Market Overview:

The Latin America Soda Ash Market size is estimated to reach $2.8 billion by 2030, growing at a CAGR of 5.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Latin America Soda Ash Market Size, Share & Trends Analysis Report- By Process (Solvay, Leblanc), By Type (Light Sodium Carbonate, Granular Soda Ash, Refined Sodium Hydrogen Carbon), By Grade (Light, Medium, Dense), By Application (Glass, Chemical, Others), By End User (Glass Industry, Food & Beverages, Paper & Pulp, Consumer Goods, Oil & Gas, Electronics, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Rapid growth in the building and construction sector and increasing demand for soda ash from soaps and detergents industry are fueling the growth of the Latin America Soda Ash industry during the forecast period.

Mexico Dominated the Market in 2023:

Mexico holds a significant position in the Latin American soda ash market, commanding a revenue share of approximately 35% in 2023. This dominance is attributed to its diverse range of end-use industries, including construction, chemicals, personal care, and food & beverages. The rising demand for soda ash is primarily driven by increased usage in glass manufacturing, cleaning products, and metallurgy. Despite its leading market position, Mexico only produces about 10% of its soda ash requirements, relying heavily on imports, particularly from the U.S., which supplies over 70% of the country's soda ash imports. 

Latin America Soda Ash Market: Key Takeaways

Rapid Growth in the Building and Construction Sector Boosts the Demand for Glass Products and Drives the Demand for Soda Ash:

The demand for soda ash in Latin America is expected to surge due to the booming construction industry, which increasingly relies on high-quality soda ash for producing fiberglass insulation and flat glass. Innovations in glass technology are enhancing performance, prompting a shift towards high-performance glass products. In Mexico, private sector involvement in construction rose by 1.9% in 2023, indicating a trend towards more robust construction activities. This growth in building projects is anticipated to drive the soda ash market in the region significantly during the forecast period, as the need for energy-efficient materials continues to rise.

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Increasing Demand for Soda Ash from Soaps and Detergents Industry is Driving the Market Growth:

Soda ash, or sodium carbonate, is crucial in laundry and cleaning formulations, enhancing cleaning effectiveness. It acts as a builder to emulsify oil stains, increase alkalinity, soften water, and minimize dirt deposits during washing. Additionally, it is a component of sodium tripolyphosphate (STPP), another key ingredient in detergents. Medium-dense or lighter grades of soda ash are preferred for these applications, as they optimize soil removal. The rising demand for soda ash in the soap and detergent industry is expected to drive growth in the Latin American market, highlighting its vital role in improving cleaning properties and overall detergent performance. 

Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.1%

Market Size in 2030

$2.8 billion

Segments Covered

By Process, By Type, By Grade, By Application, By End User, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

1.  Solvay S.A.

2.  DECCO LATAM

3.  Vikudha Overseas Corporation Ltd.

4.  Tata Chemicals Limited

5.  Ciner Resources Corporation

6.  CIECH S.A.

7.  Minerals Technologies Inc.

8.  Genesis Energy LP

9.  Vitro

10. Innova Corporate


Recent Developments:

  •  In September 2022, Solvay pioneers a more sustainable soda ash production process, investing $43.40 million in Dombasle, France. Their breakthrough technology slashes CO2 emissions by 50%, curtails water and limestone usage, and eliminates limestone discharge, aligning with their 2050 carbon neutrality goal.
  •  CIECH has successfully contracted all soda production for 2022, catering to 400 Latin American clients, including major industrial players. Negotiated prices mitigate rising raw material costs, ensuring delivery reliability amid high demand from glass manufacturers. CIECH remains a leading soda ash producer in Central and Eastern Europe.
  •  In November 2022, GHCL, a Delhi NCR-headquartered company with interests in soda ash and textiles, will establish a Rs 3,500 crore greenfield manufacturing facility in Gujarat. The 0.5 MTPA capacity plant, spanning 1,000 acres near Mandvi town in Kutch district, signifies their commitment to expanding operations and leveraging Gujarat's coastal advantage.

Latin America Soda Ash Market: Competitive Landscape

Key companies profiled in the Latin America Soda Ash Market are Solvay S.A., DECCO LATAM, Vikudha Overseas Corporation Ltd., Tata Chemicals Limited, Ciner Resources Corporation, CIECH S.A., Minerals Technologies Inc., Genesis Energy LP, Vitro, and Innova Corporate, and others.

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