Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • June 2019 •
  • 107 pages •
  • Report ID: 5783221 •
  • Format: PDF
The global caustic soda market reached a volume of 75.9 Million Metric Tons in 2018. Caustic soda, also known as sodium hydroxide (NaOH), refers to an inorganic compound which comprises sodium cations Na+ and hydroxide anions OH?. It is industrially prepared through the electrolytic chlor-alkali process in which the electrolysis of aqueous sodium chloride solution produces chlorine gas and sodium hydroxide. It is an odorless and non-flammable white solid which is commercially available in the form of flakes, pellets, granules and aqueous solutions of different concentrations. Owing to its highly-corrosive nature, it can generate substantial heat and ignite combustible materials when dissolved in water.

Caustic soda is utilized as a raw material in a number of industries including chemical, automotive, water treatment, and food and beverage. On account of its easy availability and affordability over its substitutes, it is regarded as one of the preferred chemical compounds employed to control acidity and remove heavy metals from water. Caustic soda is also used in the production of paper wherein it helps in dissolving unwanted compounds present in the wood pulp. Similarly, it aids in separating the ink from paper fibers during the process of paper recycling. Apart from this, it is used in the extraction of alumina, one of the most common oxides of aluminum, from naturally occurring minerals. As aluminum finds vast applications in the production of lightweight vehicles, the growing demand for the metal is spurring the growth of global caustic soda market. Looking forward, the analyst expects the market to reach a volume of 89.6 Million Metric Tons by 2024, registering a CAGR of around 3% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Product Type:
Lye
Flake
Others

Market Breakup by Manufacturing Process:
Membrane Cell
Diaphragm Cell
Others

Market Breakup by Grade:
Reagent Grade
Industrial Grade
Pharmaceutical Grade
Others

Market Breakup by Application:
Alumina
Inorganic Chemicals
Organic Chemicals
Food, Pulp and Paper
Soap and Detergents
Textiles
Water Treatment
Steel/Metallurgy-Sintering
Others

Market Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being The DOW Chemical Company, Olin Corporation, Tata Chemicals Limited, Solvay SA, FMC Corporation, Occidental Petroleum Corporation (OXY), Formosa Plastics Corporation, Ineos Group Limited, PPG Industries, Xinjiang Zhongtai Chemical Co. Ltd., Tosoh Corporation, Hanwha Chemical Corporation, Nirma Limited, Akzo Nobel, BASF, Covestro, DowDuPont, etc.

Key Questions Answered in This Report:
How has the global caustic soda market performed so far and how will it perform in the coming years?
What are the key regional markets in the global caustic soda industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the grade?
What is the breakup of the market based on the manufacturing process?
What are the various stages in the value chain of the global caustic soda industry?
What are the key driving factors and challenges in the global caustic soda industry?
What is the structure of the global caustic soda industry and who are the key players?
What is the degree of competition in the global caustic soda industry?
What are the profit margins in the global caustic soda industry?