The global caustic soda market reached a volume of 80.7 Million Tons in 2020 and expects to exhibit moderate growth during 2021-2026.
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According to the latest report by IMARC Group, titled “Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the global caustic soda market reached a volume of 80.7 Million Tons in 2020. Looking forward, IMARC Group expects the global caustic soda market to exhibit moderate growth during 2021-2026. Caustic soda is an inorganic compound comprising sodium cations and hydroxide anions. Also known as sodium hydroxide, it is an odorless and non-flammable white solid that is commercially available as pellets, aqueous solutions of different concentrations, granules, and flakes. Due to its corrosive nature, it can generate heat and also ignite combustible materials when dissolved in water. Caustic soda is primarily used as a raw material across various industries, such as water treatment, chemical, automotive, food and beverages, etc.
Key highlights of the Report:
? Market Performance (2015-2020)
? Market Outlook (2021-2026)
? COVID-19 Impact on the Market
? Porter’s Five Forces Analysis
? Historical, Current and Future Market Trends
? Market Drivers and Success Factors
? SWOT Analysis
? Structure of the Market
? Value Chain Analysis
? Comprehensive Mapping of the Competitive Landscape
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
Caustic soda is one the most preferred chemical compounds used to control acidity and remove heavy metals from water as it is affordable and readily available, which primarily drives the market growth. Furthermore, the expanding applications of caustic soda in textile and paper recycling for separating ink from fibers is also augmenting the product demand. Additionally, caustic soda is used to extract alumina, one of the most common aluminum oxides, from naturally occurring minerals which will continue to drive the market growth in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
? The DOW Chemical Company
? Olin Corporation
? Tata Chemicals Limited
? Solvay SA
? FMC Corporation
? Occidental Petroleum Corporation (OXY)
? Formosa Plastics Corporation
? Ineos Group Limited
? PPG Industries
? Xinjiang Zhongtai Chemical Co. Ltd.
? Tosoh Corporation
? Hanwha Chemical Corporation
? Nirma Limited
? Akzo Nobel
? BASF
? Covestro
? DowDuPont
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/caustic-soda-market
Key Market Segmentation:
Breakup by Manufacturing Process:
? Membrane Cell
? Diaphragm Cell
? Others
Breakup by Product Type:
? Lye
? Flake
? Others
Breakup by Grade:
? Reagent Grade
? Industrial Grade
? Pharmaceutical Grade
? Others
Breakup by Application:
? Alumina
? Inorganic Chemicals
? Organic Chemicals
? Food, Pulp and Paper
? Soap and Detergents
? Textiles
? Water Treatment
? Steel/Metallurgy-Sintering
? Others
Breakup by Region:
? North America (United States, Canada)
? Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
? Europe (Germany, France, United Kingdom, Italy, Spain, Others)
? Latin America (Brazil, Mexico, Others)
? Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Source URL: https://marketersmedia.com/caustic-soda-market-price-analysis-demand-report-and-outlook-2021-2026/89041838
Source: MarketersMedia
Release ID: 89041838
COMTEX_392194106/2773/2021-08-25T14:29:28
