Soda Ash Market Analysis, Top Companies, New Technology, Demand and Opportunity 2022-2027
Soda Ash Market
Looking forward, IMARC Group expects the global soda ash market to reach US$ 24.5 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.
STE R SHERIDAN, WYOMING, UNITED STATES, April 21, 2022 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled "Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global market reached a value of US$ 17.8 Billion in 2021. Soda ash or sodium carbonate (Na2CO3) refers to a white, crystalline, non-toxic and odorless alkali chemical. It is usually refined from mineral trona and sodium carbonate-bearing brines or can be obtained synthetically. Soda ash finds extensive application in the food and beverage (F&B) industry as an additive, rising agent, acidity regulator, and stabilizer. Apart from this, it is an effective solvent due to which it is widely utilized in stain removers, bleach, detergents, and aromatic dishwashing products.
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The widespread adoption of soda ash across the glass manufacturing industry for producing fiberglass insulation materials and flat glasses for automobiles, housing and commercial buildings represents the prime factor driving the market growth. Additionally, soda ash is extensively used as an active ingredient in shampoos, sanitizers, soaps, coloring agents and dyes, which is propelling the market growth. Apart from this, the rising environmental concerns have prompted governments of various countries to promote the uptake of soda ash in the industrial wastewater treatment applications to maintain optimum pH levels and reduce the amount of sulfur dioxide (SO2), which is an acidic waste generated from industrial exhaust fumes. This, in turn, is contributing to the market growth significantly. Looking forward, IMARC Group expects the global soda ash market to reach US$ 24.5 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Solvay S.A.
Tata Chemicals Limited
Shandong Haihua Group Co. Ltd.
Tronox Limited
Nirma Limited
Market Segmentation:
Breakup by Application:
Glass
Soaps and detergents
Chemicals
Metallurgy
Pulp and paper
Others
Regional Insights:
China
Asia Pacific (Excluding China)
Europe
North America
Latin America
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Elena Anderson
IMARC Services Private Limited
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