Key Players in the Market: Solvay SA (Belgium), Tata Chemicals Limited (India), FMC Corporation (U.S.), OCI Chemical Corporation (U.S.), Nirma Limited (India), Ciech SA (Poland), Soda Sanayii AS (Turkey).
(PRWEB) March 31, 2015
The report Soda Ash Market defines and segments the global market with analysis and forecasting of volume consumed and value generated. The soda ash consumption is projected to grow from 56,787 KT in 2014 to 67,120 KT by 2019, at a CAGR of 3.4% during the same period.
Browse 65 market data tables and 46 figures spread through 125 pages and in-depth TOC on “Soda Ash Market".
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The global market for soda ash is growing moderately, with Asia-Pacific leading consumption, followed by Europe and North America. The soda ash industry is segmented by its end-use application. Glass and soaps and detergent consume the maximum of soda ash produced globally. In terms of value the market is growing at a CAGR of 6.13% between 2014 and 2019.
This report follows both top-down and bottom-up approaches to estimate and forecast the global Soda ash market by volume and value. This report focuses on the global Soda ash market by its applications and region.
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Favorable glass industry and the increasing demand from soaps & detergent industry makes Asia-Pacific an attractive market for capacity expansion. Asia-Pacific is the fastest growing market for soda ash across the world, followed by Europe and North America. China is the world’s largest consumer for soda ash products. Moreover, India, China and the U.S. are top three fastest growing countries across the world between 2014 and 2019
The opportunities are cited in growing residential requirements in China and India; and fast growing countries in South East Asia. Soaps & detergent industry is also expected to present opportunities, supported by favorable growth in chemical industry, the overall soda ash market remains attractive for coming years.
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