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According to IMARC Group’s latest report, titled “Soda Ash Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, the global market reached a value of US$ 17.8 Billion in 2021. Soda ash or sodium carbonate (Na2CO3) refers to a white, crystalline, non-toxic and odorless alkali chemical. It is usually refined from mineral trona and sodium carbonate-bearing brines or can be obtained synthetically. Soda ash finds extensive application in the food and beverage (F&B) industry as an additive, rising agent, acidity regulator, and stabilizer. Apart from this, it is an effective solvent due to which it is widely utilized in stain removers, bleach, detergents, and aromatic dishwashing products.
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The widespread adoption of soda ash across the glass manufacturing industry for producing fiberglass insulation materials and flat glasses for automobiles, housing and commercial buildings represents the prime factor driving the market growth. Additionally, soda ash is extensively used as an active ingredient in shampoos, sanitizers, soaps, coloring agents and dyes, which is propelling the market growth. Apart from this, the rising environmental concerns have prompted governments of various countries to promote the uptake of soda ash in the industrial wastewater treatment applications to maintain optimum pH levels and reduce the amount of sulfur dioxide (SO2), which is an acidic waste generated from industrial exhaust fumes. This, in turn, is contributing to the market growth significantly. Looking forward, IMARC Group expects the global soda ash market to reach US$ 24.5 Billion by 2027, exhibiting a CAGR of 5.6% during 2022-2027.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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