Soda Ash Market Is Estimated To Grow At A CAGR Of 4.0% Till 2029- FMI

Pegged at a steady CAGR, global revenue of soda ash market is set to US$ 25,285.6 Mn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

Request a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11085 

Key Takeaways of Soda Ash Market Study

• Glass & ceramics hold a majority share in the global soda ash market.
• Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
• Sustainability would remain key strategic focus of market leaders through 2029.
• Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
• Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

Feel free to ask your queries at https://www.futuremarketinsights.com/ask-question/rep-gb-11085 

Know More About the Report

FMI’s study offers an in-depth market forecast and analysis on the soda ash market. The major categories encompassed by the report include density (light and dense), end-use (water treatment, chemicals, metallurgy, paper & pulp, soaps & detergents, glass & ceramics) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Polymer Fillers Market: The global polymer fillers market reached US$ 33.4 Bn in 2021. With sales growing at a 4.5% CAGR, reaching US$ 34.7 Bn in 2022.

Asia Neopentyl Glycol (NPG) Market: The Asia neopentyl glycol market is estimated to reach a valuation of US$ 718.7 Mn in 2022. Sales are projected to increase at a healthy 5.1% CAGR, pushing the market size to US$ 1,186.5 Mn in 2032.

Wood Charcoal Market: Market of wood charcoal to witness a year over year growth of 2.3% in 2022 reaching a value of about US$ 21,014.6 Mn by the end of 2022. 

N - Methyl Pyrrolidone (NMP) Market: Growing demand for N - Methyl Pyrrolidone (NMP) from various end-use sectors around the world such as petrochemicals, paints & coatings, agrochemicals, and others is likely to drive up demand over the forecast period.

Ethylene Dichloride Market: Sales in the global ethylene dichloride market are slated to top US$ 19.2 Bn in 2022. With sales growing at a steady 3.7% CAGR, the market size is projected to total US$ 24.0 Bn by 2028.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: 

Future Market Insights, 

Unit No: 1602-006 

JumeirahBay 2 

Plot No: JLT-PH2-X2A 

JumeirahLakes Towers 

Dubai 

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com 

Website: https://www.futuremarketinsights.com/ 

Report: https://www.futuremarketinsights.com/reports/soda-ash-market 

LinkedIn|Twitter|Blogs

© Scoop Media