Press release
Caustic Soda Market Size 2023: Hits 89.7 Million Tons by 2028, At CAGR of 1.7%
Caustic Soda Market Report 2023-2028
The global caustic soda market size reached 80.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 89.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.7% during 2023-2028.
Caustic soda, also represented as sodium hydroxide (NaOH), refers to an inorganic compound that consists of sodium cations Na+ and hydroxide anions OH-. It is industrially prepared via the electrolytic Chlor-alkali method, in which the electrolysis of sodium chloride solution produces sodium hydroxide and chlorine gas. Caustic soda is an odorless and non-flammable white solid which is commercially available in the form of pellets, granules, flakes, and aqueous solutions of various concentrations. It can generate substantial heat and ignite flammable materials when dissolved in water, owing to its highly corrosive nature. As a result, caustic soda finds extensive utilization in organic and inorganic chemicals, soap and detergents, food, pulp, paper, textiles, etc.
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Caustic Soda Market Trends:
The escalating product demand as a raw material in several industries, such as chemical, automotive, water treatment, and food and beverage (F&B), is among the primary factors driving the caustic soda market. Besides this, the elevating requirement for this chemical compound to control acidity and remove heavy metals from water, owing to its easy availability and affordability over its substitutes, is further augmenting the market growth. Moreover, the growing popularity of caustic soda in the production of paper, wherein it assists in dissolving unwanted mixtures in the wood pulp and aids in separating the ink from paper fibers during the process of paper recycling, is also catalyzing the global market.
Apart from this, the increasing product need in the extraction of alumina, which is the most common oxides of aluminum from natural minerals, is acting as another significant growth-inducing factor. Furthermore, the rising utilization of this compound in the production of lightweight vehicles is anticipated to propel the caustic soda market over the forecasted period.
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)
Explore the 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 (2017-2022)
• Market Outlook (2023-2028)
• 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'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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