Press release
Covid – 19 Analysis On Caustic Soda Market | Size, Share Report, Competitive Landscape, Growth Trends, Industry Opportunities, Demand, Manufactures and Global Analysis, Forecast – 2027
The global caustic soda market is expected to expand significantly over 2019-2027 owing to various end user industries that require caustic soda in several chemical procedures. Increasing use of aluminum in the automotive industry due to light weighting of vehicles to enhance fuel efficiency has resulted in the increased demand for alumina in the automotive industry as caustic soda is used in alumina production. The paper and pulp industry have also been expanding and the use of caustic soda in paper bleaching has been adding impetus to caustic soda market growth. Environmental impact of carbon emission due to energy-intensive operations has resulted in hampering the growth of the caustic soda market. However, membrane cell technology that has been developed to surpass some of the concerns is expected to counter such deterring factors for the caustic soda market. Over 2019-2027, caustic soda market CAGR is anticipated to be 5.92% and market value might surpass USD 63,415.1 million by 2027.
Get Free Sample Copy@ https://www.marketresearchfuture.com/sample_request/1499
Competitive Scenario:
Dow DuPont
Solvay
Occidental Petroleum Corporation
Xinjiang Zhongtai Chemical Co. Ltd
Olin Corporation
Formosa Plastics Corporation
Gujarat Alkalies and Chemicals Limited Tata Chemicals Limited
AkzoNobel NV
Westlake Chemical Corporation
Industry News:
The fact that market players in the caustic soda industry will considerably contribute to the growth of the business can be cited through the recent announcement by Gujarat Alkalies and Chemicals that it will be expanding its caustic soda plant at the Dahej Complex. The capacity of the plant will be increased from 785 MTPD to 1310 MTPD. An investment of Rs. 875 crore will be made for the proposed expansion. It expected that on implementation, the project will contribute around Rs. 480 crores to the sales of the company.
Market Segmentation:
Caustic soda market has been segmented based on type and application.
Based on type, Caustic Soda Market is divided into lye, flake and others. Lye caustic soda market share had been the highest at 67% in 2018. Over the forecast period, due to its wide usage as a chemical, lye is anticipated to register a CAGR of 4.5%. Caustic Soda flake, a solid, hygroscopic and white odorless substance will hold the second largest share in the caustic soda market during the coming years.
Application-wise, 18.4% share of the caustic soda market share was claimed by the alumina segment in 2018. By 2027, alumina segment of caustic soda market share is anticipated to increase to 19.4% and thus retain its dominant position in the market as caustic soda is used in alumina refineries for separation of alumina from bauxite to produce aluminum. Caustic soda is also widely used in bleaching of pulp and therefore the paper and pulp industry will also account for a considerable share in the caustic soda market. In 2018, paper and pulp accounted for 17.6% share of the caustic soda market.
Organic chemical segment that accounted for 14.8% caustic soda market share in 2018 is the third largest application segment for the chemical. Due to the role caustic soda plays as a reactant in the production process of various organic chemicals, the organic chemical segment is slated to witness CAGR of over 5% during the forecast period.
Regional Analysis:
Caustic soda market is evaluated based on various geographical regions which include the Americas, Europe, Asia-Pacific and Middle East & Africa.
Asia-Pacific due to favorable regulatory policies and rapid industrialization witnessed in the region is expected to be the largest caustic soda market. In 2018, Asia-Pacific region accounted for 52.3% share in the caustic soda market and is anticipated to register a CAGR of over 5.5% during the forecast period. China has accounted for the largest revenue in Asia-Pacific caustic soda market in 2018 and the trend is expected to witness a 4.6% CAGR during the forecast period.
In 2018, North America was the second-largest regional caustic soda market owing to the expansive demand for the chemical in paper & pulp industry. Over the forecast period North America caustic soda market is anticipated to register a 4% CAGR. The U.S. accounted for a comparatively higher market share in 2018 and is anticipated to register the highest CAGR in the region of around 4% during the forecast period. Owing to the presence of industries such as dyes & inks, chemical, textile and water treatment which are essential end users of caustic soda, Canada caustic soda market is projected to exhibit a CAGR of over 3.5%.
Coronavirus Outbreak and Plastic Films Market @ https://www.marketresearchfuture.com/report/covid-19-impact-plastic-films-market
COVID-19 Impact Analysis on Polyvinyl Chloride (PVC) Market@ https://www.marketresearchfuture.com/report/covid-19-impact-pvc-market
COVID-19 Impact on 3D Printing Materials Market @ https://www.marketresearchfuture.com/report/covid-19-impact-3d-printing-materials-market
Coronavirus Outbreak and Protective Fabrics Market@ https://www.marketresearchfuture.com/report/covid-19-impact-protective-fabrics-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Office No. 528, Amanora Chambers
Pune - 411028
Maharashtra, India
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Covid – 19 Analysis On Caustic Soda Market | Size, Share Report, Competitive Landscape, Growth Trends, Industry Opportunities, Demand, Manufactures and Global Analysis, Forecast – 2027 here
News-ID: 2088955 • Views: …
More Releases from Market Research Future
Parametric Insurance Market Forecast: Industry to Expand from USD 15.55 Billion …
The Parametric Insurance Market report provides comprehensive insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Parametric Insurance Market Overview:
The Parametric Insurance Market is experiencing significant growth as businesses, governments, and individuals increasingly adopt insurance solutions that provide pre-defined payouts based on the occurrence of specific events, such as natural disasters, weather conditions, or other measurable triggers. Parametric insurance offers faster claims settlement, reduced administrative costs, and…
Financial Advisory Services Market Forecast: Industry to Expand from USD 91.52 B …
The Financial Advisory Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Financial Advisory Services Market Overview:
The Financial Advisory Services Market is witnessing significant growth as individuals and corporations increasingly seek expert guidance for investment strategies, wealth management, risk mitigation, and financial planning. Financial advisory services help clients optimize returns, manage risk, and ensure compliance with evolving regulatory requirements. The Financial Advisory…
Accounting Services Market Size to Reach USD 1,355.61 Billion by 2035 Driven by …
The Accounting Services Market report provides detailed insights into market trends, competitive landscape, growth factors, and opportunities across global regions.
Accounting Services Market Overview:
The Accounting Services Market is witnessing steady growth as organizations increasingly rely on professional accounting firms for auditing, tax compliance, financial reporting, and advisory services. The growing complexity of financial regulations, globalization of business operations, and rising demand for risk management solutions drive the adoption of specialized accounting…
Insurance Third-Party Administration Market Forecast: Industry to Expand from US …
The Insurance Third-Party Administration Market report provides in-depth insights into market size, growth trends, competitive landscape, key drivers, opportunities, and regional developments across the global insurance ecosystem.
Insurance Third-Party Administration Market Overview:
The Insurance Third-Party Administration Market is witnessing robust growth as insurers increasingly outsource claims processing, policy administration, and risk management services to improve operational efficiency and reduce costs. Third-party administrators (TPAs) play a crucial role in handling claims settlement, employee…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
