Overview of the global washing soda market

Market research analysts at Technavio predict that the global washing soda market will grow steadily during the forecast period and post a CAGR of more than 6% by 2021. This market research analysis identifies the advantages of washing soda in various industries as one of the primary growth factors for this market.  Properties of washing soda such as reserve alkalinity and absorption capacity which makes it suitable for household applications, personal care, and water treatment industries. The washing soda has various uses such as an electrolyte in laboratories, as a fertilizer in agriculture, enhancing the alkalinity in swimming pools. Additionally, it is also used for refining air and as a moistening agent in the brick industry. This demand from various industries will consequently fuel the growth of the market.

Industrial expansion has led to the growth of the residential construction sector and the flat glass construction industry. The increase in population has triggered the demand for increased residential construction. Since the major usage of washing soda in residential construction is in the fabrication of flat glass, this increase in population that fuels the growth of the construction and industrial sectors, will subsequently drive the demand for washing soda.

Competitive landscape and key vendors

The market is characterized by the presence of few large vendors and is intensely competitive. Entry of new entrants to the market is restricted and the market is predicted to grow steadily due to increased demand in various applications in addition to rapid industrial expansion and intense demand from the emerging economies. Vendor competition is mainly based on factors such as price and product quality and the market witnesses the entry and exit of a considerable number of smaller firms.

The leading vendors in the market are -

• Solvay
• Tata Chemicals
• FMC
• Ciner Group
• GHCL

The other prominent vendors in the market are CIECH, DCW, Oriental Chemical Industries, and Soda Sanayii.

Segmentation by application and analysis of the washing soda market

• Soaps and detergents
• Chemicals
• Glass

During 2016, the glass segment accounted for the major shares and dominated this market. Flat glass fabrication is an integral part of modern construction activities in the emerging countries. The steady growth of modern construction activities demands increased flat glass fabrication subsequently increasing the demand for washing soda. Additionally, factors such as the increased investments in modern construction activities and the growth in housing in major environments, will also contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the washing soda market

• Americas
• APAC
• Europe
• ROW

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. APAC is facing steady growth in the building and construction, soaps and detergents, and personal care industries which is triggering the growth of the washing soda market. This region also faces water contamination and pollution which can be treated by using washing soda which is a cost-effective solution, subsequently triggering its demand. The introduction of regulations regarding the use of soda in the region are expected to support the demand for high-quality, eco-friendly, and chemical-free soda.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global washing soda market?
• What are the key market trends impacting the growth of the global washing soda market?
• What are the challenges to market growth?
• Who are the key vendors in the global washing soda market?
• What are the market opportunities and threats faced by the vendors in the global washing soda market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global washing soda market? 

Technavio also offers customization on reports based on specific client requirement.

Washing soda is a white, odorless powder, which is immensely alkaline in nature. It is manufactured from cost-effective raw materials such as trona and is used as a cleaning agent, as well as for water softening and regulating pH. This upcoming industry research report by Technavio is an intrinsic part of the chemicals and materials portfolio and gives insights into high growth markets like specialty chemicals, additives, adhesives, and sealants, and plastics, polymers, and elastomers. To help clients achieve traction over their peers, Technavio offers expansive knowledge on the all leading vendors and their products and services in the chemicals and materials industry.

Technavio’s market research specialists follow a large-scale research approach of primary and secondary techniques and also carry out an extensive analysis of the demand-supply shifts in various markets spanning different geographical areas. To enable clients to come up with new schemes for growth, our upcoming industry research report on the global washing soda market for the period of 2017 to 2021 reveals deep insights sketched from the statistics gathered from sources of market intelligence, such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the global washing soda market also considers the growth of similar markets like caustic soda and asphalt, which are expected to grow at a CAGR of about 3% and close to 4%, respectively, by the year 2021. According to our industry research analysts, the rise in population and urbanization and higher investments in management of water and wastewater treatment facilities worldwide are the primary factors boosting the growth of the specialty chemicals industry for the next few years. Based on the requirements of clients, Technavio also provides customized reports, which can assist local vendors and global players fortify their presence in the chemicals and materials industry.

The upcoming industry research report on the global washing soda market showcases the market drivers, emerging market trends, and setbacks faced by the specialty chemicals industry and also presents a complete overview of markets like glass and ceramics, olefins, paints, coatings, and pigments, and textile, fiber, and composites.