Persistence Market Research has released its latest report – “Soda Ash Market: Global Industry Analysis and Forecast to 2015 to 2021″.
Soda ash is used in manufacturing flat glass which is used in modern construction activities, and the market has seen huge demand from the building and construction industry in past few years. Increasing demand from end-user industries such as automotive from emerging countries has been one of the major factors for the growth of flat glass, which has also increased demand for soda ash.
There are several other major factors driving the soda ash market: the increased demand for powder detergents from developing countries, and other various applications such as metallurgy, personal care and water treatment. This rising demand by the personal care and water treatment industries is expected to open new markets for the soda ash market during the forecast period.
Although increasing demand for soda ash from fiberglass and silicates is likely to provide major opportunities for soda ash market during the coming years, strict regulations faced by soda ash industry are anticipated to hider market growth.
Asia Pacific is anticipated to be one of the fastest growing markets for soda ash due to increasing demand for glass and detergents from emerging countries such as India, Indonesia and Korea among others. The market in this region has been led by China, however according to the report, India is likely to provide better opportunities for the market owing to increasing consumption from various end-user industries.
Asia Pacific was followed by Europe. Increasing demand from modern construction activities has been driving the market for flat glass in Europe, thus driving the demand for soda ash, with Germany, the UK, France and Italy being the major consumers in the region. Again, industry regulations are likely to stagnate the growth of the market.
North America had the third-largest demand for soda ash in 2012. Increasing demand from glass and detergent industry were driving the growth of the market in this region. The US had the largest demand for soda ash owing to huge demand from industries such as building and construction, personal care and automotive among others. The Rest of the World market is anticipated to show potential growth for the soda ash market in near future, with Latin America anticipated to be among the forerunners.
The market for soda ash is fragmented however, various manufacturers have dominated in particular regions. Some of the key manufacturers are Gujarat Heavy Chemicals Ltd., Solvay Chemicals Inc., OCI Chemicals Corporation and Tata Chemicals among others. More information on the report is available on the company website.