New York, NY -- (SBWIRE) -- 02/06/2020 -- The global caustic soda market was valued at $36.0 billion in 2018 and is projected to reach $55.8 billion by 2026, growing at a CAGR of 5.50% from 2019 to 2026. Caustic soda, also known as sodium hydroxide and lye, is an inorganic compound composed of sodium cations Na+ and hydroxide anions OH-. It is highly caustic base that decomposes proteins at normal room temperature and can cause chemical burns. Caustic soda is soluble in water and absorbs carbon dioxide and moisture from air. It is used in several applications. In addition, it is used in the manufacturing process of alumina, soap & detergents, pulp & paper, petroleum products, and chemical production.

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The global caustic soda market is expected to grow significantly. Its increasing use in applications such as alumina, pulp & paper, soap & detergent, water treatment, and others drive the growth of the market. Further, with growing chemical industry, it is expected that the demand for caustic soda will also increase as caustic soda is used in manufacturing of organic and inorganic chemicals. However, high corrosive and reactive nature of caustic soda is expected to restrain the growth of the market. The global caustic soda market is yet to explore its full potential. Therefore, increase in innovation and development in manufacturing processes of caustic soda is anticipated to provide growth opportunities to the market.

The global caustic soda market is segmented on the basis of production process, application, and region. Based on production process, the market is divided into membrane cell, diaphragm cell, and others. Based on application, the global caustic soda market is categorized into organic chemical, inorganic chemicals, alumina, pulp & paper, soap & detergent, water treatment, and others.

Major Points Covered In The Caustic Soda Market Research Report:

Driving Factors: Caustic Soda market research report delivers insights on the major driving factors for helping the industry players with the production of right quantity of goods. This can be done while considering the ongoing policies in the Caustic Soda market. The industry players ideally manage their resources, set various policies for distribution of newly launched products and services, and considerably and satisfy the demands of large number of customers, worldwide. Operating players can hence improve their market position and goodwill in the industry.

Key Opportunities: Experts have highlighted major opportunities in the Caustic Soda market for the industry players to explore and gain advantage. These opportunities are detailed down with the help of crucial statistics. This will help the manufacturing companies to identify potential customers across the globe, plan distribution strategies, and gain large number of customers. This will not only strengthen the market presence, but also boost the overall Caustic Soda industry.

Current Trends: Researchers have provided details on the ongoing trends and development activities in the Caustic Soda market. This will guide market players to plan ideal strategies, policies, and introduce advanced products to the industry. They can hence, satisfy the growing requirements of consumers and improve their market presence.

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Key Players:
- Dow Chemical Company
- Occidental Petroleum Corporation
- AkzoNobel
- Solvay SA
- BASF
- FMC Corporation
- Eastman Chemical Company
- Arkema Group
- BAYER AG
- Tata Chemicals Limited

Table of Content:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Caustic Soda Market, By Production Process
Chapter 5: Caustic Soda Market, By Application
Chapter 6: Caustic Soda Market, By Region
Chapter 7: Competitive Landscape

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