Global Sodium Carbonate Market was valued at USD 18.14 Bn in 2019, and is expected to reach US$ 23.54 Bn by 2026, at a CAGR of 3.31% over forecast period 2020-2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Sodium Carbonate Market Scenario:
Sodium carbonate (washing soda, soda ash and soda crystals) is an inorganic compound with the formula Na2CO3 and its various hydrates. Sodium carbonate occurs naturally in arid regions. It is found in the form of deposits on locations where lakes evaporate. Increasing demand for sodium carbonate from various industries is mainly driving the market growth. For instance, sodium carbonate is heavily used in water treatment applications, pulp and paper applications, chemical industries, soap & detergent industry and in glass manufacturing. Moreover, increasing demand for sodium carbonate for brine treatment, coal treatment and desulphurization of flue gas is boosting market growth over forecast period. Sodium carbonate finds major consumption in industries as well as households for removal of hardness in water and pH adjustment of water. Sodium carbonate is also used as a catalyst for resin regeneration through ion exchange.
However, factors such as challenging disposal of effluents formed during the production process and strict regulation on effective waste management by government authorities are restraining the global sodium carbonate market growth.
Emerging industrial economies in Asia Pacific, Latin America and MEA& Africa are expected to create lucrative opportunities for sodium carbonate market.
Global Sodium Carbonate Market Segmentation Analysis:
Global Sodium Carbonate Market is segmented by Product Type, by End users and by Region. By end users market is segmented into Glass, Detergents, Water Treatment, Chemical, Brick Industry, Pulp & Paper and Others (Soap, Cooking, and Rayon). Among all of these glass end user segment held highest market share in 2019 and expected to keep its dominance over forecast period. Sodium carbonate serves as a flux for silica, lowering the melting point to something achievable without special materials. This “soda glass” is mildly water-soluble, so some calcium carbonate is added to the melt mixture to make the glass insoluble. The next-leading end user industry is soap and detergent. Sodium carbonate is incorporated in powdered soaps, detergents, and various specialty cleaning products for household, industrial, and commercial applications. It is added in order to emulsify oil stains, reduce redeposition of dirt in wash cycles, provide alkalinity for cleaning, and soften laundry water.
Global Sodium Carbonate Market Regional Analysis:
Geographically, Global Sodium Carbonate Market is segmented into North America, Europe, MEA& Africa and Latin America. Among all of these Asia-Pacific held 36% market share in 2019 and is expected to keep its dominance over forecast period. Market is driven by higher demand into waste water treatment, paper and pulp and chemical industry in the region. China is the largest consumer for sodium carbonate in Asia pacific region. Rising demand for paper pulp owing to increasing application in writing pad, carry bags and corrugated cardboard and other packaging uses may propel the sodium carbonate demand over forecast period.
Asia-Pacific is followed by North America and Europe as second and third largest market for sodium carbonate market. Growth of detergent industry in U.S. and Canada owing to rising demand of durable and more effective cleansing agents is propelling the market growth in this region. Sodium carbonate is used as an additive in detergents and soaps to improve their cleansing properties.
Europe sodium carbonate is led by Italy, Spain, France, UK and Germany. Rising demand for glass owing to its increased application in commercial, residential buildings and packaging industries is driving the market in this region.
Global Sodium Carbonate Market Competitive Landscape:
Report covers key development and company profiles of major players. Some of the key players operating in this market are Tata Chemicals, Solvay, FMC Corporation, Nirma Limited, OCI Chemical Corporation, Ciech, Soda Sanayii, GHCL, DCW, Oriental Chemical Industries, Novacarb, and Haohua Honghe Chemical. By using various growth strategies such as patent, new product development, expansion, diversification, merger& acquisition, joint ventures, strategic alliance etc. to increased their regional presence and business operations. For instance In July 2019, Tata Chemicals received a green nod for expansion of its soda ash plant in Gujarat (India) at an estimated cost of Rs 1,042.07 crore. The proposal is for expansion of its soda ash plant located in Devbhumi Dwarka district from 10.91 lakh tonne per annum to 113.16 lakh tonne per annum.
The objective of the report is to present a comprehensive analysis of Global Sodium Carbonate Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Sodium Carbonate Market dynamics, structure by analyzing the market segments and project the Global Sodium Carbonate Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Sodium Carbonate Market make the report investor’s guide.
Scope of Global Sodium Carbonate Market:
Global Sodium Carbonate Market Segmentation by Product Type
• Natural
• Synthetic
Global Sodium Carbonate Market Segmentation by End-Use Industry
• Glass
• Detergents
• Water Treatment
• Chemical
• Brick Industry
• Pulp & Paper
• Others (Soap, Cooking, Rayon)
Global Sodium Carbonate Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating In Sodium Carbonate Market
• Tata Chemicals
• Solvay
• FMC Corporation
• Nirma Limited
• OCI Chemical Corporation
• Ciech
• Soda Sanayii
• GHCL
• DCW
• Oriental Chemical Industries
• Novacarb
• Haohua Honghe Chemical
• olvay,
• J M Loveridge Plc.
• CIECH
• Ciner Resources Corporation
• Genesis Energy
• Merck Millipore
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