Sodium Carbonate Market Analysis by Trends, Growth Analysis, Forecast till 2027
Market Outlook
The rising demand for sodium carbonate from a variety of sectors is likely to drive market expansion. Sodium carbonate, for example, is utilized in water treatment, pulp and paper applications, and chemical industries. Increasing demand from these industries is likely to drive market expansion. Furthermore, sodium carbonate is widely utilized in the soap and detergent industries, accounting for 15% of total global consumption in 2016. Increasing demand from these industries is likely to fuel market expansion over the forecast period. Sodium carbonate, sometimes known as soda, is used in the glass-making business.
Regional Market Analysis
During the projected period, the Asia Pacific region will hold the biggest market share in the worldwide sodium carbonate market. Rising demand for sodium carbonate from growing economies such as India, Japan, China, South Korea, Taiwan, Indonesia, and Thailand is likely to drive market expansion in the coming years.
Furthermore, India and China are two of the most populous countries in the area, and rising disposable income and purchasing power parity are likely to enhance demand for sodium carbonate and, as a result, market growth. Furthermore, because of high labor and land costs, as well as tight laws, North America and Europe have very poor rates of growth. However, the difficult disposal of effluents created during the manufacturing process, as well as rigorous government regulations on appropriate waste management, are projected to stymie global sodium carbonate market expansion.
The chemical industry largely uses sodium carbonate to make glass, detergents, sodium chemicals, and carbonate chemicals. It is also used in the paper and pulp sector to make paper. Because of tight rules requiring dechlorination of the wastewater treatment process, sodium carbonate is employed in industrial and municipal wastewater treatment. It is also used for brine treatment, coal treatment, and flue gas desulphurization. Sodium carbonate is widely used in companies and households to remove hardness from water and to modify the pH of water. Sodium carbonate is also utilized as an ion exchange catalyst for resin regeneration.
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