Press Release

Astute Analytica delivers key insights on the Soda Ash Market. In terms of revenue, the market is estimated to grow at a CAGR of 13.9%, and based on the volume the market is anticipated to grow at a CAGR of 7.2% during the forecast period of 2020-2025, owing to numerous factors, regarding which Astute Analytica offers thorough insights and forecasts in its report on the global market.

Several factors are responsible for the growth of the soda ash market across the globe, for instance, increasing the synthetic production of soda ash. Additionally, EXIM-related regulations and policies are also expected to have a major impact on the international trade of the soda ash market. Moreover, growth in mass production due to the increasing application of soda ash in the food industry is estimated to have a positive impact on the market. The report analyzes the global Soda Ash market and provides estimates in terms of revenue (US$ Mn) from 2017 to 2025.

Soda Ash Market – Growth Factors and Challenges

Soda ash is used as a major raw material in a variety of industries and applications worldwide, including glass manufacturing, dry powder detergents, pulp and paper, and others. In recent years, it has been found that the glass manufacturing industry used 53% of the soda ash produced which owes 29% to the flat glass sector, 19% to the container industry, and 5% to other glass segments. Soda ash is specifically used to make the most common type of glass, soda-lime-silica glass. Soda ash plays a very essential role by reducing the energy required to produce glass. In recent times, when many industries are shifting to alternatives of glass, industries like liquor and solar panels are constantly elevating the demand of the glass market. In 2018, the demand for solar panel glass has considerably increased, and the market touched ~US$ 4 billion. 

Soda ash is also used as a water softener as it can remove chemicals that the non-carbonate hardness, few substitutes can be used to treat water in place of soda ash, but its low cost and abundant availability drive the market in the upward direction. As per global soda ash end-user demand, 5% of the share lies in the water treatment segment which is still greater than metal and mining, paper and pulp, and other industries. The major soda ash consumers in the water treatment segment are Veolia Environment, Suez Environment, ITT Corporation, United Utilities, and others. In swimming pools, soda ash is used for water treatment to increase swimming pool alkalinity.

The above-mentioned drivers are estimated to have a higher impact over the market throughout the forecast period as the production of glass and water is estimated to increase in the coming years majorly due to the growing automotive industry and increasing population, respectively.

Soda Ash Market – Growth Pockets

The global soda ash market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific is the highest shareholder in terms of volume due to the presence of major soda ash produces such as China, and Tata chemicals in India. Additionally, Turkey and Russia in Europe are also major producers of natural soda ash, thus contributing to a major share of up to 30% in terms of revenue. 

Adoption of soda ash in the automotive sector is maximum throughout the forecast period due to usage of soda ash in manufacturing glass for the vehicles. Additionally, the glass segment from the industrial & automotive end-use segment contributes almost 50% of the total usage. Revenue generated from dense soda is more as compared to light soda as the Dense soda ash is a premium quality product that combines a consistently high sodium carbonate content with exceptionally low impurity levels of chlorides and iron. Dense soda ash is guaranteed to be 99.2% pure, but has a typical purity level of 99.8%, resulting in more products when compared to a lower assay soda ash. Based on Type the soda ash market is bifurcated into synthetic and natural types. The process of production is indicated by the type segment. Natural soda is obtained by mining whereas, synthetic soda is manufactured with various processes such as Hou & Solvay. 

The report provides an in-depth segment analysis of the global soda ash market, thereby providing valuable insights at the macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of the geographic analysis of the Soda Ash market.

Soda Ash Market – What competitors are doing?

Key providers of Soda Ash, such as Ciech SA, Ciner Resources Corporation, DCW Limited, Genesis Energy, GHCL Limited, OCI Company Ltd., Nirma, Shandong Haihua, Tata Chemicals Limited, among others. Some key developments in the global soda ash market are highlighted below:

• In April 2020, Tata Chemicals South Africa has declared force majeure for all bulk shipments of soda ash to South Africa as the South African Government has restricted port operations amidst the global pandemic of Covid-19. The company chose to address this issue through legal channels to designate soda ash as an essential product during the Covid-19 crisis.
• In 2019, Ciner Group worked on expansion plans at established and new Eti Soda A.S. facilities. Eti Soda had completed capacity expansion at its established plant to 1.7 Mt/yr and continued work on its new Kazan facility, which was planned to have a capacity of 2.7 Mt/yr.
• December 2019, Acquisition: Tata Chemicals wholly-owned subsidiary Valley Holding acquired the 25% remaining stake in its US subsidiary, Tata Chemicals North America (TCNA) from the Andover Group, a subsidiary of Owens-Illinois, for $195 million (nearly Rs 1,386.7 crore). This acquisition will allow the full ownership of the North American business by Tata Chemicals that will further simplify enterprise architecture and boost its total soda ash capacity to 5.5 million tons a year, from 3 million tons. On March 27, 2008, TCNA (then General Chemical Industrial Products) was acquired by Tata Chemicals for over $1 billion for a 75% stake.
• In December 2018, GHCL signed an agreement for expanding its soda ash manufacturing facility at Sutrapada in Gir Somnath district. The brownfield expansion project cost is around US$ 86.24 Mn (Rs 600 crore). The current capacity at your Soda Ash plant stood at 1.10 Million tons as of March 31, 2019.

Key players operating in the global Soda Ash market are Ishtar Company LLC, KPL International, Weifang Haizhiyuan Chemistry and Industry Co., Ltd., Trade House Bashkhim, Solvay. The report includes profiles of 17 players from the global ecosystem from a list of 50 vendors analyzed.

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