Key Players in the Market: The Dow Chemical Company (U.S.), Occidental Petroleum Corporation (U.S.), Formosa Plastics Corporation (Taiwan), Ineos Group Ltd. (U.K.), Olin Corporation (U.S.), PPG Industries (U.S.), Tata Chemicals Limited (India)
(PRWEB) April 08, 2015
The report "Caustic Soda Market by Application (Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soaps and Detergents, Textiles, Water Treatment, Steel/Metallurgy- Sintering and Others), & Region: Global Industry Trends & Forecasts to 2019", defines and segments the global market with analysis and forecasting of volume consumed and value generated. The caustic soda consumption is projected to grow from 70,701 KT in 2014 to 80,403 KT by 2019, at a CAGR of 2.61% during the same period.
Browse 66 Market Data Tables and 53 Figures spread through 127 Pages and in-depth TOC on “Caustic Soda Market".
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The global market for caustic soda is growing moderately, with Asia-Pacific leading consumption, followed by Europe and North America. The caustic soda market is segmented by its applications and region. Chemicals, food, pulp and paper consume the maximum of caustic soda produced globally. In terms of value the caustic soda market is growing at a CAGR of 6.78% between 2014 and 2019.
This report follows both top-down and bottom-up approaches to estimate and forecast the global caustic soda market by volume and value. This report focuses on the global caustic soda market by its applications and region.
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Favorable paper and pulp industries and increasing demand from the chemicals (both organic and inorganic), and alumina industry makes Asia-Pacific an attractive market for capacity expansion. Asia-Pacific is the fastest growing market for caustic soda across the world, followed by Europe and North America. China is the world’s largest consumer for caustic soda. Moreover, India, China and the U.S. are top three fastest growing countries across the world between 2014 and 2019
The opportunities are cited in growing chemical industry in China and India; and fast growing countries in South East Asia. Supported by favorable growth in paper industry and improved food processing industries, the overall caustic soda market remains attractive for coming years.
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The top countries in terms of consumption of caustic soda are U.S., China, India, Japan, Germany, etc.
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