Caustic Soda Market to Grow at a CAGR of 4.95% by 2035
Posted by ChemAnalyst on April 14th, 2022
According to ChemAnalyst report, “Caustic Soda Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035”, The Caustic Soda market is expected to witness considerable growth by reaching 68.76 million tonnes in 2035, at a healthy CAGR of 4.95% in the span of the next 10-15 years. Increasing demand for high-grade alumina from refractories and a steady rise in paper and pulp industry consumption are the key factors driving the demand for Caustic Soda. Caustic Soda is widely used in the textile industry for scouring, mercerization, and dyeing. Growth in export demand for textiles, coupled with increasing demand for paper and pulp, will also be one of the significant reasons for propelling demand for Caustic Soda in the forecasting period.
Caustic Soda is a co-product of the chlor-alkali facilities. Liquid caustic soda is odourless and colourless. Caustic soda reacts readily with metals such as aluminium, magnesium, zinc, tin, chromium, bronze, brass, copper, and alloys containing these metals. Galvanized (zinc-coated) materials and contact with acids, halogenated organics, organic nitro compounds, and glycol should be avoided.
Read Full Report Here: https://www.chemanalyst.com/industry-report/caustic-soda-market-681
Caustic soda has many applications based primarily on its ability as a solid alkali to react with many substances. It has a more substantial base and is a faster reactant than other alkalis. Caustic soda can easily be transported and stored in the liquid form. Also, it does not form carbon dioxide or other insoluble carbonates. The most prominent uses for caustic soda are pulp and paper manufacturing, alumina production, de-inking of wastepaper, water treatment, and general chemistry. Caustic soda is a primary feedstock in manufacturing a wide range of chemicals. It is used as an intermediate and a reactant in processes that produce solvents, plastics, synthetic fibres, bleach, adhesives, coatings, herbicides, dyes, inks, and pharmaceuticals such as aspirin. It is also used in soap and detergent, oil and gas, and textile industries, as well as to neutralize acidic waste streams and scrub acidic components from off-gases. With all downstream applications, appropriate registrations and approvals may be required.
Caustic Soda Market is segmented based on grade, type end-use, sales channel, and region. Industrial Grade, Pharmaceutical Grade, and Lab Reagent Grade are the three primary grades of caustic soda sold globally. Industrial grade is the highly concentrated form of caustic soda mainly utilized for laboratory purposes and accounts for 77% of the total market as of 2021
Based on end-uses, the Caustic Soda market is segregated into textile, alumina, pulp & paper, soap & detergent, organic & inorganic chemical, and others. The leading sector is the chemical consumption of caustic soda as a reagent in laboratories. In the Chlor-alkali process, it reacts with protic acid to produce sodium chloride (NaCl). It is used to prepare soda lime as well. It is widely utilized for extracting aluminium from bauxite.
Additionally, the rising consumption of caustic as a cleaning agent and to produce washing soda, soaps, rayon, paper, explosives, dyestuffs, and petroleum products will most likely boost the overall demand in the forecasted period.
Based on the type, the market is divided into caustic soda lye and caustic soda flakes. The flakes market holds the largest market share among both. Caustic soda flakes are a solid form of sodium hydroxide free from foreign matter, dirt, or other visible impurities.
The product is widely used in textile, soaps and detergent, pulp, paper, and alumina refineries. At the same time, Lye is used for soap making, candle making, homemade biodiesel, frosting glass, several foods, and chemistry experiments. In 2021, caustic flake holds around 70% of the total market.
Due to the unprecedented outbreak of COVID-19 in 2020, the Caustic Soda market showcased a downward trajectory around the globe. Because of the worldwide lockdown enforced by the leading government authorities impacted different industries, manufacturing facilities and businesses across the globe. However, amidst the looming concern, demand from the end-use agriculture sector remained firm during the covid times. After the opening of the lockdown, the market growth observed an uptrend due to the increased demand from the downstream industries.
Among different regions, the Asia Pacific region accounts for the largest share in the Caustic Soda market and is likely to maintain its dominance until the forecast period. China, being one of the leading producers of Caustic Soda, is likely to boost its manufacturing due to its increased demand for paper & pulp, alumina the chemical industry for control acidity and remove heavy metals from water across world,
some of the major players operating in Caustic Soda market include Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying Jingling chemical.
“Rising demand for the cleaning agents for domestic and commercial purposes, growing aluminum extraction activities in the country coupled with and surging textile industries are expected to boost the Caustic Soda market in the forecast period until 2035. Consequently, increasing consumption of caustic soda in paper & pulp industries to meet the demand of the growing urban population is a key market driver of the global caustic soda market & they are anticipated to fuel the growth in upcoming years “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
Like it? Share it!
About the AuthorChemAnalyst
Joined: August 3rd, 2021
Articles Posted: 34
More by this author