Asia-Pacific Dominates with Major Growth in the Soda Ash MarketPosted by Venkatesh on August 27th, 2018 In the Report “Soda Ash Market: By Application (glass, chemicals, soaps & detergents, metallurgy, water treatment, pulp & paper and others) & By Geography (Europe, Asia Pacific, North America, Rest of the World) - Forecast (2018-2023)”, published by IndustryARC, the market will be driven by production of glass over the past few years owing to high demand from automotive, building and construction industries.Asia-Pacific Dominates with Major Growth in the Soda Ash Market Asia-Pacific and Americas had witnessed significant growth in the soda ash market with the global share rising to more than 60% of the market in 2017. Asia-Pacific is the leading market holder for Soda Ash Market used in the production of glass, detergents, as well as in other chemicals. The Asia-Pacific market is witnessed to grow at a CAGR of 3.48% to reach revenue of 97.17 million by 2023. The market is highly depended on the strength of demand growth from China and India, and growth rates in automotive and construction sector in the countries. North America is the second leading market to grow at a CAGR of 3.31% to reach revenue of 00.73 million by 2023. North America is one of the largest soda ash producing regions. U.S. remained the second largest producer of soda ash after China. Europe acquires the third largest market in the world, growing at a CAGR of 3.84% for the forecast period of 2018-2023. Selected End-User Industry Analysis Done in the Full Report: Soda ash finds its applications in various fields which include glass for construction, automobiles and packaging, food and beverage sector, consumer goods (detergents and soaps) and many more. Glass sector will cause maximum revenue of 47.20 million by 2023 in terms of its usage in automobile, construction and various other industries and is expected to continue its growth at a CAGR of 3.47% globally. The volumetric growth of sodium ash in the glass industry is expected with a CAGR of 4.26% across with APAC achieving the highest CAGR in construction industry. The market for chemical industries had a high volume usage of 9493.71 KT in 2017, which is expected to reach 12470.14 KT by 2023 with a growing CAGR of 4.65% globally. The market is estimated to grow at a CAGR of 3.78% to reach revenue of 52.68 million by 2023. The market for consumer good is the third leading market projected to grow at a CAGR of 3.89%, followed by the Food and Beverage, Pulp and Paper with a CAGR of 4.15% and 1.62% respectively. Excerpts on Market Growth Factors
Key players of the Soda Ash Market Solvay SA has proved to be the biggest player in the market for soda ash along with Ciner group, Tata Chemicals and many more. Ciner group serves in the segments of soda segment, organic segment, silicates and glass segment, transport segment and others, with products Soda Ash Light, Soda Ash Dense, and Soda Ash Feed Grade. Tata Chemicals Ltd. has its products in Inorganic Chemicals, Fertilizers, and Agriculture inputs with products like Dense Soda Ash and Light Soda Ash. Solvay SA is known for its Advanced Formulations, Advanced Chemicals, Performance Chemicals, Functional Polymers, Corporate and Business Services. The Soda Ash Market report is Segmented as Below:
What can you expect from the report? The Soda Ash Market Report is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume) 2. Market trends & Relevant Market Data 12. Country level Analysis 3. Manufacturer Landscape 13. Competitor Analysis 4. Distributor Landscape 14. Market Shares Analysis 5. Pricing Analysis 15. Value Chain Analysis 6. Top 10 End user Analysis 16. Supply Chain Analysis 7. Product Benchmarking 17. Strategic Analysis 8. Product Developments 18. Current & Future Market Landscape Analysis 9. Mergers & Acquisition Analysis 19. Opportunity Analysis 10. Patent Analysis 20. Revenue and Volume Analysis Frequently Asked Questions: Q. Does IndustryARC publish country or application based reports in Soda Ash Market segment? Response: Yes, we do have separate reports as mentioned below:
Q. Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization: 1. Increase the level of data in application or end user industry. 2. Increase the number of countries in geography chapter. 3. Find out market shares for other smaller companies or companies which are of interest to you. 4. Company profiles can be requested based on your interests. 5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services. To request for a proposal, provide your details in the below link: https://industryarc.com/subscription.php Media Contact: Mr. Venkat Reddy Sales Manager Email 1: sales@industryarc.com Or Email 2: venkat@industryarc.com Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Like it? Share it! More by this author |