Increasing Demand for Renewable Energy to Drive the Demand for Soda Ash in India
- Journalist: S. Jayavikraman
As we know that the focus on renewable energy is increasing which is supported by both government and private sector investments in the sector. This is strongly driving the demand for Soda Ash which has major application in flat glass for solar application.
It is due to this increased demand for Soda Ash which is the reason for upwards firmness in the prices of Soda Ash in India in the recent scenario.
The industries which use Soda Ash as a key ingredient in their manufacturing process have swung back into action post COVID constraints and are working at full operating efficiency.
It is expected that the rise in the demand will continue with sustainable growth foreseen in both the construction and automobile sectors. More significantly, as the focus on sustainability increases, even higher growth is and will continue to be witnessed in the demand for PV solar panels which are made of of high quality solar flat glass.
Soda Ash is a product of the Chlor Alkali process and has major application in glass, chemicals, soaps and detergents, metallurgy, water treatment, pulp & paper. The global demand for Soda Ash stood at around 55 million tons in 2020 and is expected to grow at a CAGR of 5.54%.
As per ChemAnalyst, “the rising demand for renewable energy and more sustainable energy solutions have compelled the countries including India to develop policies regarding increasing the usage of sustainable energy solutions including solar panels which will surely require Soda Ash production. Hence, the demand for Soda Ash will be experiencing growth from the renewable energy sector in the near future.”