San Jose, California (PRWEB) May 08, 2014
Follow us on LinkedIn – Fueled by strong demand for flat glass in the construction and automotive industries in emerging economies, demand for soda ash is expected to register significant growth in the coming years. Optimization of production capacity to balance supply and demand in Europe and China strengthened the market in recent years. In addition, the discovery of natural soda ash reserves in African nations, such as Tanzania and Kenya, is expected to further benefit the market in the coming years. After being hit by the 2007-2009 world economic recession, global sales of soda ash is improving mainly due to increased demand in developing countries. While glass remains the largest end-user sector for soda ash, emerging applications in soaps, detergents, and waste water and effluent treatment bode well for the market.
Overcapacity represents a challenge plaguing the global soda ash market. However, with demand for soda ash projected to pick up in the coming years, coupled with strategic decisions by major producers to close existing plants and curtail production, supply-demand gap is expected to narrow in the immediate term. China, the United States, Russia, India, and Turkey are the five major producers of soda ash. China commands a dominant presence in the global synthetic soda ash market and supplies about three-quarters of the total world demand. The United States is the largest supplier of naturally produced soda ash. The cheaper cost of production of natural soda ash when compared to the synthetic production method, augurs well for the US soda ash market.
As stated by the new market research report on Soda Ash, Asia-Pacific and Europe represent the largest markets worldwide. Asia-Pacific is spearheading global growth backed by China. The US and Europe represent mature markets with moderate growth patterns. China represents the fastest growing market driven by increasing export demand, and strong regional production. Growth will also be driven by emerging markets, such as India, Latin American nations, primarily Brazil, and also the Middle East and African markets. Soda ash growth in these markets is primarily driven by the booming construction and automotive industries and increased flat glass production. Glass represents the largest end-use sector supported by increasing use of glass in construction, automotive, and food packaging industries worldwide.
Major players covered in the report include Ciech Chemical Group, Dahua Group Dalian Chemical Industry Co. Ltd., DCW Ltd., FMC Corporation, GHCL Ltd., ICI Pakistan Ltd., Lianyungang Soda Plant, Nirma Ltd., OCI Chemical Corporation, Penrice Soda Holdings Ltd., Shandong Haihua Group, Soda Sanayii A.S., Solvay S.A., Tangshan Sanyou Group, Tianjin Soda Plant, and Tata Chemicals Ltd., among others.
The research report titled “Soda Ash: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of growth drivers, market trends, issues, segmental analysis, mergers, acquisitions, and other strategic industry activities of major companies. The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), the Middle East and Africa, and Latin America (Brazil and Rest of Latin America). The global and regional markets for soda ash are analyzed, in volume and value terms, by the following product segments: Glass (Container glass, Flat glass, Fiber glass, and Other glass), Chemicals, Soaps and Detergents, Pulp and Paper, Fluegas Desulfurization, Waste water treatment, and Others.
For more details about this comprehensive market research report, please visit: http://www.strategyr.com/Soda_Ash_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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