DUBAI, United Arab Emirates, March 09, 2022 (GLOBE NEWSWIRE) -- Pegged at a steady CAGR, global revenue of soda ash market is set to exceed US$ 17.5 Bn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.
| Global Soda Ash Market Value (2021) | US$ 18,526.8 Mn | |
| Global Soda Ash Market Analysis Estimation (2022) | US$ 19,190.0 Mn | |
| Global Soda Ash Market Analysis Forecasts (2029) | US$ 25,285.6 Mn | |
| Value CAGR (2022-2029) | 4.0% | |
| Collective Value Share: Top 3 Countries (2022) | 62.7% | |
Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-11085
Key Takeaways of Soda Ash Market Study
- Glass & ceramics hold a majority share in the global soda ash market.
- Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
- Sustainability would remain key strategic focus of market leaders through 2029.
- Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
- Continued usage of cost-effective alternatives such as aluminium and plastics are set to restrict widespread adoption of glass in packaging industry.
Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-11085
Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029
Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicentre of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.
Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership
The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/11085
Scope of Report
| Attribute | Details |
| Forecast Period | 2022-2029 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | USD Million for Value and Kilo Tons for Volume |
| Key Regions Covered | North America, Latin America, Europe, SEA & Pacific, China, Japan, India and Middle East & Africa |
| Key Countries Covered | US, Canada, Brazil, Mexico, Germany, Italy, France, U.K, Spain, Russia, Poland, India, ASEAN, Oceania, China, Japan, GCC Countries, Turkey and South Africa |
| Key Segments Covered | By Density, By End Use, and By Region |
| Key Companies Profiled | • Solvay SA • Ciner Group • Tata Chemicals Limited • CIECH SA • Genesis Energy LP • Nirma Limited • GHCL Limited • DCW Ltd. • ICI Pakistan Ltd. • Sahand Industrial Ltd. • Novacap Group • Soda Sanayii AS • Bashkir Soda Company • Huanghua Tianxia Chemical Industry Co. Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
We Offer tailor-made Solutions to fit Your Requirements, Request Customization- https://www.futuremarketinsights.com/customization-available/rep-gb-11085
Explore FMI’s Extensive Ongoing Coverage on Chemicals & Materials Domain
Paper Processing Resins Market: The global sales of paper processing resins are anticipated to rise at a significant pace over the forecast period from 2022 to 2032.
Weighing Agents Market: The global weighing agents market is forecast to register significant growth during the forecast period from 2022 to 2032.
Flexographic Ink Market: The demand for flexographic printing ink from packaging industry is increasing with the rising interest of packaging manufactures to develop attractive packaging.
Bio-Plasticizers Market: The growth of the Bio-Plasticizers market is attributed to the ongoing research on bio-based plasticizers, which is likely to create opportunities for the market in the forthcoming years.
Transformer Oil Market: Global Transformer Oil Market demand is anticipated to be valued at US$ 2.02 Billion in 2022, forecast to grow at a CAGR of 7% to be valued at US$ 4 Billion from 2022 to 2032.
Ballistic Protection Materials Market: Global Ballistic Protection Materials demand is anticipated to be valued at US$ 11.80 Billion in 2022, forecast to grow at approximately CAGR of 6% to be valued at US$ 21 Billion from 2022 to 2032.
Wind Turbine Composite Materials Market: The global wind turbine composite materials market is expected to be valued at USD 12 Billion in 2022 and secure USD 25.4 Billion by 2032.
Acetonitrile Market: Global Acetonitrile Market demand is anticipated to be valued at US$ 277 Million in 2022, forecast to grow at a CAGR of 5.5% to be valued at US$ 473 Million from 2022 to 2032.
Acrylamide Market: During the forecast period, the acrylamide market is expected to grow at a CAGR of more than 4%. The growing demand for the enhanced oil recovery (EOR) process is expected to drive the acrylamide market, as polyacrylamide is widely used in this process.
Polypropylene Random Copolymers Market: The global polypropylene market was worth US$ 8.3 Billion in revenue in 2021, and it is expected to grow at a CAGR of 5.8% between 2022 and 2032.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/soda-ash-market
