Global Caustic Soda Market 2021 Report provides an Proficient analysis of the Caustic Soda Market including deep description of market sizing and growth, value, the key opportunities in the Caustic Soda Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021-2026.
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The Caustic Soda Market report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well with their market shares in the global Caustic Soda Market discussed. Overall, this report covers the historical situation, present status and the future prospects.Additionally, the worldwide market is segmented based on type, application, deals, and area. It contains numbers, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis. The application portion shows the employments of the product.
The Caustic Soda Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume.
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About Caustic Soda Market:
Caustic Soda, also known as sodium hydroxide, is a white alkaline in both solid and liquid form with no odor. It is used in several applications including pulp & paper, organic chemical and inorganic chemical, soaps and detergents, water treatment and metal processing, etc. According to Researcher, the global Caustic Soda market is expected to have moderate growth over the forecast period. The significant factor responsible for the growth of the global Caustic Soda market is the increasing demand from pulp & paper gents, among other applications. However, environmental concerns related to chlorine and related products and energy-intensive production process are expected to hinder the growth of the market.
Caustic Soda, along with sodium sulfide, is used to dissolve wood chips in the pulping process known as Kraft pulping process (dominant papermaking process). Pulp & paper is the most extensive application of Caustic Soda globally. Caustic Soda is also used in the deinking process for recycled paper. More than one-third of the municipal waste which contains solid caustic soda is made of paper, and this paper’s recycling reduces greenhouse emissions and landfills compared to virgin paper manufacturing. The global usage of recycled paper has doubled over the past 20 years and is expected to grow further in the foreseeable future. Due to the economic advantage over its substitutes/alternatives, pulp & paper manufacturers prefer Caustic Soda over other chemicals (such as sodium carbonate, soda ash, etc.). In the North American region (second largest paper producing region after Asia-Pacific), the Southern part of the United States is the largest pulping region followed by Western United States, Northern United States, Western Canada, and Eastern Canada. Amid the COVID-19 pandemic, the demand for writing and printing paper has declined, however, this is offset by the growing demand for packaging paper and tissue products. In 2019, the global market for tissue & hygiene paper valued at USD 1.28 billion. The market is expected to grow at a significant rate owing to the increasing demand from the emerging economies, particularly in the Asia-Pacific region. Asia is the top paper & pulp producing region in the world. China is the largest paper-producing country globally, with an annual production of around 130 million tons in 2019. China’s pulp & paper industry is flourishing at a rapid pace due to continuous investments by domestic as well as international players in the region. In November 2019, Finnish forest-based bio-industry company UPM Group made two investments of more than EUR 40 million in its paper plant in Changshu, Jiangsu province in China. The market is also driven by the increasing demand from the chemical industry. The ongoing research and innovations in the manufacturing process of Caustic Soda are expected to provide opportunities for further growth of the market in the forecast period.
There is a considerable interest in novel technologies to produce Caustic Soda without the co-production of chlorine in which cells will use modern membranes and electrode materials and will be designed to convert non-halogen sodium salts into aqueous Caustic Soda. Such processes are expected to be economically viable and energy-efficient. Introduction of novel Caustic Soda production process from seawater desalination brine. The integrated system includes concentration via evaporation or mechanical vapor compression, nanofiltration, chemical softening, further ion-exchange softening, dechlorination, and membrane electrolysis.
The global Caustic Soda Market is segmented on the basis of phase, production technology, and application. The application segment is further segmented as Pulp & Paper, Alumina, Organics, Inorganics, Soap & Detergents, Food Industry, Water Treatment, Textile Industry, and Others.
Alumina, also known as aluminum oxide, is produced from bauxite. Caustic Soda is deployed in the refining process of bauxite to produce alumina. The market for Caustic Soda has been driven by the increasing production of alumina across the globe. In the year 2019, the global production of alumina valued at 132.4 million tonnes. The average alumina price in 2019 was USD 332/ton compared to USD 473/ton in 2018. The decline in the prices was due to increased alumina supply and low demand for primary aluminum. However, the production of smelter-grade aluminum grew by 3.8% outside of China, driven by the resumption at the partially curtailed Alunorte refinery in Brazil and ramping up of the Al Taweelah refinery of UAE, Friguia refinery in Guinea, and the Lanjigarh refinery in India. The domestic alumina production in China (a major producer of alumina globally) decreased by about 1.2% in 2019, amid strict environmental policies, lower prices, and an increase in alumina net imports. During the second half of 2019, narrowing margins forced refineries in Northern China to curtail. China returned to the status of a net importer in 2019 with net imports totaled 1.4 million tonnes. In the coming years, the extra smelting production will require more alumina, and additional supplies are anticipated to support this demand. In the medium and longer-term, the demand for aluminum is forecast to grow continuously driven by increasing intensity of use and economic expansions. In the short-term, the demand for alumina and aluminum is likely to be affected by the outbreak of the Covid-19 pandemic, which has delayed/halted manufacturing facilities across the globe. The increasing trend of alumina production contributed to the growth in the consumption of Caustic Soda in recent years, however, the declining trend of alumina production in 2020 is likely to act as a restraint to the Caustic Soda market. Nevertheless, the continuous growth in aluminum demand is likely to drive the production of alumina, which is further expected to propel the consumption of Caustic Soda in the forecast period.
Based on geography, the global Caustic Soda Market is segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia-Pacific region was found to be the largest market for global Caustic Soda owing to the high consumption from the end-user industries in the region.
With the ongoing Covid-19 pandemic in the United States, the GDP growth rate for the first quarter of 2020 was -4.8% compared to the growth rate of 2.1% in the fourth quarter of 2019. Amid the Covid-19 pandemic, there is an impact on both the production and consumption of paper in the country. Due to low business, the packaging industry has been walloped, resulting in the low demand for paper and its products. The United States has been the largest exporter of paper and pulp products to china since 2010. With reduced demand for paper packaging, the demand for paper and pulp products is anticipated to come down, and the demand recovery would start in at least Q3 2020. Health officials have also stressed the importance of hygiene and sanitizing as efforts to contain Covid-19 intensify. This trend is most likely to increase the demand for paper and pulp products, both domestically and internationally. The trend of growth in paper production is expected to propel Caustic Soda consumption in the foreseeable future. The US pulp and paper industry is on the cutting edge of science and technology. It is the second-largest producer of pulp & paper in the world. It uses renewable and recyclable resources to meet the needs of paper, paperboard, and various by-products from pulp and paper-making processes. The pulp & paper industry is growing at a fast pace in the country, and Caustic Soda is an essential chemical compound for paper manufacturing and recycling. The industry is developing due to the increasing adoption of new manufacturing technologies and the high consumption of paper and paper products. About 28% of the trees harvested in the US are used to produce wood pulp for making paper and paperboard. In the US, paper consumption has increased from 92 million tons in 2000 to 208 million tons in 2019, showing strong growth of 126%. Growth in e-commerce is one of the primary reasons for the high consumption of paper products in the country. An increase in the usage of paper and cardboard for packaging is responsible for boosting the country’s paper and pulp industry. The consumption of hygiene-related products such as disinfectants, hand sanitizers, liquid hand soap, etc. is also anticipated to grow significantly owing to the ongoing changes in the lifestyle due to the Covid-19 pandemic outbreak.
The global Caustic Soda market is partially consolidated in all regions. Major players in the regional market were found to be Olin Corporation, Nouryon, Occidental Petroleum Corporation, Inovyn, The Dow Chemical, and Grasim Industries Limited among others.
On 27th Mar 2020, Nouryon is expanding its partnership with Sumitomo Chemical to include a new plant Sumitomo is building at its site in Oita, Japan. The new plant will supply a key raw material used for Nouryonâ€™s Perkadox 14 organic peroxide.
On 1st Apr 2020, Nouryon completed the divestment of its re-dispersible polymer powders business to Celanese Corporation.
On 2nd Apr 2020, Nouryon entered into an agreement to acquire the merchant triethyl aluminum (TEAL) business of Sasol, including its specialty fleet of returnable cylinders.
A consortium comprising Nouryon, Gasunie, and four other partners will receive an â‚¬11-million European grant towards their proposed green hydrogen project in Delfzijl, the Netherlands. The project is a front-runner among several hydrogen initiatives aimed at cutting carbon emissions and will be a significant milestone in the transition to a more sustainable, circular economy, the companies say…
In February 2020, Olin Corporation and Westlake Corporation announced domestic caustic soda price increases in the United States and Canada. Caustic soda prices were under pressure throughout 2019.
Our Global Caustic Soda Market report provides deep insight into the current and future state of the Caustic Soda Market across various regions. The study comprehensively analyzes the Caustic Soda Market by segments based on Phase (Solid and Liquid), By Production Technology (Mercury Cells, Membrane Cells, and Diaphragm Cells), By Application (Pulp & Paper, Alumina, Organics, Inorganics, Soap & Detergents, Food Industry, Water Treatment, Textile Industry, and Others), and by Geography (Asia Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 are influencing the market growth in detail. The study covers & includes emerging market trends, market developments, market opportunities, market analysis, market dynamics, caustic soda market size, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market share and projects.
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This report provides detail analysis of the market and have a comprehensive understanding of the Caustic Soda market and its commercial landscape. Learn about the various market strategies that are being adopted by leading companies.It provides a five-year forecast assessed based on how the Caustic Soda market is predicted to grow.It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.To understand the future scope and outlooks for the Caustic Soda market.Caustic Soda Market Forecast by regions, type and application, with sales and revenue, from 2021.Caustic Soda Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Detailed TOC of Global Syngas Market Outlook to 2026
1 Executive Summary
2 Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3 Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Raw Material Analysis
3.6 Regulatory Policies
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter’s Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5 Market Segmentation & Forecast
5.1 By Type
5.4 By Application
6 Regional Market Analysis
6.1 North America
6.1.1 United States
6.2.1 United Kingdom
6.2.6 Nordic Countries
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7 Key Company Profiles
8 Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9 Conclusions and Recommendations
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