Global Caustic Soda Market Industry 2023

Caustic Soda Market GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023

Caustic Soda Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

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Caustic Soda Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

We have produced a new premium report Caustic Soda Market. The report covers the analysis of global as well as regional markets of Caustic Soda. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Caustic Soda Market by application(alumina, detergents, food, inorganic, organic chemicals, pulp & paper, soaps) through main geographies in the Global Caustic Soda Market such as North America, Europe, Asia-Pacific and RoW. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Caustic Soda Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Caustic Soda Market are Formosa Plastics Corporation, Hanhwa Chemical Corporation, Ineos Group Limited, Occidental Petroleum Corporation, PPG Industries, Solvay SA, Tata Chemicals, The Dow Chemical Company, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd. The global market size of caustic soda was worth USD 33816.0 million in 2016 and it is projected to expand at a CAGR of 4.8% to reach USD 46866.1 million in 2023.

Caustic soda is also known as lye, sodium hydrate, and sodium hydroxide. Caustic soda is an inorganic odorless material with strong base and highly corrosive properties. It dissolves in ethanol, methanol, and water. Caustic soda is also available in solid forms such as flakes, granules, and pellets. It is obtained as a co-product, during the electrolytic process for the manufacturing of chlorine, using technologies such as diaphragm cells, mercury cells and membrane cells. Sodium chloride is the base raw material for the process and it splits during the electrolytic process to give sodium and chlorine. The sodium further reacts with water in the cells to provide caustic soda and hydrogen. Caustic soda produced by lime soda process has lesser quality. Caustic soda is a good reactant and hence finds application in the extraction of metals such as alumina and zinc. Moreover, it is widely used for the production of various inorganic chemicals. Caustic soda finds several applications as an auxiliary chemical in industries such as pulp & paper, textiles, oil & gas, detergents, cleaning Š Infinium Global Research

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Caustic Soda Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

products and others. Additionally, caustic soda finds application for the acids neutralization, pharmaceutical compounds synthesis, and rubber recycling.

For More Details Get Free Few Sample Pages of this Premium Report: https://www.infiniumglobalresearch.com/reports/sample-request/68 Caustic soda garners a share of more than 40% among the inorganic chemicals in terms of volume of consumption worldwide. Demand from the organic chemicals industries account for a significant portion of the volume of caustic soda market. The increasing demand from end user industries such as pulp, paper, and textiles is expected to the drive the growth of the global caustic soda market. The increasing demand for alumina from the automobile industry is boosting the growth of the global caustic soda market during the estimated period.

Owing to the stringent regulations opted by governments in various countries for many industries for the environmental harm caused by the highly corrosive as well as reactive traits of caustic soda is a major restraining factor hampering the growth of the global caustic soda market. The prospects of global caustic soda market depend on the demand for chlorine, as caustic soda is a co-product obtained during the chlorine manufacturing process. The lower demand for chlorine from PVC manufacturing industry is expected to influence the volume of production of the caustic soda during the forecast period. As production of caustic soda involves higher power consumption, market growth is expected to face a major challenge of higher manufacturing cost. Higher price fluctuation for caustic soda in the commodities spot market is also expected to pose a major restraint for the major players in the market during the forecast period.

Segments Covered: The report segments the global caustic soda market by application and region. On the basis of application, the market is segmented as alumina, detergents, food, inorganic chemicals, organic chemicals, pulp & paper, soaps, steel/metallurgy-sintering, textiles, water treatment and others. Š Infinium Global Research

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Caustic Soda Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Geographic Coverage and Analysis: The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.The global market size of chlorine was dominated by the Asia-Pacific region among the geographies. The market size of AsiaPacific chlorine market was worth USD 15957.4 million in 2016 and it is projected to reach USD 22906.5 in 2023, growing at a CAGR of 5.3% between 2017 and 2023. In terms of volume, the market size of Asia-Pacific chlorine market is projected to reach 58026.6 kilo tons in 2023, growing at a CAGR of 4.4% between 2017 and 2023.

China is the largest consumer and producer of caustic soda. The phenomenal increase in demand from textile industry in countries such as China, India, Taiwan, and Vietnam is expected to drive the growth in the Asia-Pacific market. Going forward, European caustic soda market is expected to experience a moderate growth as the market has attained maturity in this region. North America accounted for approximately 20% share in the global caustic soda market in 2017. The U.S. drives the relatively matured North American caustic soda market. South America is a major exporting destination for the major players in global caustic soda market. The demand for consumer products in the major emerging countries such as Brazil is expected to drive the growth of caustic soda market in South America.

Africa is a major untapped market with ample opportunities for major players to expand during the forecast period. The heavy investments in research and development for the development of efficient production processes as well as new products are expected to create new opportunities for major players in the global caustic soda market during the forecast period.

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Caustic Soda Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Major Key Players Mentioned in this Premium Report The companies covered in the report include Formosa Plastics Corporation, Hanhwa Chemical Corporation, Ineos Group Limited, Occidental Petroleum Corporation, PPG Industries, Solvay SA, Tata Chemicals, The Dow Chemical Company, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd. Report Highlights: The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of caustic soda globally as well as regionally. Moreover, IGRGrowth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of caustic soda.

Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the caustic soda market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market.

This report will help manufacturers, suppliers, and distributors of the caustic soda market to understand the present and future trends in this market and formulate their strategies accordingly.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-caustic-soda-market

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