Market Overview:
The India Soda Ash Market size is estimated to reach $1.5 Billion by 2030, growing at a CAGR of 6.4% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “India Soda Ash Market – 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, 2023-2030”
Growing Demand from the Glass Industry and the rising demand for detergents and cleaning products in India are fueling the growth of the India Soda Ash industry during the forecast period.
India Soda Ash Market: Key Takeaways
Growing Demand from the Glass Industry:
One of the most significant trends driving the India soda ash market is the growing demand from the glass manufacturing sector, particularly the flat glass and container glass segments. The flat glass industry, which caters to the automotive and construction sectors, has seen robust growth due to increasing infrastructure development, urbanization, and rising automotive production in India. Container glass, used in packaging for beverages, food, and pharmaceuticals, is also witnessing increased demand driven by the growing preference for sustainable and recyclable packaging solutions. As soda ash is a critical raw material in glass production, the expansion of the glass industry directly boosts the demand for soda ash, making it a key growth driver for the market. Glass consumption in India has increased rapidly over the years, owing to its increased and expanded use in the architectural, industrial and automotive sectors. As a result, glass manufacturers in India are implementing expansion strategies. For instance, in 2021, as part of a phased expansion plan, Saint-Gobain would invest INR 1,100 crore (US$151 million) in the Indian state of Rajasthan through 2023. It would build a new float glass facility, which would utilize soda ash in the manufacturing of glass. Thus, the growing adoption of soda ash for the Indian glass industry is driving the India Soda Ash Market share.
For More Queries About "India Soda Ash Market " @ https://www.industryarc.com/support.php?id=19401
Expansion of Detergents and Cleaning Products Market:
The rising demand for detergents and cleaning products in India is another key trend influencing the soda ash market. As an essential ingredient in the production of soaps, detergents, and other cleaning agents, soda ash benefits from the increasing consumption of these products due to rising hygiene awareness, urbanization, and changing consumer lifestyles. According to GHCL, engaged in the manufacture of Soda Ash, with the rise of the clean energy sector, India’s soda ash demand is set to undergo a paradigm shift, as classical applications like glass and detergent industries which make for an estimated 70% of the soda ash consumption in the country are set to be augmented by solar installations as well as e-mobility initiatives. The pandemic has further accelerated the demand for cleaning products, leading to increased consumption of soda ash. Additionally, the growing popularity of liquid detergents and advanced cleaning solutions is expected to drive further growth in this sector, positively impacting the soda ash market in India.
Scope of the Report:
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.
• In CIECH has successfully contracted all soda production for 2022, catering to 400 India 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
India Soda Ash Market: Competitive Landscape
Key companies profiled in the India Soda Ash Market are Tata Chemicals Limited (India), Nirma Limited (India), Gujarat Heavy Chemicals Ltd. (GHCL), DCW Limited (India), Caprolactam Chemicals Ltd., Chemfab Alkalis Ltd., Punjab Alkalies & Chemicals Ltd., Lords Chloro Alkali Ltd., Jayshree Chemicals Ltd., Kanoria Chemicals & Industries Ltd, Sudarshan Group, Sahajanand Industries Limited, Vinipul Inorganics Pvt. Ltd., Wilson Chem Corporation, Meru Chem Pvt. Ltd. and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727