Pdf - Caustic Soda Market

Caustic Soda Market Outlook and Worldwide Foresight
to 2024
The Caustic Soda Market is estimated to witness growth from 2017 to 2024. The
growth is primarily contributed by its increasing application in chemical industry as
well as rising demand for alumina in automotive industry. Further increasing demand
for paper & paperboard across the globe is driving the caustic soda market during the
forecast timeframes.
Caustic soda is primarily used in various industrial application. The major consumption
is driven by wide application in household products such as detergent, it is basic raw
material for cleaning drain and oven. It is a kind of basic chemicals used for various
kinds of chemical production, which is reactive and corrosive in nature. Caustic soda is
used for manufacturing alumina, inorganic & organic chemical, pulp & paper, textiles,
detergent as well as used for water treatment.
The demand for pulp and paper is increasing due to rising domestic household tissue
paper requirements, application of pulp and paper in printing and writing paper is also
growing which will boost the demand for caustic soda. Growing usage of magazine and
newspaper across the globe is positively impacting the caustic soda market. Moreover,
textile industry is expanding owing to technological development and pouring
investment.
It serves as strong alkali chemical substance and easily reacts with several other
substances which includes aluminum and zinc which will further grow metallurgical
applications. These factors along with rising demand for chlorine and growing
technological advancement for processing caustic soda is projected to drive the
market demand over coming years.
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Market research reports: Key analytical components
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The market is challenged by its reactive and corrosive nature, that have harmful
ecological impact which is restricting its usage in consumer products, this factor will
negatively influence the market. Secondly its energy intensive production process is
challenging several manufacturers by reducing overall profit margin. Growing concern
regarding its harmful effect on human health as well as environmental will hinder the
global caustic soda market over the forecast timeframe.
The market is projected to restrain due to frequent price fluctuation, arising due to
variation in raw material prices. During past few years price fluctuation is posing a
challenge for small manufacturers and suppliers of the market which is further
decelerating growth. Although, the demand for caustic soda is increasing owing to
increasing application in end-user industries and growing application in paper and pulp
industry thereby positively influencing the global demand in the forecast periods.
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Asia Pacific dominates the major market share for global caustic soda by the end of
2016, whereas North America is estimated to be one of the fastest growing region over
2024. Industrialisation and growing consumer demand in developing economies like
Japan, China and India are some of the factors which are anticipated to drive the Asia
Pacific market in the coming years. In Europe highest volume of caustic soda is used
as essential reactant for manufacturing organic chemical.
Regionally, Global Market Insights, Inc.’s Caustic Soda market research has the most
in-depth, country focused estimates and forecasts for decision makers across the
globe. An exhaustive list of company profiles for organizations active in the Caustic
Soda market supports the regional analysis and information offering a competitive
outlook on the industry. For each segment analyzed in this research, whether it is by
product, application, material or end-use, a regional overview with historical data and
Caustic Soda market forecast is provided to the reader. Such a cross-segmentation
research analysis is also unique to reports by Global Market Insights, Inc.
The size of global caustic soda market is predicted to be highly competitive. Some of
the primary companies in the market are Nirma Limited, Occidental Petroleum
Corporation, Olin Corporation, Formosa Plastics Corporation, Xinjiang Zhongtai
Chemical Co. Ltd.,PPG Industries,Tosoh Corporation, Dow Chemical Company,
Hanwha Chemical., FMC Corporation, Kemira, Solvay SA, Bayer MaterialScience., FMC,
Arkema and SABIC.
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biotechnology.
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