Global Caustic Soda Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Caustic Soda Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global caustic soda market report has been segmented on the basis of application, and region.

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Global Caustic Soda Market: Overview

Caustic soda, also known as lye or sodium hydroxide (NaOH) and is mostly used in many industrial and household applications. Caustic soda is used in manufacturing of inorganic chemicals, textiles, alumina, pulp & paper, detergent, soaps, bleach, and water treatment. It is a basic chemical which is used for various types of chemical production, due to corrosive and reactive in nature. There are two types of caustic soda such as pure caustic soda and impure caustic soda. The pure caustic soda is used for making soap and candles whereas impure caustic soda is used to clean ovens and drains.

Global Caustic Soda Market: Dynamics

Rising demand for soaps and detergent in household applications, and growing application in chemical industry across the globe is driving the caustic soda market during the forecast period. Increasing demand for caustic soda in pulp and paper industry, coupled with rising demand for paper, and growing usage of newspaper and magazine across the globe is another factor expected to drive growth of the caustic soda market in the years to come. Additionally, rapid industrialization, coupled with growing textile industry, and increasing R&D investment and technological advancements for new and cost-effective products are among some of the other factors expected to propel growth of caustic soda in the next coming years. Furthermore, increasing demand for caustic soda in food and pharmaceutical industries is also a factor expected to support revenue growth of the potential market to a significant extent.

However, regulations and statutes on use of caustic soda are stringent, owing to toxic effect on human health and environment is a major factor expected to restrain the global caustic soda market.

Global Caustic Soda Market: Segment Analysis

Among the application segments, the paper and pulp segment is expected to register highest share in terms of revenue in the caustic soda market. This is attributable to increasing usage of caustic soda in paper and pulp industry for processing of Kraft pulps and extraction of lignin that binds the fiber. In addition, it is useful in the pulping and bleaching processes, and neutralization of effluent streams.

Global Caustic Soda Market: Regional Analysis

The Asia Pacific market is expected to account for major revenue share in the global market over the forecast period. Rapid industrialization, coupled with growing paper and pulp, textile, and pharmaceutical industries are factors driving growth of the target market in the next coming years. China is anticipated to account for considerable revenue share in the target market, followed by India. The market in Europe is expected to register fastest growth rate in the global market, owing to high usage of caustic soda in chemical and pharmaceutical industries. The market in North America is expected to contribute moderate growth rate in the global market, due to growing demand in various applications and presence of prominent players in countries in the North America region.

Global Caustic Soda Market Segmentation:

Segmentation by application:

Inorganic Chemicals
Food
Pulp & Paper
Soaps and Detergents
Textiles
Pharmaceutical
Others (Steel/Metallurgy- Sintering, Water Treatment, etc.)