Soda Ash Market Poised to Rake in US$ 17.5 Bn by 2029

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Soda Ash Market

• April 2020

Report Id REP-GB-11085 Published On
Feb-2020 Category Chemicals and Materials
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Soda Ash Market Analysis

• The global soda ash market will reach a valuation
  of US 17.5 Bn in 2029, witnessing a steady
  growth outlook during the forecast period (2019 -
  2029). According to a new study by Future Market
  Insights (FMI), the market for soda ash is
  largely influenced by upsurge in demand from
  detergents and soaps, chemicals, metallurgy, and
  construction industries.
• "Leading players in soda ash market must maintain
  focus on expansion through strategic
  collaborations in order to remain prominent at a
  global level," reveals the FMI report.
• Request for covid19 Impact Analysis
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Soda Ash Market Analysis

• Key Research Findings of FMI's Soda Ash Market
  Study
• Glass and ceramics will account for a major
  market share owing to high demand for glass and
  flat glass products.
• The soda ash market is gaining substantial
  tailwinds from the building construction
  materials segment.
• Growth opportunities in soda ash market are
  primarily concentrated in Asia Pacific owing to
  strong expansion prospects of end-use industries
  in the region.
• Sustainability trend will remain instrumental to
  the build-up of soda ash market, influencing its
  pricing and application.

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Soda Ash Market Analysis

• Key Growth Drivers - Soda Ash Market
• Energy conservation policies by governments is a
  key growth driver for soda ash adoption.
• The rise in high individual net worth in
  developing countries is projected to increase
  consumption of soda ash.
• Leading manufacturers continue to adopt
  innovative extraction processes to boost
  production capacity.
• Key Impediments - Soda Ash Market
• Low cost of soda ash production has resulted in
  oversupply, potentially hindering profitability.
• Environmental regulations associated with
  concentration of chlorides remains a longstanding
  concern for producers.

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Soda Ash Market Analysis
Competition Structure Analysis - Soda Ash
Market The competition landscape of soda ash
market remains largely consolidated, as major
players continue to capture around 70 of market
share. Key producers are leveraging advanced
extraction processes such as pillar and room
mining to boost production capacities.
Manufacturers are also entering strategic
collaborations to consolidate their market
position. Some of the key players in the soda ash
market include, but are not limited to CIECH SA,
Tata Chemicals Ltd., Novacap Group, DCW Ltd.,
Ciner Group, Genesis Energy, and Nirma
Ltd.. Press Release Source https//www.accesswir
e.com/579712/Soda-Ash-Market-Revenues-to-Reach-US-
175-Bn-Through-2029-Sustainability-Trend-to-Remain
-the-Silent-Shaper-Future-Market-Insights
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Soda Ash Market Analysis

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• More from FMIs Chemicals Materials Market
  Intelligence
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Soda Ash Market Analysis
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