- Increasing demand for sodium carbonate from various industries is expected to boost the market growth.
- Challenging disposal of effluents and strict regulation by government authorities is expected to hinder market growth.
- Asia Pacific region accounts for the largest market share.
Sodium carbonate, commonly known as soda ash or washing soda, is an inorganic compound with chemical formula (N2CO3). Sodium carbonate is a solid substance, which is odorless, white in color, amorphous, hygroscopic, and soluble in most solvents including water. It is alkaline in nature and forms a strong alkaline solution when dissolved in water. It is extracted from ashes of plants that are sodium-rich. It is also produced from sodium chloride and limestone with a process called as ‘Solvay Process’. Although sodium carbonate has low toxicity, prolonged exposure to eyes or skin could cause irritation. In fact, the ingestion of sodium carbonate could cause nausea, vomiting, diarrhea, and stomach ache.
Major players operating in the global sodium carbonate market include Solvay, J M Loveridge Plc., Tata Chemicals (Soda Ash) Partners, and Merck Millipore.
Global sodium carbonate market size was valued at $17.32 billion in 2017, exhibiting a CAGR of 2.54%, during the forecast period (2019-2027). Increasing demand for sodium carbonate from various industries is expected to boost the market growth. For instance, sodium carbonate is used in water treatment applications, pulp and paper applications, and chemical industries. Increasing demand from these industries is expected to propel growth for the market. Furthermore, sodium carbonate is majorly used in the soap and detergent industry and accounted for 15% of its global consumption in 2016. Increasing demand from these industries is expected to boot the market growth during the forecast period. Sodium carbonate or soda finds applications in glass manufacturing industry as well. Growing glass manufacturing industry and increasing demand for sodium carbonate is expected to impel the market growth.
However, challenging disposal of effluents formed during the production process and strict regulation on effective waste management by government authorities is expected to hinder global sodium carbonate market growth.
Market Regional Analysis
Asia Pacific region accounts for the largest market share in the global sodium carbonate market during the forecast period. Increasing demand for sodium carbonate from emerging economies such as India, Japan, China, South Korea, Taiwan, Indonesia, and Thailand is expected to boost the market growth in the near future. Moreover, India and China are the two of the most populated countries in the region and increasing disposable income and purchase power parity is expected to boost the demand for sodium carbonate and subsequently support the market growth. Furthermore, North America and Europe have a very low rate of growth, due to high labor and land cost, stringent regulations.