Global sodium carbonate market size will be driven by the growing construction activities particularly across high-income nations and rising adoption of sustainable materials in numerous end-use industries. As per the Council on Foreign Relations, in March 2021, the U.S. government launched a USD 2 trillion infrastructure plan, which includes modernization of physical structures, such as airports, railways, waterways, highways & bridges.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3917
Sodium carbonate or soda ash is broadly used as a water-reducing agent and plasticizer in the construction sector. This apart, the product is experiencing strong demand in the production of glasses, chemicals, detergent & soap, and others.
According to the latest report by Global Market Insights, Inc., global sodium carbonate market size is projected to surpass USD 13.5 billion by 2027.
Synthetic sodium carbonate is made from various manufacturing processes, such as the Solvay process, Hou’s process, and Leblanc process. This apart, the raw materials used in its syntheses, such as limestones, brine, and coke are easily available and hence, reduces the overall cost of manufacturing.
Synthetic soda ash possesses exceptional cleansing properties, which complements its uses in glass manufacturing, water softening, and various other applications. As a result, the industry share from synthetic sodium carbonate is predicted to record 2.5% gains through 2027.
Sodium carbonate is widely used in the production of various sodium-containing reagents, such as sodium hydroxide, sodium nitrate, and others. These sodium reagents are further used as important intermediaries in various chemical synthesizes in the chemical industry. The most prominent application of these sodium-based reagents is in the manufacture of essential agrochemical products, as rodenticides, predacides, and insecticides.
Growing requirements for agrochemicals, particularly in countries like India, China, Brazil, and the U.S, to increase crop yields and to cater to consistently rising food demand from exploding population, would bolster the consumption of soda ash in the chemical industry. As a result, global sodium carbonate industry share from the chemical sector is anticipated to exceed USD 1.2 billion by 2027.
The glass making industry is one of the biggest end-users of soda ash. Growing consumer preference for glass containers over their plastic alternatives owing to rising environmental concerns and increasing consciousness about sustainable products is likely to foster product demand. Owing to this, in 2020, container glasses held a market share of around USD 2.15 billion in global sodium carbonate industry.
Glass bottles are widely used containers for alcoholic beverages. The significant increase in alcohol consumption is leading to surging demand for glass containers which will further boost industry expansion. As per the National Beer Wholesalers Association (NBWA), the U.S. beer industry sold approximately 204.8 million barrels of beer in 2020.
Growing infrastructure construction activities for residential, commercial, and institutional spaces are driving exponential demand for sodium carbonate in North America. As per the U.S. Census Bureau, the construction spending on residential spaces in the private sector was reported over USD 786 billion in August 2021, which includes expenditure on refurbishment as well as new building activities. Notably, global sodium carbonate industry share from North America is slated to exceed USD 760 million by 2027.
Leading companies operating in global sodium carbonate industry include Sisecam, T Genesis Alkali, Tata Chemicals Ltd., Shandong Haihua, NIRMA, Hubei Yuhua, Ciner, and Solvay, among others. These sodium carbonate manufacturers are primarily emphasizing on the easy procurement of raw materials to reduce the cost of transportation and enhance expand their profit margins.
Request For TOC of Report @ https://www.gminsights.com/toc/detail/sodium-carbonate-market
In 2020, the emergence of the COVID-19 pandemic severely hampered the global construction industry. The restriction of logistics and transport significantly disrupted the supply of raw material and even created the shortage of manpower across various construction sites. This led to substantial reduction in soda ash demand from the construction sector. However, with easing restrictions on industrial operations, the global sodium carbonate business is expected to boom in the coming years.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]