Global Caustic Soda Market Value to cross USD 41.8 BN By 2026
Posted On September 23, 2020
A market research report anticipates the Global Caustic Soda Market to reach USD 31.8 BN in 2019. It is estimated to grow and reach USD 41.8 BN mark by 2026. The report publisher, Value Market Research expects a CAGR of 4% during 2020 to 2026. The growing demand for strongly alkaline chemicals in various end-user industries is the primary factor anticipated to drive a large segment of the caustic soda market.
The rising use in the paper and pulp industry to manufacture tea bags, tissue paper, and packaging will fuel the caustic soda market's growth. The increasing use of aluminum in the automotive sector will boost this market since it is an essential part of alumina production. The extensive use of inorganic chemicals in various applications such as chemicals, soaps and detergents, textiles, ceramics, and water treatment will boost the market growth. The restraining factors for this market's growth are the burning hazards of caustic soda and energy-intensive production.
Caustic soda, also known as lye, is the common name of the chemical compound sodium hydroxide. It is a highly versatile chemical used as an ingredient or in a wide range of products. Caustic soda is a highly corrosive chemical that is used in the production of organic chemicals, cosmetics, soaps & detergent, paint manufacturing, paper & cellulose, textile bleaching, glass, ceramic manufacturing, and food processing, fuel cell, manufacturing rayon, plumbing, and water treatment. In food processing and soaps production applications, the corrosive and toxic properties of caustic soda disappear. Being a hazardous chemical, transport, storage, and the industrial use of caustic soda is subject to government regulations.
The first chapter of the report "Global Caustic Soda Market Report By Production Process (Membrane Cell, Diaphragm Cell, And Other), By Application (Water Treatment, Inorganic Chemical Production, Aluminium Industry, Paper & Pulp, Soap, Detergent, And Textiles, Organic Chemical Production, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By production process the market is divided into Membrane Cell, Diaphragm Cell, Other. By application the market is segregated as Water Treatment, Inorganic Chemical Production, Aluminium Industry, Paper & Pulp, Soap, detergent, and Textiles, Organic Chemical production, Other. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Caustic Soda Market -
By Production Process
- Membrane Cell
- Diaphragm Cell
- Water Treatment
- Inorganic Chemical Production
- Aluminium Industry
- Paper & Pulp
- Soap, detergent, and Textiles
- Organic Chemical production
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Akzo Nobel NV, Occidental Petroleum Corporation, Solvay, Dow, Shin-Etsu Chemicals Co. Ltd.
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