Caustic Soda Market 2020 Explosive Growth With Technical Aspects By Major Players Dow Chemical Company, Tata Chemicals Limited, Etc.

The increasing demand from textile as well as pulp and paper industries is expected to propel market demand during the forecast period.

Market Size – USD 36.17 Billion in 2018, Market Growth - CAGR of 5.5%, Market Trends – High consumption of aluminum and textiles in the APAC region.

The global Caustic Soda Market is forecast to reach USD 59.24 Billion by 2027, according to a new report by Reports and Data. Caustic soda is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. Caustic soda is a simple man-made chemical compound and comprises of one oxygen (O), one sodium (Na), and one hydrogen (H) atom, which is why it’s also known as sodium hydroxide, NaOH.

Caustic soda is a solid at room temperature, but since it readily dissolves in water, it is usually sold and transported as a solution of different variety concentrations. When the market product is mixed with water or an acid, the resultant is a strong exothermic reaction where heat is released, and is used as a source of energy to trigger other chemical processes.

In many lye-related chemical reactions, caustic soda gives up its sodium, hydrogen, and oxygen atoms to help form new chemical compounds. In conditions where a corrosive substance is required, like for a drain blockage, caustic soda helps to dissolve the organic materials but will leave the polyvinyl chloride pipes intact. It is also used in the production of ice cream, soft drinks, and food dye. The corrosive and toxic properties of caustic soda disappear in these processes, such as the case with soap above.

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Market Insights:

The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.

The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.  

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Leading companies operating in the market and profiled in the report include:

Dow Chemical Company,
Tata Chemicals Limited,
FMC Corporation,
PPG Industries,
Tosoh Corporation,
Nirma Limited,
Hanwha Chemical Corporation,
Ineos Group Limited,
Formosa Plastics Corporation,
and Occidental Petroleum Corporation (OXY),
among others.

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Caustic Soda Market Segmentation:

Type Outlook:

Lye
Flake
Others

 Application Outlook:

Alumina
Food, Pulp, and Paper
Organic Chemicals
Inorganic Chemicals
Textiles
Steel/Metallurgy-Sintering
Soap and Detergents
Water Treatment
Others

Regional Outlook:

North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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