasing demand for soda ash from fiberglass and silicates is likely to provide major opportunities for soda ash market in next few years to come. However, stern regulations faced by soda ash industry are anticipated to hider the growth of the market in next few years.
In terms of demand, Asia Pacific was the leading region insoda ashmarket. Asia Pacific is anticipated to be one of the fastest growing markets for soda ash due to increasing demand for glass and detergents from emerging countries such as India, Indonesia and Korea among others. The demand for soda ash is huge especially from buildings & construction, automotive and personal care end-user industry. The market for soda ash in Asia Pacific was led by China. However, India is likely to provide better opportunity for soda ash market owing to increasing consumption from various end-user industries. Asia Pacific was followed by Europe. Increasing demand from modern construction activities has been driving the market for flat glass in Europe, thus driving the demand for soda ash in this region. Germany, the UK, France and Italy were the major consumers of soda ash in Europe.
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However, certain regulations related to soda ash industry is likely to stagnant the growth of the market in this region. North America had the third-largest demand for soda ash in 2012. Increasing demand from glass and detergent industry were driving the growth of the market in this region. The U.S. had the largest demand for soda ash owing to huge demand from end-user industries such as buildings & construction, personal care and automotive among others. Rest of the World market is anticipated to show potential growth for the soda ash market in near future.Latin America is anticipated to show fastest growth for the soda ash market in this region. The demand is huge owing to increasing applications in personal care and water treatment applications.
The market for soda ash is fragmented and however, various manufacturers have dominated in particular regions. Some of the key manufacturers in thesoda ashmarket areGujarat Heavy Chemicals Ltd., Solvay Chemicals Inc., OCI Chemicals Corporation and Tata Chemicals among others.
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