Sodium Carbonate Market - Forecast(2022 - 2027)
Sodium carbonate or soda ash is a naturally occurring chemical that finds application in industries such as food and beverages, pulp and papers, and glass. However, the soap and detergent industry including the surfactants market are few of the most lucrative market verticals for sodium carbonate. As per the International Trade Centre, the global soaps and detergents trade value was observed to be $62.62m in 2018. Sodium carbonate is an essential ingredient employed in the detergents and surfactants industry, and this is propelling growth in the sodium carbonate market, which was valued at $18.2 billion in 2018. The sodium carbonate market is estimated to grow at a CAGR of 2.45% during the forecast period of 2019 to 2025.
APAC was estimated to be the most profitable region for the sodium carbonate market, and accounted for 54% of the global market share. This massive market share was recorded due to higher population and rising disposable income in the region which is leading to increased demands for sodium carbonate end products such as detergents and glass.
Glass is an important commodity in the construction industry. Massive construction activities in the region are increasing the requirement of glass for creating artistic infrastructure. Among other APAC countries, China is drawing the highest investments in the construction industry. According to the World Economic Forum, the Chinese construction sector attracted $4 billion in investment from Taiwan, France, and the U.S. The requirement of accommodation for businesses and office spaces has powered China’s growth in the construction industry, subsequently influencing the glass market and supporting growth of the global sodium carbonate market.
Sodium Carbonate Market Outlook
The key application of sodium carbonate is in glass. It is used for production of various types of glass such as tinted, anti-glare, reflector, and UV absorbent glass. The glass application segment is projected to grow at a CAGR of 2.8% during the forecast period.
Glass is extensively being employed for construction of aesthetic infrastructures. Manufactured by the fusion of sand with soda crystals, it is one of the favorite raw materials used in construction of commercial places and infrastructure such as hospitals, airports, malls and skyscrapers. According to the International Finance Corporation, the construction industry is projected to grow at a CAGR of 4.2% during 2018 to 2023 in terms of market value. About 75% of the infrastructure that will exist in 2050 is yet to be built. The growth in the commercial, residential, and large infrastructure projects are burgeoning the opportunities in the construction industry which is further expected to bolster demands of raw materials used for the construction. Therefore, the growing raw material demand will also increase the requirement of glass, further increasing the demand in the adjacent global sodium carbonate market.
Sodium Carbonate Market Growth Drivers
·Water Treatment: According to the World Bank Group, 2.1 billion people lack dependable access to safe water services, and among those, 844 million people do not have access to basic drinking water facilities. Sodium carbonate is globally used as a water softener which neutralizes the harmful bacteria present in water. The imperative need for safe water across the world is driving key players in the market to expand their operations and provide water treatment. The need for safe drinking water will lead to increased opportunities in the global sodium carbonate market.
·Confectionary Ingredients: Sodium carbonate, popularly known as baking soda in the food and beverages industry, is massively used in production of confectionary products such as cakes, breads, muffins, and chocolates. The demand for these products is always on a rise, owing to the popularity they enjoy among every age group in society. Bread is considered as a staple food product in European countries. Thus, growing demand for confectionary and baked products is likely to support the sodium carbonate market growth.
·Production of Wood Pulp: Soda ash or sodium carbonate is used for pulping and bleaching processes to balance the pH levels. The ingredient contributes to multiple pulp bleaching applications such as the hydrogen peroxide bleaching and caustic extraction of chemical or mechanical pulps. The increased manufacturing of bleaching products from the chemical companies is driving the global sodium carbonate market.
Sodium Carbonate Market Trends
·Sodium carbonate is used as an active pharmaceutical ingredient (API) and is applied in issues such as headache and indigestion. The use of sodium carbonate as an API is growing on a global scale, and is anticipated to inject profits in the global sodium carbonate market.
·Sodium carbonate heptahydrate, sodium carbonate monohydrate, and sodium carbonate decahydrate are byproducts of sodium carbonate. These products, which act as abrasive, deodorizing agents, and oral care agents, are utilized in the production of numerous cosmetic and personal care products. Sodium carbonate stabilizes the acid-base balance of cosmetic products. Thus, the sodium carbonate market is assured of witnessing considerable profits through the personal care industry.
·Sodium carbonate is being used for maintaining the pH level of swimming pools. The implementation of sodium carbonate for swimming pools has improved the quality of the swimming pool water and therefore is currently cited as an essential element for swimming pool maintenance.
Sodium Carbonate Market Key Players Perspective –
The key players involved in the sodium carbonate market are investing considerably in research and development to gain an edge over their competitors. Some of the major players in the sodium carbonate market are CIECH S.A., Solvay S.A., OCI Chemical Corporation, Tata Chemicals Limited, Genesis Energy Limited, Nirma, GHCL Limited, Orison Chemicals Limited, WE Soda Ltd, Haohua Honghe Chemical Co Ltd, FMC Corporation, and Innova Corporate.
Sodium Carbonate Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the sodium carbonate market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The sodium carbonate market research report also analyses the application of sodium carbonate in various sectors such as real estate, small and medium-sized business, and others.
APAC was estimated to be the most profitable region for the sodium carbonate market, and accounted for 54% of the global market share. This massive market share was recorded due to higher population and rising disposable income in the region which is leading to increased demands for sodium carbonate end products such as detergents and glass.
Glass is an important commodity in the construction industry. Massive construction activities in the region are increasing the requirement of glass for creating artistic infrastructure. Among other APAC countries, China is drawing the highest investments in the construction industry. According to the World Economic Forum, the Chinese construction sector attracted $4 billion in investment from Taiwan, France, and the U.S. The requirement of accommodation for businesses and office spaces has powered China’s growth in the construction industry, subsequently influencing the glass market and supporting growth of the global sodium carbonate market.
Sodium Carbonate Market Outlook
The key application of sodium carbonate is in glass. It is used for production of various types of glass such as tinted, anti-glare, reflector, and UV absorbent glass. The glass application segment is projected to grow at a CAGR of 2.8% during the forecast period.
Glass is extensively being employed for construction of aesthetic infrastructures. Manufactured by the fusion of sand with soda crystals, it is one of the favorite raw materials used in construction of commercial places and infrastructure such as hospitals, airports, malls and skyscrapers. According to the International Finance Corporation, the construction industry is projected to grow at a CAGR of 4.2% during 2018 to 2023 in terms of market value. About 75% of the infrastructure that will exist in 2050 is yet to be built. The growth in the commercial, residential, and large infrastructure projects are burgeoning the opportunities in the construction industry which is further expected to bolster demands of raw materials used for the construction. Therefore, the growing raw material demand will also increase the requirement of glass, further increasing the demand in the adjacent global sodium carbonate market.
Sodium Carbonate Market Growth Drivers
·Water Treatment: According to the World Bank Group, 2.1 billion people lack dependable access to safe water services, and among those, 844 million people do not have access to basic drinking water facilities. Sodium carbonate is globally used as a water softener which neutralizes the harmful bacteria present in water. The imperative need for safe water across the world is driving key players in the market to expand their operations and provide water treatment. The need for safe drinking water will lead to increased opportunities in the global sodium carbonate market.
·Confectionary Ingredients: Sodium carbonate, popularly known as baking soda in the food and beverages industry, is massively used in production of confectionary products such as cakes, breads, muffins, and chocolates. The demand for these products is always on a rise, owing to the popularity they enjoy among every age group in society. Bread is considered as a staple food product in European countries. Thus, growing demand for confectionary and baked products is likely to support the sodium carbonate market growth.
·Production of Wood Pulp: Soda ash or sodium carbonate is used for pulping and bleaching processes to balance the pH levels. The ingredient contributes to multiple pulp bleaching applications such as the hydrogen peroxide bleaching and caustic extraction of chemical or mechanical pulps. The increased manufacturing of bleaching products from the chemical companies is driving the global sodium carbonate market.
Sodium Carbonate Market Trends
·Sodium carbonate is used as an active pharmaceutical ingredient (API) and is applied in issues such as headache and indigestion. The use of sodium carbonate as an API is growing on a global scale, and is anticipated to inject profits in the global sodium carbonate market.
·Sodium carbonate heptahydrate, sodium carbonate monohydrate, and sodium carbonate decahydrate are byproducts of sodium carbonate. These products, which act as abrasive, deodorizing agents, and oral care agents, are utilized in the production of numerous cosmetic and personal care products. Sodium carbonate stabilizes the acid-base balance of cosmetic products. Thus, the sodium carbonate market is assured of witnessing considerable profits through the personal care industry.
·Sodium carbonate is being used for maintaining the pH level of swimming pools. The implementation of sodium carbonate for swimming pools has improved the quality of the swimming pool water and therefore is currently cited as an essential element for swimming pool maintenance.
Sodium Carbonate Market Key Players Perspective –
The key players involved in the sodium carbonate market are investing considerably in research and development to gain an edge over their competitors. Some of the major players in the sodium carbonate market are CIECH S.A., Solvay S.A., OCI Chemical Corporation, Tata Chemicals Limited, Genesis Energy Limited, Nirma, GHCL Limited, Orison Chemicals Limited, WE Soda Ltd, Haohua Honghe Chemical Co Ltd, FMC Corporation, and Innova Corporate.
Sodium Carbonate Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the sodium carbonate market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The sodium carbonate market research report also analyses the application of sodium carbonate in various sectors such as real estate, small and medium-sized business, and others.
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