DALLAS, March 17, 2015 /PRNewswire/ --
The report "Caustic Soda Market by Application (Alumina, Inorganic Chemicals, Organic Chemicals, Food, Pulp & Paper, Soaps and Detergents, Textiles, Water Treatment, Steel/Metallurgy- Sintering and Others), & Region: Global Industry Trends & Forecasts to 2019", published by MarketsandMarkets, The Caustic Soda consumption is projected to grow from 70,701 KT in 2014 to 80,403 KT by 2019, at a CAGR of 2.61% during the same period.
Browse 66 Market Data Tables and 53 Figures spread through 127 Pages and in-depth TOC on "Caustic Soda Market".
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The Caustic Soda Market is estimated to witness a CAGR of 6.78% between 2014 and 2019 in terms of value, and is anticipated to generate a global market value of $38,484 million by 2019.
The report also defines driving and restraining factors for the global caustic soda market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include growing increased demand from the fast growing chemical industry and increased use in food, pulp & paper industries. The caustic soda market is experiencing moderate growth, especially in Asia-Pacific and North America, due to the increased demand of caustic soda in food, pulp & paper and chemical sectors.
The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World both by value and volume. The regional caustic soda market is further segmented on the basis of major applications.
"Asia-Pacific: The Biggest Market of Caustic soda"
The Asia-Pacific region was the world's largest market for caustic soda products in 2013. China is the key consumer of caustic soda in Asia-Pacific. Various mergers & acquisitions, and expansions in caustic soda industry and growing chemical industry have in turn made the region a potential growth market for caustic soda market. Expansions are key growth strategy adopted by major players in this industry.
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Expansion and merger & acquisitions are the major growth strategies adopted by industry players. Most of the companies are engaged in expanding their existing facilities or are venturing into new markets by mergers & acquisitions. Another area of concern is the improvement in the existing technology so that there is less energy consumption and the process is more environmentally benign.
The report forecasts value of the global caustic soda market and its various sub-markets with respect to main regions namely, Asia-Pacific, Europe, North America, and Rest of the World.
The report segments the global caustic soda market by its subsequent end-use applications.
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