SODA ASH MARKET ANALYSIS

Market Concentration and Competitive Landscape

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The use of soda ash or sodium carbonate is growing substantially across various chemical industries globally which is positively impacting the growth of the overall soda ash market. Soda ash finds major applications in industries like glass, chemicals, detergents, metallurgy etc.  The glass industry accounts for over 70% of total soda ash consumption worldwide. Soda ash acts as a crucial raw material for manufacturing glass as it helps lower the melting point of glass. With the rising demand for glass from construction and automotive industries coupled with increasing population, the need for glass packaging and containers is experiencing significant y-o-y gains. As per United Nations data, the global construction output is projected to increase by 85% from 2015 levels to reach around USD15.5 trillion by 2030.  Soda ash is also indispensable for producing chemicals like sodium silicates, sodium Percarbonate, potassium carbonate etc. which further have applicability across an assortment of sectors including agriculture, water treatment, oil and gas. The demand for chemicals has been rising given the industrialization and urbanization worldwide. The U.S. Environmental Protection Agency data suggest that the global chemical industry output will increase by 84% between 2020 and 2030. This expanding chemicals market signifies increased opportunities for soda ash manufacturers.  With sustained growth forecast across major application domains that consume soda ash in huge amounts, the global soda ash demand looks poised to climb steadily in the coming years. This improving consumption landscape will continue propelling the soda ash market revenues northwards on the whole.