Sodium Carbonate Market Size Poised to Grow USD 19 Billion by 2021 | Research Cosmos

Sodium Carbonate market Size and Growth Rate:

According to our research report, the Sodium Carbonate market is projected to reach $ 19.1 Billion by 2021, with a GAGR value of 2.1% from 2017

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Sodium Carbonate Market Overview:

Sodium carbonate is an inorganic salt of sodium and carbonic acid, also known as soda, soda crystals and soda lye. It is often used in the world as a common water softener. Sodium carbonate is present naturally all over the world and can be extracted for consumption. It can also be manufactured commercially from common salt and limestone using some chemical processes. It has a low toxicity, however prolonged exposure to the skin and eyes or inhalation of dust can cause irritation. Ingestion of sodium carbonate can cause vomiting, diarrhea, upset stomach and nausea.

Sodium Carbonate Market Growth Drivers and Restraints:

The sodium carbonate market is mainly driven by demand in water treatment applications, paper and cellulose production, and in the chemical industry. However, the difficult elimination of effluents from the production process and the strict regulations for efficient waste management could hinder the growth of the market. The expansion of the industrial economies of Asia Pacific, Latin America and Africa is expected to provide future prospects for the growth of the soda ash market.

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Geographical Segmentation of the Sodium Carbonate Market:

Geographically, Asia-Pacific is the largest consumer and producer of soda ash. The main industrial economies, including China, India, Japan, Thailand, Taiwan, Indonesia and South Korea, are the main consumers of sodium carbonate for wastewater treatment, the paper and pulp industry, and the chemical industry. Two of the most populous countries, China and India, are in Asia. Both countries are growing rapidly and are seeing an increase in disposable income and the purchasing power parity of the general population. This strong growth led to the growth of final products based on sodium carbonate, such as detergents and glass. North America is another important consumer of sodium carbonate, particularly in detergent and wastewater applications. In the rest of the world, Brazil, Argentina, Venezuela and South Africa contribute to the greater market demand, particularly in the glass manufacturing sector. Europe is expected to grow at a slower pace than other regions due to the strict regulation of chemicals that pollute the environment. The developed regions of North America and Western Europe have very little ability to expand capacity due to the high land and labor costs and strict regulations.

Keyplayers of the Sodium Carbonate Market:

Solvay, Merck Millipore, Tata Chemicals (Soda Ash) Partners and J M Loverridge plc are some of the major players of the global market.

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