The ‘Global Liquid Caustic Soda Market Share, Size, Analysis, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global liquid caustic soda market, assessing the market on the basis of its segments like application and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Liquid Caustic Soda Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.40%
The growth of the global liquid caustic soda market is being driven by its versatility, with applications in textile, soap and detergent, bleach manufacturing, and aluminium processing, among others. The escalating applications of aluminium in the thriving construction, automotive, and packaging sectors across emerging economies is bolstering the adoption of liquid caustic soda, which in turn is contributing to the growth of the market. Rapid industrialisation and chemical industry expansion are also expected to drive the growth of the market for liquid caustic soda.
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Increased consumption of fresh water and risk of scarcity have led to introduction of strict regulations for controlling freshwater contamination in ponds, lakes, rivers, and seas, among others. Such regulations are expected to drive the growth of the liquid caustic soda market as the demand for liquid caustic soda as a water treatment chemical increases. Rising concerns pertaining to water pollution is driving the demand for liquid caustic soda globally as such concerns have resulted in rapid utilisation of caustic soda by the food and beverage industry, among others, for wastewater treatment.
Liquid Caustic Soda Industry Definition and Major Segments
Caustic soda, also known as sodium hydroxide, is a strong, colourless, and odourless chemical compound that belongs to the alkali family and is derived by electrolysing brine. The liquid form of caustic soda is referred to as liquid caustic soda and has a wide range of applications in various sectors including chemical agents, food additives, pulp and paper, chemical processing, and bleach manufacturing.
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Based on application, the market is divided into:
• Pulp and Paper
• Soap and Detergent
• Bleach Manufacturing
• Petroleum Products
• Aluminium Processing
• Chemical Processing
On the basis of region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Liquid Caustic Soda Market Trends
The key trends in the global liquid caustic soda market include increasing applications of caustic soda in the manufacturing of household cleaning products. The surge in demand for cleaning essentials due to increasing population and heightened awareness of hygiene have increased the demands for liquid caustic soda globally. Growth in the chemical sector along with ongoing research and development in the domain are expected to boost the growth of the market further.
The thriving tourism sector owing to increase in disposable incomes, is yet another trend impacting the growth of the market for liquid caustic soda. Increasing popularity of travelling activities has led to a growing demand for cleaning products and automotives. While cleaning products are manufactured using liquid caustic soda, the compound is essential for extracting alumina and which is then commonly used in automotives.
Liquid caustic soda is an integral compound that aids in accelerating the paper production process and separates ink from the fibres of paper while recycling them. Accordingly, the booming publishing and education industries are expected to further contribute towards the growth of the liquid caustic soda market. Agreements and collaborations between leading manufacturers of liquid caustic soda for improving supply chain management and transportation are additional trends influencing the market.
Key Market Players
The major players in the global liquid caustic soda market report are Asahimas Chemical Company, Westlake Corporation, Univar Solutions Inc., Hawkins, OxyChem, Infinity Galaxy, and RX Chemicals, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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