Caustic Soda Flakes Market would rocket up to USD  2764.06 million by 2029,Trends

Caustic soda flakes is the solid form of sodium hydroxide. Caustic soda flakes are free from foreign dirt, matter or other visible impurities. The product is extensively used in the pulp, paper, textile, soaps and detergents industries and in alumina refineries.

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Caustic soda flakes is mainly used in soap and detergent, textiles processing, paper and pulp industry. In textile industry, it is used to make dyes, process cotton fabric and in laundering and bleaching. It is also used as an intermediate for extensive variety of organic chemicals to manufacture epoxy resins, paints, rayon, spandex, explosives, glass and ceramics as well as in oxide coating, electroplating, metal cleaning and processing, and electrolytic extracting.

Data Bridge Market Research analyses that the caustic soda flakes market is expected to undergo a CAGR of 3.10% during the forecast period. This indicates that the market value, which was USD 2165.10 million in 2021, would rocket up to USD  2764.06 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.

Opportunities

Increased growth prospects due to high utilization

The use of caustic soda flakes products has increased in many applications such as paper cups, paper bags, pharmaceuticals, industrial chemicals and many more industries which will create the immense opportunities for the growth of the market in upcoming years. It helped the business to grow more in the upcoming period and provided opportunities. The cell technology of membrane is also the major factor which is expected to create growth opportunities for the market players.  

Drivers

Rise the demand in healthcare sector

Caustic soda flake is widely used to help for the manufacture of variety of medicines and pharmaceutical products, from common pain relievers such as aspirin, to anticoagulants which can help to prevent from blood clots, to cholesterol-reducing medications. The rising demand for caustic soda flakes is expected to drive the market's growth rate.

Highly used in food sector

Caustic soda flake is highly used in numerous food processing purposes, such as curing foods such as olives or helping to brown Bavarian-style pretzels, which gives them their different crunch. It is used to remove skins from potatoes, tomatoes and other vegetables and fruits for canning and as an ingredient in food preservatives that help prevent the food from growing bacteria. These are major properties of this product, increasing the market demand.

Some of the major players operating in the caustic soda flakes 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)

Nirma Limited (India)

AGC, Inc. (Japan)

Dow (U.S.)

Xinjiang Zhongtai Chemical Co. Ltd. (China)

Ciner Resources Corporation (U.S.)

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