LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global washing soda market is projected to grow to USD 22.65 billion by 2021, at a CAGR of more than 6% over the forecast period.
This research report titled ‘Global Washing Soda Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
| Washing soda, also known as soda ash or sodium bicarbonate, is a white, odorless powder, which is immensely alkaline in nature. The global washing soda market is expected to witness rapid growth during the forecast period owing to its distinctive properties such as alkalinity, excellent absorption capacity, temperature controllability, and cost effectiveness. |
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Based on the application, the report categorizes the global washing soda market into the following segments:
- Glass
- Chemicals
- Soaps and detergents
- Others
The top three revenue-generating application segments in the global washing soda market are discussed below:
Glass
“The washing soda market by glass applications occupied a majority 45% of the total shares in 2016, and is expected to increase its hold over the market through the forecast period,” says Mahitha Mallishetty, a lead analyst at Technavio for specialty chemicals research.
Washing soda, owing to its temperature control properties, is essential for defrosting silica that serves as a chief element in glass fabrication. The use of washing soda in glass fabrication accounts for a substantial share among other applications in the market.
Chemicals
Washing soda is used in chemical applications such as the production of sodium silicate, photographic chemicals, chrome chemicals, and sodium bicarbonate. 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, is expected to propel the global washing soda market during the forecast period.
Soaps and detergents
“A wide array of soaps, detergents, and cleaning products use washing soda as their key ingredient. Washing soda functions as an organic builder in the manufacturing of soaps and detergents,” says Mahitha.
Washing soda provides advantages such as reserve alkalinity and absorption capacity, which drives its wide adoption in soaps and detergents. It is high alkaline nature, which 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 highlighted by Technavio’s research analysts in this report are:
- Ciner Group
- FMC
- GHCL
- Solvay
- Tata Chemicals
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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