Soda Ash Market Is Anticipated To Undergo Transformations Owing To The Shift Of Trend In Production Economics Till 2024
“The growth of glass industry, particularly in Asia Pacific and the Middle East on account of increasing construction spending, is also expected to play a crucial role in the developing the global soda ash market�
The global Soda Ash Market is expected to reach USD 25.37 billion by 2024, according to a new report by Grand View Research, Inc. The global soda ash market is marked by the presence of a few countries such as the U.S. and Turkey which mine soda using natural resources, while a majority of other regions such as China; manufacture synthetic soda ash using Solvay process. Access Full Research Report on Global Soda Ash Market : http://www.grandviewresearch.com/industry-analysis/soda-ash-market The growth of glass industry, particularly in Asia Pacific and the Middle East on account of increasing construction spending, is also expected to play a crucial role in the developing the global soda ash market, over the forecast period. Soda ash is an energy intensive industry, and fluctuating energy prices are expected to affect the market growth. Strict environmental regulations in the context of synthetic process for manufacturing soda ash are expected to hamper the market growth.
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Glass emerged as the leading application segment and accounted for 48.2% of total market volume in 2015. It is also expected to witness the highest growth of 3.2% over the forecast period. Soaps & detergents are also expected to witness brisk growth in soda ash demand over the forecast period. Increasing personal care industry in China, India, and Indonesia on account of growing disposable income level is expected to drive this segment. Further key findings from the study suggest:
The global soda ash market demand was 55.45 million tons in 2015 and is expected to reach 71.93 million tons by 2024, growing at a CAGR of 2.9% from 2016 to 2024
Asia Pacific was the leading regional market and accounted for 54.2% of global demand in 2015. Increasing industrialization in emerging economies of China, India, Thailand, and Indonesia is expected to drive the regional market.
China, due to established as well as upcoming manufacturing facilities is likely to head towards overproduction. However, in terms of exports, Asia Pacific is anticipated to face tough competition from North America due to cost advantage of the U.S natural soda ash manufacturers. Europe is expected to witness sluggish growth rate and is expected to reach over 5,500 kilo tons by 2024.
The market is expected to witness rise in new players coupled with increasing demand from Asia Pacific. The soda ash market is likely to experience production as well as economic shifts, especially in European countries due to closure of synthetic soda ash manufacturing facilities in the recent past. Key market players include Tata Chemicals Limited, DCW Limited, FMC Corporation, Oriental Chemical Industries, Solvay SA, etc.
Grand View Research has segmented the global Soda Ash Market on the basis of application and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/bulk-chemicals Table of Content of Global Soda Ash Market Research Report:
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Chapter 1. Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 . Executive Summary 2.1 Soda Ash- Industry Summary and Critical Success Factor’s (CSF’s) Chapter 3 . Soda Ash Industry Outlook 3.1 Soda Ash market segmentation 3.2 Soda Ash market size and growth prospects, 2014 - 2024 3.3 Soda Ash market - Value chain analysis 3.3.1 Vendor landscape 3.4 Soda Ash market dynamics 3.5 Market driver analysis 3.6 Market restraint analysis 3.7 Key market opportunities – Prioritized 3.8 Soda Ash company market share, 2015 3.9 Industry analysis - Porter's 3.10 Soda Ash market PESTEL analysis Chapter 4 . Soda Ash Application Outlook 4.1 Global Soda Ash market share by application, 2015 & 2024 4.2 Glass 4.2.1 Market estimates and forecast, 2014 - 2024 4.2.2 Market estimates and forecast by region, 2014 - 2024 4.3 Chemicals 4.3.1 Market estimates and forecast, 2014 - 2024 4.3.2 Market estimates and forecast by region, 2014 - 2024 4.4 Soaps & Detergents
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4.4.1 Market estimates and forecast, 2014 - 2024 4.4.2 Market estimates and forecast by region, 2014 - 2024 4.5 Metallurgy 4.5.1 Market estimates and forecast, 2014 - 2024 4.5.2 Market estimates and forecast by region, 2014 - 2024 4.6 Water Treatment 4.6.1 Market estimates and forecast, 2014 - 2024 4.6.2 Market estimates and forecast by region, 2014 - 2024 4.7 Pulp & Paper 4.7.1 Market estimates and forecast, 2014 - 2024 4.7.2 Market estimates and forecast by region, 2014 - 2024 4.8 Other 4.8.1 Market estimates and forecast, 2014 - 2024 4.8.2 Market estimates and forecast by region, 2014 - 2024 Chapter 5 . Soda Ash Regional Outlook 5.1 Global Soda Ash market share by region, 2015 & 2024 5.2 North America 5.2.1 Market estimates and forecast, 2014 - 2024 5.2.2 Market estimates and forecast, by application, 2014 - 2024 5.2.3 U.S. 5.2.3.1 Market estimates and forecast, 2014 - 2024 5.2.3.2 Market estimates and forecast, by application, 2014 - 2024 5.3 Europe 5.3.1 Market estimates and forecast, 2014 - 2024 5.3.2 Market estimates and forecast, by application, 2014 - 2024 5.3.3 Germany 5.3.3.1 Market estimates and forecast, 2014 - 2024
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5.3.3.2 Market estimates and forecast, by application, 2014 - 2024 5.3.4 France 5.3.4.1 Market estimates and forecast, 2014 - 2024 5.3.4.2 Market estimates and forecast, by application, 2014 - 2024 5.3.5 UK 5.3.5.1 Market estimates and forecast, 2014 - 2024 5.3.5.2 Market estimates and forecast, by application, 2014 - 2024 5.4 Asia Pacific 5.4.1 Market estimates and forecast, 2014 - 2024 5.4.2 Market estimates and forecast, by application, 2014 - 2024 5.4.3 China 5.4.3.1 Market estimates and forecast, 2014 - 2024 5.4.3.2 Market estimates and forecast, by application, 2014 - 2024 5.4.4 India 5.4.4.1 Market estimates and forecast, 2014 - 2024 5.4.4.2 Market estimates and forecast, by application, 2014 - 2024 5.4.5 Japan 5.4.5.1 Market estimates and forecast, 2014 - 2024 5.4.5.2 Market estimates and forecast, by application, 2014 - 2024 5.5 Central & South America 5.5.1 Market estimates and forecast, 2014 - 2024 5.5.2 Market estimates and forecast, by application, 2014 - 2024 5.6 Middle East & Africa 5.6.1 Market estimates and forecast, 2014 - 2024 5.6.2 Market estimates and forecast, by application, 2014 - 2024 Chapter 6 . Competitive Landscape 6.1 CIECH SA
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6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2 DCW Limited 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3 FMC Corporation 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4 GHCL Limited 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives 6.5 Nirma Limited 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6 OCI Chemical Corporation 6.6.1 Company Overview 6.6.2 Financial Performance
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6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7 Oriental Chemical Industries 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8 Soda Sanayii A.Ĺž 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9 Solvay SA 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10 Tata Chemicals Limited 6.10.1 Company Overview 6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiative About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company
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provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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