July 20, 2021
As cited by the research report titled ‘Sodium Carbonate Market Size By Type (Natural, Synthetic), By End-Use (Flat Glass, Container Glass, Other Glass, Soaps & Detergent, Chemicals, Mining), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021- 2027’, available with Market Study Report LLC, global sodium carbonate market is projected to expand significantly over 2021-2027.
Rising product demand from food & beverages, water treatment, and pharmaceutical industries is primarily driving the global sodium carbonate market growth. Notably, sodium carbonate, an alkaline salt, is used in production of glass, and also finds usage in manufacturing detergents, soaps, and mining metals.
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Based on type, the industry is segmented into natural and synthetic. Considering end-use range, the marketplace is divided into container glass, flat glass, other glass, chemicals, soaps & detergent, mining, and others.
It is to be noted that glass is used as an insulating material, exterior glazing material, and a structural component in the construction industry. Increased demand of home appliances and tableware that use glass as well as usage of laboratory glassware is hence responsible for the other glass segment to expand at 2.4% CAGR over the forecast timeline, cites the report.
Meanwhile, the others segment comprising of the domains like water treatment, food & beverages, and pharmaceuticals, held 18.5% volume share in 2020 and is poised to expand lucratively during the estimated timeframe. This can be credited to increasing consumption of alcoholic & non-alcoholic beverages fueling the glass packaging industry, along with rising use of glass in the pharmaceutical sector owing to its ability to remain germ-free after cleaning.
As per geographical analysis, North America, Middle East & Africa, Asia-Pacific, Europe, and Latin America are the major contributors to the overall industry value. The report cites that Middle East & Africa sodium carbonate market is anticipated to witness a CAGR of 3.2% and generate huge returns over 2021-2027. Middle East has a well-built chemicals industry, abundant in silica sand and soda ash, which are used in making high quality dolomite and limestone. Moreover, upcoming soda ash production plant in the region will bolster the regional production significantly. Likewise, Africa is known for its rich resources along with its capability to produce light as well as dense variants of soda ash, backing more mining facilities and production plants in the region.
Prominent players influencing the worldwide sodium carbonate industry trends are Tangshan Sanyou Group Co. Ltd., Hubei Yihua Group LLC, Shandong Haihua Group Co. Ltd., Sisecam, CIECH S.A., Genesis Alkali Wyoming LP, Nirma Limited, Ciner Resources Corporation, Solvay S.A., Seidler Chemical Co Inc., Lianyungang Soda Ash Co. Ltd., and GHCL Limited.