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 applications.
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.
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