MARKET INTRODUCTION
Caustic soda, also known by names such as lye and sodium hydroxide, is a waxy white solid. It is highly hygroscopic and absorbs moisture, sulfur dioxide, and carbon dioxide in the air. Most of the caustic soda is produced by the electrolysis of sodium chloride solution. Some of the commonly employed methods in the production of caustic soda include the Castner-Kellner process, Nelson Diaphragm cell, and Loewig's process. Caustic soda is widely used in manufacturing soaps, candles, washing soda, detergents, soda lime, rayon, mercerized cotton, and cellophane.
MARKET DYNAMICS
The widespread use of caustic soda across end-use industries ranging from textiles and detergents to pulp and paper industries is anticipated to drive the caustic soda market globally. Caustic soda is prevalently used in the paper and pulp industry. In the paper production process, alkalis such as caustic soda are used to remove the lignin that binds the cellulose fibers. It is also used as a bleaching agent to produce white paper. Caustic soda is chiefly used in the cooking and processing of kraft pulps. The rising demand for caustic soda from the paper and pulp industries is expected to drive the caustic soda market. Caustic Soda also finds uses in the textile industry where it is used in scouring and mercerizing cotton fibers and fabrics to improve fiber strength and increase their affinity towards dyes. The limited uses of caustic soda in consumer products owing to its highly reactive and corrosive nature and the harmful effects of its uses on the ecology are anticipated to affect the caustic soda market negatively.
MARKET SCOPE
The "Global Caustic soda Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the caustic soda market with detailed market segmentation by production process, application, and geography. The global caustic soda market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading caustic soda market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global caustic soda market is segmented on the basis of production process and application. On the basis of production process, the caustic soda market is segmented into, membrane cell, diaphragm cell, and others. On the basis of application, the market is bifurcated into, pulp and paper, organic chemical, inorganic chemical, soap and detergent, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global caustic soda market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The caustic soda market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the caustic soda market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the caustic soda market in these regions.
MARKET PLAYERS
The reports cover key developments in the caustic soda market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from caustic soda market are anticipated to lucrative growth opportunities in the future with the rising demand for caustic soda in the global market. Below mentioned is the list of few companies engaged in the caustic soda market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the caustic soda market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADITYA BIRLA CHEMICALS
- AKZO NOBEL NV
- ARKEMA
- COVESTRO AG
- DOW
- FMC
- FORMOSA PLASTICS CORP.
- HANWHA CHEMICAL CORPORATION
- INOVYN
- KEMIRA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.