WASHINGTON, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Caustic Soda Market finds that growth of chemical industry in emerging markets is expediting market growth. Primarily driven by high growth in end-user segments, the total global Caustic Soda Market is estimated to reach USD 59.36 billion by 2028, up from USD 45.91 billion in 2020, at a compound annual growth rate (CAGR) of 3.26%.
Furthermore, the increase in production facilities is also anticipated to augment the growth of the global Caustic Soda Market, states Vantage Market Research, in a report, titled “Caustic Soda Market By Production Process (Membrane Cell, Diaphragm Cell, and Others), By Application (Inorganic Chemicals, Organic Chemicals, Pulp & Paper, Alumina, Food, Soaps and Detergents, Textiles, Water Treatment, and Others) and by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Market Assessment (2016 - 2021) & Forecast (2022 - 2028).”
Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/caustic-soda-market-1091/request-sample
(The Free Sample Of This Report Is Readily Available On Request).
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 160+ Pages Research Report (Including latest research)
- Provide chapter-wise guidance on request, 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
The report on Caustic Soda Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Market Dynamics:
Wide Application Base of Caustic Soda is the Primary Driver behind Rising Demand
Caustic soda is consumed in a variety of applications primarily, the manufacturing of soap and detergents, pulp and paper, petroleum products, alumina, and chemical products among others. Such a wide application base is the primary driving factor for the growth of the global caustic soda market. Apart from that, other applications include water treatment, textiles, food, glass making, metal processing, mining, and others. Globally, the chemical industry is the major consumer of caustic soda accounting for almost 40% of total consumption. Especially, the rising consumption of caustic soda for manufacturing of chlorinated solvents, chlorinated methane’s, and plastics, most notably polyvinyl chloride is likely to bolster the market growth in upcoming years. A continuously growing and huge chemical industry especially in China, India, the U.S., Singapore, and Germany is likely to generate massive demand for causative soda during upcoming years. Additionally, the rapid pace of industrialization in emerging economies from Southeast Asia and Latin America are likely to witness a substantial increase in the demand for caustic soda during the forecast period.
Important questions answered in this report:
- What is the estimated market size and growth rate of the Caustic Soda Market?
- Which segments are included in the Caustic Soda Market?
- Which top companies are active in the Caustic Soda Market?
- What are the major driving factors for the growth of the Caustic Soda Market?
- How can I get free sample reports or study of Caustic Soda Market?
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/caustic-soda-market-1091
Burgeoning Demand for Caustic Soda from End-use Sectors combined with Production Capacity Expansion to Stimulate the Market Growth
The global caustic soda market has been witnessing a substantial rise in the demand for caustic soda for the last few years. While caustic soda producers are engaged in the production capacity expansion to cater to the rising demand, which cumulatively stimulates the growth of the global caustic soda market. Below mention are some of the market players who are engaged in caustic soda production capacity expansion:
- Recently in January 2021, an Indian company Andhra Sugars announced plans to expand its caustic soda production capacity to 900TPD from its current capacity of 500TPD.
- In January 2021, Shin-Etsu Chemical Co. announced the plans to further increase its production capacity of caustic soda by 390,000 m.t./yr. The project construction is expected to be completed by end of 2023.
- In November 2020, Meghmani Finechem Limited made an announcement of the expansion of the existing caustic soda production capacity of 294,000 TPA to 400,000 TPA. This additional capacity is expected to commercialize by March 2022.
Moreover, several other players from China, India, the U.S., and Europe have either expanded or announced the plans to expand caustic soda production capacity. Such major capacity additions combined with rising caustic soda demand from various end-use sectors are likely to boost the market growth in upcoming years.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the coatings industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Advantages of this Research:
- Evaluate market share for commercial Caustic Soda market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
- Develop tactics and strategies to take advantage of opportunities in the Caustic Soda market.
- Latest Trends and Market Events and analyze essential events in Caustic Soda market.
- Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
- Answer vital business questions; supports decision making in R&D to long term marketing strategies
- Develop economic models, forecast models, and healthcare frameworks.
Segment Summary:
- Based on the production process, the market has been segmented into membrane cell, diaphragm cell, and others. Diaphragm cell production process is anticipated to grow at a substantial CAGR during the forecast period. The diaphragm cell allows easy flow of brine from the anode to cathode and helps separate the chlorine and hydrogen gas spaces.
- On the basis of application, the market has been bifurcated into inorganic chemicals, organic chemicals, pulp & paper, alumina, food, soaps and detergents, textiles, water treatment, and others. The organic chemicals segment projected to held largest share in 2020. Caustic soda is highly used in organic chemicals like dyes, pigments, and agrochemicals. Furthermore, the textile segment is projected to grow at a fastest CAGR owing to the increasing use of caustic soda to remove waxes and oils from fibre, making it receptive to bleaching, dying, etc.
Regional Analysis:
Asia Pacific Dominates the Global Caustic Soda Market
Asia Pacific has dominated the global caustic soda market with 38.58% of the share of the total market in 2020 and is likely to continue the same trend during the forecast period. This is attributable to the rising interest rates, high consumer expenditure, expanding construction and chemical industry, and subsidies offered by the government in the region. Furthermore, high penetration of smart devices is also expected to support the regional growth of the market. China projected to dominate the Asia Pacific market in 2020 owing to the expansion of end-use industries in the country. India is also projected to hold a significant share due to the presence of a greater number of chemical manufacturing bases.
North America, and Europe are also likely to witness substantial growth in the Caustic Soda Market during the forecast period. This is attributable to the growing manufacturing bases in the regions. Additionally, the increasing demand from soap and detergents, textile as well as pulp & paper applications is also expected to support the growth of the caustic soda market in near future.
List of Prominent Players in the Caustic Soda Market:
| SR. NO. | COMPANIES | HEADQUARTERS |
| 1. | Dow Chemical Company | Michigan, United States |
| 2. | Solvay SA | Brussels, Belgium |
| 3. | Tata Chemicals Limited | Mumbai, India |
| 4. | Occidental Petroleum Corporation | Texas, United States |
| 5. | Olin Corporation | Missouri, United States |
| 6. | PPG Industries | Pennsylvania, United States |
| 7. | Tosoh Corporation | Tokyo, Japan |
| 8. | Formosa Plastics Corporation | Kaohsiung, Taiwan |
| 9. | SABIC | Riyadh, Saudi Arabia |
| 10. | Nirma Limited | Ahmedabad, India |
Request Customized Copy of Report @ https://www.vantagemarketresearch.com/caustic-soda-market-1091/customization-request
(We customize your report according to your research need. Ask our sales team for report customization.)
This market titled “Caustic Soda Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size 2020 Value | USD 45.91 Billion |
| Market Forecast for 2028 | USD 59.36 Billion |
| Expected CAGR Growth | CAGR of 3.3% from 2021 to 2028 |
| Base Year | 2020 |
| Historic Years | 2016 – 2019 |
| Forecast Years | 2021 – 2028 |
| Segments Covered | Production Process: Membrane Cell, Diaphragm Cell, and Others Application: Inorganic Chemicals, Organic Chemicals, Pulp & Paper, Alumina, Food, Soaps and Detergents, Textiles, Water Treatment, and Others |
| Quantitative Data – Units | Revenue in USD Million/Billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert@ https://www.vantagemarketresearch.com/caustic-soda-market-1091/inquiry-before-buying
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
Browse More Related Report:
- Fiber Reinforced Polymer Market:- https://www.vantagemarketresearch.com/industry-report/fiber-reinforced-polymer-market-0901
- Alcohol and Starch Enzyme Market:- https://www.vantagemarketresearch.com/industry-report/alcohol-and-starch-enzyme-market-1058
- Interior Architectural Coatings Market:- https://www.vantagemarketresearch.com/industry-report/interior-architectural-coatings-market-0933
- Construction Chemicals Market:- https://www.vantagemarketresearch.com/industry-report/construction-chemicals-market-0922
- Paint and Construction Chemicals Market:- https://www.vantagemarketresearch.com/industry-report/paint-and-construction-chemicals-market-0921
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
