Transparency Market Research has published a new
report that presents an executive-level blueprint of the global
caustic soda market. The report is titled “Caustic Soda Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020” and is available for sale on the company website.
According to the findings of the report, the global caustic soda
market, which stood at US$30.82 bn in 2013, is expected to reach
US$39.75 bn by 2020. If the figures hold true, the global caustic
soda market will progress at a CAGR of 3.7% between 2014 and 2020.
This 78 page report gives readers a comprehensive
overview of the Caustic Soda market. Browse through 11 data tables
and 18 figures to unlock the hidden opportunities in this market@
http://www.transparencymarketresearch.com/caustic-soda-market.html
Caustic soda, also known as sodium hydroxide or lye,
is an inorganic compound. It is available commercially in the form of
pellets, flakes, or granules. Caustic soda has diverse industrial
applications due to its strong alkaline nature. It is integral to the
manufacture of petroleum products, pulp and paper, alumina, textiles,
and soaps and detergents, along with its application in food
processing, water treatment, petroleum processing, pharmaceuticals,
glass making, and soaps. For commercial purposes, caustic soda is
used either in a 50% aqueous solution or as a solid. Industrially,
caustic soda is produced by electrolytic chloralkali process.
The report states that the global caustic soda market
has been exhibiting steady growth in the last couple of years. It
attributes factors such as rapid development of end-use industries
such as alumina, pulp and paper, chemicals, and soaps and detergents
for the steady growth of the global caustic soda market. Chlor-alkali
is an electro-intensive industry, as it uses electricity as a raw
material and not as utility. Thus, the energy intensive production
process of caustic soda is anticipated to hamper the market in the
near future. However, upcoming opportunities in the relatively
untapped markets in Africa may open up new growth avenues for the
caustic soda market in the near future.
In terms of volume, organics was the largest
application segment of the caustic soda market, accounting for a
share of approximately 20% in 2013. Caustic soda is extensively used
as a base in the manufacture of various organic chemicals such as
methanol, hydroxyl ethyl cellulose, carboxymethyl hydroxyethyl
cellulose, cellulose ether, methyl cellulose, and acetic acid.
Alumina is projected to be the fastest growing application segment of
the caustic soda market during the forecast period owing to
increasing demand for aluminum in automotive, packaging, and
aerospace applications.
Get accurate market forecast and analysis on the
Caustic Soda market. Request a sample to stay abreast on the key
trends impacting this market@
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Additionally, pulp and paper accounted for a
significant volume share in 2013 due to high demand for caustic soda
in bleaching processes. The market for pulp and paper has witnessed a
surge in the past few years. Other applications, including textiles,
petroleum processing, and food processing, have also been growing at
a fast pace over the past few decades. This trend is likely to
continue during the forecast period. This, in turn, is expected to
drive demand for caustic soda in the near future.
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