Caustic Soda Market by Form (Liquid, Granules, and Flakes), By End-Use Industry (Pulp &Paper, Aluminum, Textile, Healthcare, Food, Detergent, Chemical, and Water Treatment)- Global Analysis & Forecast 2020-2030
Report ID : 282 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : CM-24
Caustic Soda Market Overview and Introduction
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.
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, therising 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.
The globalcaustic soda market is segmented by form, end-useindustry, and region.
Caustic Soda Market By Form
By form, the caustic soda market can be segmented into liquid, granules,and flakes. The demand for flakes is rising owing to its high solubility in water as compared to the granular form and its attractive pricing. Moreover, caustic soda is available in liquid form which has a purity of 50% when mixed with water. Liquid caustic soda finds applications in chemical fibers, pulp & paper, chemical products, food additives,and others.
Caustic Soda Market By End Use Industry
In terms of end-use industry, the caustic soda market can be segmented into pulp & paper, glass &ceramics, aluminum, textile, healthcare, food, beauty &personal care, paints &coatings, detergents, chemicals, water treatment,and others. The aluminum segment accounts for the largest market share.Furthermore, the utilization of caustic soda in the Kraft pulping process for pulp &paper production will further enhance market growth.
Caustic Soda Market By Region
The globalcaustic soda market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW).Asia Pacific stands to dominate the market owing to the high demand from China and India. The growing utilization of caustic soda in textiles, paper, and chemical applications is boosting market growth. Furthermore, the growing utilization of soaps &detergents and cosmetic products in the region willcreate more growth opportunities. Additionally, theincreasing production of caustic soda is China and India is supplementing the growing demand for caustic soda. For instance, in India, GNAL plans to set up a caustic soda plant that will cater to its power requirements. Lords Chloro Alkali Limited, another leading manufacturer of caustic soda, plans to expand its caustic soda production from 90,729 tpa to 1,65,000 tpa in the coming years.
Caustic SodaMarket Prominent Players
Some of the prominent players in the globalcaustic soda market areDow, 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.