Home Bulk Chemicals Soda Ash Market Size, Growth, Trends, Report to 2031

Soda Ash Market

Soda Ash Market Size, Share & Trends Analysis Report By Grade (Light, Medium, Dense), By Manufacturing Process (Solvay, Hou, Trona), By Applications (Glass Manufacturing, Metallurgy, Dyes and Coloring Agents, Synthetic Detergents and Fertilizers, Pulp and Paper Industry, Waste and Water Treatment, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRCH680DR
Study Period 2019-2031 CAGR 4.13%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 18.512 Billion
Forecast Year 2031 Forecast Year Market Size USD 26.646 Billion
Largest Market North America Fastest Growing Market Asia Pacific
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Market Overview

The global soda ash market size was valued at USD 18.512 billion in 2022. It is projected to reach USD 26.646 billion by 2031, growing at a CAGR of 4.13% during the forecast period (2023–2031).

Soda ash, or sodium carbonate, is a common name for the odorless, white powder produced when brines or trona ores are treated to remove impurities. It doesn't burn, explode, or poison, and it's stable. Glassmaking is just one of many industries that benefit from soda ash's versatility. Demand for glass in the construction, transportation, and food and drink sectors will increase due to rapid industrialization and urbanization. The creation of synthetic detergents and fertilizers also depends on using soda ash. Market growth is forecasted for the coming years thanks to rising demand for these goods, particularly in emerging economies like China and India.

Market Dynamics

What are the Primary Factors driving the Market for Soda Ash?

The Expanding Glass Industry, Along With the Increasing Demand for Glass Products

One of the primary drivers of the soda ash market is the rising demand for glass production, particularly in the building construction and automotive industries. Significant increases in the need for soda ash from soaps and detergent manufacturing industries in many regions contribute to the growth of the global soda ash market. Since it has high alkalinity, soda ash is used to manufacture powdered detergents and soaps. Soda ash is becoming more popular because it helps reduce the energy required to produce glass. Glass manufacturing has recently increased due to surging demand from the transportation and construction sectors.

What are the Main Factors that will slow down the Market for Soda Ash?

Stringent Regulatory Frameworks

Soda ash production releases greenhouse gases like carbon dioxide and sulfur oxides—soda ash manufacturing releases 58 metric tonnes of carbon dioxide annually. The use of synthetic soda ash is restricted by regulations in developed markets like North America and Europe, which is expected to slow the market over the forecast period. Rising geopolitical disputes have complicated the demand and supply chain between different countries, leading to price swings in soda ash. Price volatility is another factor limiting the expansion of the market.

What are the Future Opportunities for Soda Ash?

Technological Advancements In Terms Of Extraction Processes

Profitable opportunities will be available to market players during the forecasted year due to the pharmaceutical industry's significant growth in personal care products, active pharmaceutical ingredients, and effervescent formulations categories. The development of new industrial uses, such as rechargeable batteries and metalworking, has also contributed to its expansion. Metals are extracted and smelted in rechargeable batteries, especially for increasing manufacturing efficiency and modernizing production methods. Furthering soap and detergent production in these areas will pique the interest of significant soda ash producers.

Regional Analysis

The global soda ash market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA. 

North America Dominates the Global Market

North America is the most significant shareholder in the global market and is expected to grow during the forecast period. The United States is the world's largest producer of natural soda ash due to large deposits of Trona, making North America the most significant revenue contributor in the global market. Trona is a monoclinic mineral that occurs naturally as a gray-white or yellowish-white sodium carbonate compound refined into ash. In addition, there is a significant need for ash in the region's detergent and glass industries. Opportunities exist for the development of the market as a result of the presence of global market players in this region. For instance, Ciner's soda business in the U.S. will be acquired by the Turkish glassmaker Sisecam in December 2021.

Asia-Pacific is expected to grow during the forecast period. The rising demand for detergents in developing countries across the Asia Pacific, including China, India, Thailand, Malaysia, Vietnam, and others, has created a bountiful market for soda ash. Soda ash demand has increased mainly due to the region's thriving soaps & detergents, construction, and chemical industries. Also, construction, paper textiles, glass, and cleaning chemicals have a high demand for soda ash, making China and India the region's largest consumers. For soda ash, China is the world's biggest consumer. The widespread use of soda ash in the country's massive textile and paper industries is mainly responsible for this.

The primary factor propelling the region's soda ash market is a significant increase in glass production due to rising construction activities and rising European auto sales. Glass, detergent chemicals, and other industrial products use soda ash as a crucial raw material. Soda ash is primarily imported into the United Kingdom, Belgium, France, Germany, Italy, and Spain. The strict regulations of the European Union and the growing concern over the depletion of natural resources have led to the widespread use of soda ash in the wastewater treatment industry.

Soda ash demand has increased mainly due to the region's thriving soaps & detergents, construction, and chemical industries. The global market will benefit from technological advancements and partnerships, mergers, and acquisitions among major industry players. It is predicted that high untapped market potential in nations like Colombia, Brazil, Argentina, Chile, and Peru will present profitable growth prospects for the industry. 

Report Scope

Report Metric Details
Segmentations
By Grade
  1. Light
  2. Medium
  3. Dense
By Manufacturing Process
  1. Solvay
  2. Hou
  3. Trona
By Applications
  1. Glass Manufacturing
  2. Metallurgy
  3. Dyes and Coloring Agents
  4. Synthetic Detergents and Fertilizers
  5. Pulp and Paper Industry
  6. Waste and Water Treatment
  7. Others
Company Profiles Solvay FMC Haihua Group GHCL Tata Chemicals Nirma Huachang Chemical Hubei Shuanghuan Jilantai Salt Chemical Şişecam Group Yuanxing Energy Sichuan Hebang Corporation Limited BOTASH SA Lianyungang Soda Ash Sanyou Chemical Qingdao Soda Ash Ciech Shandong Haihua Group Co. Ltd. Tronox Limited Genesis Energy OCI Chemical DCW Limited
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

The global soda ash market is segmented by grade, manufacturing process, and application.

Based on grade, the global soda ash market is bifurcated into light, medium, and dense. 

The dense segment is the highest contributor to the market and is expected to grow during the forecast period. The product's high density and high quality are primarily responsible for this. These forms have emerged as critical primary resources in many sectors, including the glass manufacturing sector and the manufacture of detergents and paper. Soda ash's rising demand in chemical manufacturing and water purification is expected to propel the market forward over the next few years. However, the light category is anticipated to expand faster during the forecast period because of the increasing demand for soaps and detergents. For example, light ash is a crucial primary industrial alkali chemical in producing paste, powdered, and soap detergents.

Based on the manufacturing process, the global market is bifurcated into solvay, hou, and trona.

The trona segment is the highest contributor to the market and is expected to grow during the forecast period. Trona is a non-marine mineral that is commonly used in the industrial production of commercial soda ash. It comprises sodium bicarbonate and hydrated carbonate, evaporating in salt deposits. Animal feed containing trona is used as a dietary buffer to decrease metabolic disease risk and improve milk quality and yield. Among its many applications, this technology is used in the burning of garbage, the production of cement, the refining of precious metals, and the generation of electricity via burning coal. In addition, rising application across industries such as paper & pulp, chemicals, textiles, and water treatment is anticipated to drive future market revenue expansion.

Based on application, the global  market is bifurcated into glass manufacturing, metallurgy, dyes and coloring agents, synthetic detergents and fertilizers, pulp and paper industry, waste and water treatment, and others.

The glass manufacturing segment is the highest contributor to the market and is expected to grow during the forecast period. The ability of soda ash to lower temperatures explains why it is so widely used in producing soda-lime-silica Glass, the most common type of Glass, which finds widespread application in the construction, automotive, and food and beverage sectors. The acceleration of industrialization and urbanization is critical in expanding the global economy. Since Glass is used extensively in these fast-growing sectors, rising demand for Glass can be expected over the next few years. The market is expected to be boosted by the trend toward glass packaging over plastic packaging. Glass comes in a variety of sizes and shapes, including those that are ideal for making bottles and those that are flat and well-suited for use in solar energy systems, thus satisfying all demand and enticing suppliers to invest in the market in the coming years.

Market Size By Grade

Market Size By Grade
  • Light
  • Medium
  • Dense
  • Recent Developments

    • November 2022- French startup Solvay forms a partnership. Reusing Ostium in Disposable Surgical Tools.
    • November 2022- The Dallas-based Genesis Energy, L.P. has confirmed its attendance at the RBC Capital Markets Midstream and Energy Infrastructure Conference.

    Top Key Players

    Soda Ash Market Share of Key Players

    Soda Ash Market Share of Key Players
    Solvay FMC Haihua Group GHCL Tata Chemicals Nirma Huachang Chemical Hubei Shuanghuan Jilantai Salt Chemical Şişecam Group Yuanxing Energy Sichuan Hebang Corporation Limited BOTASH SA Lianyungang Soda Ash Sanyou Chemical Qingdao Soda Ash Ciech Shandong Haihua Group Co. Ltd. Tronox Limited Genesis Energy OCI Chemical DCW Limited Others

    Frequently Asked Questions (FAQs)

    What is the growth rate for the Soda Ash Market?
    Soda Ash Market size will grow at CAGR of 4.13% during the forecast period.
    Some of the top industry players in Soda Ash Market are, Tata Chemicals Ltd., Solvay SA, FMC Corporation, Bashkir Soda Company, Huanhua Tianxia Chemical Industry Limited, NIRMA Group, OCI Peroxygens LLC, ICI Pakistan Limited, SEQENS Group, GHCL Limited, Sisecam Group, Ciech Group, Orient Chemical Industries Co., Ltd., Tronox Holdings plc, Genesis Energy, LP, etc.
    North America has been dominating the Soda Ash Market, accounting for the largest share of the market.
    The Soda Ash Market has seen the most substantial growth rate in Asia-Pacific.


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