IHS Expects China to Drive Soda Ash Market

Soda ash is a basic chemical product essential for glass production and other industrial uses. Despite lingering weakness in many soda ash markets, developing economies -- including China and India -- are driving demand growth and fueling market volatility for soda ash, according to a report by IHS.

IHS is hosting the Soda Ash Technology Training Workshop Sept. 30 and the IHS Chemical World Soda Ash Business Outlook briefing Oct. 1 at the Kempinski Hotel Corvinus in Budapest. 

Despite a global oversupply, world demand for soda ash totaled an estimated 54 million metric tons (MMT) in 2012, and is projected to increase almost 75 MMT by 2022, according to the IHS report. This reflects a nearly a 40 percent increase in volume. The study covers historical developments and future projections for supply, demand, capacity and trade in the global soda ash markets for 2007 to 2017.

“On a global basis, capacity is considerably in excess of demand,” said Marguerite Morrin, director, Global Soda Ash Services at IHS Chemical and one of the authors of the annual study.  “However, since much of the overcapacity is in China and high costs prohibit any real surge in exports, much of the excess capacity in China is, in effect, stranded. Due to the global cost disparities, relative production costs will be a key issue for the soda ash industry in the future. We will explore this more fully during the business briefing in Budapest.”

Glass is the dominant end use for soda ash, accounting for more than half of global demand at 52 percent. Detergents account for 14 percent of global soda ash demand followed by chemical production at nine percent, production of alumina and metals and mining at six percent, and pulp and paper at one percent. Remaining demand is attributable to other uses, including environmental applications, such as effluent treatment and in acid-waste reduction.

To view the current agenda for the IHS World Soda Ash Business Outlook 2013 or to register for the event, visit www.ihs.com/sodaash2013.

More News:

  • DuPont Challenge Encourages Entries For 2015 Competition

    The DuPont Challenge encourages students to develop a better understanding and passion for STEM by researching and writing an informative essay offering solutions to today’s challenges regarding food, energy, protection and innovation, or a story on a science discovery.

  • SOCMA Hosts 93rd Annual Dinner And Awards Showcase

    The Society of Chemical Manufacturers and Affiliates (SOCMA) is returning to the New York Marriott Marquis Times Square on December 8, 2014, for its 93rd Annual Dinner honoring Performance Improvement Award winners and featuring a Leadership and Business Development Speaker Showcase.

  • Summit Features Bio-Based Tech Startups

    The 6th Next Generation Bio-Based & Sustainable Chemicals Summit, February 3 – February 5, 2015, in New Orleans, LA brings together bio-based tech startups, specialty chemical manufacturers, chemical majors, feedstock providers, financiers and strategic venture capitalists to explore bio-based chemicals.

  • Flint Hills Resources Will Cease Marysville Operations

    Flint Hills Resources plans to close its Marysville, Michigan polypropylene facility.

  • EFCE Seeks Award Nominees

    Award honors outstanding thesis in thermodynamics or transport properties

  • British Safety Regulator Gets New Head

    Executive has worked in both the public and private sectors

  • AkzoNobel Partnership Investigates Waste As Feedstock

    AkzoNobel is part of a major Dutch partnership working with Canada's Enerkem to explore the use of waste streams as a feedstock for chemical production and the development of waste-to-chemicals facilities.

  • Scientist And CorningWare Inventor Stookey Dies

    S. Donald Stookey, credited with inventing CorningWare, died on Tuesday, November 4 at the age of 99.

  • DOE Funds New Gasification Research

    The Department of Energy announced new investments in gasification research.

  • SOCMA Awards Honor EHS&S Improvement

    More than 28 member facilities will receive 2014 Performance Improvement Awards for their outstanding commitment to continuous improvement in environmental, health, safety and security (EHS&S) practices at the Society of Chemical Manufacturers and Affiliates (SOCMA) 93rd Annual Dinner on December 8 in New York.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments