The Global Caustic Soda Market is estimated to grow at a CAGR of 5.50% during the forecast period 2019-2026. As per the analyst, the market was valued $36.0 billion by the year 2018 and estimated to reach $55.8 billion by the year 2026. As per the study, the Asia-Pacific region dominate the global market in terms of market share and expected to continue the dominance over the forecast period. In the regional dominance, China plays a key role by holding a top position in both largest consumer and producer of caustic soda along with a largest producer of paper and pulp—plays a major role as a driving factor of the Global Caustic Soda Market.
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Segmentation Overview of the Global Caustic Soda Market
The global caustic soda market is segmented on the basis of production process and application. These market segments are further categorized and studied in detail to get market insights from every possible angle.
The Production Process Segment of the Global Caustic Soda Market is Segmented into:
- Diaphragm Cell
- Membrane Cell
The Application Segment of the Global Caustic Soda Market is Segmented into:
- Water Treatment
- Soap & Detergent
- Pulp & Paper
- Inorganic Chemicals
- Organic Chemical
The global caustic soda market is majorly driven by increasing end-user applications of the caustic soda such as water treatment, soap & detergent, pulp & paper and alumina. Also, the growth of the chemical industry globally will boost the demand of caustic soda to produce organic and inorganic chemicals. However, reactive nature and high corrosive property of caustic soda may impede the growth of the global caustic soda market.
Chemical Industry Growth
As per the report published by United Nations Economic and Social Commission titled ‘The evolving chemicals economy: status and trends relevant for sustainability’, during 2000-2017, the production capacity of the Global Chemical Industry gets doubled from ~1.20 billion tons to ~2.3 billion tons. Also, the study predicted that the sales of the Chemical Industry are estimated to get double during 2017-2030. In past few years, the production capacity, production volume and sales have grown in the emerging economies and same trend is anticipated to continue for future period. Discussing regionally, the Asia-Pacific has largest market share in the Global Chemical Industry, owing to huge investments from multinational companies in the region to fulfill the rapidly increasing global demand.
As per the report, Asia accounts as the largest chemical consuming and producing region and China contribute majorly in the regional dominance considering chemical industry. Furthermore, China hold the position of world’s largest chemical industry with ~37% of the global chemical sales followed by European Union and regions included in North American Free Trade Agreement (NAFTA).
Key Players Insights
Tata Chemicals Limited, BAYER AG, Arkema Group, Eastman Chemical Company, FMC Corporation, BASF, Solvay SA, AkzoNobel, Occidental Petroleum Corporation and Dow Chemical Company are some major companies included in the research study of the Global Caustic Soda Market. Market players are adopting various competitive strategies to withhold the market position for the long-term. Some of the strategies are product launch, collaboration, mergers and acquisitions, joint venture and others.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Caustic Soda Market, By Production Process
Chapter 5: Caustic Soda Market, By Application
Chapter 6: Caustic Soda Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles:
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