Solid Caustic Soda Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2021–2028
The global solid
caustic soda market is expected to reach USD 37.31 Billion by 2028,
according to a new report by Reports and Data. Solid caustic soda is a
substance used as an ingredient or in the production of a wide variety of
household products such as detergents, body soap, and drain cleaners.
In the chemical industries, caustic
soda finds application in a variety of chemical reactions as it gives up
sodium, hydrogen, and oxygen atoms to help form new chemical compounds. In
conditions where a corrosive substance is required, like for a drain blockage,
caustic soda helps to dissolve the organic materials but will leave the polyvinyl
chloride pipes intact. It is also used in the production of ice cream, soft
drinks, and food dye. The corrosive and toxic properties of caustic soda
disappear in these processes, such as the case with soap above.
Solid caustic soda finds application
in the energy sector in fuel cell production. Fuel cells efficiently generate
electricity for a wide range of applications, comprising materials handling;
transportation; and portable, stationary, and emergency backup power
applications. Moreover, epoxy resins, produced with caustic soda, finds usage
in wind turbines.
Municipal water treatment facilities
use solid caustic to regulate water acidity and to assist in removing heavy
metals from water. Also, it is used in the production of sodium hypochlorite, a
type of water disinfectant.
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Key participants include Dow Chemical Company, Tata Chemicals
Limited, FMC Corporation, PPG Industries, Tosoh Corporation, Nirma Limited,
Hanwha Chemical Corporation, Ineos Group Limited, Formosa Plastics Corporation,
and Occidental Petroleum Corporation (OXY), among others.
Further key
findings from the report suggest
- The membrane cell process has intrinsic
ecological advantages over the two older methods, as it does not use
mercury or asbestos. It is the most energy-efficient process and is
incredibly safe to operate, and it produces a consistently high quality of
solid caustic soda.
- By distribution channel, the online
distribution channel is projected to grow at a faster rate of 7.9% in the
period 2020-2028, as this mode of distribution has the advantage of
providing a broader exposure to the product produced by the manufacturers,
especially with the proliferation of smart devices and internet
connectivity.
- Industrial grade solid caustic soda is
not completely pure. It contains impurities and is used in commercial and
industrial purposes. It is not suitable to be used in any food products
and can be used for many science fair projects.
- Caustic soda finds application in the
extraction of alumina. Alumina is used to produce aluminum and a range of
products such as cans, foil, kitchen utensils, and airplane parts. In
building and construction, aluminum is implemented in the making of
building window frames and facades.
- APAC dominated the market for solid
caustic soda. China leads the consumption demand in solid caustic soda.
Moreover, the growth of the chemical industry in the emerging nation on
the region is driving the growth of the market.
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The report also studies their
financial standing and global position. It also provides an extensive coverage
of the alliances occurring in the competitive landscape such as mergers and
acquisitions, collaborations, joint ventures, partnerships, corporate deals and
government deals, agreements, and product launches and brand promotions.
To impart a better understanding, the Solid
Caustic Soda market is further segmented on the basis of types, application,
technologies, and key geographies where the market has already established its
presence.
For the purpose of this report, Reports and
Data have segmented the global solid caustic soda market on the basis of
manufacturing process, distribution channel, grade, application, and region:
Manufacturing
Process Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Membrane Cell
- Diaphragm cell
- Others
Distribution
Channel Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million;
2020-2028)
- Online
- Offline
Grade Outlook
(Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Reagent Grade
- Industrial Grade
- Pharmaceutical Grade
Application Outlook
(Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
- Organic Chemicals
- Inorganic Chemicals
- Soaps & Detergents
- Energy
- Water Treatment
- Textiles
- Alumina
- Others
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Regional analysis section covers
analysis of the Solid Caustic Soda market in the major geographies of the world
including North America, Latin America, Europe, Asia Pacific, and the Middle
East and Africa with regards to production and consumption pattern, supply and
demand ratio, import/export, revenue contribution, market share and market
size, and presence of key players in the region.
Detailed Regional Analysis Covers:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, France, Rest of Europe)
· Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
· Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
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