The “Caustic Soda Market” report forecast 2019-2024 is a professional and detailed study on the present state also focuses on the major drivers, Caustic Soda business strategists and effective growth for the key players. Global Caustic Soda Industry also provides granular analysis of the Caustic Soda market dynamics, share, segmentation, revenue forecasts and facilitate better decision-making.
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The market for caustic soda is anticipated to register a CAGR of 5.85% during the forecast period 2019-2024. One of the major factors driving the growth of the market is the rising demand for alumina in the automotive industry.
- The increased use of aluminum in automobiles is also expected to increase the consumption of caustic soda, to extract aluminum from its ores, thereby augmenting the growth of the market.
- Methods to reduce consumption using oxygen reduction electrodes in place of the traditional ones are in the research phase. This swap in electrodes is expected to save energy by roughly 30%-35%, which is likely to hinder the market growth.
- Plant capacity expansions and joint ventures in emerging and developed markets are projected to act as an opportunity for the market, in the future.
Caustic Soda Market by Top Manufacturers:
Analysis and Key Opportunities of Caustic Soda Market Report: Extensive analysis of the Global market, by component, helps in understanding the components of the Market that are currently used along with the variants that would gain prominence in the future. Caustic Soda market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Increasing Demand from the Pulp and Paper Industry
- Caustic soda is used in the pulp & paper industry mostly for digesting wood to make wood pulp, and as a ableaching agent for neutralizing bleached pulp and paper. It is also used for deinking of waste papers.
- Caustic soda is available in solid, flake, or powder form, while its water solution is mostly used by the pulp & paper industry. Commercially, equivalent to 98% NaOH is quoted on a 76% sodium oxide (Na2O) basis.
- In Asia-Pacific, China and India are the major markets for pulp and paper production, while in Europe, Sweden and Finland accounted for approximately 60% of the European pulp production in 2017.
- In North America, there are over 110 pulp mills in the United States and Canada combined, which consume over 3 million metric ton of caustic soda per year.
- All the aforementioned factors are expected to drive the global market during the forecast period.
Asia-Pacific to Dominate the Market
In Asia-Pacific, China is the largest economy, in terms of GDP. The annual growth rate of Chinese GDP was 6.6% in 2019, and it is further expected to increase by 6.3% in 2019. The growth in the country remains high, but it is gradually diminishing as the population ages and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand. China is the largest producer, as well as consumer of caustic soda. China is the largest largest pulp and paper producing nation in the world, as a result of its large forest reserves (22.5% of the land area). The industry is modern and highly mechanized, and the labor is cheap. Forest cover is increasing in China, owing to government afforestation initiatives. While this is a positive sign, there are concerns regarding social and environmental issues. As the largest wood importer in the world, with complex and opaque supply chains, significant challenges are also present. With the growth in the pulp and paper industry, coupled with the rising demand from other sectors, the consumption of caustic soda is expected to increase in the country, in the upcoming years.
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Some Major Point cover in this Caustic Soda report are: -
What will the market growth rate, Overview and Analysis by Type of Caustic Soda Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Caustic Soda industry?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Manufacturers Profiles of Caustic Soda?
Who are Opportunities, Risk and Driving Force of Caustic Soda Market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
Who are the opportunities and threats faced by the Manufacturers in Caustic Soda space? Business Overview by Type, Applications, Gross Margin and Market Share
What are the market opportunities, market risk and market overview of the Caustic Soda Market?
No. of Pages: - 110
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Table of Contents included in Caustic Soda Market Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
List of abbreviations
List of Exhibits
And Many More….
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