October 13, 2021
According to the report titled ‘Sodium Carbonate Market Size By Type (Natural, Synthetic), By End-Use (Flat Glass, Container Glass, Other Glass, Soaps & Detergent, Chemicals, Mining), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021- 2027’, available with MarketStudyReport, sodium carbonate market is expected to record strong CAGR during 2021-2027.
Increased product demand from an array of verticals including food & beverage, pharmaceutical, and water treatment is driving the sodium carbonate market expansion. While sodium carbonate is generally used to make glass, it is also utilized in production of soaps, detergents, and mining metals.
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Based on end-use scope, the industry has been divided into container glass, flat glass, other glass, soap & detergent, chemicals, mining, and others. Over the projection period, the other glass segment is expected to grow at a CAGR of 2.4%, owing to product usage as insulating material, structural component, and exterior glazing material in construction sector. It is also used to make exquisite arrangements on the rear of the building, as well as traditional windows. Surging demand for glass dinnerware, home appliances, and laboratory glassware will boost the segmental share.
In terms of regional gains, global sodium carbonate market spans across North America (U.S., Mexico, Canada), Latin America (Argentina, Brazil), Europe (UK, France, Italy, Russia, Germany, Spain), Asia Pacific (India, China, Japan, South Korea, Thailand, Australia), Middle East & Africa(Saudi Arabia, South Africa, UAE).
The Middle East & Africa market, in particular, is projected to witness a growth of 3.2% by the end of 2027, on account of thriving chemical sector, resulting in abundance of silica sand and soda ash, both of which are used to make high-quality dolomite and limestone. Also, set-up of new mining facilities and production plants is the region will further stimulate the regional market outlook.
The competitive landscape of worldwide sodium carbonate market includes companies like B.S.C. Inc., Shandong Haihua Group Co. Ltd., Solvay S.A., Ciner Group, GHCL Limited, Hawkins Inc., Resources Corporation, Seidler Chemical Co., Tata Chemicals, Lianyungang Soda Ash Co. Ltd., Nirma Ltd., Tangshan Sanyou Group Co. Ltd., CIECH S.A., Sisecam, and Genesis Alkali among others.