Soda ash is an essential material used in the manufacturing of glass, detergents, chemicals and various industrial products. Increasing use of substitutes such as caustic soda, sodium silicate, etc., is expected to hamper the growth of the soda ash market over the forecast period. Increasing prices of trona due to limited availability except North America is expected to impact the growth of the market. Stringent government regulations for the manufacture of soda ash and environmental regulations related to synthetic soda for production is expected to affect the manufacturers which in turn is estimated to restrain the market growth.
Application segment chemicals, glass, soap & detergent, water treatment, metallurgy, pulp & paper, and others. Soap & detergent is expected to be the fastest growing application segment in the global soda ash market. Increasing demand for soda ash in the production of various cleaning agents is expected to drive the market growth.
Based on the region the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be fastest growing region. Increasing demand for end-user industries namely automobile and building & construction in US and Canada is expected to fuel the market growth in the region. North America is the largest manufacturer of soda ash owing to the availability of large deposits of trona in the region.
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Low price of soda ash is expected to drive the market growth over the forecast period in the region. Europe is expected to account the major share of the market revenue. Increasing demand for modern constructions in Germany, France, UK, and Italy is expected to driving factor for flat glass market which in turn is estimated to boost the demand for soda ash.
Key players operating in the global soda ash market include Tata Chemicals Ltd., Searles Valley Minerals, Gujarat Heavy Chemicals Ltd., Solvay Chemicals Inc., Soda Sanayii A.S, FMC Corporation, Oriental Chemical Industries, CIECH Soda Romania, Nirma Limited, and DCW Limited.