The global caustic soda market is forecast to reach USD 59.24 Billion by 2027, according to a new report by Reports and Data. Caustic soda is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. Caustic soda is a simple man-made chemical compound and comprises of one oxygen (O), one sodium (Na), and one hydrogen (H) atom, which is why it’s also known as sodium hydroxide, NaOH.
Caustic soda is a substance used as an ingredient or in the production of dozens of household products such as detergents, body soap, and drain cleaners. Caustic soda is a simple man-made chemical compound and comprises of one oxygen (O), one sodium (Na), and one hydrogen (H) atom, which is why it’s also known as sodium hydroxide, NaOH.
Key participants include Dow Chemical Company, Tata Chemicals Limited, FMC Corporation, PPG Industries, Tosoh Corporation, Nirma Limited, Hanwha Chemical Corporation, Ineos Group Limited, Formosa Plastics Corporation, and Occidental Petroleum Corporation (OXY), among others.
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Caustic soda is a solid at room temperature, but since it readily dissolves in water, it is usually sold and transported as a solution of different variety concentrations. When the market product is mixed with water or an acid, the resultant is a strong exothermic reaction where heat is released, and is used as a source of energy to trigger other chemical processes.
In many lye-related chemical reactions, caustic soda gives up its sodium, hydrogen, and oxygen atoms to help form new chemical compounds. In conditions where a corrosive substance is required, like for a drain blockage, caustic soda helps to dissolve the organic materials but will leave the polyvinyl chloride pipes intact. It is also used in the production of ice cream, soft drinks, and food dye. The corrosive and toxic properties of caustic soda disappear in these processes, such as the case with soap above.
For the purpose of this report, Reports and Data have segmented into the global Caustic Soda market on the basis of type, manufacturing process, grade, applications, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
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China’s pulp and paper industry is modern and highly mechanized, and the labor is significantly cheap. Owing to the government afforestation initiatives, forest cover is increasing in the region. With a thriving pulp and paper industry, along with a growing demand from other end users, the consumption of caustic soda is expected to rise in China in the coming years.
Further key findings from the report suggest
Table of Content –
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027 Chapter 3. Indicative Metrics Chapter 4. Caustic Soda Market Segmentation & Impact Analysis 4.1. Caustic Soda Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Growth of chemical industry in emerging market 4.2.2.2. High demand from end-user segments 4.2.3. Market restraints analysis 4.2.3.1. Impact on environment 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis Continued…
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