Australia Soda Ash Market size is projected to grow at a CAGR of 5.6% during 2023–2029

By type, the natural soda ash segment attained the highest revenue share in Australia soda Ash Market – 6Wresearch

Natural soda ash accounted for the highest revenue share in Australia's Soda Ash Market in 2022 owing to its cost-effectiveness nature. Moreover, the natural type of soda ash uses less energy and contains fewer impurities such advantages are primarily fuelling the demand for the industry which would further drive the growth of the segment during the forecast period.

According to 6wresearch, Australia Soda Ash Market size is projected to grow at a CAGR of 5.6% during 2023–2029. During the forecast period, the soda ash market is expected to increase on account of increasing consumption of wine with the number of Australians drinking wine increasing from 8,096,000 pre-pandemic to 8,898,000 in the 12 months to March 2023. Moreover, glass bottle is mostly preferred for wine packaging, and since soda ash is one of the key component for the manufacture of glass, thereby growing consumption of alcohol would drive the soda ash market demand. Rising investment in the infrastructure industry for instance several multi-million-dollar infrastructure projects such as the $608 million Queen Street Office Tower, and $3.5 billion Western Sydney Airport among others would generate demand for glass products including windows, doors, facades, and other architectural elements and since soda ash is one of the key raw material in the production of glass, particularly in the making of flat glass for windows and fiberglass, soda ash market is anticipated to grow.

According to Shivankar, Research Manager, 6Wresearch, substantial investments in the commercial and residential sectors along with government initiatives to accelerate the number of affordable housing strategies such as Queensland housing strategy 2017-2027 and infrastructure investment of $647 billion, from 2021-22 to 2025-26 are boosting the new construction and fuelling the demand of glass products thus driving the growth for soda ash market as it is an essential raw material in the production of glass.

The Australia Soda Ash Market (2023-2029) report provides an in-depth analysis with 16 figures and 3 tables, covered 58 pages. The report comprehensively covers the market by type and end use. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.