Latin America Soda Ash Market - Forecast (2021 - 2026)
Latin America Soda Ash Market size is forecast to reach $1,351.5 million by 2026, after growing at a CAGR of 5.3% during 2021-2026. Growth of the Latin America soda ash market is mainly attributed to its wide-ranging applications across chemical, soaps & detergent, water treatment, and various other end-user industries. Increasing usage of soda ash in the manufacturing process of various glass and glass products is anticipated to raise the growth of the market. Additionally, the rising demand for light, medium, and dense grade soda ash due to its alluring properties from various end use sectors will also drive the market growth. Furthermore, the broader use of naturally available raw materials, i.e., Trona, due to their low-cost advantages, will upsurge the Latin America soda ash industry over the forecast period. Impact of Covid-19 The rapid surge of coronavirus has had a huge effect on Latin American markets as large markets had been locked-up mode in 2020. Because of this major ...