Transparency Market Research has published a new report titled “Caustic Soda Market for Alumina, Pulp & Paper, Soaps & Detergents, Organics, Inorganics, Water Treatment and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.” According to the report, the global caustic sodamarket was valued at US$ 30.82 Bn in 2013 and is anticipated to reach US$ 39.75 Bn by 2020, expanding at a CAGR of 3.7% between 2014 and 2020.
Browse Global Caustic Soda Market Research Report: http://www.transparencymarketresearch.com/caustic-soda-market.html
The global market for caustic soda is expanding moderately, with Asia Pacific dominating the market in terms of volume and revenue. In terms of volume, Asia Pacific held over 50% share of the global caustic soda market in 2013. In terms of demand, China accounted for the major share of the caustic soda market in Asia Pacific in 2013 due to rising demand in end-user industries such as pulp & paper, chemical, and textiles. However, increasing caustic soda prices may affect some of the projects in China. Demand for caustic soda is high in emerging economies of India, Thailand and South Korea. This trend is projected to continue during the forecast period.
North America and Europe are likely to witness sluggish growth in the caustic soda market during the forecast period. The U.S. and Germany are the major consumers of caustic soda in North America and Europe, respectively. There are large scale production capacities built up for chlorine, which in turn has resulted into surplus of caustic soda in North America. However, increasing prices of energy and high taxation in the form of custom duties on electricity and cess on power produced for caustic soda manufacturing is likely to hamper market growth in the region. The caustic soda market in Europe is expected to witness sluggish growth due to high production cost and weak economic outlook. Additionally, presence of multiple numbers of mercury-based manufacturing plants in most countries in Europe may hamper market growth in the region.
The caustic soda market in Rest of the World is anticipated to expand at a faster pace from 2014 to 2020. RoW is emerging as a steadily growing market for pulp & paper and alumina. This, in turn, would boost the caustic soda market in the near future. Additionally, Brazil is anticipated to be an emerging market for caustic soda over the next few years due to growth in end-user industries in the region. Low energy costs in the Middle East coupled with upcoming projects in Qatar, Saudi Arabia and Oman are projected to further boost the caustic soda market in RoW.
Browse Press Release of Caustic Soda Market: http://www.transparencymarketresearch.com/pressrelease/caustic-soda-market.htm
Key players in the caustic soda market are the Dow Chemical Company, Olin Corporation, AkzoNobel N.V., Reliance Industries Limited, Occidental Petroleum Corporation, Formosa Plastics Corporation, Shin-Etsu Chemicals Co., Ltd, Axiall Corporation, INEOS ChlorVinyls and Bayer MaterialScience AG.
This report segments the global caustic soda market as follows:
· Caustic Soda Market – Application Analysis
o Pulp & paper
o Soaps & detergents
o Water treatment
o Others (Including textiles, petroleum processing, food processing, etc.)
· Caustic Soda Market – Regional Analysis
o North America
o Asia Pacific
o Rest of the World (RoW)
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