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, 2024-2032

Region :Global | Report ID: FBI103423 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Caustic soda chemically known as sodium hydroxide, is an inorganic compound with chemical formula NaOH. It is highly caustic base that can potentially decompose proteins at normal temperature and can cause severe chemical burns. It is highly soluble in water and voluntarily absorbs carbon dioxide and moisture from air. This chemical has wide number of applications like chemical pulping, tissue digestion, esterification, transesterification, dissolution of amphoteric metals and non-metals, cleaning, food preparation, water treatment and others.

Increasing use of aluminum in automobile and aviation industries to reduce the overall weight of the vehicle is supporting the market growth. Additionally, the increasing paper and pulp industry is fostering the demand for liquid caustic soda. Increasing demand from chemical and other end-use industries shall drive the market.

However, the alkali is corrosive in nature. The carbon emissions that have a negative environmental impact shall hinder the market growth.

Key Market Driver -

Increasing demand from various end-use sectors

Key Market Restraint -

Corrosive nature.

Market Segmentation:

Based on type, the market is segmented into 10%-30%, 30%-54%, and others. Based on application, the market is segmented into pulp & paper, textiles, soap & detergent, bleach manufacturing, petroleum products, aluminum processing, chemical processing, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global liquid caustic soda market consists of global & regional players operating. Some of the key players in the market include DowDuPont, OxyChem, Ineos Chlor Ltd, Asahi Glass, Axiall Old, Covestro, Shin-Etsu Chemical, AkzoNobel, Solvay, BASF, SABIC, and Others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Liquid Caustic Soda Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds the largest share in market attributed to the easy availability of raw material and lower labor costs. Moreover, China is the largest producer as well as consumer of caustic soda. North America is the second-largest market due to the large manufacturing base present in the U.S. Europe is expected to show significant growth due to the increasing demand from pulp & paper and alumina industries. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.

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Segmentation

ATTRIBUTE	DETAILS
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)

Liquid Caustic Soda Industry Developments

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

In March 2016, Axiall Old re-entered in to the liquid caustic soda distribution agreement with World Industries, an automotive and heavy-duty coolant manufacturing company.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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