The global soda ash market is performing quite well these days,with the demand for the product forecast to reach the pre-recession levels in the near-term.Key soda ash application fields,like flat glass and detergents,are expected to support the market growth in future.Container glass and flat glass production will grow by nearly 3%annually and gain major share in the total glass industry,which will positively impact the worldwide soda ash market.
The Asia-Pacific,driven by large-scale production of glass in China and India,represents the largest and fastest growing regional market for soda ash worldwide,and it is expected to maintain its dominance in the market in the forthcoming years.The consumption of soda ash in the Asia-Pacific is expected to grow at an estimated CAGR of 4.8%up to 2017.The developed economies including the US,Western Europe and Japan,representing the mature markets of soda ash,are projected to report a marginal growth in the long term.
