Caustic Soda Market Trend, Analysis, Future Growth, Industry Trend, Forecast Period 2020-2030:Top Key Players: Dow, AkzoNobel NV, Westlake Chemical Corporation
Sodium Hydroxide (NaOH), also known as caustic soda or lye, is an inorganic compound and a co-product of chlorine production. The versatile alkali is odorless, colorless, and highly soluble in water. It can absorb moisture and carbon dioxide to create a carbonate. Caustic soda is commercially produced by the electrolysis of sodium chloride solution and also by the reaction of calcium hydroxide with sodium carbonate.
New York, NY -- (SBWire) -- 04/13/2020 --Market Industry Reports (MIR) has published a new report titled "Caustic Soda Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030." According to the report, the global Caustic market is anticipated to grow at a CAGR of 3.7% from 2020 to 2030.
The global caustic soda market is majorly driven by its utilization across various industries. It is primarily utilized in the manufacture of pulp &paper, soaps & detergents, petroleum, chemical intermediaries, and agriculture, among others. Additionally, the increased production capacity and technological advancement initiatives undertaken by the key manufacturers will further enhance market growth in the coming years. However, the rising prices of caustic soda, shutting down of manufacturing plants, and product recallsare likely to impact the demand &supply of caustic soda in the coming years.
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Major Key players:
Dow, AkzoNobel NV, Westlake Chemical Corporation, Formosa Plastics Corporation, Xinjiang Zhongtai Chemical Co., Ltd., Olin Corporation, Vynova Group, Shin-Etsu Chemical Co., Ltd., Tosoh Corporation, and Covestro AG, among others.
Caustic Soda Market Segmentation:
By Form:
- Liquid
- Granules
- Flakes
By End-User Industry:
- Pulp &Paper
- Aluminum
- Textile
- Healthcare
- Food
- Detergent
- Chemical
- Water Treatment
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Table of Content
1 Introduction of Caustic Soda Market
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 Executive Summary
3 Research Methodology of Market Industry Reports
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 Caustic Soda Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Caustic Soda Market, By Deployment Model
5.1 Overview
6 Caustic Soda Market, By Solution
6.1 Overview
7 Caustic Soda Market, By Vertical
7.1 Overview
8 Caustic Soda Market, By Geography
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
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