Caustic Soda Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of caustic soda market by applications (pulp & paper, organic chemical, inorganic chemical, soap & detergent, alumina, water treatment, textile, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the caustic soda market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global caustic soda market are DowDuPont, Hanhwa Chemical, Solvay S.A., Ineos Group Limited, Occidental Petroleum Corporation, PPG Industries, Inc., Tata Chemicals Limited, Tosoh Corporation, Xinjiang Zhongtai Chemical Co. Ltd., Formosa Plastics Corporation, and Other Companies. The global caustic soda market is projected to grow at a CAGR of 4.8% over the forecast period of 2019-2025.
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Caustic Soda Market: Drivers, Restrain and Opportunities
The global demand for caustic soda is growing at a substantial pace owing to growing application industries such as aluminum, soap, and detergents among others. Caustic soda garners a share of more than 40% among the inorganic chemicals in terms of volume of consumption worldwide. The increasing demand from ends user industries such as pulp, paper, and textiles is expected to drive the growth of the global caustic soda market. Furthermore, the increasing demand for alumina from the automobile industry is boosting the growth of the global caustic soda market during the estimated period.
The lower demand for chlorine from PVC manufacturing industry is expected to influence the volume of production of the caustic soda during the forecast period. As production of caustic soda involves higher power consumption, market growth is expected to face a major challenge of higher manufacturing cost. Higher price fluctuation for caustic soda in the commodities spot market is also expected to pose a major restraint for the major players in the market during the forecast period.
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European Caustic Soda Market is Expected to Experience Moderate Growth as the Market
The global chlorine market was dominated by the Asia-Pacific region among the geographies. China is the largest consumer and producer of caustic soda. The phenomenal increase in demand from the textile industry in countries such as China, India, Taiwan, and Vietnam is expected to drive growth in the Asia-Pacific market. Going forward, European caustic soda market is expected to experience moderate growth as the market has attained maturity in this region. North America accounted for approximately 20% share in the global caustic soda market in 2017. The U.S. drives the relatively matured North American caustic soda market.
South America is a major exporting destination for the major players in global caustic soda market. The demand for consumer products in the major emerging countries such as Brazil is expected to drive the growth of the caustic soda market in South America. Africa is a major untapped market with ample opportunities for major players to expand during the forecast period. The heavy investments in research and development for the development of efficient production processes as well as new products are expected to create new opportunities for major players in the global caustic soda market during the forecast period.
Caustic Soda Market: Segmentation
The report on global caustic soda market covers segments such as applications. On the basis of applications, the sub-markets include pulp & paper, organic chemical, inorganic chemical, soap & detergent, alumina, water treatment, textile, and other applications.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the caustic soda.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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