Dublin, Feb. 03, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/dt65c2/global_caustic) has announced the addition of the "Global Caustic Soda Market 2016-2020" report to their offering.
The global caustic soda market to grow at a CAGR of 3.09% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global caustic soda market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sale of caustic soda in several industries including pulp and paper, alumina, inorganics and organic chemicals production, soaps, detergents, and textiles, water treatment, and other segments. The report also includes a discussion of the key vendors operating in this market.
Caustic soda prices have increased at an estimated average annual rate of 0.5% in the past three years. Manufacturers' production costs have increased during this period as the price of utilities like energy and water has steadily grown.
According to the report, caustic soda is one of the main constituents in the production of construction material like PVC, epoxy resins, and polycarbonate. Demand for PVC in the construction industry has been experiencing huge growth in the past five years.
Further, the report states that China is among the largest producers of caustic soda in the world, with over 40 million MTPA capacity in 2014. However, slow economic growth and rising costs have resulted in a tight market in the country. This is expected to pose challenges to some of the upcoming projects.
The market is divided into the following segments based on application:
- Pulp and paper
- Organic chemicals
- Inorganic chemicals
- Soaps/detergents/textiles
- Alumina
- Water treatment and others
Key vendors
- Arkema
- Bayer MaterialScience
- Dow Chemicals
- FMC
- Kemira
- SABIC
- Solvay Chemicals
Other prominent vendors
- AkzoNobel
- Axiall Corporation
- Formosa Plastics
- Ineos Chlorvinyls
- Occidental Petroleum Corporation
- Olin Corporation
- Reliance Industries
- Shin-Etsu Chemical
- Tianjin Tiankai Chemical Industries Import and Export Corporation
For more information visit http://www.researchandmarkets.com/research/dt65c2/global_caustic