The sodium carbonate market is expected to show considerable growth by the year 2027 driven by a growing product demand from the F&B, pharmaceuticals, and water treatment industries. Sodium carbonate, an alkaline salt while primarily used to produce glass, is also widely used to produce soaps, detergents and mining metals. The alkali's applicability across several industries has resulted in a large surge in demand over time.
The overall sodium carbonate market has been bifurcated into segments such as types, end-uses, and regional consumption.
On the basis of end-use, the industry has been classified into container glass, flat glass, other glass, soap & detergent, chemicals, mining, and others.
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Glass is now employed as an insulating material, structural component and exterior glazing material, in the construction industry. It is also utilized to create delicate arrangements made on the posterior as well as conventional windows. As a result, tableware, home appliances that use glass as well as laboratory glassware have seen a rise in demand.
The other glass segment, which is concerned with the products mentioned above, is expected to reach a CAGR of 2.4% over the forecast timeframe.
Meanwhile, the others segment, which comprises of industry avenues such as food and beverages, water treatment, and pharmaceuticals, is slated to projected to experience remunerative growth. The segment had accrued a market share of over 18.5% with regards to volume back in 2020.
The glass packaging industry is anticipated to grow substantially owing to increasing consumption of alcoholic and non-alcoholic beverages. Glass is also frequently utilized in the pharmaceutical sector due to its ability to remain germ-free after cleaning, which contributes to increased turnover.
In terms of regional gains, the MEA segment is likely to clock in a significant amount of growth in the analysis timeframe. Middle East has been well known for its robust chemicals industry, abundant in silica sand and soda ash, which are used in crafting high quality dolomite as well as limestone. New soda ash production plant is expected to be built and operational over time which will boost production in the region considerably.
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Similarly, Africa is rich in resources, capable to produce light as well as dense variants of soda ash. Given the abundance, the region is set to witness the construction of more mining facilities and production plants to extract the rich resource from the ground and meet demand soon.
With a steady and consistent increase in production and supply, the soda ash market within the Middle East and Africa region would witness a growth of 3.2% by the end of 2027.