Uploaded on Jul 15, 2019
Sodium Carbonate Market
Sodium Carbonate Market
Sodium Carbonate Market - Quantitative Market Analysis, Current and Future Trends
Sodium carbonate, commonly known as soda ash or washing soda, is an inorganic compound
with chemical formula (N2CO3). Sodium carbonate is a solid substance, which is odorless, white
in color, amorphous, hygroscopic, and soluble in most solvents including water. It is alkaline in
nature and forms a strong alkaline solution when dissolved in water. It is extracted from ashes of
plants that are sodium-rich. It is also produced from sodium chloride and limestone with a
process called as ‘Solvay Process’. Although sodium carbonate has low toxicity, prolonged
exposure to eyes or skin could cause irritation. In fact, the ingestion of sodium carbonate could
cause nausea, vomiting, diarrhea, and stomach ache.
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Market Players
Major players operating in the global sodium carbonate market include Solvay, J M Loveridge
Plc., Tata Chemicals (Soda Ash) Partners, and Merck Millipore.
Market Outlook
Global sodium carbonate market size was valued at US$ 17.32 billion in 2017, exhibiting a CAGR
of 2.54%, during the forecast period (2019-2027). Increasing demand for sodium carbonate from
various industries is expected to boost the market growth. For instance, sodium carbonate is used
in water treatment applications, pulp and paper applications, and chemical industries. Increasing
demand from these industries is expected to propel growth for the market. Furthermore, sodium
carbonate is majorly used in the soap and detergent industry and accounted for 15% of its global
consumption in 2016. Increasing demand from these industries is expected to boot the market
growth during the forecast period. Sodium carbonate or soda finds applications in glass
manufacturing industry as well. Growing glass manufacturing industry and increasing demand for
sodium carbonate is expected to impel the market growth.
However, challenging disposal of effluents formed during the production process and strict
regulation on effective waste management by government authorities is expected to hinder global
sodium carbonate market growth.
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Market Regional Analysis
Asia Pacific region accounts for the largest market share in the global sodium carbonate market
during the forecast period. Increasing demand for sodium carbonate from emerging economies
such as India, Japan, China, South Korea, Taiwan, Indonesia, and Thailand is expected to boost
the market growth in the near future. Moreover, India and China are the two of the most
populated countries in the region and increasing disposable income and purchase power parity is
expected to boost the demand for sodium carbonate and subsequently support the market growth.
Furthermore, North America and Europe have a very low rate of growth, due to high labor and
land cost, stringent regulations.
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