Description
Caustic Soda (NaOH) as a 50% w/v solution is a colorless and odorless liquid. It is highly corrosive liquid and reacts rapidly with numerous metals such as aluminum, zinc, tin, magnesium, copper, bronze, and chromium. It is used in the pulping and bleaching processes, de-inking of waste paper and water treatment. In the textile industry, it is used to process cotton and dye synthetic fibers such as polyester and nylon. It is widely used in the manufacturing of soap and detergent on account of its unique properties. Moreover, it is utilized as a feedstock for a broad range of products such as adhesives, plastics, solvents, coatings, herbicides, inks, dyes, fabrics, pharmaceuticals, and others.
According to Market Research Future Analysis, cumulatively the global caustic soda market is predicted to reach USD 56687.66 million by 2027 expanding at a CAGR of 5.92% during the forecast period of 2017-2027. According to application segment, alumina was the most promising segment accounted for the largest global share of around 18% on account of rising demand in alumina refineries as it is predominantly utilized to separate alumina from bauxite ore. Moreover, increasing pulp demand in paper industries coupled with rising caustic soda consumption is estimated to drive the growth of the market. Furthermore, rising use of aluminum in automotive and transportation sector along with rising vehicle production and sales is estimated to propel the growth of the market. Moreover, caustic soda is used as a bleaching agent and rise inorganic and organic chemical demand which are the integral part of chemical industry is expected to fuel the caustic soda market. Manufacturing of caustic soda is energy intensive which means production cost is high consequently the profit margin remains low. This aforementioned reason is estimated to hamper the growth of the market over the forecast years. Geographically, Asia Pacific emerged as the leading market share, both in terms of value and volume. In Asia Pacific, China accounted for the largest and Japan as well as India is estimated to be the fastest growing market for caustic soda owing to rapid industrialization and continuous growth of numerous end use industries.
FIGURE 1 GLOBAL CAUSTIC SODA MARKET, BY APPLICATION, 2016 (%)
Sources: MRFR analysis
Regional Analysis
The global caustic soda market is segmented into Asia Pacific, Europe, North America, the Middle East, and Latin America. Among them, the Asia Pacific region is accounted for the largest market for caustic soda followed by North America and Europe. The demand for caustic soda is predicted to surge in various countries of Asia Pacific such as China, Japan, India, Australia, South Korea, and Rest of Asia Pacific owing to continuous growth of soap & detergent and automotive sector. This region provide huge growth potential and is predicted to register the highest CAGR of 6.22% over the assessment period. Some of the prominent factors attributed to the regional caustic soda growth are large number of mineral deposits, continuous growth of alumina industry, inexpensive labor & land cost, ease in availability of raw material, minimal regulatory norms, and continuous shift of manufacturing facilities from matured markets to the developing countries of Asia Pacific. Asia Pacific is followed by North America which is further trailed by Europe in terms of market share. In Europe, Germany accounted for the largest market which is further followed by Russia on account of the emerging pulp and paper industry in this region along with flourishing demand provided by transport sector for alumina. In North America, the U.S emerged as the leading contributor in the regional market share followed by Canada due to increasing end user applications along with active presence of key industry players in this region.
Segmentation
The caustic soda market is categorized on the basis of type, application, and region. On the basis of type, the market is segmented into lye, flake, and other (pellet, prill, and microprill). On the basis of application, the caustic soda market is further classified into alumina, paper & pulp, organic chemical, textiles, soaps & detergents, inorganic chemicals, water treatment, dye & ink, and others. On the basis of region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players.
Some of the key operating players in the global caustic soda market includes Solvay S.A, Formosa Plastics Group, Olin Corporation, The Dow Chemical Company, Occidental Petroleum Corporation, Xinjiang Zhongtai Chemical Co., Tata Chemicals Limited, Gujarat Alkalies and Chemicals, AkzoNobel N.V, Westlake Chemical Corporation among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o Italy
o Russia
o U.K
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• The Middle East & Africa
o Turkey
o Iran
o Algeria
o Egypt
o Israel
o Rest of Middle East & Africa
Key Findings
Global Caustic Soda market is predicted to reach USD 56687.66 million by 2027 with 5.92% CAGR over the assessment period of 2017-2027. Asia Pacific accounted for the largest market share and holds for more than half on account of increasing application industries in this region. In Asia Pacific, China was the dominating country in 2016 and is predicted to retain its dominance over the estimated period on account of continuous growth of numerous end use industries. Among the application segment, alumina accounted for the largest market share of around 18.07% and is continue to retain its dominance over the forecast period due to increasing demand of caustic soda in alumina refineries.
Intended Audience
• Caustic Soda manufacturers
• Traders and distributors of Caustic Soda
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Caustic
• Sodium Hydroxide
• Chlor-Alkali
• Alumina separation
• Inorganic chemical
• Pulp bleaching agent
• Water treatment chemical
• Dye intermediate
• Caustic soda for textile
• Mercury cell technology
Table of Contents
1 Report Prologue 13
2 Scope of The Report 16
2.1 Market Definition 17
2.2 Scope of The Study 17
2.2.1 Research Objectives 17
2.2.2 Assumptions 17
2.2.3 Limitations 17
2.3 Market Structure 18
3 Research Methodology 20
3.1 Research Process 21
3.2 Primary Research 21
3.3 Secondary Research 21
3.4 Market Size Estimation 22
3.5 Forecast Model 22
4 Market Dynamics 23
4.1 Introduction 24
4.2 Drivers 25
4.2.1 High Growth of Alumina Industry 25
4.2.2 Growing Demand from End User Industry 26
4.3 Restraint 27
4.3.1 Energy-Intensive Operations & Environmental Impact 27
4.4 Opportunity 28
4.4.1 Use of membrane cell technology 28
4.5 Challenges 28
4.5.1 Chlorine Utilization 28
5 Market Factor Analysis 29
5.1 Supply Chain Analysis 30
5.1.1 Raw Material Suppliers 30
5.1.2 Caustic Soda Manufacturers 30
5.1.3 Distribution Channel 31
5.1.4 End-User application Industry 31
5.2 Porter’s Five Force Analysis 31
5.2.1 Threat of New Entrants 31
5.2.2 Threat of Rivalry 32
5.2.3 Threat of Substitute 32
5.2.4 Bargaining Power of Supplier 32
5.2.5 Bargaining Power of Buyer 32
5.3 Price Analysis 32
6 Global Caustic Soda Market, By Type 33
6.1 Lye 36
6.2 Flake 37
6.3 Others 38
7 Global Caustic Soda Market, By Application 39
7.1 Introduction 40
7.2 Alumina 43
7.3 Paper & Pulp 44
7.4 Organic Chemical 45
7.5 Textiles 46
7.6 Soaps & Detergents 47
7.7 Inorganic Chemicals 48
7.8 Water Treatment 49
7.9 Dye & Ink 50
7.10 Others 51
8 Global Caustic Soda Market, By Region 52
8.1 Introduction 53
8.2 North America 60
8.2.1 PASTLE Analysis 61
8.2.2 US 64
8.2.3 Canada 66
8.3 Europe 69
8.3.1 PASTLE Analysis 70
8.3.2 Germany 75
8.3.3 Russia 77
8.3.4 France 79
8.3.5 UK 82
8.3.6 Italy 85
8.3.7 Rest of Europe 88
8.4 Asia Pacific 91
8.4.1 PASTLE Analysis 92
8.4.2 China 96
8.4.3 India 98
8.4.4 Japan 100
8.4.5 Rest of Asia Pacific 102
8.5 Latin America 105
8.5.1 PASTLE Analysis 106
8.5.2 Brazil 109
8.5.3 Mexico 111
8.5.4 Rest of Latin America 113
8.6 Middle East & Africa 116
8.6.1 PASTLE Analysis 117
8.6.2 Turkey 122
8.6.3 Algeria 125
8.6.4 Iran 127
8.6.5 Egypt 129
8.6.6 Israel 131
8.6.7 Rest of Middle East & Africa 133
9 Competitive Landscape 136
9.1 Introduction 137
9.2 Key Developments of Major Market Players 138
9.3 Production Capacity Forecast 139
10 Company Profiles 140
10.1 Solvay S.A 141
10.1.1 Company Overview 141
10.1.2 Financials 141
10.1.3 Products 141
10.1.4 Strategy 141
10.1.5 Key Developments 141
10.2 Formosa Plastics Group 142
10.2.1 Company Overview 142
10.2.2 Financials 142
10.2.3 Products 142
10.2.4 Strategy 142
10.2.5 Key Developments 142
10.3 Olin Corporation 143
10.3.1 Company Overview 143
10.3.2 Financials 143
10.3.3 Products 143
10.3.4 Strategy 143
10.3.5 Key Developments 143
10.4 The Dow Chemical Company 144
10.4.1 Company Overview 144
10.4.2 Financials 144
10.4.3 Products 144
10.4.4 Strategy 144
10.4.5 Key Developments 144
10.5 Occidental Petroleum Corporati 145
10.5.1 Company Overview 145
10.5.2 Financials 145
10.5.3 Products 145
10.5.4 Strategy 145
10.5.5 Key Developments 145
10.6 Xinjiang Zhongtai Chemical Co. 146
10.6.1 Company Overview 146
10.6.2 Financials 146
10.6.3 Products 146
10.6.4 Strategy 146
10.6.5 Key Developments 146
10.7 Tata Chemicals Limited 147
10.7.1 Company Overview 147
10.7.2 Financials 147
10.7.3 Products 147
10.7.4 Strategy 147
10.7.5 Key Developments 147
10.8 Gujarat Alkalies and Chemicals 148
10.8.1 Company Overview 148
10.8.2 Financials 148
10.8.3 Products 148
10.8.4 Strategy 148
10.8.5 Key Developments 148
10.9 AkzoNobel N.V 149
10.9.1 Company Overview 149
10.9.2 Financials 149
10.9.3 Products 149
10.9.4 Strategy 149
10.9.5 Key Developments 149
10.10 Westlake Chemical Corporation 150
10.10.1 Company Overview 150
10.10.2 Financials 150
10.10.3 Products 150
10.10.4 Strategy 150
10.10.5 Key Developments 150
11 Conclusion 151
