Soda Ash Market
Soda Ash Market is Expected to Surpass US$ 17.5 Bn by2029 | Future Market InsightsMarch 2020Report Id : REP-GB-11085Published On : 21-Feb-2020Category : Chemicals and Materialswww.futuremarketinsights.com I @futuremarketins I /company/future-market-insightswww.futuremarketinsights.com © 2019 Future I @futuremarketins Market Insights, All I Rights /company/future-market-insightsReserved
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Soda Ash Market is Expected to Surpass US$ 17.5 Bn by
2029 | Future Market Insights
March 2020
Report Id : REP-GB-11085
Published On : 21-Feb-2020
Category : Chemicals and Materials
www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights
www.futuremarketinsights.com © 2019 Future I @futuremarketins Market Insights, All I Rights /company/future-market-insights
Reserved
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Soda 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.
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Soda 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.
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Soda 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/579712/Soda-Ash-Market-Revenues-to-Reach-
US-175-Bn-Through-2029-Sustainability-Trend-to-Remain-the-Silent-Shaper-Future-Market-
Insights
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Soda 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
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• Bioplastics in the Automotive Market
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Soda Ash Market Analysis
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