Global Sodium Carbonate Market

Posted February 22, 2021 by ashwini

Global Sodium Carbonate MarketGlobal Sodium Carbonate MarketGlobal 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 the forecast period 2020-2027.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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 in 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 glass manufacturing. Moreover, increasing demand for sodium carbonate for brine treatment, coal treatment, and desulphurization of flue gas is boosting market growth over the 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 of Asia Pacific, Latin America, and MEA& Africa are expected to create lucrative opportunities for the sodium carbonate market.

Global Sodium Carbonate Market Segmentation Analysis:

Global Sodium Carbonate Market Segmentation by Product Type, by End-users, and by Region.

By end-users, the market is segmented into Glass, Detergents, Water Treatment, Chemical, Brick Industry, Pulp & Paper, and Others (Soap, Cooking, and Rayon). Among these, the glass end-user segment held the highest market share in 2019 and expected to keep its dominance over the 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, the Global Sodium Carbonate Market is segmented into North America, Europe, MEA& Africa, and Latin America. Among these, the Asia-Pacific held a 36% market share in 2019 and is expected to keep its dominance over the forecast period. The market is driven by higher demand for wastewater treatment, paper and pulp, and chemical industry in the region. China is the largest consumer of sodium carbonate in the 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 the forecast period.

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Contact Email [email protected]
Issued By asini
Country India
Categories Accounting
Tags Global Sodium Carbonate Market
Last Updated February 22, 2021