Soda Ash Market Analysis, Growth, Trends To 2022: Grand View Research, Inc.

Soda Ash Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2015 To 2022
Global soda ash market growth is majorly driven by growing glass industry on
account of increasing construction and packaging applications. China held over
30% of global glass production in 2013 and is anticipated to foresee a rise due to
infrastructural improvement at domestic level. Growing glass production in China
is expected to play an important role in fuelling soda ash market demand over the
next seven years. Soda ash finds its application in the production of soaps,
detergents and numerous chemicals. Rising production output of these products in
China and India on account of increasing raw material availability due to positive
downstream oil & gas industry outlook is expected to augment soda ash market.
Rising awareness towards softening of hard water for drinking applications is
anticipated to fuel soda ash demand over the projected period.
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Asia Pacific is anticipated to be one of the promising markets for soda ash on
account of application growth of construction, packaging and detergents industries
in China, India, Thailand, Indonesia and Malaysia. Robust manufacturing base of
flat glass in Germany is expected to have a positive impact on market in the near
future. European Commission framed numerous regulations for reducing VOC
emissions, which is anticipated to restrict soda ash production and may challenge
market growth. Middle Eastern governments are aiming to reduce reliance on
domestic energy industry and framed various initiatives to promote investments in
construction, automotive and chemical industries at domestic level. As a result,
Middle East is anticipated to witness industrial growth in aforementioned sectors
and likely to open new market avenues for soda ash over the forecast period.

Key market players include MC Minerals, TATA Chemicals, TangShan Sanyou
Chemical, OCI Solvay and Penrice Soda Holdings Ltd. In July 2013, governments
of Belarus and China signed a joint venture agreement and announced construction
of a soda ash plant in the near future. Government of India framed Draft National
Policy in 2014, aimed at increasing country’s share in global chemical industry
from 3% in 2014 to 6% over the next decade. This regulatory move in India is
anticipated to facilitate new investments in soda ash market over the forecast
period.

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
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