Increasing demand for sodium carbonate from various industries is expected to propel growth of the global sodium carbonate market. Sodium carbonate is used as a cleansing agent for domestic purposes. It also serves as a flux for silica in glass manufacturing. Sodium carbonate is used for removing temporary and permanent hardness of water. It is also used as a relatively strong base in various fields
Moreover, increasing demand for household cleaning products is also expected to aid in growth of the market. For instance, according to a new survey conducted by Toluna and commissioned by Tide in December 2020, about two-thirds of the people in the U.S. are concerned about stains this holiday season and over 40% of the people in the U.S. foresee grease and oil as the biggest challenge in preparation for their holiday meal. In fact, nearly 60% say that household cleaning products, such as laundry detergent, will take up more room in their shopping cart this year.
Increasing production of glass materials is expected to offer lucrative growth opportunities for players in the global sodium carbonate market. For instance, in December 2020, Emerge Glass, a flat glass producing company, announced to commence commercial production of container glass with a designed capacity of 210 tons per day at Behror in the Western state of Rajasthan, India.
Sodium carbonate is used as a food additive in various food stuffs. Thus, significant growth in the packaged food and FMCG sectors is also expected to aid in growth of the global sodium carbonate market. For instance, according to the U.S Department of Agriculture, export of prepared food from U.S. increased from US$ 5, 849 million in 2015 to US$ 6,682 million in 2019.
Competitive Analysis
Major players operating in the global sodium carbonate market include, Solvay, J M Loveridge Plc., Tata Chemicals (Soda Ash) Partners, Inc., CIECH, Ciner Resources Corporation, Genesis Energy and Merck Millipore.
Major players operating in the global sodium carbonate market are focused on adopting M&A strategies to enhance their market share. For instance, in December 2019, Tata Chemicals, through its wholly-owned subsidiary, Valley Holdings Inc., acquired the remaining 25 percent partnership interest in Tata Chemicals (Soda Ash) Partners Holdings from The Andover Group, Inc., a subsidiary of Owens-Illinois Inc. for US$ 195 million.
In-depth Report on Sodium Carbonate Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/ongoing-insight/sodium-carbonate-market-2756
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