Press release
Caustic Soda Market Price Forecast 2022: Global Size, Share, Analysis, Largest Manufacturers, Report 2027
Caustic Soda Market
The global caustic soda market reached a volume of 78.54 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 88.46 Million Tons by 2027, exhibiting at a CAGR of 1.9% during 2022-2027. Caustic soda (NaOH), also called sodium hydroxide or lye, is an inorganic compound obtained by electrolyzing sodium chloride (NaCl). There are two types of caustic soda known as pure caustic soda and impure caustic soda. Pure caustic soda is used for making candles and soaps, whereas contaminated caustic soda is utilized to clean ovens and drains. Caustic soda is also found in various chemical products due to its corrosive and reactive nature. Consequently, it finds widespread applications across various industries, including textiles, pulp and paper, and automotive.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Players Included in Global Caustic Soda Market Research Report:
• The DOW Chemical Company (NYSE: DOW)
• Olin Corporation (NYSE: OLN)
• Tata Chemicals Limited (NSE: TATACHEM)
• Solvay SA (OTCMKTS: SLVYY)
• FMC Corporation (NYSE: FMC)
• Occidental Petroleum Corporation (OXY) (NYSE: OXY)
• Formosa Plastics Corporation (TPE: 1301)
• Ineos Group Limited
• PPG Industries (NYSE: PPG)
• Xinjiang Zhongtai Chemical Co. Ltd. (SHE: 002092)
• Tosoh Corporation (TYO: 4042)
• Hanwha Chemical Corporation (KRX: 009830)
• Nirma Limited
• Akzo Nobel (OTCMKTS: AKZOY)
• BASF (OTCMKTS: BASFY)
• Covestro (OTCMKTS: COVTY)
• DowDuPont (NYSE: DD)
Global Caustic Soda Market Trends:
Extensive utilization of caustic soda across various industries represents one of the key factors driving the market growth. For instance, caustic soda is widely used in the manufacturing of household cleaning items. Moreover, in the pulp and paper industry, caustic soda is crucial in the production process of papers while aiding in separating ink from paper fibers during paper recycling. The market is also driven by the rising demand for caustic soda from the automotive industry.
This is because caustic soda is used in the extraction of alumina, an oxide of aluminum, which find widespread utilization in the automotive industry for the production of lightweight vehicles. Other factors, such as rising utilization of caustic soda in wastewater treatment plants and food and beverage industry, are contributing to the market growth further.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/caustic-soda-market
Key Market Segmentation:
Breakup by Manufacturing Process:
• Membrane Cell
• Diaphragm Cell
• Others
Breakup by Product Type:
• Lye
• Flake
• Others
Breakup by Grade:
• Reagent Grade
• Industrial Grade
• Pharmaceutical Grade
• Others
Breakup by Application:
• Alumina
• Inorganic Chemicals
• Organic Chemicals
• Food, Pulp and Paper
• Soap and Detergents
• Textiles
• Water Treatment
• Steel/Metallurgy-Sintering
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
TOC for the Caustic Soda Market Research Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Caustic Soda Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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