Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Sodium carbonate or soda ash is a naturally occurring chemical having applications in different industries such as food and beverage, pulp and papers and glass. However, soap and detergent industry comprised of surfactants market which is most lucrative market vertical for sodium carbonate. It is an inorganic salt made by reaction of sodium and carbonic acid. It is also called as soda crystal and washing soda. It is mostly occurred as crystalline decahydrate which readily effloresces to form a white powder called as monohydrate. It has become a household chemical as a water softener and as a part of soaps and detergent industries.
The Asia Pacific sodium carbonate market is observing rapid growth during forecast period of 2021 to 2027. The sodium carbonate finds key consumptions in industries along with households for removal of hardness in water and pH adjustment of water. The dynamic factors such as growing glass manufacturing industries is propelling growth of Asia Pacific sodium carbonate market. Growing use in soap industries is also refuelling growth of Asia Pacific sodium carbonate market. The growing exigency in water treatment is also boosting growth of Asia Pacific sodium carbonate market. However, challenging disposable of effluents is hindering the growth of Asia Pacific sodium carbonate market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the sodium carbonate market. In addition, complete analysis of changes on sodium carbonate expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Sodium carbonate market is witnessing tremendous growth during COVID-19 pandemic owing to rise in awareness about hygienic practises. The growing widespread of COVID-19 pandemic is boosted the growth of sodium carbonate market. The rise prevalence of hygienic protocols is also refuelling growth of sodium carbonate during the COVID-19 pandemics.
The Asia Pacific sodium carbonate market is bifurcated into product type, end user industries and country.
The natural and synthetic product types are comprised in Asia Pacific sodium carbonate market. In which natural products are also contributing in the growth of Asia Pacific sodium carbonate market. The growing preference for natural ingredients is propelling growth of Asia Pacific sodium carbonate market. The rising focus on sustainability is also refuelling growth of market. The reduced emission and minimum energy requirement is also boosting growth of Asia Pacific sodium carbonate market. The rising consumer preference for natural products is also contributing in the growth of Asia Pacific sodium carbonate market.
The glass manufacturing, chemical manufacturing, paper manufacturing, detergent and soaps, water treatment and softening and mining end user industries are comprised in Asia Pacific sodium carbonate market. In which glass manufacturing is sub-segmented into flat glass, container glass. Likewise, chemicals manufacturing is also sub-segmented into sodium chemicals and carbonate chemicals. The paper manufacturing end user industry is also contributing in the growth of Asia Pacific Sodium Carbonate market. The sodium carbonate is used in paper making, the pulp preparation involves extraction of cellulose fibers from plant materials. Many plants materials are very tough and require boiling treatment which is provided by sodium carbonate at pH 12-14.
The Asia Pacific sodium carbonate market is studied for countries such as India, China, Japan, Australia and South Korea. In which India followed by China and Japan are anticipated to dominate the market in 2020. The growing rate of industrialization is propelling growth of Asia Pacific Sodium Carbonate Market. The rising use of sodium carbonate in paper making is also refuelling growth of Asia Pacific sodium carbonate market. The rising disposable income and high population is also contributing to growth of Asia Pacific sodium carbonate market.
The major key players such as Solvay, J. M. Loveridge Plc., Tata Chemicals (Soda Ash) Partners, CIECH, Ciner Resources Corporation, Genesis Energy, Merck Millipore, Genesis Alkali, NIRMA, Shandong Haihua, Sanyou Chemical, Hubei Yuhua, Sisecam, FMC Corporation, OCI Chemical Corporation, GHCL, Hawkins and Seidler among others.
Sep 2019: Solvay announced that they would increase its soda ash production capacity by 600 kilotonnes at its trona-based Green River site in Wyoming, the United States, to meet long-term global demand growth in various applications. In addition to this, Solvay would also expand its sodium bicarbonate capacity by 200 kilotonnes in its Devnya plant in Bulgaria, addressing worldwide demand growth for flue gas treatments which improve air quality.
July 2019: Tata Chemicals received a green nod for expansion of its soda ash plant in Gujarat at an estimated cost of Rs 1,042.07 crore. The proposal is for expansion of its soda ash plant located in Devbhumi Dwarka district from 10.91 lakh tonne per annum to 113.16 lakh tonne per annum.
June 2019: The CIECH Group launched a new production line for specialised sodium bicarbonate in Germany, for used in dialysis. The new production line of sodium bicarbonate will increase the production capacity of the factory located in Stassfurt by more than 80 percent (50,000 tonnes per year) and will also contribute to the expansion of the Group’s product portfolio by a variation of soda, used in the pharmaceutical industry.
The study comprised of sodium carbonate market based on product type and end user industry. The also imparts the dominating segment of the market. The product type segment is dominated by synthetic products and likewise end user industry segment is dominated by glass manufacturing. The study also imparts geographical section of sodium carbonate market. The India is expected to dominate the market in 2020. The study also covers the impact of COVID-19 on the sodium carbonate market and it concludes that Sodium carbonate market is witnessing tremendous growth during COVID-19 pandemic owing to rise in awareness about hygienic practises. The growing widespread of COVID-19 pandemic is boosted the growth of sodium carbonate market. The rise prevalence of hygienic protocols is also refuelling growth of sodium carbonate during the COVID-19 pandemics. The study comprise the major key players active in the regions.
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