Caustic Soda Market to Garner $55.8 Bn, Globally, by 2026 at 5.5% CAGR, Says Allied Market Research
Surge in demand for caustic soda from application and rise in R&D activities for development of new products and production processes have boosted the growth of the global caustic soda market
PORTLAND, Oregon, Dec. 10, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Caustic Soda Market by Production Process (Membrane Cell, Diaphragm Cell, and Others) and Application (Organic Chemical, Inorganic Chemical, Alumina, Pulp & Paper, Soap & Detergent, Water Treatment, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global caustic soda industry was pegged at $36 billion in 2018 and is projected to reach $55.8 billion by 2026, registering a CAGR of 5.5% from 2019 to 2026.
Chief reasons for market fluctuations
Rise in demand for caustic soda from application and surge in R&D activities for development of new products& production processes are the major factors driving the growth of the global caustic soda market. However, hazards associated with caustic soda impedes the growth to certain extent. On the contrary, emerging chemical sector is expected to create lucrative opportunities in the near future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6244
The membrane cell segment to rule the roost through 2026
Based on production process, the membrane cell segment held the largest share in 2018, accounting for more than two-fifths of the global caustic soda market. This is due to its increase in use for organic chemicals applications. On the other hand, the diaphragm cell segment is expected to portray the fastest CAGR of 6.2% during the forecast period. This is due to the rise in use of diaphragm cell in pulp & paper, and water treatment process.
The organic segment dominated the market
Based on application, the organic chemicals segment held the lion's share in 2018, contributing to nearly one-fifth of the global caustic soda market. This is due to increase in demand for caustic soda in U.S and Canada. However, the pulp and paper segment is expected to manifest the fastest CAGR of 6.9% during the forecast period. Increasing use of Caustic soda in chemical pulping processes such as in sulfate and sulfite is driving the growth of this segment.
Asia-Pacific held the largest share in 2018, followed by North America
The global Caustic soda market across Asia-Pacific dominated in 2018, contributing to more than half of the market. Moreover, the region is expected to register the fastest CAGR of 6.0% during the study period. This is due to rise in number of health-conscious consumers in this region. The strong base of caustic soda production and increasing consumption is expected to offer growth to the market. On the other hand, North America held the second largest market share in terms of revenue in 2018.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6244
Major market players
- AkzoNobel
- Occidental Petroleum Corporation
- BASF
- FMC Corporation
- Arkema Group
- Dow Chemical Company
- Solvay SA
- BAYER AG
- Tata Chemicals Limited
- Eastman Chemical Company
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Get Up to 30% Discount on All Published Reports:
Biodegradable Plastic Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Polyphenylene Sulfide (PPS) Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Automotive Lubricants Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Pre-Book Now with 12% Discount:
Chlor-Alkali Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
Pulping Chemicals Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
Aluminium Nitride Market - Global Opportunity Analysis and Industry Forecast, 2019-2026
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Follow Us on Twitter: https://twitter.com/marketresearcht
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research
Share this article