The global Caustic Soda market was valued at US$ 21290 million in 2020 and it is expected to reach US$ 31390 million by the end of 2027, growing at a CAGR of 4.7% during 2021-2027.
Sodium hydroxide is also known as caustic soda, caustic, and lye. Anhydrous (100%, solid) caustic soda has a chemical formula of NaOH and a molecular weight of 40.00. It is available commercially in the form of liquid, solid, flakes, or particles. Sodium hydroxide has diverse industrial applications due to its strong alkaline nature. It is integral to the manufacture of petroleum products, pulp and paper, alumina, textiles, and soaps and detergents, along with its application in chemical processing, water treatment and petroleum processing. For commercial purposes, caustic soda is used either in a 32%, 45% of 50% etc. aqueous solution or as a solid. Industrially, caustic soda is most commonly manufactured by the electrolysis of a sodium chloride (NaCl) solution. The co-products formed from the electrolytic production of caustic soda are chlorine and hydrogen.
In global caustic soda market, the application to Aluminium processing has almost 25 percent of the market share. Dow, OxyChem, Westlake, Olin Corporation, and Formosa Plastics Corporation are the largest players in the market, and they control 20 percent of the market share. Liquid caustic soda, a product type, dominates more than 60 percent of the market share. The production of caustic soda of China has over 45 percent of the market share, and the second one, North America, only has 15 percent of the market share.
Global Caustic Soda Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Caustic Soda Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Dow, OxyChem, Westlake, Olin Corporation, Formosa Plastics Corporation, Tosoh, Ineos Chemicals, Asahi Glass, Covestro, Shin-Etsu Chemical, Nobian, Hanwha Chemical, Ercros, Lg Chemical, Tokuyama Corp, Sabic, Kemira, Basf, Aditya Birla Chemicals, Gacl, Kem One, ChemChina, Xinjiang Zhongtai Chemical, Xinjiang Tianye, Beiyuan Group, Shandong Jinling, SP Chemical (Taixing), Haili Chemical, Huatai Group, Wanhua Chemical (Ningbo) and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-caustic-soda-market-research-report
Segment by Type
- Liquid Caustic Soda
- Solid Caustic Soda
- Caustic Soda Flake
- Caustic Soda Particle
Segment by Application
- Pulp and Paper
- Soap and Detergents
- Bleach Manufacturing
- Petroleum Products
- Aluminium Processing
- Chemical Processing
Table of Content:
1 Caustic Soda Market Overview
2 Caustic Soda Market Competition by Manufacturers
3 Caustic Soda Retrospective Market Scenario by Region
4 Global Caustic Soda Historic Market Analysis by Type
5 Global Caustic Soda Historic Market Analysis by Application
6 Key Companies Profiled
7 Caustic Soda Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Caustic Soda Market Dynamics
10 Global Caustic Soda Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.