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Soda Ash Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
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Soda ash is an inorganic compound with chemical formula Na2CO3. It is an alkaline chemical refined from minerals, and produced through several chemical processes. Soda ash is also known as sodium carbonate or washing soda. Soda crystals are available in three forms, baking soda ash, dense soda ash, and light soda ash. It is used to clear air and to soften water. Its major application is glass manufacturing. In addition, soda ash could also be utilized in production of containers, fiber glass insulation for construction of houses, commercial building, and automotive industries. It is mostly used in the detergent factory, manufacturing of cleaning products, and removing phosphates & sulfurs from different ores.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Application, Industry Vertical, and Region |
Geographies covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
Companies covered | Tata Chemicals Ltd. Genesis Energy LP, Ciner Resources Corporation, Nirma Limited, GHCL Ltd., OCI Company, Solvay Chemicals, FMC Corporation, Oriental Chemical Industries, DCW Limited |
COVID-19 scenario analysis:
- The global scenario has drastically changed due to COVID-19 pandemic.
- The soda ash market has been foreseeing downtrend in demand and supplies as China is the largest manufacturer and supplier of soda ash worldwide.
- The market is expected to witness a little slump probably in the coming months or year.
- Prices of raw materials have been hit due to lack of supply.
- Demand for almost every product is declining these days due to decrease in disposable income of the people during the lockdown.
- Production processes of soda ash product are at halt due to lack of supply of raw materials as well as restrictions on soda ash manufacturing companies at this time.
- However, even if the industries continue their operations, but delay in raw materials supplies, then those industries have to reduce utilization rate.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The market growth is driven by the product usage in glass manufacturing, and in manufacturing of various other chemicals, detergents, & industrial products. Limited availability and rising prices of substitutes, such as caustic soda, or sodium silicate, have increased the probability of the growth of the soda ash market. Majority of the market is driven by glass manufacturing due to increased demand for soda ash in the manufacturing process of glass.
There are three forms of soda ash in the market - dense soda ash, baking soda ash, and light soda ash. Dense soda ash is an important component in glass manufacturing such as automotive glass, plate glass, container glass, flat glass, and curtain glass. Light soda ash is used for manufacturing of cleaning, dying, and water softening material. Baking soda is used in lather tanning, personal care products, fire extinguishers, and cleaning processes.
Regional analysis
The regions analyzed are North America (the U.S. and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa. China is considered to the largest consumer of soda ash products. Developed country such as the U.S. and developing countries such as China, India, and South Asian countries are contributing significantly toward the growth of the soda ash market.
Market participants
The analysis includes market participants such as Tata Chemicals Ltd. Genesis Energy LP, Ciner Resources Corporation, Nirma Limited, GHCL Ltd., OCI Company, Solvay Chemicals, FMC Corporation, Oriental Chemical Industries, and DCW Limited. These market participants are present worldwide. They have been taken into consideration for analysis of the growth of the market.
Key segments covered:
Segments | Sub-segments |
Application |
|
Industry Vertical |
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Key benefits of the report:
- This study presents the analytical depiction of the global soda ash market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global soda ash market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global soda ash market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the soda ash market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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