According to Technavio’s latest market research study, the global washing soda market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global washing soda market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global washing soda market for glass: Washing soda, owing to its temperature controllability, is essential for defrosting silica that serves as a chief element in glass fabrication. APAC holds the major share of the glass application segment of the global washing soda market. Technavio’s market research analysts estimate the global washing soda market for glass to account for a revenue of more than USD 10 billion.
“The high growth of the market is attributable to the growing demand for flat glass in modern construction activities in the emerging economies of APAC. The rising demand for washing soda from silicates and fiberglass is expected to propel the market growth for washing soda in the coming years,” says Ajay Adikari, a lead analyst at Technavio for research on specialty chemicals.
Global washing soda market for chemicals: Chemical manufacturers use washing soda for regulating pH in various chemicals processing streams. The use of washing soda for manufacturing chemicals, which are used for various purposes, will propel the global washing soda market during the forecast period. The global washing soda market for chemicals is projected to register growth at a CAGR of more than 6% by 2021.
Global washing soda market for soaps and detergents: Washing soda functions as an organic builder in the manufacturing of soaps and detergents. It is used for a wide spectrum of purposes from laundry booster to water softener. Owing to its advantages such as reserve alkalinity and absorption capacity, washing soda is widely used in soaps and detergents. Its high alkaline nature makes it well suited for household applications such as degreasing, shining, and cleaning tough stains mainly from clothes, utensils, floors, and other surfaces.
The top vendors operating in the global washing soda market are:
- Solvay
- Tata Chemicals
- FMC
- Ciner Group
- GHCL
Other prominent vendors in the market include CIECH, DCW, Oriental Chemical Industries, and Soda Sanayii.
A more detailed analysis is available in the Technavio report titled, ‘Global Washing Soda Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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