According to study, “Global
Caustic soda Market Size study, by Application (Electric Power, Alumina,
Inorganic Chemical, Chemical, Food, Pulp & Paper, Soaps and Detergents,
Textiles, Water Treatment, Steel/Metallurgy-Sintering, Others) and Regional
Forecasts 2018-2025” some of the major companies that
are currently working in the global caustic soda market are FMC Corporations, Axiall,
Occidental Petroleum Corporation (OXY), Olin Corporations, The Dow Chemical
Company, Gujarat Alkalies and Chemicals, SABIC, Asahi Glass, Arkema, Grasim
(Aditya Birla), Westlake Chemical Corporation, Kemira, Ineos Group Ltd.,
Formosa Plastics Corporation, PPG Industries, Xinjiang Zhongtai Chemicals Co.
Ltd., Covestro AG, Tata Chemicals Ltd.,China National Chem, Nirma Limited, Shin-Etsu
Chemicals Co. Ltd.,Tokuyama Corp.,Solvay SA, LG Chemical, Inovyn, Hanwha
Chemical Corporation, Tosoh Corporation, Evonik, Tessenderlo Group, VESTOLIT, Joint
Stock Company Kaustik, AkzoNobel NV, GACL, Sanmar Group, Braskem, Unipar Carbocloro,
Vinnolit, Kem One.
Caustic Soda is an inorganic composite
or compound also called sodium hydroxide consisting of sodium captions (Na+)
and hydroxide anions (OH-). It is highly caustic base &
alkali which decomposes into proteins at normal ambient temperatures. It is
used in manufacturing of soaps, rayon, ceramics, glass, paints etc. It is also used
in manufacturing various medicines & pharmaceutical products, from general
pain relievers like aspirin.
Based on the type, the caustic soda
market is segmented into flake, lye, and others (prill, pellet, microprill). Based
on the production process, market is segmented into diaphragm cell and membrane
cell. Based on application, the market is classified into alumina, pulp &
paper, soaps & detergent, water treatment, food, dye & ink, organic
chemical & inorganic chemical, textiles, steel or metallurgy sintering,
electric powers and others. The demand for pulp & paper segment is
escalating as a result of increasing domestic household tissue paper
necessities.
The Covestro AG is planning to
assemble its individual chlorine production plant in Spain, Tarragona, with
oxygen-depolarized cathode technology (ODC). This ODC technology is based on
the predictable membrane process, in which caustic soda, chlorine, and hydrogen
are frequently produced from rock salt & water. This cost-effective shift
will make certain production control, quality improvement, as well as knowledge
protection.
The market of caustic soda is
mainly driven by growing increased demand from fast growing chemical industries
followed by the increasing demand for paper & paperboards, high growth in
end-user segments & higher production facilities, rising demand for alumina
in the associated with the market are depletion of freshwater resources
followed by the environmental impact, implementation of new technologies (for
producing organic chemicals), energy intensive production process and
unpredictable prices owing to the high energy utilization and uneven production
rates. Moreover some of the key challenges are shifting from mercury cell
process and economic aspects followed by the expansions of the plant capacities
and the joint ventures in the developing market providing a big opportunity.
Additionally the carbon emission and mercury emission are the new burning
issues associated with the global caustic soda market.
Globally, Asia-Pacific region holds
the widespread market share of caustic soda market on account of mounting
chemical industry boosting the key market players in the region. The growth of the
region is primarily associated to countries such as India, China, and Japan. In
near future, it is estimated that the market to grow substantially owing to the
usage of magazine & newspapers.
To know more, click on the link below:
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/caustic-soda-market/175271-101.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
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+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
