Global Soda Ash Market Report: 2019 Worldwide Opportunities, Market Share, Key Players and Competitive Landscape Prediction To 2024

According to the latest report by IMARC Group titled, “Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global soda ash market reached a volume of 56.5 Million Tons in 2018. Looking forward, the market is further projected to reach a volume of 67.4 Million Tons by 2024, expanding at a CAGR of 3% during 2019-2024.

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Soda ash is an organic compound with a chemical formula Na2CO3. Also known as sodium carbonate in the chemical industry, it is used as a fluxing agent to decrease the melting point of the furnace, which is required to melt silica. Soda ash is synthetically produced from salt and limestone through the Solvay process.

Soda ash is an essential raw material used in the manufacturing of glass, chemicals, soaps and detergents; metallurgy; water treatment; pulp and paper; and various other industrial products. It is also used for the manufacturing of dyes, coloring agents, adhesives and sealants and several chemicals such as sodium silicate, sodium bicarbonate and percarbonate. Along with these applications, the increasing demand for building and construction activities is also likely to drive the growth of soda ash market globally. Moreover, manufacturers have entered into mergers and acquisitions to sustain the intense competition and expand their global footprints.

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Key Market Segmentation:

Breakup by Application:

Glass
Soaps and Detergents
Chemicals
Metallurgy
Pulp and paper
Others

Performance by Key Regions:

China
Asia Pacific (Excluding China)
Europe
North America
Latin America
Middle East and Africa

Competitive Landscape

The report has also examined the competitive landscape of global soda ash market. Some of the major players in the market are Solvay, Tata Chemicals, Shandong Haihua Co. Ltd. and Tronox.

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players

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