Caustic Soda Market 2018 : Industry Growth, Trends, and Forecast Report, To 2025
The report provides a clear image of this Caustic Soda Market scenario and so the expected method forward for the trade. The report focuses on the premise of market drivers, restraints, growth, trends, and forecast for the period of 2018-2025. In addition, the report collectively maps the market performance by value chain analysis which may facilitate in higher product differentiation besides the analysis of each innovate terms of size, share, market attractiveness index and rate of growth.
Caustic soda, an inorganic compound produced by electrolytic (chloroalkali) process has strong alkaline properties. Its chemical name is sodium hydroxide (NaOH) which is a white solid soluble in water, ethanol and methanol and available in pellets, flakes, granules, etc. it is used as a strong chemical base in industries like pulp and paper, textiles, drinking water, soaps and detergents, water treatment, aluminum production, food processing, and forensic applications, among others.
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Caustic soda readily reacts with elements like zinc and aluminum; hence, it is widely used in the extraction of these elements, especially alumina extraction. Caustic soda is widely used for chemical pulping, tissue digestion, dissolving amphoteric metals and compounds, esterification and transesterification reagent, food preparation, cleaning agent, etc. Applications as pulp & paper, textiles, chemicals, soaps & detergents, aluminum, food, and others segment global caustic soda market. Pulp & paper industry is the largest application of global caustic soda market.
Companies in the global caustic soda market are Dow Chemical Company, Olin Corporation, AkzoNobel N.V., Reliance Industries Limited, Occidental Petroleum Corporation, Tata Chemicals Limited, Befar Group Co. Ltd., Shintech Inc., Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Solvay SA, FMC Corporation, Nirma Limited, Formosa Plastics Corporation, Shin-Etsu Chemicals Co., Ltd, Axiall Corporation, INEOS ChlorVinyls and Bayer Material Science AG.
Asia Pacific is the leading region in terms of demand for global caustic soda market especially in pulp & paper and textiles industries. China, Australia and India are adding to the demand for caustic soda in aluminum, detergents and chemical sectors. North America is facing a downfall in caustic soda market. Declining consumptions of the downstream product – PVC, has hampered the growth of the global caustic soda market, particularly in North America and Europe.
Table Of Contents – Overview
4.Caustic Soda Market Analysis By Applications
5.Caustic Soda Market Analysis By Region
6.Competitive Landscape Of Caustic Soda Companies
7.Company Profiles Of Caustic Soda Industry
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