NEW YORK, November 16, 2016 /PRNewswire/ --
Growing applications of caustic soda in textile, pulp & paper, alumina and detergent industry coupled with increasing production of several organic and inorganic chemicals and rapid industrialization to drive India Caustic Soda market through 2025
According to a recently released TechSci Research report, "India Caustic Soda Market Study, 2011 - 2025", the caustic soda marketin India is projected to exhibit a CAGR of ~7.60% during 2016-2025, owing torising application of caustic soda invarious industries. India accounted for a share of around 3.5% in the global Caustic Soda market. Moreover, growing application of caustic soda in various end use industries such as, textile & apparels, pulp & paper and soaps & detergent industry is driving demand for caustic soda in India. In 2016, India textiles market is estimated to stand at USD108 billion and is further anticipated to reach USD223 billion by 2021. Thus, rising industrialization activities in the country, coupled with the emerging lifestyle and improving economy are further likely to boost demand for caustic soda in India during the forecast period.
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Growth in the caustic soda market in India is directly proportional to demand generating from various end users. Textile, Paper and Aluminium industries are the major end users expected to drive India caustic soda market during the forecast period. Moreover, growing sedentary lifestyle is contributing growth in the textile market in India, owing to increasing government effort to boost textile exports. Moreover, India paper industry is projected to exhibit a CAGR of 9.6% during 2012-2017, as the market is expected toreach USD11.83 billion by 2017. Furthermore, expanding metallurgical applications of caustic soda in the country, is further forecast to drive growth in India caustic soda market in the coming years.
"Western Region in India dominate caustic soda market over the past few years, owing to growing textile, pulp & paper, etc., industries, there by fueling demand for caustic soda. Moreover, the region accounts for large number of textile and paper industries, which are spread across the entire region. Furthermore, increasing investments by leading textile companies such as Raymond Group, Wellspun India Limited, etc., in the region, are further anticipated to drive India caustic soda market during the forecast period." said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"India Caustic Soda Market Study, 2011 - 2025" has analyzed the potential of the caustic soda market in India and provides statistics and information on market sizes, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by India caustic soda market.
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