Transparency Market Research has released a new market report entitled “Soda Ash Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023” to their report store.
Albany, NY -- (SBWIRE) -- 11/23/2016 -- Scientifically known as sodium carbonate, soda ash is an alkali chemical whose employment is expected to rise over the coming years across various industries owing to its favorable properties, says Transparency Market Research (TMR) in a research report. The report is titled, "Soda Ash Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2023."
Soda ash is an important raw material employed in the manufacturing of industrial products such as detergents, chemicals, and glass. It is available in three forms – dense, light, and medium. Soda ash is produced synthetically from limestone and salt through the Solvay process. The report cites a finding of the U.S. Geological Survey, according to which, approximately 30% of the total soda ash in the U.S. is used in the production of glass. Likewise, the demand for soda ash is substantially high in the chemical industry. Soda ash is used to manufacture chemicals such as sodium bicarbonate, photographic chemicals, chrome chemicals, and sodium silicate.
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The study further states that as soda ash is employed as an organic builder in detergents and soaps, the rising demand in this industry is expected to bode well for the growth of the global soda ash market. One of the key applications of soda ash is water treatment, where it is used as a water softener by controlling the pH levels. It is also significantly used for making paper. However, glass is anticipated to lead in terms of application with flat glass being the dominating sub-segment.
According to the report, in the near future, the robust growth of the Europe house detergents market is likely to drive the mass adoption of soda ash in the region. The mounting demand for soda ash in the industry of construction and building materials along with the growing number of water treatment projects are factors that are expected to spike the sales of soda ash during the forecast period.
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The global market for soda ash is expected to face sturdy competition from substitutes such as sodium silicate and caustic soda. Nevertheless, manufacturers can expect to gain from the opportunities arising from the rising requirement of enhanced oil recovery in Europe owing to factors such as technological developments, mounting fuel prices, and energy conservation policies.
Geographically, the global soda ash market is classified into Latin America, the Middle East and Africa, Europe, Asia Pacific, and North America. Amidst these, Asia Pacific took a significant lead in 2014 due to the presence of numerous manufacturers in the region, especially in China, and the mass use of soda ash in paper and pulp industries.
China is expected to be closely trailed by the U.S. Some of the leading companies in the market are Oriental Chemical Industries, DCW Limited, Ciech SA, FMC Corporation, GHCL Limited, Nirma Limited, Tata Chemicals, and Solvay Chemicals.
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