Thailand Soda Ash Market size is projected to grow at a CAGR of 3.5% during 2024–2030

On the basis of type, natural soda ash category accomplished the highest revenue share in Thailand Soda Ash Market – 6Wresearch

In 2023, Natural soda ash held the majority revenue share in Thailand due to its significant domestic demand across various industries, such as detergents, chemicals, and water treatment. Natural soda ash, primarily sourced from trona deposits in the U.S. and Turkey, has a dominant share in the country.

According to 6wresearch, Thailand Soda Ash Market size is projected to grow at a CAGR of 3.5% during 2024–2030. Thailand's construction sector has been expanding, contributing approximately 4.2% to the country's GDP in 2022. The total value of construction investments in Thailand for that year was estimated at around $34 billion. Future projects are expected to have a significant value of approximately $100 to $150 billion, accounting for about 30-40% of the total construction investment in the coming years.

The growth trajectory of Thailand's construction sector continues, driven by government initiatives such as the Thailand 4.0 Policy and the Eastern Economic Corridor (EEC) Development Plan. The Thailand 4.0 Policy, a 20-year strategy to promote infrastructure development, has a budget of around $30 billion. The EEC Development Plan, a $45 billion initiative, is a 5-year plan expected to be completed by 2026. These initiatives aim to achieve key objectives like improving the sustainability of the country's economic and governance systems, enhancing the quality of life, and strengthening infrastructure resilience. Additionally, the construction sector is poised for further growth in the coming years, supported by several multi-million-dollar projects, including the $36 billion Bangkok Mass Transit System Expansion and the $3.8 billion One Bangkok project and others

The growth in the construction sector is expected to drive up the need for glass products like windows and architectural glass, leading to increased demand for soda ash, a vital ingredient in glass production. Furthermore, soda ash plays a crucial role in producing sodium silicate, a key compound used in various construction applications such as paints, cement, and adhesives. Therefore, the anticipated rise in construction activities is set to fuel the demand for soda ash in the upcoming period.

According to Parth, Senior Research Analyst, 6Wresearch, the pulp and paper industry is expected to see the highest demand for soda ash in the coming years due to its critical use in the Kraft process for pulping wood. This demand surge is driven by the growth in paper product consumption, particularly in packaging and commercial applications.

Thailand Soda Ash Market (2024-2030) report provides an in-depth analysis with 9 figures and 4 tables, covered in 59 pages. The report comprehensively covers the market by types 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.