Press release
Caustic Soda Market Outlook 2023-28: Price Analysis, Size, Major Drivers Share, Demand, Trends, Growth, Report
Caustic Soda Market Outlook 2023-28
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, alternatively referred to as sodium hydroxide, is a white-colored solid ionic compound that comprises of hydroxide anions and sodium cations. In terms of grade, it can be categorized into reagent, industrial, and pharmaceutical types. These caustic soda variants are strongly alkaline, highly soluble in water, and extremely corrosive and reactive in nature. They form an essential ingredient in cleaning and disinfectant products, help prevent mold and bacteria from canned foods, and even act as a string water purification agent. Consequently, caustic soda formulations find extensive applications across several sectors, such as paper, chemical, steel, textile, food and beverage (F&B), water treatment, soap and detergent, transportation, automotive, etc.
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Caustic Soda Market Trends:
The expanding chemical industry and the escalating need for alumina and oxides of aluminum in the transportation, packaging, and automobile segments across countries are among the key factors driving the caustic soda market. In addition to this, the growing utilization of the compound to manufacture pulp and paper, petroleum products, and soap and detergents is acting as another significant growth-inducing factor. Besides this, the implementation of strict regulations by government bodies aimed at controlling contamination of water bodies, including seas, lakes, ponds, rivers, and oceans, and the rising usage of caustic soda as a water treatment chemical, which aids in enhancing the pH level of the water are further stimulating the market growth. Moreover, the increasing focus among leading manufacturers of the product on adopting energy-intensive and sustainable production processes is expected 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 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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