This report provides exclusive insights into the COVID-19 impact on the Caustic Soda Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Caustic Soda Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Caustic Soda Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on caustic soda market provides in-depth analysis of
segments and sub-segments in the global as well as regional caustic soda
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional caustic soda market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global caustic soda market. According to the
report, the global caustic soda market is projected to grow at a CAGR of 4.8%
over the forecast period of 2019-2025.
Caustic soda is also known as lye,
sodium hydrate, and sodium hydroxide. Caustic soda is an inorganic odorless
material with a 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. 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
also finds several applications as an auxiliary chemical in industries such as
pulp & paper, textiles, oil & gas, detergents, cleaning products, and
others. Additionally, caustic soda is used for the acids neutralization,
pharmaceutical compounds synthesis, and rubber recycling.
The global demand for caustic soda
is growing at a substantial pace owing to growing application industries such
as aluminum, soap, and detergents among others. Caustic soda garners a share of
more than 40% among the inorganic chemicals in terms of volume of consumption
worldwide. The increasing demand from ends user industries such as pulp, paper,
and textiles is expected to drive the growth of the global caustic soda market.
Furthermore, the increasing demand for alumina from the automobile industry is
boosting the growth of the global caustic soda market during the estimated
period. 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.
The global chlorine market was
dominated by the Asia-Pacific region among the geographies. China is the
largest consumer and producer of caustic soda. The phenomenal increase in
demand from the textile industry in countries such as China, India, Taiwan, and
Vietnam is expected to drive growth in the Asia-Pacific market. Going
forward, European caustic soda market is expected to experience 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 the 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.
The report on global caustic soda market covers segments such as applications. On the basis of applications, the
sub-markets include pulp & paper, organic chemical, inorganic chemical,
soap & detergent, alumina, water treatment, textile, and other
The report provides profiles of
the companies in the market such as 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, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into 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 DRO
analysis of caustic soda market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.