According to the research report titled ‘Global Soda Ash Market Size study, by Application (Glass, Chemicals, Soaps & Detergents, Metallurgy, Water Treatment, Pulp & Paper, and Other) and Regional Forecasts 2021-2027’, available with Market Study Report, global soda ash market was valued at USD 17.8 billion in 2020 and is reckoned to record a compound annual growth rate of 4.2% over 2021-2027 to accumulate USD 23.74 billion by the end of the analysis timeframe.
 

Rising product demand for detergent & soap manufacturing is one of the major factors catalyzing the growth of global soda ash market. Moreover, glass sector uses soda ash as raw material, which is also propelling overall industry remuneration.
 

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As per a report given by the United States Geological Survey, global production of soda ash in 2019 was 56,800 metric tons, which comprised 15,800 metric tons of natural and 41,000 metric tons of synthetic soda ash.
 

Additionally, increasing applications of soda ash in different households products is also fueling the industry expansion.
 

For the unversed, soda ash, also known as sodium carbonate, is an odorless powder that is not combustible, explosive, or hazardous. It is an alkali chemical extracted from trona ore. Dense soda ash is is mainly adopted in producing industrial chemicals, while light soda ash is used in various industrial processes as a pH regulator.
 

Despite the positive outlook, constant fluctuations in raw material prices as well as unstandardized environmental laws and norms regarding the use of chemicals are likely to hamper worldwide soda ash market development over the projected timeframe.
 

As per expert verbatim, Europe, North America, Latin America, and Asia Pacific are the major benefactors to industry valuation. Among these, North America currently holds a major market share, owing to low cost of natural products used in the manufacturing process.
 

On the other hand, Asia Pacific industry is anticipated to grow significantly over the assessment period, driven by flourishing glass sector, increasing discretionary income, and surging production capacity of end use verticals.
 

Speaking of the competitive landscape, Orient Chemical Industries Co., Ltd., FMC Corporation, Soda Sanayii A.S., Solvay SA, DCW Ltd., OCI Company Ltd., GHCL Ltd., Tata Chemicals Ltd., Nirma Ltd., and CIECH S.A. are the major players influencing worldwide soda ash industry trends.