Global Caustic Soda Market is expected to grow at CAGR of 6.85% during the forecast period 2019-2026.
Global Caustic Soda Market
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Caustic Soda Market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Caustic Soda Market.
Global Caustic Soda Market: Overview
Caustic soda is common name for sodium hydroxide (NaOH). Caustic soda is available in solid, flake, or powder form Caustic soda is obtained commercially as white solids and as solutions of various concentrations in water. It is used as a raw material to make many chemicals used in the alumina, paper, textiles, dyes, refinery and other industries, pure caustic soda is used for making candles or soap and Impure caustic soda is found in drain cleaner. It is used to make illegal drugs, it’s harder to buy large quantities than in the past. The growth of the Caustic Soda market is driven by a number of reasons such as rising demand for Alumina in the Industry. In Asia-Pacific, China and India, these countries are the major markets for pulp and paper production, while in Europe, Sweden and Finland accounted for approximately 60% of the European pulp production in 2017. In North America, there are about 110 pulp mills in the United States and Canada together, which used over 3 million metric ton of caustic soda every year.
Global Caustic Soda Market: Drivers and Restraints
The growth of the Caustic Soda market is highly driven by a number of reasons such as , the manufacturing companies all over the world are investing huge fund and efforts on producing caustic soda by increasing the production capacity or opening up new production plant, to fulfill the rising demand from different parts of the industry as caustic soda is used in a vast variety of products and industries, growing demand from the chemical industry and increasing demand for Alumina Industry with many benefits, such as safest, quickest, cost-effective , environmentally-friendly and reducing emissions, without compromising safety and long-life, in cars such as automobiles.On the other hand, its harmful effects on human health and the environment over the predicted time period, will hamper the growth of caustic soda market during near future.
Global Caustic Soda Market: Segmentation Analysis
On the basis of application, alumina segment had largest market in 2018 and is expected to grow at highest rate during forecast period, Owing to increasing use of aluminum in transportation sector, use of aluminum is increased to reduce vehicle weights by automotive makers. Moreover, increasing use of aluminum in automotive and transportation sector along with rising vehicle production.
Global Caustic Soda Market: Regional Analysis
Asia pacific region driven by China, had largest market share of caustic soda in 2018 and is expected to grow at highest rate during forecast period. China is the largest producer of caustic soda, as well as consumer. China has large number of pulp and paper producing industries in the world, as a result of its large land area (22.5%). With the help of growth in the pulp and paper industry, is coupled with the rising demand from other sectors. Asia-Pacific region, followed by Europe and North America. The major markets in developing economies include China, India, South-East Asian and South American countries; whereas major markets in developed countries are, U.S., Russia, Germany, and France.
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Scope of Global Caustic Soda Market
Global Caustic Soda Market, by Product
• Liquid Caustic Soda
• Solid Caustic Soda
• Caustic Soda Flake
• Caustic Soda Particle
Global Caustic Soda Market, by Production process
• Membrane Cell
• Diaphragm Cell
• Other Production Processes
Global Caustic Soda Market, by Application
• Pulp & Paper
• Organic Chemical
• Inorganic Chemical
• Soap & Detergent
• Alumina
• Water Treatment
• Textile
• Other Application
Global Caustic Soda Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Caustic Soda Market
• DowDuPont
• Hanhwa Chemical
• Solvay S.A.
• Ineos Group Limited
• Occidental Petroleum Corporation
• PPG Industries, Inc.
• Tata Chemicals Limited
• Tosoh Corporation
• Xinjiang Zhongtai Chemical Co. Ltd.
• Formosa Plastics Corporation
• Other Companies
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