Caustic Soda Market Dynamics, SWOT Analysis and Competitive Insights till 2024

Felton, California , USA, Jan 28, 2021 — /EPR Network/ —

Global Caustic Soda Market is anticipated to reach USD 46.31 billion by 2024. Caustic soda is used in bleaching pulp and in verticals such as inorganic, organic, dyes, and textile. The factors that propel the growth of the caustic soda industry include growing demand from the chemicals manufacturing, the increasing demand for alumina in the automotive industry, and the growing demand with respect to paperboards and paper. On the other hand, there are factors that may hamper the growth of the market including energy-intensive procedure of the production of caustic soda.

Caustic Soda Market is anticipated to grow at a significant CAGR of 3.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Caustic Soda industry may be explored by type, application, and geography. The market may be explored by type as Flake, Lye. Others may include prill, microprill, and pellet.

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Some of the key players that fuel the growth of the Caustic Soda industry comprise Formosa Plastics Corporation, Dow Chemical Company, PPG Industries, Tosoh Corporation, Ineo’s Group Limited, Hanwha Chemical Corporation, Occidental Petroleum Corporation, FMC Corporation, and Solvay SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Global Caustic Soda Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • Alumina
  • Inorganic chemicals
  • Organic chemicals
  • Food and Pulp & Paper
  • Soaps & Detergents
  • Textiles
  • Water Treatment
  • Steel/Metallurgy – Sintering
  • Others

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Global Caustic Soda Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)

  • North America
  • U.S.
  • Europe
  • Germany
  • France
  • UK
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Middle East & Africa
  • Central & South America

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