Research and Markets has announced the addition of the “Global Soda Ash Market: Trends Analysis & Forecasts to 2022” report to its offering. The demand for glass in the construction sector in Asia-Pacific is expected to fuel the growth of the global soda ash market during the forecast period.
The global soda ash market was valued over USD 16.0 billion in 2014. In terms of volume, the size of global soda ash market was more than 55.5 million tons in 2015. The soda ash market is projected to grow with a CAGR of 6% to 6.5 % from 2016 to 2022.
Soda ash has significance in metallurgical processes of removing calcium, phosphorous and sulphur from certain ferrous as well as nonferrous ores. Moreover, it is widely used in the recycling processes of aluminium and zinc. Due to its high solubility, it finds applications in various chemical industries for manufacturing products, such as coloring agents, dyes, fertilizers, synthetic detergents as a raw material. In industries such as enamelling and petroleum, soda ash has importance as a chemical agent. Soda ash has useful environmental applications such as improving the alkalinity of those lakes that are affected by acid rain and in reducing the acid presence in the emissions from power plants.
Fluctuation in energy prices is one the of key restraining factors which is likely to adversely impact the growth of the soda ash manufacturing industry, as it consumes lots of energy. The change in the economic models in the soda ash production industry is expected to drive the market towards transformation.
The soda ash alternatives such as caustic soda, sodium silicate and some others are expected to pose serious threats to soda ash during the forecast period.
Company Profiles:
CIECH SA
FMC Corporation
GHCL Limited
General Chemical Industrial Products Inc
Lianyungang Soda Ash
Nirma limited
Oriental Chemical Industries
Soda Sanayii AS
Tata Che
For more information about this report visit http://www.researchandmarkets.com/research/3zdlkr/global_soda_ash