The increasing demand for caustic soda from various end-use sectors is expected to aid the expansion of the market, states Fortune Business Insights, in a report, titled “Liquid Caustic Soda Market Size, Share & Industry Analysis, By Type (10%-30%, 30%-54%, Others), By Application (Pulp & Paper, Textiles, Soap & Detergent, Bleach Manufacturing, Petroleum Products, Aluminum Processing, Chemical Processing, Others) and Regional Forecast, 2021-2028.” The booming paper and pulp industry is expected to foster healthy growth of the market during the forecast period.

 

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Fortune Business Insights™ lists out a few of the renowned companies present in the liquid caustic soda market. They are as follows: 

  • DowDuPont
  • OxyChem
  • Ineos Chlor Ltd
  • Asahi Glass
  • Axiall Old
  • Covestro
  • Shin-Etsu Chemical
  • AkzoNobel
  • Solvay
  • BASF
  • SABIC

The report on the liquid caustic soda market specifically states minute and significant global market improvements in recent times. The report also offers a wide-ranging study fixated on emerging trends and new innovative products. Also, the robust research methodology involving primary interviews and desk research is all covered in the report. Besides, delivering a noteworthy overview to support emerging companies and strengthen their position.

 

Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

 

What Does the Report Offer?

  • Deep research into the upcoming market opportunities;
  • Granular evaluation of the market drivers, trends, and restraints;
  • Microscopic analysis of all individual market segments; and
  • Thorough examination of the regional developments and competitive dynamics of the market.

 

Market Driver:

Agreement of Axiall Old and World Industries to Augment Growth

The increasing partnerships and collaborations is expected to enable speedy expansion of the market in the forthcoming years. For instance, in March 2016, Axiall Old announced that it has entered into a liquid caustic soda distribution agreement with World Industries, an automotive and heavy-duty coolant manufacturing company. The joint venture is expected to strengthen the position of both companies. The increasing demand from chemical and other end-use industries is expected to stimulate the market’s growth further. The growing use of aluminum in automobile and aviation industries to reduce the vehicle’s overall weight is expected to promote market growth. Besides, the liquid chemical has a vast number of applications like chemical pulping, tissue digestion, esterification, transesterification, dissolution of amphoteric metals and non-metals, cleaning, food preparation, water treatment, and others. Hence, growing demand from various industries is expected to boost the market. However, the alkali is corrosive in nature. The carbon emissions and negative environmental impact are likely to hinder its adoption.

 

Market Segments:

By Type

  • 10%-30%
  • 30%-54%
  • Others

By Application

  • Pulp & Paper
  • Textiles
  • Soap & Detergent
  • Bleach Manufacturing
  • Petroleum Products
  • Aluminum Processing
  • Chemical Processing
  • Others

By Geography

  • North America (U.S., and Canada)
  • Europe (Germany, UK, France, Italy, Russia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, and Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

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Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling

 

Key Questions Answered:

  • What are the key demands and trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the market growth?
  • Why Choose Fortune Business Insights?

 

Regional Analysis:

Availability of Raw Material to Intensify Growth in Asia Pacific

Asia Pacific is expected to the largest share in the market owing to the easy availability of raw material and lower labor costs. China is the largest producer and consumer of caustic soda. North America is expected to hold the second position in the market due to the extensive manufacturing in the U.S. Europe is expected to experience significant growth due to the increasing demand from pulp & paper and alumina industries. Latin America, the Middle East, and Africa are expected to exhibit considerable growth due to the region’s lack of industries. However, companies’ shifting focus to set up plants can foster the healthy development of the market in those regions.

 

Key Development:

January 2019: United Stars Company, a Tristar Group’s signed an agreement with SABIC Industries to provide transport service for liquid chemicals like MTBE and caustic soda.

 

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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