Global Caustic Soda Market Key Insights:
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Capacity Addition & Plant Turnarounds
Global Caustic Soda Market Outlook
The global caustic soda market stood at a volume of about 76 million metric tons in 2018 backed by a strong demand. Caustic soda is widely consumed in textiles, dyes, chemical, alumina mining, paper and pulp and food industries. The growth in the demand for alumina in the automotive industry led the global market to be higher by about 3% in 2016 from a year ago. Driven by increasing applications of aluminium in pulp and paper and transportation industries, the global caustic soda market is likely to register moderate growth at a CAGR of nearly 3% during the forecasted period of 2019-2024.
Get a Free Sample Report For Market Study - https://www.expertmarketresearch.com/request?type=report&id=109&flag=B
Properties and Applications
Caustic soda or sodium hydroxide is an odourless, highly corrosive, non-flammable white solid which can also be used as an esterification and transesterification reagent and cleaning agent. It is widely consumed in chemical pulping involving sulphite, sulphate, and soda and finds applications in industries such as:
- Pulp and Paper
- Soaps, Detergents and Textiles
- Water Treatment
Global Caustic Soda Market Analysis
The pulp and paper segment dominates the demand for caustic soda in the market. The pulp and paper, the organic chemicals and inorganic chemicals industries contribute a major share of more than half of the overall demand for caustic soda and are anticipated to dominate during the forecasted period of 2019-2024.
These major industries are followed by the soaps, detergents, textiles, alumina production, water treatment chemicals, and other industries.
The market for caustic soda has so far been led by APAC followed by North America and Europe. High demand in chemical pulping, waste and recycled water treatment, bleaching, and synthesis of other chemicals in many countries has escalated the demand for caustic soda exponentially with EU imports as of 2017 surging by about 1.3% as compared to the previous year.
In 2017, prices surged by about 40-45% globally due to supply constraints as China being the largest producer faced production restrictions. The prices, however, started to stabilise in 2018. China’s exports have reduced significantly in the past five years due to greater domestic demands amidst supply issues.
In 2018, AkzoNobel Specialty Chemicals and Evonik Industries successfully started chlorine and potassium hydroxide production at their joint venture facility in Germany after a year and a half of preparation.
The report offers a detailed analysis of the following key players covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the global caustic soda market:
- Arkema Group Co.
- Covestro AG (Formerly Bayer MaterialScience AG)
- The Dow Chemical Company
- FMC Corporation
- Kemira Oyj
- Solvay Chemicals Inc.
EMR’s comprehensive report on the global caustic soda market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.