Thailand Soda Ash Market Synopsis
The growth of Thailand soda ash market is driven by an increasing glass industry growth, as well as the rise in the number of construction projects across the country, resulting in a higher demand for soda ash. Such as the EEC Development Plan, a $45 billion initiative set to be completed by 2026, which focuses on transforming the eastern region into a leading economic zone. Over the years, the escalating investment in the construction sector is poised to significantly drive the demand for soda ash. This increased demand is expected to be particularly notable in the manufacturing of building materials, and the glass industry, fostering the growth of the soda ash market in Thailand.
According to the research, Thailand Soda Ash Market size is projected to grow at a CAGR of 3.5% during 2024-2030. The Thailand soda ash market is set for significant expansion in the coming years, fueled by the nation's extensive construction plans across the transportation, commercial, and residential sectors. Key initiatives include the Thailand 4.0 Policy, a comprehensive 20-year infrastructure development strategy with a budget of approximately $30 billion. Upcoming projects, such as the Southern Thailand Satun Airstrip ($115 million), Mukdahan Airstrip ($470 million), and residential developments like Origin Play Bangkhunnon (476 units) and So Origin Siriraj (256 units) would generate soda ash demand during the forecast period.
The Thailand Government plans to turn Thailand into the main regional aviation hub within this decade Plans are in place to expand existing airports and construct new ones. A notable project is the expansion of Suvarnabhumi International Airport to add new terminals and build 2 more runways. Once completed, the airport will be able to handle 150 million passengers annually, up from 60 million. The burgeoning infrastructure development is expected to heighten the demand for glass products, including windows and architectural glass which in turn would drive the demand for soda ash, an essential raw material in the production of glass.
Market Segmentation by Types
Natural soda ash is projected to experience accelerated growth in the Thailand soda ash industry in the coming years due to its versatility and increasing demand across various industries. It plays a crucial role in the production of detergents and soaps by acting as a water softener and pH regulator, and is essential in water treatment processes for adjusting pH levels and aiding in purification. Additionally, in the food industry, natural soda ash serves as a valuable additive (E500) for leavening, stabilizing, and anti-caking.
Market Segmentation by End Use
In 2023, the glass industry held the majority revenue share for soda ash in Thailand. This was driven by significant growth in infrastructure projects, such as the Eastern Economic Corridor (EEC) and smart city initiatives, which increased the demand for flat glass and glassware. Additionally, the expanding automotive industry, with its substantial use of glass for windows and windscreens, further boosted soda ash consumption necessary for glass production.
Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
- Key Highlights of the Report
- Thailand Soda Ash Market Overview
- Thailand Soda Ash Market Outlook
- Thailand Soda Ash Market Forecast
- Historical Data and Forecast of Thailand Soda Ash Market Revenues for the Period 2019-2029F
- Historical Data and Forecast of Thailand Soda Ash Market Revenues By Product Type, for the Period 2019-2029F
- Historical Data and Forecast of Thailand Soda Ash Market Revenues, By Distribution Channel for the Period 2019-2029F
- Historical Data and Forecast of Thailand Soda Ash Market Revenues, By Regions for the Period 2019-2029F
- Non-Alcoholic Beer Market - Trends & Evolution
- Market Drivers and Restraints
- Thailand Soda Ash Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Thailand Soda Ash Market Revenue Share, By Companies
- Company Profiles
- Key Strategic Recommendations
- Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Natural
- Synthetic
By End Use
- Glass
- Chemicals
- Soap and Detergents
- Water Treatment
- Pulp and Paper
- Metal Processing
Table of Contents
1 Executive Summary
Companies Mentioned
- Solvay
- American Natural Soda Ash Corporation
- Stellar Exports
- Tata Chemicals International Pte Ltd
- Genesis Energy
- Chemwork Company Limited
- Chemate Group
- Ciner Group
