Global Caustic Soda Industry Growth Overview By Top Key Players, Applications, Market Size and Forecast from 2018-2025
Global Caustic Soda market report provides analysis for the period 2014–2025, wherein the period from 2018 to 2025 is the forecast period and 2017 as base year. The market study reveals that the global caustic soda market is expected to rise over a CAGR of 5.06% during 2018-2025 in terms of value & over a CAGR of 3.18% in terms of volume. The market is expected to reach around USD 57 Billion by 2025. This growth is driven by a number of reasons such as rising demand for Alumina in the Caustic Soda Industry.
The market overview section of the report demonstrates market dynamics such as drivers and restraints that talks about the current nature and future scenario of the said market, key market indicators, and raw material analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global caustic soda market. Furthermore, various analysis methods like Porter’s, Pestle are also included in the report to provide an in-depth view of the market scenario.
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Alumina Being Highly In Demand From The Automobile Industry Is Driving The Growth Of Caustic Soda Industry
Sodium Hydroxide or Caustic Soda as it is commonly known as is a strong alkali which is corrosive and versatile in nature. It is usually used to manufacture Alumina, Pulp & Paper, Soaps and Detergents, Textile industry, Chemical production, etc. One of the largest consumers of caustic soda is the pulp & paper industry since it is used in the process of bleaching papers and pulping. More than half of the caustic soda that is traded is being used in the production of Alumina. The usage of caustic soda is vast with 40% of it used in end-use industries.
Alumina has been increasingly in demand in automobiles, for autos and commercial vehicles, since the benefits it offers are wide, such as the safest, fastest, environment-friendly, as well as cost-effective ways to increase performance, along with boosting the fuel economy and reducing the emissions without compromising the safety and durability has in turn increased the manufacturing of caustic soda since it is one of the essential raw material for the manufacturing of alumina. There has been an increase in the use of aluminium in transportation sector which is supported by increase in the sales of vehicles and higher intensity of aluminium in the manufacturing of trains and new vehicles is consistently developing the demand for caustic soda.
Scope of the Report
The global caustic soda market is segmented on the basis of form and application. On the basis of form, the market is segmented into solid and liquid. The solid form of caustic soda was the largest segment in the global caustic soda market in 2017, and is estimated to witness the highest growth during 2018-2025. On the application basis, the market is segmented into Pulp & Paper, Alumina, Organic, Soaps/Detergents, Inorganics, Water Treatment, Textile, Pharma and Others. The Textiles and Pulp & Paper accounted for the largest segment in the global caustic soda market in 2017.
On the basis of region the market is segmented into five parts namely North America, Europe, Asia Pacific, LATAM and MEA. AsiaPacific was the largest region in the global caustic soda market in 2017 with 60.81% market share and it is estimated to grow over a CAGR of 5.13% during 2018-2025.
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The global Caustic Soda market is dominated by a number of players, amongst them the major players are BASF SE, SABIC, Tosoh Corporation, DowDupont, Inovyn ChlorVinyls Limited, etc. Companies in this industry are following different strategies to strengthen their market position. For instance, in February, 2018, Inovyn ChlorVinyls Limited invested in the expansion of their production of caustic soda to cater to the rising demands by customers in Scandinavia, Europe.
• By Form
• By Application
• North America
• Asia Pacific
• Middle East
• Latin America
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