India Soda Ash Market is Expected to Grow at a CAGR of 4.75% by 2030 | ChemAnalyst

According to ChemAnalyst report, “India Soda Ash Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Soda Ash Market is likely to grow at a CAGR of 4.75% during the forecasted period by FY2030. The end-use industries of Soaps & Detergents, Glass, Chemicals, and Silicates are anticipated to accelerate the Soda Ash Market in India in the forthcoming years.

Soda Ash sodium carbonate is an inorganic substance with the chemical formula Na2CO3. It appears as a white, odourless salt that dissolves in water and produces an alkaline solution. Soda ash is primarily derived from sodium chloride and limestone. The synthetic methods to produce soda ash include Solvay Process. Le Blanc Process, Akzo Dry Lime Process (modification of Solvay process), and Dual Process (modification of Solvay process). Soda ash is one of the most significant of all basic compounds. In comparison to sodium hydroxide, it has a number of advantages, including being non-corrosive and thus safer to handle. As a result, it is used in a variety of end-use industries, such as the food and beverage industry, metallurgy, and more. Soda ash works as a raw material for making glass, silicates, solar glass for solar panels, and detergents, among others.

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The growing use of Soda Ash in the soap & detergent industry is majorly driving the Soda Ash demand in India. Detergents and soaps fabricated from soda ash are frequently used in commercial and residential cleaning to provide great cleaning effectiveness while using less water. The primary causes influencing the expansion of the cleaning sector in India include the surge in demand for cleaning goods, rising disposable income, greater standards of life, and other comparable variables. Furthermore, the usage of soda ash to manufacture flat glass for windows and fibreglass insulation in the building & construction industry also contributes to the market expansion. 

The India Soda Ash Market is segmented based on end-use, sales channel, and region. Based on end-use, India Soda Ash Market is divided into Soaps & Detergents, Glass, Chemicals, Silicates, and Others. Among these, the Soaps & Detergents Industry is dominating the India Soda Ash Market and held a market share of 35% in FY2022. Rising awareness among the population for maintaining hygiene is anticipated to bolster the Soaps & Detergents demand in the forecast period.

Based on region, India Soda Ash Market is segregated into North, South, East, and West. As of FY2022, West India has been dominating the market, followed by North India. In FY2022, West India consumed approximately 45% of the market. With numerous detergent and glass manufacturers located in western states like Gujarat, Maharashtra, and Rajasthan, West India is likely to dominate the market in the forthcoming years. Likewise, major detergent companies such as Hindustan Unilever Ltd. (HUL), Rohit Surfactants Pvt. Ltd. (RSPL), Proctor and Gamble Home Products Ltd. (P&G), etc., are dominating the market.

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 “India Soda Ash Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Major players operating in India Soda Ash market include Tata Chemicals Limited, Nirma Limited, Gujarat Heavy Chemicals Ltd (GHCL) Limited, DCW Limited, RSPL Ltd., and Saurashtra Chemical Division of Nirma Ltd.

“Growing hygiene practices and usage of soaps and detergents are anticipated to fasten the Soda Ash demand across India. Additionally, it is expected that throughout the projection period, the market will continue to be impacted by rising demand for soda ash for manufacturing glass which is further highly utilised by the construction and automotive industries. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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  • Ganesh Kumar
    published this page in Submit Content 2023-04-11 03:17:12 -0700