The building industry's increasing demand for flat glass is what is essentially driving the soda ash market's expansion. The construction industry is expanding as a result of rapid urbanisation and rising living standards throughout the majority of developing nations. This in turn helps soda ash's market expansion. Flat glass provides a dramatic visual impression while saving energy and reducing heat transfer into buildings. Again, it is projected that rising worldwide washing soda usage will promote market expansion. The Coherent Market Insights report estimates that India uses about 800 grammes and 24 kg of toilet/bathing soap and laundry items per person each year. Rural areas account for over 65% of the demand for washing products.
The global Soda Ash Market size was valued at USD 11000.00 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030.
Major Players in the Soda Ash Industry:
1. Ciech Sa
Ciech S.A. manufactures and sells various chemical products in Poland, other European Union countries, Africa, Asia, and internationally. The company was founded in 1945 and is based in Warsaw, Poland. In September, 2022 CIECH S.A. and CIECH Soda Polska S.A. has signed an agreement with EEW Energy from Waste GmbH specifying the terms of their cooperation in the project involving construction of a thermal waste treatment installation in Inowrocław.
2. Genesis Energy LP
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company was incorporated in 1996 and is headquartered in Houston, Texas.
3. GHCL Limited
GHCL Limited, together with its subsidiaries, manufactures and sells inorganic chemicals and textile products in India. GHCL Limited was incorporated in 1983 and is based in Noida, India.
4. Ciner Resources Corporation
Founded in 2015, Ciner Resources Corporation's primary business is the production of natural soda ash. It has headquarters situated in Atlanta, GA.
5. Lianyungang Soda Ash Co. Ltd
Lianyungang Soda Ash Co., Ltd. is a state-owned enterprise directly under Lianyungang City, formerly known as the Sinopec group Nanjing Chemical Industry Co. Ltd. Lianyungang soda plant, put into operation in October 1989. It has headquarters situated in Jiangsu, China.
6. NIRMA LIMITED
Since 1969, Nirma is a customer-focused company committed to consistently offer better quality products and services that maximize value to the customer. It has headquarters situated in Gujarat, India.
7. Şişecam Group
Şişecam was founded in 1935 to establish Turkey’s glass industry in line with the vision of Mustafa Kemal Atatürk, the founder of the Turkish Republic. Today, Şişecam is a strong global player in the fields of glass and chemicals. It has headquarters situated in İstanbul, Turkey.
8. Solvay S.A.
Solvay SA provides advanced materials and specialty chemicals worldwide. The company was founded in 1863 and is headquartered in Brussels, Belgium. In January, 2023 Solvay launches the first ISCC PLUS certified mass balance vanillin.
9. Shandong Haihua, Group Co. Ltd
Shandong Haihua Co.,Ltd, together with its subsidiaries, engages in the production and sale of various chemical products in China. Shandong Haihua Co.,Ltd was founded in 1998 and is headquartered in Weifang, China.
10. Tata Chemicals Ltd
Tata Chemicals Limited manufactures, sells, and distributes basic chemistry and specialty products in India, Europe, Africa, the United States, rest of Asia, and internationally. Tata Chemicals Limited was founded in 1927 and is based in Mumbai, India.
*Definition- An organic mineral with the chemical formula Na2CO3 is soda ash. Water is used to remove it from plant ashes.
