According to a new report published by Reports Monitor titled, “Caustic Soda Market by Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the caustic soda Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
In last couple of years, there has been immense increase in demand for caustic soda owing to its wide usage in variety of industries. Caustic soda is highly corrosive and reactive in nature and act as strong alkali. It readily dissolves in water forming aqueous solution and possess ability to cause severe chemical burns. Caustic soda is majorly utilized in aluminium production.
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It serves as essential organic and inorganic chemical in various commercial sectors such as paper & pulp, textile, soap & detergent, water treatment, petroleum products, bleach manufacturing and many others. Near about 55.5 million tons of caustic soda is manufactured yearly for industrial needs.
Expanding industrialization in emerging market and rising need for caustic soda in various manufacturing and downstream processes propels the market growth of caustic soda. Furthermore, increasing demand from end-user segment, increased production potential and rising demand in alumina extraction pertaining to growing automotive industry drives further growth of the market. However, energy intensive manufacturing process and rising environmental concerns regarding usage of caustic soda may act as obstacle constraining caustic soda market growth. In addition, being by-product of chlorine production process, lowered manufacturing rate of chlorine might affect production capacity of caustic soda which might hinder market growth. Extending plant volume and emerging joint ventures provides lucrative opportunities to key market players to expand their business.
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Asia-Pacific caustic soda market is majorly enforced by growing industrial sector across the region. Demand for caustic soda is surging in manufacturing plants such as aluminium, PVC, petroleum products, paper, bleach, textile and casting blocks, pellets & flakes. Besides China take majority of share in caustic soda production in Asia-Pacific where is India’s increasing GDP will act in favour of market growth.
There is huge opportunity for caustic soda market to flourish in coming years. Many nascent players can infiltrate the market by adopting different strategies such as merger and acquisition. Major Key players operating in the market are Dow Chemical, OxyChem, Axiall, Olin Corporation, Formosa Plastics Corporation, Tosoh, Inovyn, AkzoNobel, Covestro and Shin-Etsu Chemical.
In February 2018, Formosa Plastics Corporation which has joined the wave of petrochemical producers announced that US price for caustic soda has increased by $85/st. four other caustic soda producers OxyChem, Olin and Shintech each said that they would be raising their US prices by $85/st on the other hand Westlake Chemical announced a smaller increase of $40/st in the US.
The study for Global Caustic Soda Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015 Base Year Estimate: 2016 Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
4. Application Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Alumina Extraction
4.2.2. Organic Chemical
4.2.3. Inorganic Chemical
4.2.4. Pulp & Paper
4.2.6. Soaps & Detergents
4.2.7. Water Treatment
4.2.8. Bleach Manufacturing
4.2.10. Petroleum Products
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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