Caustic soda also known as lye or sodium hydroxide is a popular alkali in the world with the formula NaOH. It is soluble in water, highly corrosive and disintegrates protein at room temperature. It has ability to cause severe chemical burn. Caustic soda is commercially available in white solid forms and as solutions of various concentrations in water. Caustic soda is widely used as a base in the preparation of different organic and inorganic chemicals such as carboxymethyl hydroxyethyl cellulose, methanol, polycarbonate, ethylene amines, acetic acid, epoxy resins and many others. it is required in the production of alumina as well as utilized as crude material in for many chemicals used in paper & pulp, dyes, textiles, refinery, soaps & detergents, water treatment, steel or metallurgy, sintering and others. Near about 55.5 million tons of caustic soda is manufactured yearly for industrial needs.
Promising growth of chemical industry in developing countries and growing demand for caustic soda from various commercial sectors is majorly driving the growth of the market. Rising consumption of caustic soda for alumina extraction in the automotive industry is influencing the growth of the market. Beside up surge in growth of end-user segment and higher production facilities act in favour of caustic soda market. Moreover, increasing demand for some of the downstream products such as paper & paperboates, soaps & detergents are expected to boost the growth of global caustic soda market. However, highly corrosive and reactive nature caustic soda causes a hazardous environmental impact which is likely to restrain market. In addition caustic-soda being by-product of chlorine manufacturing process, reduced production rates of chlorine and extreme energy demanding production process may act as deterrent hampering growth of the market. Rising expansion of pant capacities and emerging joint ventures in developing countries incorporate significant opportunities for market players.
The global Caustic soda market is segmented on the basis of application and region.
On the basis on application, the global market is widely distributed into alumina, organic chemical, inorganic chemical, pulp & paper, textiles, soap & detergents, water treatment, bleach manufacturing, steel/metallurgy- sintering, petroleum products and others.
Geographically, the global market for caustic soda is divided into Europe, North America, Asia-Pacific, Latin America, the Middle East & Africa. Caustic soda market in North America is affected by increased demand from textile industries as well as application in soaps & detergents. Europe market is determined by application of caustic soda as an essential reactant in production of various organic chemicals. In addition more than half of the production is applied in diversified applications such as rubber recycling, synthesis or pharmaceutical compounds and the neutralization of acids. In Asia-Pacific market for caustic soda is getting influenced by expanding industrial sector and growing consumption in aluminium production. Moreover, countries such as China, India, Taiwan and Vietnam are majorly contributing to the growth of caustic soda market.
Key Market Players
- Dow Chemical
- Olin Corporation
- Formosa Plastics Corporation
- Shin-Etsu Chemical
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