Market Insights:
The escalation in chlorine production is raising the supply of caustic
soda, which is in high demand globally. Reports that review the basic chemicals
industry have been offered by Market Research Future, which generates reports
on industry verticals that evaluate the market development and opportunities.
The market is on course to accomplish a CAGR of 5.92 % in the upcoming period.
The surge in the development of the alumina industry is motivating the
caustic soda market. Also, the escalated demand for aluminum in the
transportation sector is expected to encourage the expansion of the caustic
soda market in the upcoming period. Moreover, the mounting pulp & paper
industries globally are expected to enhance opportunities for growth in the
caustic soda market.
Competitive Analysis
The role of the government in the market is substantially motivating the
market. The forces that are having a considerable pull in the market's
development are dynamically changing, leading to the creation of novel
opportunities. The stronger influence of buyer purchasing behavior is dictating
the expansion of the market to a great extent. The allocation of assets is
being done judiciously so as to ensure improved growth opportunities. The
pricing of goods in the market is done in a manner that ensures advantages to
individuals and competitors. The industry cost make-up is also likely to modify
with time. Also, the development of technology also has increased momentum,
guiding to improved market growth. The competition in the market is conducive
to the overall growth of the market. The new players in the market are
motivated by the presence of conducive factors prevailing in the market.
·
Formosa
Plastics Group
·
The Dow
Chemical Company
·
Solvay S.A
·
Occidental
Petroleum Corporation
·
AkzoNobel
N.V
·
Xinjiang
Zhongtai Chemical Co.
·
Tata
Chemicals Limited
·
Gujarat
Alkalies and Chemicals
·
Olin
Corporation
·
Westlake
Chemical Corporation
Industry Updates:
Jul 2019 Nuberg EPC, a New Delhi-based project management company has
gained an engineering, procurement, and construction (EPC) agreement from
Société Cherifienne d'Fertiliser-Chimie (SCE Chemicals), a
Casablanca-based firm for a chlor-alkali plant at Jorf Lasfar Industrial
Park in El-Jadida, Morocco, with the plant set to manufacture caustic soda,
sodium hypochlorite chlorine and, hydrochloric acid upon completion.
Segmental Analysis
The segmental analysis of the caustic soda market is carried out based
on type, application, and region. Based on type, the caustic soda market is
segmented into flake, lye, and others. The application-based segmentation of
the market comprises of organic chemical, alumina, inorganic chemical, soap
& detergents, pulp & paper, textiles, water treatment, dye & ink,
and others. The region-based segmentation of the caustic soda market comprises
of Latin America, North America, Europe, Asia Pacific, and the Middle East
& Africa.
Detailed Regional Analysis
The regional evaluation of the caustic soda market comprises of regions
such as Latin America, North America, Europe, Asia Pacific, the Middle East and
Africa. The North American region market is segmented into countries such as
the US and Canada while the European market includes countries like Russia,
Germany, the U.K, Italy, France, and Rest of Europe. The Asia Pacific region
market is divided into Australia, China, South Korea, India, Japan, and the rest
of Asia Pacific. The Asia Pacific is responsible for the prime market portion
followed by the North American and European region. The Asia Pacific region
offers vast growth scope for the caustic soda market and is slated to record
the top CAGR of 6.22% all through the forecast period. China was credited with
the major market share in the Asia Pacific region and is anticipated to lead
the market through the forecast period in the region due to mounting end-user
industries in the region.
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