SAN FRANCISCO, August 17, 2016 /PRNewswire/ --
The global soda ash market is expected to reach USD 25.37 billion by 2024, according to a new report by Grand View Research, Inc. The global soda ash market is marked by the presence of a few countries such as the U.S. and Turkey which mine soda using natural resources, while a majority of other regions such as China; manufacture synthetic soda ash using Solvay process.
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The growth of glass industry, particularly in Asia Pacific and the Middle East on account of increasing construction spending, is also expected to play a crucial role in the developing the global soda ash market, over the forecast period. Soda ash is an energy intensive industry, and fluctuating energy prices are expected to affect the market growth. Strict environmental regulations in the context of synthetic process for manufacturing soda ash are expected to hamper the market growth.
Glass emerged as the leading application segment and accounted for 48.2% of total market volume in 2015. It is also expected to witness the highest growth of 3.2% over the forecast period. Soaps & detergents are also expected to witness brisk growth in soda ash demand over the forecast period. Increasing personal care industry in China, India, and Indonesia on account of growing disposable income level is expected to drive this segment.
Browse full research report with TOC on "Soda Ash Market Analysis by Application (Glass, Chemicals, Soaps & Detergents, Metallurgy, Water Treatment, Pulp & Paper) And Segment Forecast To 2024" at: http://www.grandviewresearch.com/industry-analysis/soda-ash-market
Further key findings from the report suggest:
Grand View Research has segmented the global soda ash market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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