Caustic soda market igr

Caustic Soda Market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023 Infinium Global Researech

The report on caustic soda by Infinium Global Research analyses the caustic soda Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global caustic soda Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global caustic soda Market.

The global caustic soda market is expected to grow with a CAGR between 3.5% and 4.7% from 2017 to 2023. Caustic soda is also known as lye, sodium hydrate, and sodium hydroxide. Caustic soda is an inorganic odorless material with strong base and highly corrosive properties. It dissolves in ethanol, methanol, and water. Caustic soda is also available in solid forms such as flakes, granules, and pellets. It is obtained as a co-product, during the electrolytic process for the manufacturing of chlorine, using technologies such as diaphragm cells, mercury cells and membrane cells. Sodium chloride is the base raw material for the process and it splits during the electrolytic process to give sodium and chlorine. The sodium further reacts with water in the cells to provide caustic soda and hydrogen. Caustic soda produced by lime soda process has lesser quality. Caustic soda is a good reactant and hence finds application in the extraction of metals such as alumina and zinc. Moreover, it is widely used for the production of various inorganic chemicals. Caustic soda finds several applications as an auxiliary chemical in industries such as pulp & paper, textiles, oil & gas, detergents, cleaning products and others.

Infinium Global Researech

Additionally, caustic soda finds application for the acids neutralization, pharmaceutical compounds synthesis, and rubber recycling.

Market Insights Caustic soda garners a share of more than 40% among the inorganic chemicals in terms of volume of consumption worldwide. Demand from the organic chemicals industries account for a significant portion of the volume of caustic soda market. The increasing demand from end user industries such as pulp, paper, and textiles is expected to the drive the growth of the global caustic soda market. The increasing demand for alumina from the automobile industry is boosting the growth of the global caustic soda market during the estimated period.

Owing to the stringent regulations opted by governments in various countries for many industries for the environmental harm caused by the highly corrosive as well as reactive traits of caustic soda is a major restraining factor hampering the growth of the global caustic soda market. The prospects of global caustic soda market depend on the demand for chlorine, as caustic soda is a co-product obtained during the chlorine manufacturing process. The lower demand for chlorine from PVC manufacturing industry is expected to influence the volume of production of the caustic soda during the forecast period. As production of caustic soda involves higher power consumption, market growth is expected to face a major challenge of higher manufacturing cost. Higher price fluctuation for caustic soda in the commodities spot market is also Infinium Global Researech

expected to pose a major restraint for the major players in the market during the forecast period.

Get a Sample Report @ https://www.infiniumglobalresearch.com/Reports/MakeSampleRequ est/68 Segments Covered: The report segments the global caustic soda market by application and region.

On the basis of application, the market is segmented as alumina, detergents, food, inorganic chemicals, organic chemicals, pulp & paper, soaps, steel/metallurgy-sintering, textiles, water treatment, and others.

Company Profiles Formosa Plastics Corporation Hanhwa Chemical Corporation Ineos Group Limited Occidental Petroleum Corporation PPG Industries Solvay SA Tata Chemicals The Dow Chemical Company Tosoh Corporation Xinjiang Zhongtai Chemical Co. Ltd. Infinium Global Researech

Make an Enquiry @ https://www.infiniumglobalresearch.com/Reports/MakeEnquiryRequ est/68 Key topics covered: 1. Preface 2. Executive Summary 3. Global Caustic Soda 4. Global Caustic Soda 5. Global Caustic Soda 2023 6. Global Caustic Soda – 2023 7. Company Profiles

Market Overview Market: IGR Snapshots market by Application (USD Million, KT) 2017 – Market Analysis, by Region (USD Million, KT) 2017

Click to View Complete Report @ https://www.infiniumglobalresearch.com/chemical_material/global_ caustic_soda_market

Infinium Global Researech