Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global soda ash market size reached US$ 18.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Soda ash (Na2CO3), also known as sodium carbonate or washing soda, is a white, odorless and non-toxic organic salt of sodium. It is generally found in natural deposits and can also be acquired from the ashes of plants growing in sodium-rich soils. Soda ash belongs to the Chlor-alkali family and is widely used in numerous industries owing to its disinfectant properties. It acts as a vital component in bleach, stain removers, sanitizing sprays, laundry detergents, all-purpose cleaners and automatic dishwashing detergents. It is also utilized as a fungicide, microbicide, herbicide and as a pH adjuster in personal care products.

One of the primary factors that are impelling the growth of the market is the burgeoning glass industry across the world. The demand for glass products has experienced a significant rise in recent years on account of the boosting sales of automobiles and increasing construction activities. Besides glass manufacturing, soda ash is also utilized in the production of several chemicals such as sodium silicate, sodium chromate and dichromate, and sodium bicarbonate and percarbonate. It is also used for making dyes, coloring agents, and adhesives and sealants. Moreover, as soda ash aids in maintaining the pH level of water, it is employed in the manufacturing of soaps, detergents and shampoos. The rising demand for these products, due to growing awareness among consumers about personal hygiene, is providing a positive thrust to the sales of soda ash. Additionally, the increasing number of wastewater treatment projects supported by stringent government regulations in various countries is further influencing the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soda ash market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

Glass
Soaps and detergents
Chemicals
Metallurgy
Pulp and paper
Others

Soda ash is widely used in the manufacturing of glass as it helps in regulating the temperature of the furnace to attain stability. The increasing adoption of glass packaging solutions in the food and beverage, pharmaceutical and personal care industries is strengthening the market growth in this segment.

Regional Insights:

China
Asia Pacific (Excluding China)
Europe
North America
Latin America
Middle East and Africa

On the geographical front, China represents the largest market for soda ash across the world. This can be attributed to the presence of several players in the country and the increasing use of soda ash in large-scale textile and pulp and paper industries.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report with the detailed profiles of the major players. Some of the leading players operating in the market are:

Solvay S.A.
Tata Chemicals Limited
Shandong Haihua Group Co. Ltd.
Tronox Limited
Nirma Limited

Key Questions Answered in This Report
1. What was the size of the global soda ash market in 2022?
2. What is the expected growth rate of the global soda ash market during 2023-2028?
3. What are the key factors driving the global soda ash market?
4. What has been the impact of COVID-19 on the global soda ash market?
5. What is the breakup of the global soda ash market based on the application?
6. What are the key regions in the global soda ash market?
7. Who are the key players/companies in the global soda ash market?