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Covid-19 Impact of caustic soda market 2020 | Key players are Akzo Nobel, Arkema, Covestro, Dow, SABIC, Solvay, OxyChem
caustic soda market
Application of caustic soda in the extraction of aluminum through purification of bauxite has furthered the confidence of stakeholders. Aluminum production from bauxite has become a prominent end-use application for caustic soda market.
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Rampant COVID-19 has revved up sales of cleaning and disinfectant products as health governing bodies such as the CDC recommend regular cleaning of frequently touched surfaces. Sodium hydroxide is increasingly being used to manufacture soaps and detergents used in both commercial and residential applications.
Leading companies are infusing investments in the trendy application by combining sodium hydroxide and chlorine. Moreover, use of caustic soda in drain cleaners to convert grease and fats which can clog pipes into soap has become more pronounced in recent years.
With considerable diversity and volume of applications of caustic soda, pulp and paper process has become one of the major recipients of sodium hydroxide. Prominently, soaring number of pulp mills in North America that consume caustic soda augur well for the producers. Nevertheless, caustic soda is also being used in the process of drinking. In several paper making processes, wood is being treated with a solution containing sodium hydroxide. Besides, caustic soda is also being used in paper recycling process to separate the ink from the paper fibers.
Use of caustic soda in the manufacture of pulping and bleaching process will continue to fuel the growth of caustic soda market size expansion.
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Several forward-looking companies cite membrane cell to be a highly desirable process as brine-to-bleach technology gains momentum in the caustic soda market landscape. It is worth noting that caustic soda is being used in fuel cell production to produce electricity in a clean and efficient manner for a slew of applications, such as portable and emergency backup power applications and transportation.
APAC has become a happy hunting ground for producers of caustic soda as it has been setting the trend in food processing, such as removing skins from potatoes and tomatoes. Further, several leading companies are also using caustic soda in curing foods such as olives.
Major key players in the caustic soda market are Akzo Nobel N.V., Arkema S.A., Covestro AG, Dow, Formosa Plastics Corp., Grasim (Aditya Birla), Hanwha Chemical Corporation, Aras Petrochemical Company, SABIC, Solvay Chemicals, Occidental Chemical Corporation (OxyChem), Asahi Glass Company, Union Chlorine LLC, Olin Corporation, and ARABIAN ALKALI COMPANY.
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https://www.globenewswire.com/news-release/2017/12/07/1247312/0/en/Bitumen-Emulsifiers-Market-to-cross-150mn-by-2024-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/bitumen-market-value-to-hit-116-billion-by-2026-global-market-insights-inc-300967401.html
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