Press release
Caustic Soda Market, By Product Type (Lye, Flake and Other),would rocket up to USD 94.95 million by 2029
Caustic soda is also known as sodium hydroxide and the formula is NaOH. It is a white-colored ionic compound present in solid form and comprising sodium cations Na+ and hydroxide anions OH-. It is strongly alkaline and chemically produced by electrolyzing of sodium chloride (NaCl). It is insoluble in ether and non-polar solvents, moderately soluble in alcohol, and highly soluble in water. Caustic soda is used in formulating several chemical products because of its reactive and corrosive nature.Caustic soda is widely used in textiles processing, paper and pulp and soap and detergent industry. It is highly used to process cotton fabric, make dyes and also in laundering and bleaching in textile industry. Caustic soda is also used as an intermediate for different type of organic chemicals to prepare epoxy resins, paints, rayon, ceramics, spandex, explosives and glass and in oxide coating, electroplating, electrolytic extracting and metal cleaning and processing.
View Detailed Report: https://www.databridgemarketresearch.com/reports/global-caustic-soda-market
Data Bridge Market Research analyses that the caustic soda market is expected to undergo a CAGR of 2.40% during the forecast period. This indicates that the market value, which was USD 78.54 million in 2021, would rocket up to USD 94.95 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Some of the major players operating in the caustic soda market are:
Olin Corporation (U.S.)
Westlake Corporation (U.S.)
Tata Chemicals Ltd (India)
Occidental Petroleum Corporation (U.S.)
Formosa Plastics Corporation (Taiwan)
Solvay (Belgium)
Tosoh Corporation (Japan)
Hanwha Solutions Corporation (South Korea)
AGC, Inc. (Japan)
Dow (U.S.)
Xinjiang Zhongtai Chemical Co. Ltd. (China)
INOVYN (U.K.)
Ciner Resources Corporation (U.S.)
Wanhua-Borsodchem (Hungary)
AkzoNobel N.V. (Netherlands)
Reliance Industries Limited (India)
Opportunities
Increased growth prospects due to high utilization
The usage of caustic soda has increased in several applications such as pharmaceuticals, industrial chemicals and many other industries will create lucrative opportunities for the growth of the caustic soda market in upcoming years. It helped the companies to grow more in the coming year and provided several opportunities. The cell technology of membrane is also one of the major factor which is expected to create growth opportunities for the market players.
Global Soda Market Scope
The caustic soda market is segmented on the basis of product type, production process, grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Lye
Flake
Other
Production Process
Membrane Cell
Diaphragm Cell
Others
Grade
Reagent Grade
Industrial Grade
Pharmaceutical Grade
Application
Alumina
Pulp and Paper
Organic Chemical
Inorganic Chemical
Textile
Soap and Detergents
Water Treatment
Dye and Ink
Others
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