Global soda ash market is estimated to be valued at USD 20.07 Bn in 2024 and is expected to reach USD 26.64 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 20.07 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
4.10% |
2031 Value Projection: |
US$ 26.64 Bn |
Figure. Soda Ash Market Share (%), By Region, 2024
Soda ash, also known as sodium carbonate, is an inorganic salt that is a white crystalline powder with an alkaline taste. It is a critical raw material used in many industries including glass, chemicals, soaps and detergents, pulp and paper, water treatment and others. Rising glass production around the world and increasing applications of soda ash in chemicals, soaps and detergents production are major factors driving growth of the global soda ash market.
Market Dynamics:
Global soda ash market is expected to witness significant growth due to factors such as rising demand from the glass industry and water treatment sector. Soda ash plays an important role in the manufacturing of flat and container glass, which is majorly used in the construction, automotive and manufacturing industries. Growing glass production is expected to boost demand for soda ash during the forecast period. Increasing usage of soda ash for water treatment applications is also a major factor driving the market growth. Soda ash is a key raw material used in various water treatment chemicals for industrial effluent treatment and municipal water purification. However, the market faces restrictions from stringent environment regulations regarding soda ash mining and production. The availability of substitutes like caustic soda can hinder the market growth.
Key Features of the Study:
- This report provides in-depth analysis of the global soda ash market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global soda ash market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Solvay, Tata Chemicals Ltd, CIECH SA, Ciner Resources Corporation, Genesis Energy LP, GHCL Limited, Lianyungang Soda Ash Co. Ltd, NIRMA LIMITED, AA3/4iAYecam Group, Shandong Haihua, Group Co., Keshariya Corporation, Akshar Chemical India Private Limited, PCIPL, Kakadiya Chemicals, KPL International Limited.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global soda ash market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global soda ash market.
Detailed Segmentation-
- By Grade Type:
- By Type:
- By End-Use Application:
- Glass
- Soaps and Detergents
- Chemicals
- Water Treatment
- Industrial
- Others (Sealants and Glues, Soil Preparation, etc.)
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Solvay
- Tata Chemicals Ltd
- CIECH SA
- Ciner Resources Corporation
- Genesis Energy LP
- GHCL Limited
- Lianyungang Soda Ash Co. Ltd
- NIRMA LIMITED
- AA3/4iAYecam Group
- Shandong Haihua, Group Co.
- Keshariya Corporation
- Akshar Chemical India Private Limited
- PCIPL
- Kakadiya Chemicals
- KPL International Limited