Global Washing Soda Market 2017-2021
About Washing Soda
Washing soda, also denominated as soda ash or crystals and sodium bicarbonate, is a white odorless powder, which is immensely alkaline in nature and is manufactured from the raw materials such as Trona, which is cost-effective in nature. It is used significantly for water softening and regulating pH. Washing soda is formulated through three different processes: the Leblanc process, the Solvay process, and the Hou's process. The Solvay process is the most cost effective and is the preferred technique for the production of washing soda. Washing soda is extensively used as a cleaning agent. It can reverse alkalinity of a solution or a media and has excellent absorption capacity.
Technavio’s analysts forecast the global washing soda market to grow at a CAGR of 6.21% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global washing soda market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Washing Soda Market 2017-2021
Technavio recognizes the following companies as the key players in the global washing soda market: Solvay, Tata Chemicals, FMC, Ciner Group, and GHCL.
Other Prominent Vendors in the market are: CIECH, DCW, Oriental Chemical Industries, and Soda Sanayii.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is capacity expansion of washing soda in North America. The volume of paper and pulp production is likely to intensify in North America, resulting in capacity expansion of washing soda owing to its cost-effective nature. Moreover, the high demand for washing soda from the building and construction industry in North America will further surge the overall demand for washing soda during the forecast period.”
According to the report, one driver in market is cost-effective nature of washing soda. As washing soda is cheap and cost effective, it is widely used as a cleaning agent in water treatment plants. There are other supplementary treatments available for treating water, but the chemical process of water cleaning with washing soda is the most cost effective. Other alternatives, which includes the ultraviolet purification technique, ultrafiltration, reverse osmosis, and ion exchange, require functional and operating costs and substantial investments for equipment installation. However, washing soda is readily available in the market and is economical. The consumers favor chemical treatment of water with washing soda over physical methods. This preference for washing soda in the water treatment industry will serve as a driver for the global washing soda market during the forecast period.
Further, the report states that one challenges in market is declining demand from paper and pulp industry. Washing soda is extensively used in the paper and pulp industry, which accounts for approximately 15.88 million metric tons annually. Technological advancements such as digitization have led to the decline in the use of paper in many end-use applications. This, in turn, poses a serious challenge for the global washing soda industry and will negatively affect the demand for washing soda in the paper and pulp industry, where it is used for the production of pulp from wood.
Solvay, Tata Chemicals, FMC, Ciner Group, GHCL, CIECH, DCW, Oriental Chemical Industries, and Soda Sanayii.
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