Caustic Soda Market Size, Share | Global Industry Analysis Report and Forecast, 2035 | ChemAnalyst

NEW YORK - April 14, 2022 - PRLog -- The Caustic Soda market is expected to witness considerable growth by reaching 68.76 million tonnes in 2035, at a healthy CAGR of 4.95% in the span of the next 10-15 years. Increasing demand for high-grade alumina from refractories and a steady rise in paper and pulp industry consumption are the key factors driving the demand for Caustic Soda. Caustic Soda is widely used in the textile industry for scouring, mercerization, and dyeing. Growth in export demand for textiles, coupled with increasing demand for paper and pulp, will also be one of the significant reasons for propelling demand for Caustic Soda in the forecasting period.

Caustic Soda is a co-product of the chlor-alkali facilities. Liquid caustic soda is odourless and colourless. Caustic soda reacts readily with metals such as aluminium, magnesium, zinc, tin, chromium, bronze, brass, copper, and alloys containing these metals. Galvanized (zinc-coated) materials and contact with acids, halogenated organics, organic nitro compounds, and glycol should be avoided.

Caustic soda has many applications based primarily on its ability as a solid alkali to react with many substances. It has a more substantial base and is a faster reactant than other alkalis. Caustic soda can easily be transported and stored in the liquid form. Also, it does not form carbon dioxide or other insoluble carbonates. The most prominent uses for caustic soda are pulp and paper manufacturing, alumina production, de-inking of wastepaper, water treatment, and general chemistry. Caustic soda is a primary feedstock in manufacturing a wide range of chemicals. It is used as an intermediate and a reactant in processes that produce solvents, plastics, synthetic fibres, bleach, adhesives, coatings, herbicides, dyes, inks, and pharmaceuticals such as aspirin. It is also used in soap and detergent, oil and gas, and textile industries, as well as to neutralize acidic waste streams and scrub acidic components from off-gases. With all downstream applications, appropriate registrations and approvals may be required.

Caustic Soda Market is segmented based on grade, type end-use, sales channel, and region. Industrial Grade, Pharmaceutical Grade, and Lab Reagent Grade are the three primary grades of caustic soda sold globally. Industrial grade is the highly concentrated form of caustic soda mainly utilized for laboratory purposes and accounts for 77% of the total market as of 2021

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Some of the major players operating in Caustic Soda market include Olin Corporation., Formosa Plastics Corporation USA, Dow Chemical, westlake Chemical, Covestro AG, Oxychem, Xinjiang Zhongtai Chemical Co., Ltd., INOVYN, Shintech, Grasim Industries Limited, Tosoh Corporation, Kem One, Dongying Jingling chemical.