According to study, “Global Caustic soda Market Size study, by Application (Electric Power, Alumina, Inorganic Chemical, Chemical, Food, Pulp & Paper, Soaps and Detergents, Textiles, Water Treatment, Steel/Metallurgy-Sintering, Others) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global caustic soda market are FMC Corporations, Axiall, Occidental Petroleum Corporation (OXY), Olin Corporations, The Dow Chemical Company, Gujarat Alkalies and Chemicals, SABIC, Asahi Glass, Arkema, Grasim (Aditya Birla), Westlake Chemical Corporation, Kemira, Ineos Group Ltd., Formosa Plastics Corporation, PPG Industries, Xinjiang Zhongtai Chemicals Co. Ltd., Covestro AG, Tata Chemicals Ltd.,China National Chem, Nirma Limited, Shin-Etsu Chemicals Co. Ltd.,Tokuyama Corp.,Solvay SA, LG Chemical, Inovyn, Hanwha Chemical Corporation, Tosoh Corporation, Evonik, Tessenderlo Group, VESTOLIT, Joint Stock Company Kaustik, AkzoNobel NV, GACL, Sanmar Group, Braskem, Unipar Carbocloro, Vinnolit, Kem One.
Caustic Soda is an inorganic composite or compound also called sodium hydroxide consisting of sodium captions (Na+) and hydroxide anions (OH-). It is highly caustic base & alkali which decomposes into proteins at normal ambient temperatures. It is used in manufacturing of soaps, rayon, ceramics, glass, paints etc. It is also used in manufacturing various medicines & pharmaceutical products, from general pain relievers like aspirin.
Based on the type, the caustic soda market is segmented into flake, lye, and others (prill, pellet, microprill). Based on the production process, market is segmented into diaphragm cell and membrane cell. Based on application, the market is classified into alumina, pulp & paper, soaps & detergent, water treatment, food, dye & ink, organic chemical & inorganic chemical, textiles, steel or metallurgy sintering, electric powers and others. The demand for pulp & paper segment is escalating as a result of increasing domestic household tissue paper necessities.
The Covestro AG is planning to assemble its individual chlorine production plant in Spain, Tarragona, with oxygen-depolarized cathode technology (ODC). This ODC technology is based on the predictable membrane process, in which caustic soda, chlorine, and hydrogen are frequently produced from rock salt & water. This cost-effective shift will make certain production control, quality improvement, as well as knowledge protection.
The market of caustic soda is mainly driven by growing increased demand from fast growing chemical industries followed by the increasing demand for paper & paperboards, high growth in end-user segments & higher production facilities, rising demand for alumina in the associated with the market are depletion of freshwater resources followed by the environmental impact, implementation of new technologies (for producing organic chemicals), energy intensive production process and unpredictable prices owing to the high energy utilization and uneven production rates. Moreover some of the key challenges are shifting from mercury cell process and economic aspects followed by the expansions of the plant capacities and the joint ventures in the developing market providing a big opportunity. Additionally the carbon emission and mercury emission are the new burning issues associated with the global caustic soda market.
Globally, Asia-Pacific region holds the widespread market share of caustic soda market on account of mounting chemical industry boosting the key market players in the region. The growth of the region is primarily associated to countries such as India, China, and Japan. In near future, it is estimated that the market to grow substantially owing to the usage of magazine & newspapers.
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