A new report on the global soda ash market reveals that Asia-Pacific represents the largest and fastest growing regional market for soda ash worldwide, also due to large-scale production of glass in China and India.
A new market research report shows that, due to large-scale production of glass in China and India, Asia-Pacific represents the largest and fastest growing regional market for soda ash worldwide.
The report recently published by Market Publishers Ltd., “Soda Ash: 2012 World Market Outlook and Forecast up to 2017”, was elaborated by Merchant Research & Consulting Ltd.
The report also suggests that the global soda ash market is performing well in this period, with the demand for the product forecast to reach pre-recession levels in the near-term.
Key soda ash application fields, such as flat glass and detergents, are expected to support future market growth.
Container glass and flat glass production are expected to see an annual growth of almost 3% and gain major share in the total glass industry, which will positively impact the worldwide soda ash market.
Asia-Pacific, driven by large-scale production of glass in China and India, represents the largest and fastest growing regional market for soda ash future years.
The consumption of soda ash in the Asia-Pacific is expected to grow at an estimated CAGR of 4.8% up to 2017. The mature markets of soda ash – the US, Western Europe and Japan – are projected to report a marginal growth in the long term.