Global Caustic Soda Market is accounted for $32.83 billion in 2020 and is expected to reach $49.25 billion by 2028 growing at a CAGR of 5.2% during the forecast period. Strong product demand from chemical industry and rapid industrialization in emerging regions are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising product consumption in aluminium, soaps and detergents, organic chemicals, and more. High product demand can mainly be attributed to growth of the textile industry in emerging economies such as China, India, Vietnam, and Taiwan. Over 40% of the global production, as well as demand, come from China on account of the high growth of various industries.
Some of the key players profiled in the Caustic Soda Market include Akzo Nobel NV, Aras Petrochemical Company, Arkema S.A, Covestro AG, Dow, FMC Corporation, Formosa Plastics Corp, Hanwha Chemical Corporation, Occidental Petroleum Corporation, Olin Corporation, SABIC, Shin-Etsu Chemicals Co. Ltd, Solvay, Tata Chemicals Limited, and Union Chlorine LLC.
Types Covered in Caustic Soda Market
• Liquid Caustic Soda
• Solid Caustic Soda
• Industrial Grade
• Pharmaceutical Grade
• Reagent Grade
Production Technologies Covered:
• Diaphragm Cell
• Membrane Sell
• Mercury Cell
• Organic Chemicals
• Inorganic Chemicals
• Dye & Ink
• Food Processing
• Pulp & Paper
• Soaps & Detergents
• Steel/Metallurgy- Sintering
• Water Treatment
Distribution Channels Covered:
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