Soda Ash Market Growth, COVID Impact, Trends Analysis Report Forecast to 2033

The soda ash market is projected to be valued at US$ 19.9 billion in 2023 and is anticipated to grow to US$ 29.6 billion by 2033. The market is estimated to capture a CAGR of 4% during the forecast period.

The rising demand for natural and synthetic products, growing population and consumption of paper are increasing the adoption of soda ash. In addition, the increasing adoption of soda ash in the soap & detergent industry propels market expansion. The growing demand for glass from many end-use industries such as commercial, household and construction are driving the soda ash market size.

Around 50% of soda ash is used for manufacturing glass around the globe, expanding market share. In addition, the rising adoption of soda ash to develop rechargeable batteries in the electric industry emerges as a market opportunity. Moreover, the growing awareness, investment, and government initiatives support uplifting market opportunities.

Key Takeaways:

The soda ashmarket is expected to have a valuation of US$ 2.6 billion by 2033.
With a CAGR of 4.0%, the global market increasing from 2022 to 2033.
The United States soda ash marketis anticipated to record a CAGR of 2.3% throughout 2033.
With a CAGR of 2.5%, the United Kingdom market significantly uplifts during the forecast period.
China market is expected to witness a CAGR of 5.6% over the forecast period.
India market is likely to capture a CAGR of 4.5% from 2023 to 2033.

Other Prominent Players:

Solvay SA
Ciner Group
Tata Chemicals Limited
CIECH SA
Genesis Energy LP
Nirma Limited
GHCL Limited
DCW Ltd.
ICI Pakistan Ltd.
Sahand Industrial Ltd.
Novacap Group
Soda Sanayii AS
Bashkir Soda Company
Huanghua Tianxia Chemical Industry Co. Ltd

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Recent Development:

In Sep 2017, Genesis Energy acquired the Business of alkali from Tronox Limited and became a leading manufacturer in the globe. The company accounts for 28% of natural soda ash all around the globe.

Soda Ash Market by Category

By Density:

Light
Dense

By End-use Industry:

Glass & Ceramics
Soaps & Detergents
Paper & Pulp
Metallurgy
Chemicals
Water Treatment
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)

Increase in the Production of Natural Soda Drives the United States Market

The United States is a leading global market that is securing a CAGR of 2.3% with a valuation of US$ 2.6 billion during the foreseen period. In addition, the rising adoption of glass containers in the food industry is surging the United States market. As a result, the manufacturers are growing natural soda ash production with low operating costs in the United States.

The present market players and increasing demand for soda ash in the automation sector further bolstered market growth. As a result, the United States market secured a CAGR of 1.8% between 2017 and 2022.

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