 |
| soda ash market |
The global soda ash market is estimated to be valued at US$ 12406.28 Mn or in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Soda ash, also known as sodium carbonate, is an inorganic salt which is highly
soluble in water. It is a white powdery substance which finds applications as a
neutralizing agent in glass, detergents and chemicals manufacturing among
others. Its high solubility and neutralizing property have increased its demand
in various industries globally.
Market key trends:
One of the key trends driving the growth of the soda ash market is the
increasing usage of soda ash in flue-gas desulfurization systems. Soda ash is
an important absorbent used for removing sulfur dioxide from flue gases
generated in industries such as coal-fired power plants. With growing
environmental concerns regarding sulfur emissions, more industries are adopting
flue-gas desulfurization systems thereby raising the demand for soda ash. Soda ash
usage in such systems protects the environment from harmful pollution.
Segment Analysis
Soda ash market is segmented into heavy soda ash and light soda ash. Heavy soda
ash dominated the market and accounted for nearly 66% of the overall market
share in 2022 owing to its wide application in glass and ceramics manufacturing
industries. Heavy soda ash has higher alkaline content making it suitable for
glass manufacturing where high alkalinity is required for smoother melting
process.
Key Takeaways
The global Soda
Ash Market Growth is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period,
due to increasing demand from glass manufacturing industry. Asia Pacific
accounted for over 40% share of the overall market in 2022 due to rising glass
demand from China and India. Regional analysis Europe and North America are
also promising markets due to presence of well established ceramic and glass
industries in the regions.
Key players operating in the soda ash market are CIECH SA, Ciner Resources
Corporation, Genesis Energy LP, GHCL Limited, Lianyungang Soda Ash Co. Ltd,
NIRMA LIMITED, Şişecam Group, Solvay, Shandong Haihua, Group Co. Ltd, and Tata
Chemicals Ltd. The global soda ash market size for 2023 is US$ 12406.28 Mn.
Read More,
https://www.insightprobing.com/soda-ash-market-trends-size-and-share-analysis/
0 Comments