Global Soda Ash Market Is Estimated To Witness High Growth Owing To Growing Demand For Glass Manufacturing And Rising Use In Metallurgy

 

Soda Ash Market

Overview:

Sodium carbonate has been used for over 5,000 years. The ancient Egyptians extracted it from the ashes of various plants to make glass ornaments and vessels. It was also used in the Middle Ages to make bread and other foods. Soda Ash is produced from either natural or synthetic sources. The natural source is the mineral trona, which can be mined or recovered from lake brines. Trona deposits are found in a limited number of locations worldwide. Sodium carbonate can be produced from trona using one of four processes – the Leblanc process, the Dual-process, the Solvay process or the electrolytic process. This product is the preferred neutralizing agent for coal mining and it is also effective in treating acid mine drainage flows. It has a higher reactivity than limestone, which makes it more effective at neutralizing corrosive solutions.

The Global Soda Ash Market Size Is Estimated To Be Valued At US$ 11000.00 Million In 2021 And Is Expected To Exhibit A CAGR Of 6.2% Between 2022 And 2030.

Market Dynamics:

Rising product launches are estimated to augment growth of the Global Soda Ash Market during the forecast period. For instance, a new line of soda ash products were launched by Solvay SA in 2020. These products were used in the production of chemicals, glass, and detergents. This line of products are known “Solvay Sodium Carbonate Technical Grade”. Moreover, rising concerns regarding the environmental and growing energy-intensive operations are anticipated to restrain growth of the global soda ash market during the forecast period.

Impact of COVID-19:

The pandemic was transmitted from China in 2019 to other nations across the globe. The pandemic also hampered the growth of many other sectors. Countries like India, the US, China, Australia, the UK, UAE, and many more imposed strict restrictions for preventing further spread of the virus. These restrictions hampered several businesses across the world. All m manufacturing activities were halted by many governments. There was a decrease in demand and production of various items. The pandemic also caused a shortage of raw material and disruptions in supply chains in many sectors. This hampered the growth of the global Soda Ash Market. However, the market is estimated to witness growth now as all restrictions have been eased.

Key Takeaways:

The global soda ash market is expected to witness high growth, exhibiting CAGR of 6.2 % over the forecast period, due to increasing expansion by key players. For instance, Tata Chemicals Ltd., expanded their production capacity of soda ash in 2020, at their facility in Kenya. This expansion will help in meeting the growing demand in the Middle East and Africa.

North America is anticipated to witness significant growth in the global Soda Ash Market during the forecast period, due to growing deposits of trona and low cost of natural products.

Key players operating in the global soda ash market are ANDRITZ, Solvay, SHANDONG OCEAN CHEMICAL CO., LTD, Tata Chemicals Ltd, Merck KGaA, Searles Valley Minerals Inc., Ciner Resources Corporation, Tronox Holdings plc, ANSAC, FMC Corporation, DCW Ltd, Eti Soda Elektrik, and General Chemical Corp.