SODIUM CARBONATE MARKET ANALYSIS

Sodium Carbonate MarketSize and Trends

Market Outlook

Global sodium carbonate market size was valued at US$ 17.32 billion in 2017, exhibiting a CAGR of 2.54%, during the forecast period (2019-2027). Increasing demand for sodium carbonate from various industries is expected to boost the market growth. For instance, sodium carbonate is used in water treatment applications, pulp and paper applications, and chemical industries. Increasing demand from these industries is expected to propel growth for the market. Furthermore, sodium carbonate is majorly used in the soap and detergent industry and accounted for 15% of its global consumption in 2016. Increasing demand from these industries is expected to boot the market growth during the forecast period. Sodium carbonate or soda finds applications in glass manufacturing industry as well. Growing glass manufacturing industry and increasing demand for sodium carbonate is expected to impel the market growth.