DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Caustic Soda Market: Trends Analysis & Forecasts to 2021" report to their offering.
The global caustic soda market is expected to grow with a CAGR between 3.2% and 4.4 % from 2016 to 2022.
The report segments the global caustic soda market by application and region. On the basis of application, the market is segmented as alumina, detergents, food, inorganic chemicals, organic chemicals, pulp & paper, soaps, steel/metallurgy-sintering, textiles, water treatment, and others.
Caustic soda garners a share of more than 40% among the inorganic chemicals in terms of volume of consumption worldwide. Demand from the organic chemicals industries account for a significant portion of the volume of caustic soda market. The increasing demand from end user industries such as pulp, paper, and textiles is expected to the drive the growth of the global caustic soda market. The increasing demand for alumina from the automobile industry is boosting the growth of the global caustic soda market during the estimated period.
Owing to the stringent regulations opted by governments in various countries for many industries for the environmental harm caused by the highly corrosive as well as reactive traits of caustic soda is a major restraining factor hampering the growth of the global caustic soda market. The prospects of global caustic soda market depend on the demand for chlorine, as caustic soda is a co-product obtained during the chlorine manufacturing process.
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.
The companies covered in the report include Formosa Plastics Corporation, Hanhwa Chemical Corporation, Ineos Group Limited, Occidental Petroleum Corporation, PPG Industries, Solvay SA, Tata Chemicals, The Dow Chemical Company, Tosoh Corporation, and Xinjiang Zhongtai Chemical Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Global Caustic Soda Market Overview
4. Global Caustic Soda Market Analysis, by Application (USD Million, KT) 2014-2021
5. Global Caustic Soda Market Analysis, by Region (USD Million, KT) 2014-2021
6. Company Profiles
- Formosa Plastics Corporation
- Hanhwa Chemical Corporation
- Ineos Group Limited
- Occidental Petroleum Corporation
- PPG Industries
- Solvay SA
- Tata Chemicals
- The Dow Chemical Company
- Tosoh Corporation
- Xinjiang Zhongtai Chemical Co. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/5v8ssb/global_caustic