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. Request Sample 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 le...