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 is commonly known as soda ash or washing soda which is an inorganic material with chemical formula (N2CO3). Sodium carbonate is solid, odourless, white colour, amorphous, hygroscopic and having solubility in almost every solvent including water. The sodium carbonate is basic in nature and forms highly basic solution when dissolved in water. It is extracted from ash of plants which have high content of sodium. It is also manufactured form sodium chloride and limestones by process of ‘Solvay Process.’ Even though sodium carbonate has low toxicity, long-time exposure may cause eye or skin irritation. In reality, the ingestion of sodium carbonate could cause nausea, vomiting, diarrhea and stomach ache. It is chemically active and release carbon dioxide when treated with the acids.
The Global sodium carbonate market is anticipated to grow at CAGR of 3% during the forecast period of 2021 to 2027. The sodium carbonate have various applications in chemical manufacturing, food, personal care products, swimming pool maintenance. The major factors such as increasing demand for sodium carbonate is propelling growth of sodium carbonate market. The rising environmental consciousness is also refuelling sodium carbonate market. The rising glass manufacturing industries is also contributing in the growth of sodium carbonate market. However, disposable challenges is hindering the growth of sodium carbonate market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 360 degree 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 global 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 sodium carbonate market is bifurcated into product type, end user industries and geography.
The product types such as natural and synthetic are comprised in the sodium carbonate market. In which synthetic products are estimated to dominate the market in 2020. The easy manufacturing process is propelling growth of sodium carbonate market. Easy availability of raw materials such as limestone, brine and coke is also refuelling growth of sodium carbonate market. The rising use of sodium carbonate in many industries is also boosting growth of sodium bicarbonate market.
The end user industries such as glass manufacturing, chemical manufacturing, paper manufacturing, detergent and soaps, water treatment and softening and mining are comprised in sodium carbonate market. The glass manufacturing is sub-segmented into flat glass, container glass. Likewise, chemicals manufacturing is also sub-segmented into sodium chemicals and carbonate chemicals. In which glass manufacturing is expected to dominate the market in 2020. The growing constructions of residential and non-residential buildings are propelling the growth of sodium carbonate market. The rising use of flat glasses is also refueling growth of sodium carbonate market.
The sodium carbonate market is studied for various geographical regions such as North America, Europe, Asia Pacific and Rest of the World. In which Asia Pacific is anticipated to dominate the market in 2020. The rising constructions rate is propelling growth of sodium carbonate market. The expansion of road infrastructure and emergence of affluent middle class is also refuelling growth of sodium carbonate market. The significant economic growth is also contributing in the growth of 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 Asia Pacific 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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