Organic compounds form the largest application segment accounting for over 30% of the total caustic soda demand in 2013. Growing cellulose production for paper & pulp industries is also estimated to have a positive impact on the market growth over the next six years.
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Caustic Soda Market Research Report To 2020: Grand View Research, Inc.
1. Caustic Soda Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Increasing production of sodium-based organic compounds for various
applications has been driving global caustic soda market over the past few years.
Organic compounds form the largest application segment accounting for over 30%
of the total caustic soda demand in 2013. Growing cellulose production for paper
& pulp industries is also estimated to have a positive impact on the market growth
over the next six years.
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http://www.grandviewresearch.com/industry-analysis/caustic-soda-market
2. Growing application scope of caustic soda in paints, glass & ceramics, fuel cell
manufacturing and soaps & detergents is estimated to fuel market growth over the
forecast period. Growth of niche applications such as aluminum refining from
bauxite and chemical peeling of fruits & vegetables is also expected to bolster
caustic acid market growth over the forecast period. Global caustic soda market is
highly dynamic in nature and is heavily dependent on downstream product demand
and pricing. Asia Pacific was the largest consumer of caustic soda on account of
high demand from organic compound manufacturers located in China, India,
Taiwan and Thailand.
3. Market participants operating in the region are anticipating softening of market
prices owing to seasonal dip in caustic soda demand especially in the South-East
Asia.Major manufacturers such as Dow Chemical Company are constantly
involved in improving product yield and process efficiency. Dow employs two
electrolytic routes for manufacturing caustic soda which includes membrane and
diaphragm cells. The membrane cell technology is relatively new and does not
require additional salt removal techniques as in the diaphragm cell. Other players
operating in global caustic soda market include AkzoNobel, Olin Chlor Alkali
Products, Befar Group Co. Ltd., Formosa Plastics Corporation, Occidental
Chemical Corporation and SABIC.
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