Title: Soda Ash Market is Expected to Surpass US$ 17.5 Bn by 2029 | Future Market Insights
1Soda Ash Market is Expected to Surpass US 17.5
Bn by 2029 Future Market Insights
Report Id REP-GB-11085 Published On
21-Feb-2020 Category Chemicals and Materials
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4Soda Ash Market Analysis
- The global soda ash market will reach a valuation
of US 17.5 Bn in 2029, witnessing a steady
growth outlook during the forecast period (2019 -
2029). According to a new study by Future Market
Insights (FMI), the market for soda ash is
largely influenced by upsurge in demand from
detergents and soaps, chemicals, metallurgy, and
construction industries. - "Leading players in soda ash market must maintain
focus on expansion through strategic
collaborations in order to remain prominent at a
global level," reveals the FMI report. - Key Research Findings of FMI's Soda Ash Market
Study - Glass and ceramics will account for a major
market share owing to high demand for glass and
flat glass products. - The soda ash market is gaining substantial
tailwinds from the building construction
materials segment. - Growth opportunities in soda ash market are
primarily concentrated in Asia Pacific owing to
strong expansion prospects of end-use industries
in the region. - Sustainability trend will remain instrumental to
the build-up of soda ash market, influencing its
pricing and application.
5Soda Ash Market Analysis
- Key Growth Drivers - Soda Ash Market
- Energy conservation policies by governments is a
key growth driver for soda ash adoption. - The rise in high individual net worth in
developing countries is projected to increase
consumption of soda ash. - Leading manufacturers continue to adopt
innovative extraction processes to boost
production capacity. - Key Impediments - Soda Ash Market
- Low cost of soda ash production has resulted in
oversupply, potentially hindering profitability. - Environmental regulations associated with
concentration of chlorides remains a longstanding
concern for producers.
6Soda Ash Market Analysis
Competition Structure Analysis - Soda Ash
Market The competition landscape of soda ash
market remains largely consolidated, as major
players continue to capture around 70 of market
share. Key producers are leveraging advanced
extraction processes such as pillar and room
mining to boost production capacities.
Manufacturers are also entering strategic
collaborations to consolidate their market
position. Some of the key players in the soda ash
market include, but are not limited to CIECH SA,
Tata Chemicals Ltd., Novacap Group, DCW Ltd.,
Ciner Group, Genesis Energy, and Nirma
Ltd. Source Link https//www.accesswire.com/579
712/Soda-Ash-Market-Revenues-to-Reach-US-175-Bn-Th
rough-2029-Sustainability-Trend-to-Remain-the-Sile
nt-Shaper-Future-Market-Insights
7Soda Ash Market Analysis
- About the Report
- This report offers global, regional, and national
level analysis on the latest trends in the
industry influencing the soda ash market. The
study provides actionable insights on the soda
ash market on the basis of density (dense and
light), end use industry (glass ceramics, soaps
detergents, metallurgy, paper pulp,
chemicals, and water treatment) across 30
countries spanning five key regions (North
America, Latin America, Europe, Asia Pacific, and
MEA). - Explore Extensive Coverage of FMI's Chemicals
Materials Landscape - Bio-based plastics in the automotive market
- Aircraft Cleaning Chemicals Market
- Bioplastics in the Automotive Market
8Soda Ash Market Analysis
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