The Sodium Carbonate Market is projected to grow at a CAGR of 6.3% between 2023 and 2030, reaching USD 23.59 billion.
According to the planet Bank Group, 2.1 billion people lack dependable access to safe water services, and among those, 844 million people don't have access to basic beverage facilities. Sodium carbonate is globally used as a water softener which neutralizes the harmful bacteria present in water. The imperative need for safe water across the world is driving key players within the market to expand their operations and supply water treatment. The necessity for safe drinking water will result in increased opportunities within the global sodium carbonate market.
Sodium carbonate, popularly referred to as bicarbonate of soda within the food and beverages industry, is massively utilized in production of confectionary products like cakes, breads, muffins, and chocolates. The demand for these products is usually on an increase, attributable to the recognition they enjoy among all ages group in society. Bread is considered as a staple foodstuff in European countries. Thus, growing demand for confectionary and baked products is probably going to support the sodium carbonate market growth.
Soda ash or sodium carbonate is employed for pulping and bleaching processes to balance the pH levels. The ingredient contributes to multiple pulp bleaching applications like the hydrogen peroxide bleaching and caustic extraction of chemical or mechanical pulps. The increased manufacturing of bleaching products from the chemical companies is driving the worldwide sodium carbonate market.
Covid-19 Impact on Sodium Carbonate Market:
The ongoing COVID-19 pandemic condition has severely affected every sector around the world. Whereas, the chemicals and materials sectors moderately affected during the pandemic. This is primarily due to uncut demand of chemicals for healthcare, life science and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing diminution in demand. Strict lockdown resulted in nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end use industries directly affected the chemical demand all around the world.
Sodium Carbonate Market Segment Overview
Sodium Carbonate Market fragmented into by product and by application. Among the product segmentation .Synthetic sodium carbonate offers the advantage of convenient manufacture using easily available raw materials like limestone, brine and coke which also are relatively cheaper. The assembly process doesn't require access to natural ores like Trona or nahcolite. Synthetic product demand within the U.S. is projected to surpass USD 20 million within the forecast period.
Synthetic sodium carbonate has the potential to be produced by a good range of production processes like Solvay Ammonia Process, Leblanc Process and Modified Solvay process or Hou’s Process. The product comprises a dominant share in overall sodium carbonate market which indicates easy availability. However, rising specialise in sustainability and increasing preference for natural ingredients have increased consumer preference for natural soda ash due to reduced emissions and energy requirements in its production.
Market Analysis, Insights and Forecast – By Product
· Natural
· Synthetic
Market Analysis, Insights and Forecast – By Application
· Glass
· Detergents
· Water Treatment
· Sodium Chemicals
· Pulp & Paper
· Carbonate Chemicals
· Others
Sodium Carbonate Market Regional Overview
Region-wise, in terms of regions, The Asia Pacific is that the largest consumer also as producer of sodium carbonate. Major industrial economies including China, India, Japan, Thailand, Taiwan, Indonesia, and South Korea are the main consumers of washing soda for application in wastewater treatment, paper and pulp, and industry. Two of the foremost populated countries, China and India are situated in Asia. Both these countries are growing rapidly and witnessing rising income and buy power parity of the overall population. This high growth has result in the expansion of end-use products of washing soda like detergents and glass. North America is another major consumer of washing soda, especially in detergent and wastewater treatment applications. Within the remainder of the planet, Brazil, Argentina, Venezuela, and South Africa contribute to major demand for the market, especially within the glass manufacturing industry. Europe is predicted to witness comparatively slower growth than other regions due to stringent regulations against environment polluting chemicals. There’s a really low scope of capacity expansion within the developed regions of North America and Western Europe because of over capacities, high land, and labor costs, and stringent regulations. China and India are the simplest prospects for capacity expansion to serve the local demand.
Sodium Carbonate Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Sodium Carbonate Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Sodium Carbonate are highlighted below.
· In December 2019, Tata Chemicals, a leading sodium carbonate producer announced the acquisition of the remaining 25% share of its subsidiary Tata Chemicals North America which should allow the corporate to simplify its business architecture.
Sodium Carbonate Market, Key Players
· CIECH S.A.
· Solvay S.A.
· OCI Chemical Corporation
· Tata Chemicals Limited
· Genesis Energy Limited
· Nirma
· GHCL Limited
· Orison Chemicals Limited
· WE Soda Ltd
· Haohua Honghe Chemical Co Ltd
· FMC Corporation
· Innova Corporate.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Sodium Carbonate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Natural
- 5.2.2. Synthetic
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Glass
- 5.3.2. Detergents
- 5.3.3. Water Treatment
- 5.3.4. Sodium Chemicals
- 5.3.5. Pulp & Paper
- 5.3.6. Carbonate Chemicals
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East, and Africa
6. North America Sodium Carbonate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Natural
- 6.2.2. Synthetic
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Glass
- 6.3.2. Detergents
- 6.3.3. Water Treatment
- 6.3.4. Sodium Chemicals
- 6.3.5. Pulp & Paper
- 6.3.6. Carbonate Chemicals
- 6.3.7. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Sodium Carbonate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Natural
- 7.2.2. Synthetic
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Glass
- 7.3.2. Detergents
- 7.3.3. Water Treatment
- 7.3.4. Sodium Chemicals
- 7.3.5. Pulp & Paper
- 7.3.6. Carbonate Chemicals
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Sodium Carbonate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Natural
- 8.2.2. Synthetic
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Glass
- 8.3.2. Detergents
- 8.3.3. Water Treatment
- 8.3.4. Sodium Chemicals
- 8.3.5. Pulp & Paper
- 8.3.6. Carbonate Chemicals
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Sodium Carbonate Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Natural
- 9.2.2. Synthetic
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Glass
- 9.3.2. Detergents
- 9.3.3. Water Treatment
- 9.3.4. Sodium Chemicals
- 9.3.5. Pulp & Paper
- 9.3.6. Carbonate Chemicals
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. CIECH S.A.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Solvay S.A.
- 10.6. OCI Chemical Corporation
- 10.7. Tata Chemicals Limited
- 10.8. Genesis Energy Limited
- 10.9. Nirma
- 10.10. GHCL Limited
- 10.11. Orison Chemicals Limited
- 10.12. WE Soda Ltd
- 10.13. Haohua Honghe Chemical Co Ltd
- 10.14. FMC Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
