[Online Quarterly Update] Soda Ash demand in India grew at a CAGR of 5.54% during 2013-2019 and is anticipated to achieve a healthy CAGR during the forecast period. Increasing the use of Soda Ash in dyes, coloring agents, synthetic detergents and fertilizers is anticipated to spur the demand for Soda Ash in India. Moreover, government initiatives such as the promotion of small and medium scale Sodium Bicarbonate and the Ammonia processing industries near Soda Ash manufacturing units would further contribute to the growth of the Soda Ash demand in the country. The Indian government is putting lots of effort to improve the condition of the market of Soda Ash buy showing concerns over supplementing its end-users such as Dye Industries, Detergent Industries, Fertilizer Industries, etc. According to a report provided by the Federation of Indian Chambers of Commerce and Industry (FICCI), the chemical industry in India is expected to grow at a robust rate for the next five years. A recent survey suggests that the Indian dyes market is assured to generate a revenue of INR 480 billion by 2022. Additionally, the graph for the Indian detergent market is likely to show a sigmoidal growth curve, hence many small-scale players in the detergent market will be expanding their network in the rural areas in the country. Likewise, major detergent companies such as Hindustan Unilever Ltd. (HUL), Rohit Surfactants Pvt. Ltd. (RSPL), Proctor and Gamble Home Products Ltd. (P&G), etc., are constantly dominating the market due to the customer satisfaction and response they have received. India already has the advantage in terms of production of Soda Ash, owing to the abundance of raw material (Limestone), which is a key component for the production of Soda ash. These factors are expected to contribute to the growth of the Soda Ash market in the country.
Years Considered for this Report:
Historical Years: 2013 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Soda Ash capacity, production,
demand, inventory, and demand – supply gap in India.
• To categorize Soda Ash demand based on end use, region and sales channel.
• To study trade dynamics and company share in India Soda Ash market.
• To identify major customers of Soda Ash in India.
• To evaluate and forecast Soda Ash pricing in India Soda Ash market.
• To identify and profile major companies operating in India Soda Ash market.
• To identify major news, deals and expansion plans in India Soda Ash market.
Report Scope:
In this report, India Soda Ash market has been segmented into following categories:
Major players operating in India Soda Ash market include Tata Chemicals Limited (India), Nirma Limited (India), Gujarat Heavy Chemicals Ltd (GHCL) Limited (India), DCW Limited (India), etc. The Union Environment Ministry in the month of July 2019, has granted the environment clearance (EC) to Tata Chemicals Limited for the expansion of its Soda Ash plant in Gujarat. The expansion of the Soda Ash plant will cost around INR 104 billion.
The Alkali Manufacturers Association of India, which represents INR 260 billion Alkali and Chloro-Vinyl industries, stated that the demand for the Soda Ash has been growing at a rate of over 7% in the last four years. The constant rise in demand from the end user industries has boosted the price of Soda Ash at a rate of 4% in the third quarter of 2019.
To extract data for India Soda Ash market, primary research surveys were conducted with Soda Ash manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Soda Ash market over the coming years.
ChemAnalyst calculated Soda Ash demand in India by analyzing the historical data and demand forecast was carried out considering Sodium Bicarbonate prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Soda Ash manufacturers, suppliers and other stakeholders
• Organizations, forums and alliances related to Soda Ash distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Soda Ash manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
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