Global Soda Ash (sodium carbonate) Market 2018-2022
About this market
Increasing demand for green construction to gain traction in the market. Glass is used to construct and design passive or low energy buildings, which qualify as green building. The adoption of energy-efficient glass, such as low-E glass, offers several features that contribute to a building being labeled as green. Technavio’s analysts have predicted that the soda ash market will register a CAGR of over 2% by 2022.
Growing application of glass market
Glass is extensively used in the construction, automobile, and consumer product packaging. The types of glass that use soda ash are flat glass, container glass, and others such as fiberglass, technical glass, and specialty glass.
Volatility in prices of soda ash
The fluctuation in prices makes planning capital expenditure and operational activities difficult for manufacturers.
For the detailed list of factors that will drive and challenge the growth of the soda ash market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Solvay and Tata Chemicals the competitive environment is quite intense. Factors such as the increasing demand for green construction and the growing application of glass market, will provide considerable growth opportunities to soda ash manufactures. CIECH, Ciner Resources Corporation, Genesis Energy, NIRMA, Solvay, and Tata Chemicals are some of the major companies covered in this report.
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