Press release
Caustic Soda Market will grow at a CAGR of 3.6% from 2020 to 2026 | By key players Akzo Nobel N.V., Arkema S.A., Covestro AG, Dow, Formosa Plastics Corp., Grasim (Aditya Birla), Hanwha Chemical Corporation
Some of the leading companies may infuse investments in chemical manufacturing in acid neutralization, pH control and in off gas scrubbing. Besides, the chemical is being highly marketable among food preparation companies to clean fruits and vegetables prior to shipping them to market.
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In the latest research report compiled by Global Market Insights, Inc., caustic soda market size is poised to surpass US$32.06 billion by 2026.
There has been a pressing demand for caustic soda to be used in soaps amid the havoc created by COVID-19 pandemic. Several companies have jumped on the bandwagon and are including caustic soda in their ingredients.
With a notable spike in the Coronavirus cases, production of soaps and disinfectant products has surged by leaps and bounds. Subsequently, demand for caustic soda will continue to rise in a pressing manner in the next six years.
Of late, stakeholders have upped their investments towards large scale production of caustic soda through membrane cells. Several companies have made an apparent shift from diaphragm or mercury process to membrane processes that are said to have helped in the reduction of environmental problems and have been instrumental in energy savings.
Industry dynamics predict caustic soda market to gain impetus from food processing applications, including removing skins from potatoes, tomatoes, and other fruits and vegetables for canning and as an ingredient in food preservatives which aid in preventing mold and bacteria from growing in food. Prominently, the FDA has permitted the use of caustic soda as a food additive at levels below 1%.
Leading companies may eye to up their investments for preparation of foodstuffs as they are setting the trend in making corn nuts and in making yellow colored Chinese noodles.
Aluminum ore processing is being touted as an attractive revenue stream as caustic soda is profoundly being used to draw alumina from naturally occurring minerals. It is worth noting that alumina is highly sought-after to make aluminum and a range of products, such as kitchen utensils, cans, foils, beer kegs and airplane parts.
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Moreover, steady rise in construction activities has propelled the popularity of aluminum that is being used to make window frames and building facades.
North America is slated to be one of the major recipients of caustic soda as the region witnesses growing trend for pulp and paper sector. For instance, paper recycling process in the U.S. is experiencing a drastic surge in the demand for caustic soda to separate the ink from the paper fibers, thereby enabling paper fibers to be reused again.
Moreover, upsurge in the use of caustic soda in the pulp and paper sector to be used for water treatment, de-inking of wastepaper and pulping and bleaching processes has augured well for the caustic soda producers.
It is expected that caustic soda market will continue to be highly sought-after among soap manufacturers amidst COVID-19 outbreak. Dramatic rise in the demand for soap and disinfectants has provided challenges and opportunities for the manufactures of caustic soda. Further, stakeholders may focus on alumina application as its use soar in construction materials.
Related News:
https://www.openpr.com/news/2127384/biocides-market-size-to-gain-impetus-from-water-treatment
https://www.marketwatch.com/press-release/pour-point-depressants-market-to-grow-steadily-driven-by-product-popularity-in-automotive-sector-2020-08-18
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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