Caustic Soda Market Overview:
IMARC Group’s latest research report, titled “Caustic Soda Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global caustic soda market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global caustic soda market reached a volume of 78.54 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 88.46 Million Tons by 2027, exhibiting at a CAGR of 1.9% during 2022-2027. Caustic soda is an essential building block used in various end-use industries due to its alkaline solid property. It is obtained by the electrolysis of sodium chloride solution using one of the cell types, such as diaphragm and membrane cells. It has an exceptional ability to dissolve or extract; thus, it is majorly used in the paper and pulp sector.
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Caustic Soda Market Trends:
The global market is majorly driven by the rising consumption of caustic soda in the manufacturing of chlorinated solvents, chlorinated methane, and plastics. Besides this, the rapid preference for online shopping has increased the demand for packaging paper, which has driven the need for caustic soda. Apart from this, the rising trend for lightweight vehicles has led to the escalating demand for aluminum and caustic soda, which is used to refine alumina from bauxite. Additionally, the growing requirement of the product in the manufacturing of soaps and detergents is further providing a boost to the sales of the product across the globe.
Key Players Included in Global Caustic Soda Market Research Report:
- 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
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
COVID-19 Impact Overview:
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.
Key Market Segmentation Breakup by:
- Membrane Cell
- Diaphragm Cell
- Reagent Grade
- Industrial Grade
- Pharmaceutical Grade
- Inorganic Chemicals
- Organic Chemicals
- Food, Pulp and Paper
- Soap and Detergents
- Water Treatment
- 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)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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
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.
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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Also Read: Hot Sauce Market Research Report 2022-2027: https://www.optimystictechnology.com/hot-sauce-market-price-growth-rate-share-report-2022-2027/