According to the latest report by IMARC Group, titled “Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global caustic soda market size 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), refers to an odorless and non-flammable white solid which is commercially available in the form of granules, pellets, flakes, and aqueous solutions of various concentrations. It is comprised of sodium cations Na+ and hydroxide anions OH−. Caustic soda is industrially prepared through the electrolytic chlor-alkali process, in which the electrolysis of aqueous sodium chloride solution produces sodium hydroxide and chlorine gas. It is highly corrosive and can generate substantial heat and ignite combustible materials when dissolved in water. As a result, caustic soda is extensively utilized as a raw material across numerous industries, including automotive, chemical, textiles, etc.
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.
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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.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
Breakup by Manufacturing Process:
- Membrane Cell
- Diaphragm Cell
Breakup by Product Type:
Breakup by Grade:
- Reagent Grade
- Industrial Grade
- Pharmaceutical Grade
Breakup by Application:
- Inorganic Chemicals
- Organic Chemicals
- Food, Pulp and Paper
- Soap and Detergents
- Water Treatment
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
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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