Global Soda Ash Market to Record 3.30% CAGR During 2019-2024

July 28, 2020

According to the research report titled ‘Global Soda Ash Market (Volume, Value): Analysis By Product Type, Process Type , By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)?-- By Region (North America, Europe, APAC, ROW), By Country available with Market Study Report LLC, global soda ash market is set to register 3.30% CAGR between the years 2019 and 2024.

The report divides global soda ash industry into various segments based on product type, process type, application range, and regional scope. The process segment, which is further bifurcated into synthetic and natural, is predicted to expand significantly during the study duration. Increasing production and widespread adoption of soda ash in glass industry is fueling the segmental share.

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As per product type, worldwide soda ash market is split into dense and light. The application scope of the market comprises of metallurgical, chemical, soaps & detergents, and glass & ceramics segments.

Considering the geographical landscape, global soda ash market is fragmented into North America, Europe, Asia-Pacific and rest of the world, with primary focus on Mexico, Brazil, India, China, France, Germany, Canada, and the U.S.

The report states that North America accounted for a considerable market share in the year 2018 and is expected to grow consistently during the forecast period.

Meanwhile, Asia-Pacific soda ash industry is also estimated to generate substantial revenues in the forthcoming years. High concentration of soda ash manufacturers in China and India along with increasing utilization of the product for manufacturing detergents and soaps are contributing towards the market growth in Asia-Pacific.

The prominent companies operating in global soda ash industry are Tangshan Sanyou Chemical Industries Co. Ltd., Ciech SA, Shandong Haihua Co Ltd., Nirma Limited, Genesis Alkali, Ciner Resources Corp., Tata Chemicals Ltd., and Solvay SA among others.

Notably, the research report on global soda ash market delivers crucial information and statistics pertaining to this business space. It discloses growth factors, current and predicted market share, and size over the estimated timeframe. The document provides with top-notch market intelligence which further allows for proper decision making during investment evaluation. Additionally, the study also elaborates on the market development trends such as growth factors, opportunities and challenges & limitations impacting the industry vertical.

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