IMARC Group’s latest research report, titled “Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global caustic soda market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global caustic soda market reached a volume of 78.54 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 88.46 Million Tons by 2027, exhibiting at a CAGR of 1.9% during 2022-2027. Caustic soda, also called sodium hydroxide (NaOH), represents an odorless and non-flammable white solid that is obtained by electrolyzing sodium chloride (NaCl). It is industrially prepared via the electrolytic Chlor-alkali process, in which the electrolysis of aqueous sodium chloride solution produces chlorine and sodium hydroxide. Furthermore, caustic soda is commercially available in the form of granules, pellets, flakes, and aqueous solutions of several concentrations. As such, it is extensively utilized as a raw material across numerous industries, including automotive, food and beverage (F&B), chemical, textiles, etc
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by product type, manufacturing process, grade, and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Caustic Soda Market
- Strategies of major players and product offerings
Market Trends:
The escalating demand for alumina in the construction of passenger coaches is one of the key factors driving the caustic soda market. In line with this, the rising usage of caustic soda in the extraction of alumina is further catalyzing the market growth. Moreover, the widespread product adoption in various chemical products, such as soaps, paint removers, detergents, etc., owing to its corrosive and reactive nature, is augmenting the global market. Besides this, the shifting preferences towards chemical compounds to control acidity and remove heavy metals from water, on account of their easy availability and affordability, are also bolstering the market growth. Furthermore, the elevating product utilization in the production of paper, where it helps dissolve unwanted compounds present in the wood pulp, is anticipated to fuel the caustic soda market over the forecasted period.
Key Players Included in Global Caustic Soda Market Research Report:
- The DOW Chemical Company
- Olin Corporation
- Tata Chemicals Limited
- Solvay SA
- FMC Corporation
- Occidental Petroleum Corporation (OXY)
- Formosa Plastics Corporation
- Ineos Group Limited
- PPG Industries
- Xinjiang Zhongtai Chemical Co. Ltd.
- Tosoh Corporation
- Hanwha Chemical Corporation
- Nirma Limited
- Akzo Nobel
- BASF
- Covestro
- DowDuPont
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Manufacturing Process:
- Membrane Cell
- Diaphragm Cell
- Others
Breakup by Product Type:
- Lye
- Flake
- Others
Breakup by Grade:
- Reagent Grade
- Industrial Grade
- Pharmaceutical Grade
- Others
Breakup by Application:
- Alumina
- Inorganic Chemicals
- Organic Chemicals
- Food, Pulp and Paper
- Soap and Detergents
- Textiles
- Water Treatment
- Steel/Metallurgy-Sintering
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Caustic Soda Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Caustic Soda Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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