Global Soda Ash Market is Estimated to reach $22,090.0 million by 2019 – A Report by MicroMarket Monitor
(PRWEB) April 16, 2015 -- The global soda ash market was valued at $16,407.0 million in 2014, and is projected to reach $22,090.0 million by 2019, at a CAGR of 6.1% from 2014 to 2019. The rising demand across several end-user industries and growing industrialization has resulted in the growth of global soda ash market.
Browse through the TOC of Soda Ash Market for an analysis of industry trends, segments & forecasts.
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Asia-Pacific held the largest share of the global soda ash market in 2014. This large share can be attributed to various factors, such as growth in industrialization, lower cost of production in the region, and rise in demand from end-users. The growth of the dominant companies operational in the market and increased pressure from the fast-growing economies of China, India, and Russia has further led to growth of the global soda ash market.
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Based on application, the global soda ash market has been segmented into glass, chemical, soap, metallurgy, water treatment, pulp & paper, and others. The glass segment held the largest share of 51.0% of the global soda ash market in 2014. In terms of value, this segment is expected to grow at a CAGR of 6.4% from 2014 to 2019. The soap segment of the global soda ash market is projected to grow at a CAGR of 6.1% during the forecast period.
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The global soda ash market report depicts the current and future projections according to the parallel economic and industrial outlook, in terms of both value and volume. This analysis covers the important developments, expansions, agreements, and mergers & acquisitions of the leading companies operational in the market.
The major players operational in the global soda ash market are China Soda Ash Industries Co. Ltd. (China), Tata chemicals (India), Solvay SA (Belgium), FMC Corporation (U.S.), Nirma limited (India), Ciech group(Poland), OCI chemicals (Korea), Shandong China (China), and Tangshan Sanyou Chemical Industries (China).
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http://www.micromarketmonitor.com/market/europe-soda-ash-sodium-carbonate-8680660784.html
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