Global Caustic soda Market Size study, by Application and Regional Forecasts 2018-2025
Global Caustic soda Market to reach USD XX billion by 2025.
Global Caustic soda Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The major driving factor of global Caustic soda market are depletion of freshwater resources and growing increased demand from fast growing chemical industries. The major restraining factor of global caustic soda market is implementation of new technologies to produce organic chemicals and fluctuating prices due to high energy consumption & uneven production rates. Caustic Soda also known as Sodium Hydroxide. Caustic Soda is an inorganic compound with the chemical formula NaOH. It is white solid ionic compound consisting of sodium cations (Na+) and hydroxide anions (OH-). Sodium hydroxide is a highly caustic base and alkali that decomposes proteins at ordinary ambient temperatures and may cause severe chemical burns. Sodium hydroxide is used to manufacture soaps and a variety of detergents used in homes and commercial applications. It is used to help manufacture a variety of medicines and pharmaceutical products, from common pain relivers like aspirin. Sodium hydroxide also used to extract alumina from naturally occurring minerals. Alumina is used to make aluminum and variety of products including foils, kitchen utensils etc. It is also used in many other manufacturing and industrial process. It is used to manufacture rayon, glass, ceramics, paints etc.
The regional analysis of Global Caustic soda Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific has accounted the leading market share in terms of total generating revenue with exceeding 55% in 2015 across the globe owing to growing chemical industry and increase in number key market players in the region. The expansion of Asia-Pacific region is primarily due to countries such as China, India and Japan. Europe is also the region which contributes maximum share in the global Caustic soda over the coming years. North America region is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The major market player included in this report are:
• FMC Corporations
• Dow Chemical Company
• Occidental Petroleum Corporation
• Ineos Group Ltd.
• Olin Corporations
• PPG Industries
• Tata Chemicals Ltd.
• Formosa Plastics Corporation
• Xinjiang Zhongtai Chemicals Co. Ltd.
• Tosoh Corporation
• Hanwha Chemical Corporation
• Solvay SA
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Food, Pulp & Paper
Soaps and Detergents
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Caustic soda Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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