Sodium carbonate is the trade name of soda ash, a chemical that is refined from the mineral tornal or sodium-carbonate bearing brines. It is also manufactured from one of the various chemical processes. Soda ash is considered one of the essential raw materials in glass, chemicals, detergent, and other important industrial products. In past years, in terms of production soda ash was known as the 11th largest inorganic chemical of all domestic inorganic and organic chemical, excluding petrochemical feedstocks. Whereas soda ash is represented by only 2% of the total 39 dollar billion US nonfuel mineral industry. It is used in many diversified products that are contributed substantially to the Gross Domestic Product of the United States. As soda asks is used in flat glass for automobile manufacture and building construction that are important economic sectors of the domestic economy.
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The sodium carbonate is soluble in water and can also occur naturally in arid regions, majorly in mineral deposits formed when seasonal lakes evaporate. Deposits of the mineral natron have been mined from dry lake bottoms in Egypt since ancient times. When the natron was used in the preparation of mummies and the early manufacture of glass. The anhydrous mineral form of sodium carbonate is quite rare and called nitrite. The sodium carbonate also erupts from Ol Doinyo Lengai, Tanzania’s unique volcano, and it is presumed to have erupted from other volcanoes in the past, but due to these minerals instability at the earth’s surface it is likely to be eroded.
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Reasons of Growth for Soda Ash Industry
- Soda ash is needed in the glass, chemicals, soaps and detergent, pulp and paper, metallurgy, water treatment, and many other applications. The market of soda ash is expected to grow significantly in Asia- Pacific owing to the increasing demand in the building and construction, and soaps and detergent industry. These industries are expected to record a CAGR of almost around 3.0 % between 2014 and 2019 in terms of volume. In 2013, glass accounted for more than 51% of the overall market, and soaps and detergent accounted for 15 % of total consumption. The soda ash market is estimated to witness a CAGR of 6.1% between 2019 and 2023 in terms of value and is anticipated to generate a global market value of $22,090 million by 2023.
- Globally, the market for soda ash is increasing with Asia-Pacific leading consumption followed by Europe and North America. Chin is one of the largest consumers of soda ash products globally. The major markets in developing countries include China, India, South-East Asian and South American countries. Although major markets in developed countries include the US and Russia.
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- The increasing demand for glass and soaps and detergents make Asia-Pacific an attractive market for capacity expansion. Asia- Pacific is the biggest growing soda ash market around the globe which is followed by North America and Europe. The opportunities are cited in growing residential requirements in China and India and the fast-growing economies in South East Asia. The chemical industry is also anticipated to present opportunities that are supported by favorable growth in the paper industry and improved food processing industries the overall market remains attractive for upcoming years. The key participants in this market are Solvay SA (Belgium), Tata Chemicals Limited (India), FMC Corporation (U.S.), OCI Chemical Corporation (U.S.), Nirma Limited (India), Czech SA (Poland), Soda Sanayii AS (Turkey), GHCL Limited (India), DCW Limited (India), and Oriental Chemical Industries (Korea).
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Conclusion
“Soda Ash – Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics” is the project report by NPCS. The project report by NPCS covers all the important aspects of the market such as analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements.
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