DUBLIN--(BUSINESS WIRE)--The "Oman Sodium Hydroxide Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The publisher expects the market value to reach a volume of 185,376 Metric Tons by 2024, exhibiting a CAGR of around 5% during 2019-2024.
The Oman sodium hydroxide market reached a volume of 138,610 Metric Tons in 2018. Caustic soda, also known as sodium hydroxide (NaOH), refers to an inorganic compound which comprises sodium cations Na+ and hydroxide anions OH-. It is industrially prepared through the electrolytic chlor-alkali process in which electrolysis of aqueous sodium chloride solution produces chlorine gas and sodium hydroxide. It is an odorless and non-flammable white solid which is commercially available in the form of flakes, pellets, granules and aqueous solutions of different concentrations.
Major factor driving the market of sodium hydroxide in Oman region is increasing use of NaOH in number of industries including chemical, automotive, water treatment, and food and beverage. Oman being one of the Gulf region's fastest growing economies has growing industries in this region therefore accelerated the demand of caustic soda in this region. Moreover, on account of its easy availability and affordability over its substitutes, it is regarded as one of the preferred chemical compounds employed to control acidity and remove heavy metals from water. Moreover, NaOH costs less than its alternative available which is potassium hydroxide. Therefore, it is economical to use sodium hydroxide than its alternative. It is available commercially in various forms such as liquid, solid, flakes, or particles.
Wide accessibility and availability of the product in Oman region has further driven the market of NaOH. Caustic soda is also used in the production of paper wherein it helps in dissolving unwanted compounds present in the wood pulp. Omani government is facilitating tax incentives and credit approvals, and also making amendments in policies in order to attract foreign direct investments.
Key Questions Answered in This Report:
How has the Oman sodium hydroxide market performed so far and how will it perform in the coming years?
Which are the key product types in the Oman sodium hydroxide market?
What are the major application segments of Oman sodium hydroxide market?
What are the major end-use industries in the sodium hydroxide market in Oman?
What has been the prices of sodium hydroxide in Oman and how will the prices change in the coming years?
What is the structure of the Oman sodium hydroxide industry and who are the key players?
What are the key driving factors and challenges in the Oman sodium hydroxide industry?
What is the degree of competition in the Oman sodium hydroxide industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Oman sodium hydroxide Market
5.1 Market Overview
5.1.1 Volume Trends
5.1.2 Value Trends
5.2 Market Performance
5.3 Consumption by End-use Industry
5.4 Consumption by Form
5.5 Consumption by Application
5.6 Market Forecast
6 Consumption Breakup by End-Use Industry
6.1 Aluminium Processing
6.2 Soaps and Detergents
6.3 Chemical Processing
6.4 Paper and Pulp
7 Consumption Breakup by Form
8 Consumption Breakup by Application
8.1 Cleaning Agent
9 Price Analysis
9.1 Price Dynamics
9.2 Key Price Indicators
9.3 Price Structure
9.4 Average Prices by End-Use Industry
9.5 Prices Variation by Country
9.6 Price Forecast
9.7 Key Assumptions
10 Key Buyers & Purchasing Criteria Analysis by Industry
10.1 Key Buyers Analysis
10.2 Purchasing Criteria
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Key Market Opportunities for New Entrants
11.4 Possibility for Capturing Market Share by a New Entrant
12 Key Industry Dynamics
12.1 Technological Factors and their Impact on the Industry: Current Trends & Future Prospects
12.2 Economic Factors and their Impact on the Industry: Current Trends & Future Prospects
12.3 Social Factors and their Impact on the Industry: Current Trends & Future Prospects
12.4 Other Factors and their Impact on the Industry: Current Trends & Future Prospects
13 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/qweskz