Caustic Soda Market to Expand with Significant CAGR During 2020
The
global caustic soda market is prognosticated to gain momentum for a
reliable growth during the forecast period 2014–2020 on the back of
some powerful driving factors. In the foreseeable future, the growth
in the global caustic soda market is anticipated to be bolstered by
an elevating demand for paperboards and paper. However, the rise of
the aluminum industry could also be an enough reason for the expected
substantial demand in the global caustic soda market. Soaps and
detergents, alumina, and pulp and paper are some of the downstream
products that are predicted to influence the global caustic soda
market at a telling rate with their demand.
Read
Report Overview @
The
world caustic soda market could be restrained by the energy-intensive
process of the production of caustic soda. Howbeit, new avenues for
growth are projected to pamper participants operating in the world
caustic soda market with upcoming business opportunities in
reasonably untapped African regions. According to a market
intelligence report compiled by seasoned analysts, the world caustic
soda market is prophesied to achieve a revenue valuation of US$39.75
bn by the end of the forecast period.
Players
to Focus on Aggressively Growing Alumina Market
Securing
an almost 20.0% larger share in terms of volume in the recent past,
organics was followed by pulp and paper and other segments such as
textiles, petroleum processing and food processing in the
international caustic soda market. A variety of organic chemicals are
produced with the help of caustic soda used as a vital reactant.
However, alumina is envisaged to take the charge in the international
caustic soda market by growing at a faster pace.
The
international caustic soda market could also be strengthened by
extensive applications in process industries where caustic soda is
engaged as an industrial chemical used for general purposes. Coupled
with chlorine, caustic soda is usually produced through the
chloralkali process. In a general scenario, an approximate 1.1 ton of
100.0% caustic soda can be generated for every ton of chlorine.
Although industrially produced as 50.0% solution in water, caustic
soda is obtained by water evaporation in the solid state. The common
applications of solid caustic soda could be cast blocks, pellets
(prills), and flakes.
For
the purpose of making fiber receptive to textile applications such as
dying and bleaching, caustic soda is employed to separate oils and
waxes from it. With more applications gaining prominence in the
textile sector, the international caustic soda market could be
foreseen to increase demand.
Asia
Pacific to Impress with Larger as well as Faster Growth
On
the basis volume, Asia Pacific had accounted for a whopping above
50.0% share in the worldwide caustic soda market. This dominance is
envisioned to continue in the coming years as Asia Pacific could take
the lead in the worldwide caustic soda market. Moreover, the region
is foretold to rise at a swift rate until the concluding forecast
year. Asia Pacific had witnessed China as a major share caustic soda
market and could well testify its lead in the next few years. Apart
from China, other developing nations such as India looking to up
their GDP growth are forecasted to mark some handsome growth
opportunities for the Asia Pacific caustic soda market. The emerging
economies in Asia Pacific could also stimulate demand while riding on
the enlargement of a number of end-use sectors.
The
worldwide caustic soda market is foretold to observe the prominence
of Latin America and Australia in respect of imports whereas the
Middle East and Asia and North America could be leading exporters.
Request
to view Sample Report:
On
the part of key players, Occidental Petroleum Corporation, Reliance
Industries Limited, AkzoNobel N.V., Olin Corporation, and The Dow
Chemical Company are expected to demonstrate supremacy in the
worldwide caustic soda market.
Comments
Post a Comment