India Soda Ash Market - Forecast(2024 - 2030)

The Indian Soda Ash Market size is forecast to reach US$1.7 billion by 2027, after growing at a CAGR of 5.7% during the forecast period 2022-2027. Soda ash is the water-soluble sodium salt of carbonic acid, also known as crystal carbonate in monohydrate form. Soda ash is primarily derived from sodium chloride and limestone. The most important of all basic heavy chemicals is soda ash. It has a significant advantage over sodium hydroxide, including non-corrosive and thus safer to handle. Hence, it is utilized in various end-use industries, including food & beverage, metallurgy and more. The Indian soda ash market growth is primarily driven by the soaps and detergents industry growth. Moreover, in 2020, the COVID-19 pandemic positively impacted the Indian soda ash industry growth as the production activities related to soaps, detergents and others increased rapidly. For instance, according to the Government of India Ministry of Chemicals & Fertilizers, in 2020, detergent production in India surged by 4.1% over 2019. As a result, the demand for cleaning materials surged in India, which benefited the Indian soda ash industry growth. Also, the glass industry growth in India is fueling the demand for soda ash because soda ash is utilized as a material in glass manufacturing. This, in turn, is driving the growth of the India Soda Ash Market size.

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Report Coverage

The "India Soda Ash Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the India Soda Ash Market.

By Source:?Natural (Trona) and Synthetic [Limestone, Salt (brine) and Others (Ammonia, Carbon Dioxide and Others)] By Process:?Solvay, Leblanc, Trona Based and Others. By Type:?Light Sodium Carbonate, Granular Soda Ash and Refined Sodium Hydrogen Carbon. By Grade:?Light, Medium and Dense. By Application:?Glass (Flat Glass, Container Glass and Other Glass), Cleaning Products (Detergent and Soaps), Food & Feed (Food and Nutrition and Animal Nutrition), Metallurgy (Non-ferrous & Ferrous Ores, Recycling of Aluminum & Zinc and Others), Adhesives & Sealants, Paper & Pulp, Oil & Gas, Water Treatment, Pharma & Medical, Coatings, Agriculture, Cosmetics & Personal Care, Solvents & Lubricants and Others.

Key Takeaways

• The soaps and detergents segment dominated the India Soda Ash Market. For instance, according to the Alkali Manufacturers Association of India, in 2021, the detergent and soaps segment was the highest user of Soda Ash in India.
• The surging adoption of Soda Ash as a food additive in the food and beverage industry of India is driving the market growth.
• Moreover, the booming metallurgy industry of India is fueling the demand for soda ash to ensure efficient processing of metals. This, in turn, is propelling the India Soda Ash market growth.
• However, the availability of the substitutes such as caustic soda, sodium silicate and others may restrict the India Soda Ash industry's growth in the upcoming years.Inquiry Before Buying @ https://bitly.ws/3egWN

India Soda Ash Market Segmentnbsp;Analysis – By Type

The granular Soda Ash segment held the largest India Soda Ash Market share in 2021 and is forecast to grow at a CAGR of 3.9% during the forecast period 2022-2027. Granular soda ash derived from sodium chloride and limestone is a white, odorless, homogenous product that is devoid of dirt and other objects. It has a propensity to take in moisture from the atmosphere. The monohydrate (Na2CO3.H2O) of light sodium carbonate is hydrated to provide granular sodium carbonate, which is subsequently dried to improve the crystal size and density of the final product. These crystals combine with sand to create a homogenous mixture that is crucial for glass production due to its sand-like particle size. This is the primary application for granular soda ash. In the steel industry, granular soda ash is used to remove sulfur from iron ore in blast furnaces. Additionally, it increases slag fluidity, guaranteeing the blast furnace runs more smoothly and continuously. Thus, owing to the above-mentioned benefits of granular soda ash, its adoption is surging in India. This, in turn, is fueling the market growth.

India Soda Ash Market Segment Analysis – By Application

The cleaning products segment held the largest India Soda Ash Market share in 2021 and is forecast to grow at a CAGR of 4.1% during the forecast period 2022-2027. Soda ash-based detergents and soaps are often utilized in household and industrial cleaning to ensure high cleaning efficiency with less use of water. The surging demand for cleaning products, increasing disposable income, higher standard of living and other similar factors are the key determinants driving the cleaning industry growth in India. For instance, according to a recent survey conducted by Singapore-based home appliance company Dyson in May 2022, 46% of Indians have significantly increased the frequency of cleaning their homes. It also added that 2 in 3 people clean 5-7 times per week, the most frequent of the South East Asian countries surveyed. The rise in cleaning activities in India is accelerating the cleaning industry growth in the country. Hence, the cleaning industry growth in India is fueling the demand for detergents and soaps. This, in turn, is aiding the India Soda Ash Market size growth.

India Soda Ash Market Drivers

Surging Demand for Glass

In the glass industry, particle size and density of the raw materials used are critical to the desired properties of the final product. Soda ash lowers the melting temperature of the sand used in glass formulations, while alkali aids in the 'workability' or formation of the glass particle. 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. It would build a new float glass facility, which would utilize soda ash in the manufacturing of glass. Also, Saint-Gobain launched the new float glass production line in Sriperumbudur, near Chennai, India, in January 2019. This cutting-edge facility was part of the Saint-Gobain World Glass Complex, which already housed two floats, two coaters, advanced glass processing units for the construction industry, fire safety, the automotive industry (Sekurit) and a mirror line. This facility is utilizing soda ash for the manufacturing of glass. Thus, the growing adoption of soda ash for the Indian glass industry is driving the India Soda Ash Market share.

Booming Food and Beverage Industry

Soda ash, derived from sodium chloride and limestone, is used as an intermediate by food and beverage manufacturers to make products that sweeten soft drinks (corn sweeteners), relieve physical discomfort (sodium bicarbonate) and improve foods (phosphates). The surging demand for packaged food, increasing disposable income of people and other factors are the driving factors for the Indian food and beverage industry growth. For instance, according to Invest India, the food processing industry of India grew at an average annual rate of around 11.18 percent over the five years ending 2019-20. Furthermore, there were only two Mega Food Parks in the country in 2014. As of August 2021, 22 Mega Food Parks are operating in India. The goal now is to increase their number to more than 40. Therefore, the growth of the food and beverage industry in India is driving the demand for Soda Ash, which in turn, is aiding the market growth.

India Soda Ash Market Challenge

Availability of Substitute Products

There are various substitutes for Soda Ash, including caustic soda, sodium silicate and many more. These substitutes have various similar and superior properties and advantages over soda ash, which may limit the soda ash market growth in India. For chemical precipitation, caustic soda is used because of its advantages, such as generating less sludge than lime or lime-soda ash processes. Moreover, in India, the production of caustic soda is higher compared to soda ash. For instance, according to the Alkali Manufacturers Association of India, in 2020, the production of soda ash in India was 23.03 Lakh MTPA, while the production of caustic soda was 26.70 Lakh MTPA. The production of caustic soda was 15.93% higher than soda ash in India in 2020. Thus, the availability of substitutes may limit the India Soda Ash Market growth during the forecast period 2022-2027.

India Soda Ash Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the India Soda Ash Market. The top 10 companies in the India Soda Ash Market are:

1. Tata Chemicals Limited (India) 2. Nirma Limited (India) 3. Gujarat Heavy Chemicals Ltd. (GHCL) 4. DCW Limited (India) 5. Caprolactam Chemicals Ltd. 6. Chemfab Alkalis Ltd. 7. Punjab Alkalies & Chemicals Ltd. 8. Lords Chloro Alkali Ltd. 9. Jayshree Chemicals Ltd. 10. Kanoria Chemicals & Industries Ltd.

Recent Developments

• In April 2022, GHCL launched a greenfield project in Soda Ash. The greenfield project would include an investment of INR 3,500 crore (US$460.6 million) over the next three years to expand the soda ash business in India.
• In July 2019, Tata Chemicals, the world's second-largest soda ash manufacturer, received approval to expand its soda ash plant in Gujarat for INR 1,042.07 crore (US$150.33 million). The expansion's construction would be completed by the end of 2022.