Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.83 Billion | USD 17.33 Billion | 6.5% | 2023 |
According to a report from Zion Market Research, the global Sodium Carbonate Market was valued at USD 9.83 Billion in 2023 and is projected to hit USD 17.33 Billion by 2032, with a compound annual growth rate (CAGR) of 6.5% during the forecast period 2024-2032.
This report explores market strengths, weaknesses, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and future prospects that may emerge in the Sodium Carbonate Market industry over the next decade.
Sodium carbonate also referred to as soda ash is manufactured through two routes. One is a synthetic chemical process known as the Solvay ammonia soda process and the second one is treating naturally mined trona ores. Furthermore, the compound is utilized in producing glass, detergents, and soaps and finds huge applications in chemical sector.
Additionally, it is also used in pulp & paper industry, flue gas desulfurization, and water treatment owing to its beneficial features such as non-toxicity & combustibility. In addition to this, sodium carbonate is utilized for neutralizing acidity and preventing corrosion of the substance.
Massive use of sodium carbonate in the production of glass containers, fiber insulation, and flat glass will boost demand for sodium carbonate in the near future. Apart from this, utilization of the compound in wastewater treatment, purifying water, and petroleum refinement will embellish the growth of the sodium carbonate market in forthcoming years. Additionally, the use of sodium carbonate as a mordant in fabric dyeing, as a catalyst in coal to liquid fuel conversion process, and in cotton & linen fabric bleaching will result in prominent inflation in market size.
Moreover, sodium carbonate is used as an emetic and also utilized in personal care & cosmetic products due to the ability of the compound in cleaning rashes on skin, thereby spurring business trends. Reportedly, it has been found that use of sodium carbonate does not cause serious health issues and this will further enhance product penetration in various industries.
Furthermore, large-scale use of the compound in photography and fabrics as well as water softener in laundries will create lucrative growth avenues for the sodium carbonate market in upcoming years. Apparently, it is used as antacid in healthcare sector and helps in removing alcohol, oil, and grease stains. All these aforementioned beneficial features (and effects) of sodium carbonate have made its use highly popular across myriad sectors.
Report Attributes | Report Details |
---|---|
Report Name | Sodium Carbonate Market |
Market Size in 2023 | USD 9.83 Billion |
Market Forecast in 2032 | USD 17.33 Billion |
Growth Rate | CAGR of 6.5% |
Number of Pages | 210 |
Key Companies Covered | Genesis Energy, Merck Millipore, Solvay, Ciner Resources Corporation, Tata Chemicals (Soda Ash) Partners, CIECH, and J M Loveridge plc. |
Segments Covered | By Product Type, By End-Use, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of the sodium carbonate industry in Asia Pacific over 2024-2032 is likely to be due to massive production of the compound in countries such as China. Apart from this, massive use of the product in wastewater treatment and pulp & paper industries across countries like Japan, Taiwan, South Korea, India, Thailand, and Indonesia will bolster regional market growth. Additionally, the surge in product utilization in detergent & glass production will spearhead revenue of the sodium carbonate industry.
Key participants profiled in the study and influencing business growth are
The global Sodium Carbonate Market is segmented as follows:
By Product Type
By End-Use
By Region
FrequentlyAsked Questions
According to a study, the global Sodium Carbonate market size was worth around USD 9.83 billion in 2023 and is expected to reach USD 17.33 billion by 2032.
The global Sodium Carbonate market is expected to grow at a CAGR of 6.5% during the forecast period.
The massive use of sodium carbonate in the production of glass containers, fiber insulation, and flat glass will boost demand for sodium carbonate in the near future. Apart from this, the utilization of compounds in waste water treatment, purifying water, and petroleum refinement will embellish the growth of the sodium carbonate market in forthcoming years.
Asia Pacific is expected to dominate the Sodium Carbonate market over the forecast period.
The key market participants include Genesis Energy, Merck Millipore, Solvay, Ciner Resources Corporation, Tata Chemicals (Soda Ash) Partners, CIECH, and J M Loveridge plc.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed