Global Sodium Carbonate Market (Business Opportunities - Marketing & Sales)
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Global Sodium Carbonate Market | |
Global Sodium Carbonate Market was valued at USD 18.14 Bn in 2019, and is expected to reach US$ 23.54 Bn by 2026, at a CAGR of 3.31% over forecast period 2020-2027. Global Sodium Carbonate Market Global Sodium Carbonate Market Scenario: Sodium carbonate (washing soda, soda ash and soda crystals) is an inorganic compound with the formula Na2CO3 and its various hydrates. Sodium carbonate occurs naturally in arid regions. It is found in the form of deposits on locations where lakes evaporate. Increasing demand for sodium carbonate from various industries is mainly driving the market growth. For instance, sodium carbonate is heavily used in water treatment applications, pulp and paper applications, chemical industries, soap & detergent industry and in glass manufacturing. Moreover, increasing demand for sodium carbonate for brine treatment, coal treatment and desulphurization of flue gas is boosting market growth over forecast period. Sodium carbonate finds major consumption in industries as well as households for removal of hardness in water and pH adjustment of water. Sodium carbonate is also used as a catalyst for resin regeneration through ion exchange. However, factors such as challenging disposal of effluents formed during the production process and strict regulation on effective waste management by government authorities are restraining the global sodium carbonate market growth. Emerging industrial economies in Asia Pacific, Latin America and MEA& Africa are expected to create lucrative opportunities for sodium carbonate market. Global Sodium Carbonate Market Segmentation Analysis: Global Sodium Carbonate Market is segmented by Product Type, by End users and by Region. By end users market is segmented into Glass, Detergents, Water Treatment, Chemical, Brick Industry, Pulp & Paper and Others (Soap, Cooking, and Rayon). Among all of these glass end user segment held highest market share in 2019 and expected to keep its dominance over forecast period. Sodium carbonate serves as a flux for silica, lowering the melting point to something achievable without special materials. This "soda glass" is mildly water-soluble, so some calcium carbonate is added to the melt mixture to make the glass insoluble. The next-leading end user industry is soap and detergent. Sodium carbonate is incorporated in powdered soaps, detergents, and various specialty cleaning products for household, industrial, and commercial applications. It is added in order to emulsify oil stains, reduce redeposition of dirt in wash cycles, provide alkalinity for cleaning, and soften laundry water. Global Sodium Carbonate Market Regional Analysis: Geographically, Global Sodium Carbonate Market is segmented into North America, Europe, MEA& Africa and Latin America. Among all of these Asia-Pacific held 36% market share in 2019 and is expected to keep its dominance over forecast period. Market is driven by higher demand into waste water treatment, paper and pulp and chemical industry in the region. China is the largest consumer for sodium carbonate in Asia pacific region. Rising demand for paper pulp owing to increasing application in writing pad, carry bags and corrugated cardboard and other packaging uses may propel the sodium carbonate demand over forecast period. Asia-Pacific is followed by North America and Europe as second and third largest market for sodium carbonate market. Growth of detergent industry in U.S. and Canada owing to rising demand of durable and more effective cleansing agents is propelling the market growth in this region. Sodium carbonate is used as an additive in detergents and soaps to improve their cleansing properties. Europe sodium carbonate is led by Italy, Spain, France, UK and Germany. Rising demand for glass owing to its increased application in commercial, residential buildings and packaging industries is driving the market in this region. | |
| Target Nation: All Nations Target City : All Cities Last Update : 23 July 2020 Number of Views: 35 | Item Owner : ashwini Contact Email: (None) Contact Phone: (None) |
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2020-09-30 (0.073 sec)