China Take Majority Share in Caustic Soda Production in Asia Pacific: Ken Research

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China Take Majority Share in Caustic Soda
Production in Asia Pacific Ken Research
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Sodium hydroxide, caustic, and lye are also known
as Caustic soda. The chemical formula of caustic
soda is NaOH when in anhydrous form (100,
solid). It has a molecular weight of 40.00 and is
a strong base and is used in almost all kinds of
chemical production.
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China is one of the major manufacturing regions
with 45 of the production market share in the
year 2016. China and America are the major
consumers of caustic soda and consume nearly 60
of the market share. There was an average growth
in the production of caustic soda from the year
2011 to 2016. The global leading manufacturers of
caustic soda are Dow Chemical, OxyChem, Axiall,
Olin Corporation, Formosa Plastics Corporation
and Tosoh. However, there are many more
manufacturers of caustic soda all over the world
such as EU, North America, China, Japan, India,
and others. The market segments purely depend on
the production, consumption, revenue, and market
share and growth rate of caustic soda. The
caustic soda product types are Liquid Caustic
Soda, Solid Caustic Soda, Caustic Soda Flake and
Caustic Soda Particle. The consumption market is
again divided into Pulp and Paper, Textiles, Soap
and Detergents, Bleach Manufacturing, Petroleum
Products, Aluminum Production and Chemical
Processing.
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Over 40 of caustic soda is used in end-use
industries. Caustic soda has increasing demand in
pulp, paper and textile industry is expected to
encourage the market growth over the coming
years. Caustic soda readily reacts with various
substances including zinc and aluminium and is a
strong alkali compound. It is also used in
metallurgical applications. Moreover, consumption
of caustic soda in alumina extraction is further
expected for the growth of the market. The
organic segment and textile industry are
estimated to be the fastest growing and largest
consumer of caustic soda. The organic sector is
expected to lose some market shares mainly to
textiles by 2024. The textile industry is
expected to generate enormous revenue by 2024.
Caustic soda is used to remove waxes and oils
from the fiber, making the fiber easy to
bleaching, dying, etc and also used in
manufacturing manmade fibers. Caustic soda
treatment enables greater tensile strength and
lustre to the fabric.
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According to research report, 2012-2023 Report
on Global Caustic Soda Market Competition, Status
and Forecast, Market Size by Players, Regions,
Type, Application The caustic soda market will
witness a steady growth in water treatment, soap
detergents and the demand for cleaning
applications in the coming years. In Europe,
caustic soda is an important reactant for the
production of various organic chemicals and over
25 is consumed. There is a great challenge for
market growth of caustic soda and a dangerous
environmental impact is expected due to high
corrosive and reactive nature of caustic
soda. There is high manufacturing cost involved
in caustic soda production and is an energy
intensive process. Rise in manufacturing cost,
price fluctuation may pose a challenge to the
market growth. Asia Pacific is expected to
acquire for over 55 market share by 2024 with
the increasing production and increase in demand
for caustic soda in the Chinese market will be
due to the upcoming industries.
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• A steady growth will be observed in North America
  and will grow at CAGR of 3.2 from 2015 to 2024.
• Also the increasing RD activities towards
  development of new products using caustic soda
  and new production processes are expected to
  provide new opportunities to the competitors.
  Therefore, there will be a drastic growth over
  the coming years in the caustic soda market.
• Key Topics Covered in the Report
• Global Caustic Soda Market Research
• Global Caustic Soda Consumption Analysis
• Global Caustic Soda Market Future Outlook
• Global Caustic Soda Competition
• Asia Pacific Caustic Soda Market Research
• Europe Caustic Soda Market Research
• North America Caustic Soda Market Research
• Middle East Caustic Soda Market Research

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• Global Caustic Soda Market Analysis
• Global Caustic Soda Production Output
• Global Caustic Soda Import Export
• China Caustic Soda Market Research
• To know more click on the link below
• https//www.kenresearch.com/food-beverage-and-toba
  cco/general-food/report-global-caustic-soda-market
  -competition/111120-11.html
• Related reports
• https//www.kenresearch.com/metal-mining-and-chemi
  cals/chemicals/top-countries-caustic-soda-packagin
  g-2017/104506-101.html
• https//www.kenresearch.com/metal-mining-and-chemi
  cals/chemicals/top-countries-caustic-soda-2017/104
  505-101.html

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Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204