Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Production Process, Application, Region Covestro AG (Formerly Bayer MaterialScience AG)ĮMR’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.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: 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. China’s exports have reduced significantly in the past five years due to greater domestic demands amidst supply issues. The prices, however, started to stabilise in 2018. In 2017, prices surged by about 40-45% globally due to supply constraints as China being the largest producer faced production restrictions. 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. The market for caustic soda has so far been led by APAC followed by North America and Europe.
These major industries are followed by the soaps, detergents, textiles, alumina production, water treatment chemicals, and other industries. 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 2022-2027. The pulp and paper segment dominates the demand for caustic soda in the market. The regional markets for caustic soda include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of application, the industry has been segmented into:
Read more about this report - REQUEST FREE SAMPLE COPY IN PDFīased on production process, the industry can be categorised into: It is widely consumed in chemical pulping involving sulphite, sulphate, and soda, among others. 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.