Global Caustic Soda Market Growth, Trends And Forecast
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The report titled “Global Caustic Soda Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” seen on DecisionDatabases.com estimated the market value to reach USD 50 BN by 2026 with a CAGR of 3.5% during the period from 2019-2026. The market was valued close to USD 38 BN in 2018. This report provides information on the market drivers, opportunities, restraints and company profiles in the global caustic soda market in terms of revenue and volume.
Caustic soda is an inorganic compound that is produced by the electrolytic process. It has strong alkaline properties and its chemical name is sodium hydroxide (NaOH) which is a white solid soluble in water, ethanol and methanol. It is available in the form of pellets, flakes and granules. It is used as a strong chemical base in industries like pulp and paper, textiles, drinking water, soaps & detergents, water treatment, aluminium production, food processing and forensic applications.
Caustic soda readily reacts with elements like zinc and aluminium thus making it widely used in the extraction of these elements especially aluminium. It is also commonly used for chemical pulping, tissue digestion, dissolving amphoteric metals, esterification and transesterification reagents, food preparation and cleaning agents.
By applications, pulp & paper, textiles, alumina, inorganic & organic chemicals, food, soaps & detergents, water treatment and catalysis are the segments of the global caustic soda market. The organics industry has been found out to be the largest application of the global caustic market with over 18% of the market shares closely followed by the pulp and paper market.
By geography, the global caustic soda market is studied over Asia Pacific, North America, Europe, Latin America and Middle East & Africa. Asia Pacific has been observed as the leading region in terms of demand for the global caustic soda market especially in the pulp & paper and textile industries. However, the declining consumption of the downstream product -PVC has hampered the growth of the global caustic soda market particularly in North America and Europe.
The key players of the global caustic soda market profiled in the study are Dow Chemical Company, Olin Corporation, AkzoNobel N.V., Reliance Industries Limited, Occidental Petroleum Corporation, Tata Chemicals Limited, Befar Group Co. Ltd., Shintech Inc., Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Solvay SA, FMC Corporation, Nirma Limited, Formosa Plastics Corporation, Shin -Etsu Chemicals Co., Ltd, Axiall Corporation, INEOS ChlorVinyls and Bayer Material Science AG. The report covers a description of each key player in terms of H.Q., future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations and new product launches & developments.
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