Expanding Glass Demand to Help Spur Global Soda Ash Market
Ceramic and glass production represents one of the biggest end users of soda ash, capturing around 50% of the worldwide utilization.
The global market for soda ash is forecast to exhibit a 3.5% CAGR from 2018-2026, according to a report from Persistence Market Research. The market was estimated to be valued at almost $16.4 billion in 2017 and is projected to near $22.2 billion by the end of 2026. The Asia-Pacific region in particular is expected to witness high demand over the forecast period.
In terms of the application, the global market finds use in soaps and detergents, glass and ceramics, metallurgy, paper and pulp, water treatment, chemicals, and others. Ceramic and glass production represents one of the biggest end users of soda ash, capturing around 50% of the worldwide utilization.
With strong expansion in the construction and automotive sectors, particularly in emerging nations in the Asia-Pacific region, growth in flat glass manufacturing has been recorded. In addition, sales of container glass for personal care packaging, pharmaceutical packaging and food packaging is anticipated to gain traction in the overall market and is projected to have a positive effect on requirements for soda ash in the coming years.
Additional details are available at www.persistencemarketresearch.com.